6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Kaman Corp. (NYSE: KAMN), Bloomfield, CT, reported first-quarter sales of $413.9 million, up 6.7 percent over the same period a year ago. Profit grew 60 percent to $11.5 million.
Sales for Kaman's distribution segment were $264.9 million, up 3 percent over the prior year period. Organic sales per sales day increased 1.9 percent, despite adverse weather conditions in January and February. Segment operating profit was $11.1 million, versus $4.6 million a year ago.
Aerospace segment sales were $149.1 million, up 14 percent year-over-year. Operating profit increased 5 percent to $22 million.
Kaman also announced the completion of its previously announced acquisition of Akron, OH-based B.W. Rogers, through its subsidiary Kaman Fluid Power LLC. About 240 employees of B.W. Rogers have joined Kaman.