Kaman Corp. (NYSE: KAMN), Bloomfield, CT, reported sales for 2018 of $1.9 billion, up 3.9% from the prior year. Profit fell 25% to $83.1 million.
Distribution sales grew 4.6% for the year to $1.1 billion, while aerospace sales grew 1.5% to $736 million.
For the fourth quarter, Kaman Corp. sales were $500.9 million, up 5.7% year-over-year. Profit decreased 17.4% to $34.2 million.
Distribution sales rose 6.4% in the fourth quarter to $280 million, compared to the same period a year ago. Aerospace segment sales grew 4.7% to $220.9 million.
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