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Kaman Distribution Sales Up 16.9% in 3Q

The company recently completed the sale of its distribution segment for $700 million in cash.

Kaman Corp. (NYSE: KAMN), Bloomfield, Connecticut, reported sales for the third quarter sales of $182.7 million, up 16.9% year-over-year. Profit grew from $1.4 million to $142.8 million.

For the first nine months, sales were $523.8 million, up 1.7% year-over-year. Profit grew from $30.6 million to $170.4 million.

The company recently completed the sale of its distribution segment for $700 million in cash.

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