The 2020 Mid-Year Economic Update_long

Kaman Distribution Sales Down 5.9% in 1Q

Overall Kaman sales increased 3.4 percent in the first quarter.

Kaman Corp. (NYSE: KAMN), Bloomfield, CT, reported first quarter sales of $435.9 million, up 3.4 percent over the same period a year ago. Profit decreased 35.6 percent to $6.3 million.

Sales for Kaman's distribution segment were $271.6 million, down 5.9 percent over the prior-year period. Aerospace segment sales were $164.3 million, up 1.1 percent year-over-year.

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