The 2020 Mid-Year Economic Update_long

Kaman Distribution Sales Up 12.6% in 2Q

Overall, Kaman sales were up 6 percent in the quarter.

Kaman Corp. (NYSE: KAMN), Bloomfield, CT, reported second-quarter sales of $459.1 million, up 6 percent over the same period a year ago. Profit decreased 7 percent to $16.6 million.

Distribution sales grew 12.6 percent for the second quarter, with organic sales per sales day increasing 3.1 percent. Operating income increased 12.8 percent to $15.4 million.

Aerospace sales fell 4 percent to $154.9 million, while operating income fell 7 percent to $26.7 million.

For the first six months, sales were $873 million, up 6.5 percent year-over-year. Profit increased 12 percent to $28 million.

Distribution segment sales increased 8 percent to $569.1 million for the period; aerospace segment sales grew 4 percent to $304 million.

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