The 2020 Mid-Year Economic Update_long

Kaman Distribution Sales Down 2.5% in 3Q

Overall, Kaman sales were down 1.4 percent in the quarter.

Kaman Corp. (NYSE: KAMN), Bloomfield, CT, reported third-quarter sales of $447 million, down 1.4 percent over the same period a year ago. Profit decreased 6.9 percent to $16.3 million.

Distribution sales fell 2.5 percent for the third quarter to $267.6 million. Aerospace sales increased 0.2 percent to $179.4 million for the quarter.

For the first nine months, Kaman Corp. sales were $1.3 billion, down 3.2 percent year-over-year. Profit decreased 17.6 percent to $36 million.

Year to date, distribution segment sales increased 3.8 percent to $818 million; aerospace segment sales decreased 2.3 percent to $514 million.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By :