Kaman Distribution Sales Down Slightly in 2017

Fourth-quarter sales up 9.4 percent year-over-year.

Kaman Corp. (NYSE: KAMN), Bloomfield, CT, reported sales for 2017 of $1.8 billion, down slightly from the prior year. Profit fell 15.3 percent to $49.8 million.

Distribution sales decreased slightly for the year to $1.1 billion, while aerospace sales grew 3.3 percent to $724.9 million.

For the fourth quarter, Kaman Corp. sales were $473.9 million, up 9.4 percent year-over-year. Profit decreased 8.6 percent to $13.8 million.

Distribution sales rose 2.3 percent in the fourth quarter to $263 million, compared to the same period a year ago. Aerospace segment sales rose 20 percent to $210.9 million.

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