The 2020 Mid-Year Economic Update_long

Kaman Distribution Sales Up 13% in 3Q

Overall, Kaman sales were up 9.1 percent in the quarter.

Kaman Corp. (NYSE: KAMN), Bloomfield, CT, reported third-quarter sales of $462.3 million, up 9.1 percent over the same period a year ago. Profit decreased 10.6 percent to $35.4 million.

Distribution sales grew 13 percent for the third quarter to $308.6 million, with organic sales per sales day increasing 1.7 percent. Aerospace sales grew 2 percent to $153.8 million for the quarter.

For the first nine months, Kaman Corp. sales were $1.3 billion, up 7.4 percent year-over-year. Profit increased 1.2 percent to $101.2 million.

Distribution segment sales increased 9.7 percent to $877.6 million for the year-to-date period; aerospace segment sales grew 3.3 percent to $457.7 million.

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