The 2020 Mid-Year Economic Update_long

Kaman Distribution Sales Up 20.3% in 1Q

Overall Kaman sales increased 8.5 percent in the first quarter.

Kaman Corp. (NYSE: KAMN), Bloomfield, CT, reported first quarter sales of $442.8 million, up 8.5 percent over the same period a year ago. Profit increased 11.3 percent to $12.8 million.

Sales for Kaman's distribution segment were $311.5 million, up 20.3 percent over the prior year period, mainly due to $30 million in sales from acquisitions and an increase of $22.6 million in organic sales. 

Aerospace segment sales were $131.3 million, down 11.9 percent year-over-year. 

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