Kaman Sales Up 15% in 2011 - Modern Distribution Management

Log In

Kaman Sales Up 15% in 2011

Industrial Distribution segment sales increased 14.3% in 2011.
Author
Date

Kaman Corp. (NYSE: KAMN), Bloomfield, CT, reported sales for 2011 of $1.5 billion, an increase of 15 percent over sales in 2010. Profit increased 43.5 percent to $51.1 million.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.

\"\"

For the three months ended Dec. 31, 2011, sales were $378.7 million, up 3.7 percent over the same period a year ago. Profit fell 28.5 percent to $10 million.

Industrial Distribution segment sales increased 6.7 percent in the fourth quarter to $233.4 million. Organic sales grew 2.8 percent. Market strength was broad based across most geographies, customers and end markets. Segment operating income for the fourth quarter of 2011 was $11.1 million, a year-over-year increase of 20.7 percent.

Industrial Distribution segment sales for the full year 2011 were a $950.8 million, an increase of 14.3 percent year-over year. Operating income was $48.1 million, an increase of 59.1 percent.

Aerospace segment fourth-quarter sales were $145.3 million, a decrease of $1.1 million from sales in the fourth quarter of 2010. Operating income for the fourth quarter of 2011 was $17.5 million, compared to operating income of $26.4 million in the 2010 fourth quarter.

For the full year 2011, segment sales were $547.4 million, an increase of 12.5 percent from 2010. Full year operating profit rose 19.8 percent to $80.4 million.

\”Acquisitions remain a key component of our growth strategy and we are pleased that we completed five acquisitions during 2011,\” said Neal J. Keating, president and CEO. \”At the forefront, in Industrial Distribution, the acquisition of Catching Fluidpower and our national reseller agreement with Parker Hannifin will form the cornerstone of our strategy to increase our mix of higher margin fluid power product sales. In Aerospace, the acquisition of Vermont Composites expands our customer base and our platform exposure adding further diversity to this segment. All in all 2011 was a great year for Kaman, but most importantly it demonstrates solid progress toward our 2014 goals for sales and profit in both businesses.\”

Share this article

About the Author
Recommended Reading
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.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.