Kaman Industrial Distribution Sales Up 8% in 2Q
Kaman Corp. reported sales of $293 million, compared with $271.3 million in the prior-year quarter, a jump of 8%. Net income for the quarter was $7.5 million, compared with $2.8 million the previous year.
For the first six months of 2006, the company reported sales of $589.6 million, compared with $534.6 million in the same period last year, an increase of 10%. Net income was $13.4 million compared with $7.5 million last year.
Paul R. Kuhn, chairman, president and CEO, said, "The realignment of our Aerospace business at the beginning of 2005 is working and we are seeing both growth and improving margins for most of this segment. We have also experienced strong growth and improving margins in our Industrial ...