Kaman Corporation

Kaman Corp. engages in the design, manufacture and distribution of aircrafts, aircraft parts and components. It operates through the following three segments: Engineered Products, Precision Products and Structures. The firm produces and markets proprietary aircraft bearings and components, super precision, miniature ball bearings, proprietary spring energized seals, springs and contacts, complex metallic and composite aero structures for commercial, military, and general aviation fixed and rotary wing aircraft, and safe and arming solutions for missile and bomb systems for the U.S. and allied militaries. The company was founded by Charles H. Kaman in 1945 and is headquartered in Bloomfield, CT.

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Kaman Corporation reports robust Q4 earnings, eyes growth opportunities

Kaman Corporation's Q4 2022 performance reflects strong sales growth and improved profitability, driven by the Engineered Products segment and strategic cost optimization.
Challenges in 2022 included operational issues and planned volume reductions, while opportunities lie in revenue growth, cost savings, and market alignment with peers.
The company's focus on financial efficiency, product innovation, and addressing upcoming refinancing needs will be critical for sustained growth and market positioning.
Overall, Kaman Corporation's performance showcases resilience, strategic foresight, and a commitment to long-term financial success amidst operational challenges and market dynamics.

Kaman Corp excels in Q1 2023, eyes growth through innovation

Kaman Corporation's Q1 2023 performance reflects strong sales growth and improved profitability across key segments.
Strategic actions, diverse revenue sources, and financial discipline underscore the company's resilience and growth potential.
Challenges in certain segments necessitate focused efforts on product innovation and operational efficiency.
Opportunities in next-gen products, operational optimization, and financial management position the company for sustainable growth.

Kaman Corporation reports robust Q2 performance, focuses on growth opportunities

Kaman Corporation's Q2 2023 earnings call highlighted strong sales growth, operational efficiency improvements, and strategic initiatives to drive profitability. While facing challenges in certain segments, the company remains focused on capitalizing on growth opportunities and reducing leverage to enhance shareholder value.

Kaman Corp reports robust Q3 growth, eyes high-growth opportunities

Kaman Corporation's Q3 performance reflects strong sales growth, particularly in key segments like Engineered Products and commercial aviation, while facing challenges in certain segments.
The company's strategic focus on investing in growth areas, optimizing costs, and advancing innovative products like the KARGO UAV system underscores its commitment to long-term success.
Revised full-year outlook with higher adjusted EBITDA range signals confidence in future prospects, highlighting Kaman's resilience and adaptability in navigating market dynamics.

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Since 1945, Kaman has been a leading innovator in the aerospace industry, serving commercial and military customers around the world. Its technical expertise and broad array of solutions has helped the organization grow to become one of North America's largest industrial distributors and system consultants.  The Kaman Aerospace Group serves commercial and military customers around the world and employs over 2,900 individuals at 21 global facilities. The business segment accounted for 39% of 2016 consolidated revenues, which were comprised of defense, fuzing, and commercial sales.  The Kaman Distribution Group offers a broad array of solutions that have helped it grow to become on of North America's largest industrial distributors and system consultants. The division employs over 2,200 individuals at 240 locations across the United States. It accounts for 61% of 2016 consolidated revenues, which came from the Bearings & Power Transmission, Automation, and Fluid Power product platforms.

PITTSBURGH--(BUSINESS WIRE)--Near Earth Autonomy, Inc. (Near Earth) and Kaman Air Vehicles, a division of Kaman Corporation (NYSE: KAMN), announced today that they have been awarded a contract by the U.S. Army to demonstrate a resupply uncrewed aerial system (UAS) capable of moving loads with a minimum of 800 pounds and flying distances over 100 miles. This heavy-lift vertical takeoff and landing (VTOL) UAS will take Soldiers out of harm's way and supplement resupply trips through added uncrewe.

U.S. Army Awards Near Earth Autonomy and Kaman Air Vehicles Contract to Demonstrate Heavy Lift VTOL Capability

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The aerospace and defense industry is a stock market segment with decent growth over the last year. The iShares U.S. Aerospace and Defense ETF (BATS: ITA ), the benchmark ETF for tracking the aerospace and defense industry, has increased by 15% this past 12 months.

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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Kaman (KAMN) Stock?

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) today announced that James Coogan, Senior Vice President and Chief Financial Officer, will step down from his role as CFO effective August 28, 2023. Carroll Lane, Senior Vice President, Kaman Corporation and Segment Lead of Engineered and Precision Products, will serve as Interim CFO until a permanent successor is appointed. Mr. Coogan, who is departing Kaman to pursue another opportunity outside the aerospace and defense industry, wil.

Kaman Announces Chief Financial Officer Transition

Kaman Corporation (NYSE:KAMN ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants James Ranno - Assistant Controller Ian Walsh - Chairman, President and Chief Executive Officer James Coogan - Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants Jacob Moore - KeyBanc Capital Markets Operator Good day, and thank you for standing by. Welcome to the Kaman Corporation Q2 2023 Conference Call.

Kaman Corporation (KAMN) Q2 2023 Earnings Call Transcript

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Kaman (KAMN) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.31 per share a year ago.

Kaman (KAMN) Tops Q2 Earnings and Revenue Estimates

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) today reported financial results for the second fiscal quarter ended June 30, 2023. Table 1. Summary of Financial Results (unaudited)         Thousands of U.S. dollars (except share data)   Three Months Ended   For the Six Months Ended     June 30, 2023   March 31, 2023   July 1, 2022   June 30, 2023   July 1, 2022 Net sales   $ 195,158     $ 194,542     $ 160,766     $ 389,700     $ 318,814   Net earnings (loss)     5,255       (769 ).

Kaman Reports Second Quarter 2023 Results

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) announced today that it will report its second quarter 2023 results after the stock market closes on Wednesday, August 2, 2023, and host a live webcast and conference call at 8:30 am ET on Thursday, August 3, 2023. A supplemental presentation relating to the second quarter 2023 results will be posted to the Company's website prior to the earnings call at http://www.kaman.com/investors/quarterly-earnings-calls. Participants must registe.

Kaman Corporation Announces Release Date for Second Quarter 2023 Earnings

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Net sales remained stagnant for a few years. Profit margins are improving as the management is cutting expenses, improving operating efficiencies, and has acquired a manufacturer of high-value-added products.

Kaman Corporation: A High-Risk/High-Reward Turnaround Play

Kaman Corporation (NYSE:KAMN ) Q1 2023 Earnings Conference Call May 3, 2023 8:30 AM ET Company Participants Rebecca F. Stath - VP and Controller Ian K.

Kaman Corporation (KAMN) Q1 2023 Earnings Call Transcript

Kaman (KAMN) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.15 per share a year ago.

Kaman (KAMN) Q1 Earnings and Revenues Top Estimates

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) today reported financial results for the first fiscal quarter ended March 31, 2023. Table 1. Summary of Financial Results (unaudited) Thousands of U.S. dollars (except share data)   Three Months Ended     March 31, 2023   December 31, 2022   April 1, 2022 Net sales   $ 194,542     $ 197,143     $ 158,048   Net (loss) earnings     (19 )     (54,943 )     4,028   Adjusted EBITDA*     24,769       30,987       12,186   Adjusted EBITDA mar.

Kaman Reports First Quarter 2023 Results

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) announced today that it will report its first quarter 2023 results after the stock market closes on Tuesday, May 2, 2023, and host a live webcast and conference call at 8:30 am ET on Wednesday, May 3, 2023. A supplemental presentation relating to the first quarter 2023 results will be posted to the Company's website prior to the earnings call at http://www.kaman.com/investors/quarterly-earnings-calls.

Kaman Corporation Announces Release Date for First Quarter 2023 Earnings

NEW YORK , March 14, 2023 /PRNewswire/ -- Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Kaman Corp. (NYSE: KAMN). If you are a shareholder of Kaman Corp. and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at: https://pjlfirm.com/kaman-corp/ You may also contact Robert H.

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating Kaman Corp. for Potential Breaches of Fiduciary Duty By Its Board of Directors

ATLANTA--(BUSINESS WIRE)--Kaman Corporation (NYSE: KAMN) and PHI Aviation LLC (“PHI”) announced at the 2023 HAI Heli-Expo that Kaman's subsidiary, Kaman Aerospace Corporation (“Kaman”) and PHI have entered into a master commercial agreement for the promotion, sales and support of a commercial version of Kaman's KARGO UAVTM unmanned aerial system, including collaboration relating to its ongoing design and certification.

Kaman and PHI Aviation Announce Commercial Agreement

Kaman Corporation (NYSE:KAMN ) Q4 2022 Earnings Conference Call February 24, 2023 8:30 AM ET Company Participants Rebecca Stath - VP and Controller Ian Walsh - Chairman, President and CEO Jamie Coogan - SVP, CFO and Treasurer Conference Call Participants Steve Barger - KeyBanc Capital Markets Larry Solow - CJS Securities Seth Seifman - JPMorgan Operator Good day and thank you for standing by. Welcome to the Kaman Corporation Q4 2022 Conference Call.

Kaman Corporation (KAMN) Q4 2022 Earnings Call Transcript

Kaman Corporation's wide range of products makes it a significant participant in the aerospace and defense sector. The company is well-positioned for long-term success despite current industry challenges due to its focus on cost structure simplification and core growth possibilities.

Kaman: Recent Acquisition And Portfolio Reshaping Positions It For Success

Kaman (KAMN) delivered earnings and revenue surprises of 82.61% and 4.64%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Kaman (KAMN) Q4 Earnings Top Estimates

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) today reported financial results for the fourth fiscal quarter and full year ended December 31, 2022. Table 1. Summary of Financial Results (unaudited) Thousands of U.S.

Kaman Reports Fourth Quarter and Full Year 2022 Results

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Kaman Corporation (NYSE: KAMN) announced today that its subsidiary, Kaman Precision Products, Inc. (KPPI), and the Tawazun Council (Tawazun) have signed a Business Plan Approval Letter (BPAL) for Kaman EMEA, Inc. to establish a Height of Burst (HOB) manufacturing and final assembly facility in collaboration with Remah International Group - Sole Proprietorship LLC (RIG) at the Tawazun Industrial Park.

Kaman Precision Products, Inc. and Tawazun Council Sign a Business Plan Approval Letter to Establish Fireburst™ System Height of Burst Manufacturing Technology in UAE

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) announced today that it will report its fourth quarter and full year 2022 results after the stock market closes on Thursday, February 23, 2023, and host a live webcast and conference call at 8:30 am ET on Friday, Friday 24, 2023. A supplemental presentation relating to the fourth quarter and full year 2022 results will be posted to the Company's website prior to the earnings call at http://www.kaman.

Kaman Corporation Announces Release Date for Fourth Quarter and Full Year 2022 Earnings

BLOOMFIELD, Conn.--( BUSINESS WIRE )--Kaman Corporation (NYSE: KAMN) (the “Company”) today announced the next phase in its portfolio reshaping efforts to optimize its cost structure, focus resources on the most compelling growth opportunities, improve financial performance and position Kaman to deliver sustainable shareholder value.

Kaman Announces Next Transformational Steps to Optimize Cost Structure and Focus on Highest Growth Opportunities

BLOOMFIELD, Conn.--( BUSINESS WIRE )--(NYSE:KAMN) Kaman Corporation (the “Company”) today announced actions to continue reshaping the Company's portfolio, enhance operational efficiency, improve financial performance and position Kaman for long-term growth and sustainable value creation.

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