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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Earnings data Q1 2024

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.

Kaman Corporation (NYSE:KAMN ) Q3 2022 Earnings Conference Call November 2, 2022 8:30 AM ET Company Participants Kary Bare - Director-Investor Relations Ian Walsh - Chairman, President & Chief Executive Officer Jamie Coogan - Senior Vice President & Chief Financial Officer Conference Call Participants Steve Barger - KeyBanc Capital Markets Larry Solow - CJS Securities. Operator Good day, ladies and gentlemen, and thank you for standing by.

Kaman Corporation (KAMN) Q3 2022 Earnings Call Transcript

Kaman (KAMN) delivered earnings and revenue surprises of -51.52% and 9.41%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Kaman (KAMN) Lags Q3 Earnings and Revenue Estimates

Kaman Reports Third Quarter 2022 Results

BLOOMFIELD, Connecticut--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) announced today that it will report its third quarter 2022 results after the stock market closes on Tuesday, November 1, 2022, and host a live webcast and conference call at 8:30 am ET on Wednesday, November 2, 2022.

Kaman Corporation Announces Release Date for Third Quarter 2022 Earnings

Kaman Announces New K-MAX® Order From North American Helicopter

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Air Vehicles, a division of Kaman Corporation (NYSE:KAMN) announced today that they have been selected to build a logistics UAS prototype for the United States Marine Corps. Kaman will build a funded military version of its KARGO UAV, a purpose-built autonomous medium-lift logistics vehicle. KARGO UAV carries up to 800 pounds of payload and is designed to operate in austere environments. The USMC project is being managed by NAVAIR PMA-263 under the Medi

Kaman Selected to Build Cargo UAS Prototype for U.S. Marines

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corporation (NYSE:KAMN) announced today that it completed the acquisition of the Parker-Hannifin Corporation (“Parker”) Aircraft Wheel & Brake Division (“Aircraft Wheel & Brake”) on September 16, 2022 (the “Transaction”). Aircraft Wheel & Brake has been a trusted provider of mission-critical wheel and brake technology products and solutions for more than 80 years. With a strong OEM and aftermarket portfolio supporting more than 100 platforms

Kaman Corporation Completes Acquisition of the Parker-Hannifin Aircraft Wheel & Brake Division

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corporation (NYSE:KAMN) today announced that Ian Walsh, Chairman, President and Chief Executive Officer, will present at the Gabelli Funds 28th Annual Aerospace & Defense Symposium on Thursday, September 8, 2022. Jamie Coogan, Senior Vice President and Chief Financial Officer will also participate in the event. The presentation will be broadcast live via the internet. To access the broadcast, please register with Gabelli Funds at https://gabelli.zoo

Kaman to Address Gabelli Funds 28th Annual Aerospace & Defense Symposium

Boeing

MIDDLETOWN, Conn.--(BUSINESS WIRE)--Kaman Corporation (NYSE: KAMN), announced that its Kaman Precision Products Fuzing division located in Middletown, Connecticut, has received an award from The Boeing Company (NYSE: BA) for the Standoff Land Attack Missile Expanded Response (SLAM-ER) program. Kaman is contracted to support engineering for obsolescence redesign and production of 650 safe and arming fuze systems for the SLAM-ER advanced precision-guided, air-launched cruise missile. This award h

Kaman Fuzing Receives Award From the Boeing Company for Standoff Land Attack Missile Expanded Response (SLAM-ER) Program

Kaman Corp (NYSE:KAMN ) Q2 2022 Earnings Conference Call August 5, 2022 8:30 AM ET Company Participants Kary Bare - Director, IR Ian Walsh - President, CEO & Chairman James Coogan - SVP & CFO Conference Call Participants Larry Solow - CJS Securities Operator Ladies and gentlemen, thank you for standing by and welcome to the Kaman Corporation Q2 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Kaman Corp (KAMN) CEO Ian Walsh on Q2 2022 Results - Earnings Call Transcript

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) today reported financial results for the second fiscal quarter ended July 1, 2022. Table 1. Summary of Financial Results (unaudited) Thousands of U.S. dollars (except share data)   Three Months Ended   Six Months Ended     July 1, 2022   April 1, 2022   July 2, 2021   July 1, 2022   July 2, 2021 Net sales   $ 160,766     $ 158,048     $ 182,394     $ 318,814     $ 354,010   Net earnings     4,064       4,028       11,856       8,092

Kaman Reports Second Quarter 2022 Results

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) announced today that it will report its second quarter 2022 results after the stock market closes on Thursday, August 4, 2022, and host a live webcast and conference call at 8:30 am ET on Friday, August 5, 2022. A supplemental presentation relating to the second quarter 2022 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 register f

Kaman Corporation Announces Release Date for Second Quarter 2022 Earnings

BLOOMFIELD, Conn.--(BUSINESS WIRE)-- #EnergyStorage--Kaman Corporation (NYSE: KAMN) announced today that Carroll K. Lane has been appointed a Senior Vice President of Kaman Corporation and President of its Air Vehicles and Precision Products divisions. Mr. Lane joins Kaman from Pratt & Whitney where he was the President of Commercial Engines and led the development, program management, and aftermarket operations of the company's portfolio of large commercial engines. He succeeds Darlene Smith who is retirin

Kaman Appoints Carroll K. Lane President of Its Air Vehicles and Precision Products Divisions

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corporation (NYSE: KAMN) announced today that it has invested $10 million in Pittsburgh, PA based Near Earth Autonomy, Inc. (“Near Earth”), in exchange for a minority interest in the outstanding equity of Near Earth and one seat on its board of directors. The investment by Kaman will allow Near Earth to accelerate its technology to establish an industry standard in autonomous solutions for the next generation of aviation. This partnership also leverages

Kaman Announces $10 Million Investment in Near Earth Autonomy to Accelerate the Deployment of Autonomous Systems

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corporation (NYSE:KAMN) announced today that Niharika Taskar Ramdev has been appointed to its Board of Directors. Ms. Ramdev is a highly qualified finance executive with global work experience in the United States, India, China, and Singapore. “We are extremely pleased to welcome Niharika to our Board of Directors,” said Ian Walsh, Chairman, President and CEO of Kaman. “Her impressive background in finance, operations and supply chain and her global per

Kaman Corporation Appoints New Director

Kaman Corporation (NYSE: KAMN) recently announced it is buying Parker-Hannifin's aircraft wheel & brake division for $440 million. These are the details.

Why Kaman (KAMN) Is Buying Parker-Hannifin's Aircraft Wheel & Brake Division For $440 Million

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corporation (NYSE:KAMN) announced today that it has entered into a definitive agreement with Parker-Hannifin Corporation (“Parker”), under which Kaman will acquire Parker's aircraft wheel & brake division (“Aircraft Wheel & Brake”) for $440 million, subject to a customary working capital adjustment and the receipt of all necessary regulatory approvals (the “Transaction”). Parker is divesting Aircraft Wheel & Brake in order to secure approval

Kaman Corporation Announces Definitive Agreement to Acquire the Parker-Hannifin Aircraft Wheel & Brake Division

Kaman Corp (NYSE:KAMN ) Q1 2022 Earnings Conference Call May 3, 2022 8:30 AM ET Company Participants Kary Bare - Director, IR Ian Walsh - President, CEO & Chairman James Coogan - SVP & CFO Conference Call Participants Steve Barger - KeyBanc Capital Seth Seifman - JPMorgan Chase & Co. Operator Ladies and gentlemen, thank you for standing by, and welcome to the Kaman Corporation Q1 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Kaman Corp (KAMN) CEO Ian Walsh on Q1 2022 Results - Earnings Call Transcript

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) today reported financial results for the first fiscal quarter ended April 1, 2022. Table 1. Summary of Financial Results (unaudited) Thousands of U.S. dollars (except share data)   Three Months Ended     April 1, 2022   December 31, 2021   April 2, 2021 Net sales   $ 158,048     $ 175,147     $ 171,616   Net earnings     4,028       9,169       7,984   Adjusted EBITDA*     12,186       23,591       17,113   Adjusted EBITDA margin*

Kaman Reports First Quarter 2022 Results

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) announced today that it will report its first quarter 2022 results after the stock market closes on Monday, May 2, 2022, and host a live webcast and conference call at 8:30 am ET on Tuesday, May 3 2022. A supplemental presentation relating to the first quarter 2022 results will be posted to the Company's website prior to the earnings call at http://www.kaman.com/investors/quarterly-earnings-calls. The call will be accessible by telepho

Kaman Corporation Announces Release Date for First Quarter 2022 Earnings

BLOOMFIELD, Conn.--(BUSINESS WIRE)--(NYSE:KAMN) Kaman Corporation announced today that its Board of Directors has authorized a new stock repurchase program of up to $50 million. The company intends to purchase shares to limit future dilution from the issuance of shares under its employee stock plans. “This new repurchase authorization combined with our strong dividend reinforces our continued commitment to delivering value to our shareholders,” said Jamie Coogan, Senior Vice President and Chief

Kaman Corporation Announces $50 Million Share Repurchase Program

Lockheed Martin

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Kaman Aerospace Group, Inc., a subsidiary of Kaman Corporation (NYSE: KAMN), announced that its Kaman Aerospace Jacksonville Division located in Jacksonville, Florida (Kaman) has received a follow on award from Sikorsky, a Lockheed Martin company (NYSE: LMT), for the HH-60W Combat Rescue Helicopter (CRH) cockpit. This award secures deliveries of the HH-60W cockpit from 2022 through 2025. Kaman's existing workforce of highly skilled engineers, technicians, as

KAMAN Receives Follow-On Award for the HH-60W Combat Rescue Helicopter (CRH) Cockpit

Kaman Corp. (KAMN) CEO Ian Walsh on Q4 2021 Results - Earnings Call Transcript

Aerojet Rocketdyne Holdings

TransDigm

Poor air travel outlook in the near term may hurt the Aerospace-Defense Equipment stocks, while mergers should benefit. You may keep a tab on TDG, AJRD & KAMN from this industry

3 Defense Equipment Stocks to Watch Amid Poor Air Traffic View

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) today reported financial results for the fourth fiscal quarter and full year ended December 31, 2021.  Table 1. Summary of Financial Results (unaudited) Thousands of U.S. dollars (except share data)   Three Months Ended   Twelve Months Ended     December 31, 2021   October 1, 2021   December 31, 2020   December 31, 2021   December 31, 2020 Net sales   $ 175,147     $ 179,836     $ 185,288     $ 708,993     $ 784,459   Earnings (loss) f

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