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.

Kaman (KAMN) delivered earnings and revenue surprises of 55.56% and 2.45%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Kaman (KAMN) Surpasses Q2 Earnings and Revenue Estimates

Shares of Kaman (NYSE:KAMN) moved higher in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 55.56% year over year to $0.56, which beat the estimate of $0.36.

Kaman: Q2 Earnings Insights

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) today reported financial results for the second fiscal quarter ended July 2, 2021.                   Table 1. Summary of Financial Results (unaudited)             In thousands except per share amounts For the Three Months Ended       July 2, 2021   July 3, 2020   Change     Net sales from continuing operations $ 182,394     $ 177,890     $ 4,504                       Operating income from continuing operations:               Operating

Kaman Reports 2021 Second Quarter Results

Kaman (KAMN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Kaman (KAMN) Reports Next Week: What You Should Expect

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) announced today that it will report its second quarter 2021 results after the stock market closes on Thursday, August 5, 2021, and host a live webcast and conference call at 8:30 am ET on Friday, August 6, 2021. The call will be accessible by telephone within the U.S. at (844) 473-0975 and from outside the U.S. at (562) 350-0826 (using the Conference I.D.: 1672665) or via the Internet at www.kaman.com. Please go to the website at least

Kaman Corporation Announces Release Date for Second Quarter 2021 Earnings

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corporation (NYSE:KAMN) (the “Company”) today announced the appointment of James Coogan as Senior Vice President and Chief Financial Officer, effective immediately. Mr. Coogan, who served as the Vice President, Investor Relations and Corporate Development of Kaman, will succeed Robert Starr. Mr. Starr will continue to be employed by the Company through July 31, 2021, as Executive Vice President and will work closely with Mr. Coogan and the Kaman leaders

Kaman Announces CFO Transition

Kaman (KAMN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Kaman (KAMN) Upgraded to Buy: Here's What You Should Know

Kaman Corporation (KAMN) CEO Ian Walsh on Q1 2021 Results - Earnings Call Transcript

Kaman (KAMN) delivered earnings and revenue surprises of 52.63% and 2.89%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Kaman (KAMN) Q1 Earnings and Revenues Surpass Estimates

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) today reported financial results for the first fiscal quarter ended April 2, 2021.                   Table 1. Summary of Financial Results (unaudited)             In thousands except per share amounts For the Three Months Ended       April 2, 2021   April 3, 2020   Change                     Net sales from continuing operations $ 171,616     $ 207,322     $ (35,706 )                     Operating income from continuing operations:

Kaman Reports 2021 First Quarter Results

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corporation (NYSE:KAMN) announced today that Kineco Kaman Composites India Private Limited (Kineco Kaman), a joint venture between Goa based Kineco Limited and Kaman Corporation, received the BAE Systems Partner 2 Win Supplier of the Year Award for Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance Systems (C4ISR) for exceptional performance and contributions to supply chain success in 2020 for BAE Systems, Inc.'s

Kineco Kaman Named BAE Systems Gold Supplier and C4ISR Supplier of the Year

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Air Vehicles, a division of Kaman Aerospace Corporation, announced today the first flight of its new unmanned helicopter, the K-MAX TITAN™. The world's first heavy lift unmanned helicopter for the commercial market, K-MAX TITAN™ leads the way in repetitive, heavy lift without the constraints of manned operations. With a focus on enabling safety and operational efficiency, the proprietary K-MAX TITAN™ system will redefine the helicopter external lift mar

Kaman Announces First Flight of Unmanned K-MAX TITAN™

BLOOMFIELD, Conn.--(BUSINESS WIRE)--(NYSE:KAMN) Kaman Corporation (the “Company”) announced today that Neal J. Keating, Chairman of the Board of Directors of Kaman, retired from the Board of Directors at the Company's 2021 Annual Meeting of Stockholders on April 14, 2021, in accordance with the previously announced transition plan. Upon Mr. Keating's retirement, the Board appointed Kaman President and Chief Executive Officer, Ian K. Walsh, as Chairman. Neal Keating has served Kaman Corporation

Kaman Announces Board of Director Changes

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) announced today that it will report its first quarter 2021 results after the stock market closes on Tuesday, May 4, 2021, and host a live webcast and conference call at 8:30 am ET on Wednesday, May 5, 2021. The call will be accessible by telephone within the U.S. at (844) 473-0975 and from outside the U.S. at (562) 350-0826 (using the Conference I.D.: 7396055) or via the Internet at www.kaman.com. Please go to the website at least fift

Kaman Corporation Announces Release Date for First Quarter 2021 Earnings

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kamatics Corporation – Bloomfield, Connecticut, a Kaman business (NYSE:KAMN), is in the final stages of introducing a KAflex® drive shaft Supplemental Type Certificate (STC) for the Bell models 212/412/SP helicopters. Developed in close coordination with Bell and designed to achieve very low operating costs, this drive shaft has no moving parts, requires no maintenance and can be rebuilt after 5,000 hours of operation. Daily pre-flight visual inspections and

Kamatics reduces operating costs and increases reliability on the Bell 212/412 helicopter with its new KAflex drive shaft

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Composites – Wichita, Inc., a division of Kaman Corporation (NYSE:KAMN), announced today that it has been awarded a contract by Boeing to manufacture the refueling boom assembly for the MH-47 program. The MH-47 is an inflight refuelable version of the CH-47 Chinook helicopter. The boom assemblies will support MH-47 new-build production, as well as MH-47 Block II ReNew modifications. “Kaman has a long-standing partnership with Boeing and we are pleased t

Kaman Composites Wichita Announces Contract With Boeing

Kaman Corporation (KAMN) CEO Ian Walsh on Q4 2020 Results - Earnings Call Transcript

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) today reported financial results for the fourth fiscal quarter and full year ended December 31, 2020.                   Table 1. Summary of Financial Results (unaudited)             In thousands except per share amounts For the Three Months Ended       December 31, 2020   December 31, 2019   Change                     Net sales from continuing operations $ 185,288     $ 237,792     $ (52,504 )                     Operating income from

Kaman Reports 2020 Fourth Quarter and Full Year Results

Earnings Preview: Kaman (KAMN) Q4 Earnings Expected to Decline

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) announced today that it will report its fourth quarter 2020 results after the stock market closes on Thursday, February 25, 2021, and host a live webcast and conference call at 8:30 am ET on Friday, February 26, 2021. In addition, a supplemental presentation relating to the fourth quarter and full year 2020 results will be posted to the Company's website prior to the earnings call at http://www.kaman.com/investors/presentations. The ca

Kaman Corporation Announces Release Date for Fourth Quarter 2020 Earnings

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Air Vehicles, a division of Kaman Corporation (NYSE:KAMN), announced today the receipt of a signed purchase agreement for a K-MAX® medium-to-heavy lift helicopter. Delivery of this aircraft is expected in the first quarter of 2021 and follows the delivery of two aircraft in the fourth quarter of 2020. We continue to see demand and interest in the capabilities of the K-MAX® across multiple markets. “We are excited for the opportunity to deliver our third

Kaman Announces New Order for the K-MAX® Helicopter

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BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Air Vehicles, a division of Kaman Corporation (NYSE: KAMN), today announced that the Agencia Nacional de Aviação Civil (ANAC) in Brazil has issued the Type Certificate for the Kaman K-1200 K-MAX® helicopter. Kaman has been marketing the K-MAX® helicopter to various Brazilian operators, power line, oil and gas firms, and engineering companies over the past two years, and this certification clears the path for K-MAX® operations in Brazil. “The K-MAX® is i

Kaman K-1200 K-MAX Helicopter Achieves Brazil Type Certification

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) today announced that Kristen M. Samson, has been named the Company's Chief Marketing Officer, effective January 18, 2021. Mrs. Samson joins Kaman from Textron Inc. where she served as the Vice President of Marketing and Communications for Textron Systems. Also, while at Textron, she served as the Vice President of Marketing and Communications for TRU Simulation + Training and as the Vice President of Marketing and Product Management at

Kaman Names Kristen M. Samson Chief Marketing Officer

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) today announced that Russell J. Bartlett has been named the Company's Chief Operating Officer, effective January 4, 2021. Prior to joining Kaman Mr. Bartlett served as President and Chief Executive Officer of Textron Airborne Solutions, a division of Textron Inc. Before that, he held increasing positions of responsibility at Beechcraft Corporation ending his time as the President of Beechcraft Defense Company. Before joining Beechcraft

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