Kaman Reports 2019 Third Quarter Results
Kaman Corporation (KAMN)
Last kaman corporation earnings: 2/24 04:30 pm
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Source: Business Wire
Third Quarter Highlights:Completed Sale of the Distribution segment for $700 million in cashNet sales from continuing operations up 16% to $183.0 million versus prior yearAerospace GAAP operating margin increased to 18.7% from 4.6% in the prior year; Adjusted operating margin* increased 570 basis points compared to the prior year periodEarnings from continuing operations increased $19.6 million; Adjusted EBITDA* increased $9.7 million for an Adjusted EBITDA margin* of 14.7%, up 380 basis points over the prior yearDiluted earnings per share from continuing operations increased $0.70 to $0.36 BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) today reported financial results for the third fiscal quarter ended September 27, 2019. During the third quarter, the Company completed the sale of its Distribution segment for $700 million in cash, excluding certain working capital adjustments. The Distribution segment results are reported as discontinued operations for all periods pre
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