Last $40.66 USD
Change Today +0.05 / 0.12%
Volume 35.7K
KAMN On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

kaman corp (KAMN) Snapshot

Open
$40.61
Previous Close
$40.61
Day High
$40.82
Day Low
$40.00
52 Week High
06/9/14 - $44.60
52 Week Low
09/3/13 - $34.87
Market Cap
1.1B
Average Volume 10 Days
48.6K
EPS TTM
$2.53
Shares Outstanding
27.1M
EX-Date
09/12/14
P/E TM
16.1x
Dividend
$0.64
Dividend Yield
1.57%
Current Stock Chart for KAMAN CORP (KAMN)

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kaman corp (KAMN) Details

Kaman Corporation operates in the aerospace and industrial distribution markets. The company operates through two segments, Distribution and Aerospace. The Distribution segment distributes power transmission/motion control industrial products, including bearings, mechanical and electrical power transmission, fluid power, motion control, automation, materials handling components, electrical control and power distribution, and MRO supplies, as well as provides value-added services. This segment offers its products through approximately 200 branches, distribution centers, and call centers in the United States, including Puerto Rico, and Mexico. The Aerospace segment produces and/or markets proprietary aircraft bearings and components; and complex metallic and composite aerostructures for commercial, military, and general aviation fixed and rotary wing aircraft. This segment also provides safe and arming solutions for missile and bomb systems for the U.S. and allied militaries; support for its maritime helicopters, and manned and unmanned medium-to-heavy lift helicopters; and engineering design, analysis, and certification services, as well as subcontracts helicopter work. Kaman Corporation also operates in North America, Europe, the Middle East, Asia, Oceania, and internationally. The company was founded in 1945 and is headquartered in Bloomfield, Connecticut.

kaman corp (KAMN) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $875.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $291.6K
Executive Vice President and President of Kam...
Total Annual Compensation: $350.2K
Executive Vice President
Total Annual Compensation: $416.2K
Chief Information Officer, Senior Vice Presid...
Total Annual Compensation: $355.1K
Compensation as of Fiscal Year 2013.

kaman corp (KAMN) Key Developments

Kaman Corporation Declares Quarterly Dividend, Payable on October 2, 2014

The Kaman Corporation's board of directors declared a regular quarterly dividend of 16 cents per common share. The dividend will be paid on October 2, 2014 to shareholders of record on September 16, 201 4.

Kaman Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 27, 2014; Revised Earnings Guidance for 2014

Kaman Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 27, 2014. For the quarter, the company reported net sales of $459.089 million against $431.725 million a year ago. Operating income was $27.687 million against $31.017 million a year ago. Adjusted EBITDA was $36.544 million against $38.909 million a year ago. Earnings from continuing operations were $16.194 million or $0.59 per diluted share against $17.892 million or $0.67 per diluted share a year ago. Net earnings were $16.573 million or $0.60 per diluted share against $17.892 million or $0.67 per diluted share a year ago. For the six months, the company reported net sales of $873.021 million against $819.800 million a year ago. Operating income was $48.676 million against $44.784 million a year ago. Adjusted EBITDA was $36.544 million against $38.909 million a year ago. Earnings from continuing operations were $27.651 million or $1.00 per diluted share against $25.046 million or $0.93 per diluted share a year ago. Net earnings were $28.030 million or $1.01 per diluted share against $25.046 million or $0.93 per diluted share a year ago. Net cash provided by operating activities was $12.142 million against net cash used in operating activities of $13.407 million a year ago. Expenditures for property, plant & equipment was $18.058 million against $21.267 million a year ago. The company is raising the low end of the sales and operating income range for Distribution from $1,180 million to $1,190 million and 4.7% to 4.8%, respectively. At Aerospace, the company is maintaining its sales expectations for the year; however, the company has lowered the top end of its range for operating income from 17.0% to 16.7%. The reduction in the range is due to a shift in the anticipated product mix for the year. Finally, the company has increased its free cash flow expectations for the year, largely reflecting lower than expected capital expenditures. The company expects interest expense of approximately $13.5 million, corporate expenses of approximately $52 million, estimated annualized tax rate of approximately 35%, depreciation and amortization expense of approximately $38 million, capital expenditures of $30 million to $35 million and free cash flow in the range of $50 million to $55 million.

Kaman Corporation Announces $5.4 Million Joint Programmable Fuze Order

Kaman Corporation announced that its Aerospace segment has been awarded a contract modification in the amount of $5.4 million for the procurement of Joint Programmable Fuzes (JPF). The award is a follow-on order raising the cumulative quantity under Option 11 of Kaman's JPF contract with the U.S. Air Force (USAF) to more than 15,000 fuzes. Delivery of fuzes under Option 11 is anticipated to occur in 2015 and 2016. In addition to the USAF, Kaman provides the JPF to twenty-six other nations. The JPF allows the settings of a weapon to be programmed on wing in flight and is the current bomb fuze of choice of the USAF. The JPF is used with a number of weapons including general purpose bombs, and guided bombs that use JDAM or Paveway kits, on U.S. aircraft such as F-15, F-16, F-22, A-10, B-1, B-2, B-52 and the MQ-9 UAV as well as on international aircraft such as Mirage 3 and Gripen. Kaman produces the JPF at facilities in Orlando, Florida and Middletown, Connecticut.

 

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