Kaman Reports 2018 Fourth Quarter Results
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Kaman (KAMN) Tops Q4 EPS by 30c, Revenues Beat; Offers FY19 Revenue Guidance Below Consensus
February 25, 2019 4:39 PM ESTKaman (NYSE: KAMN) reported Q4 EPS of $1.22, $0.30 better than the analyst estimate of $0.92. Revenue for the quarter came in at $500.91 million versus the consensus estimate of $483.93 million.
Diluted earnings per share of $0.84, or $1.22 adjusted*Year-to-date operating cash flow of $162.4 million; Free Cash Flow* of $132.5 millionConsolidated backlog of $986.1 million, a 32.9% increase over 2017Distribution sales up 6.5% to $280.1 million; Operating margin of 4.1%Aerospace sales up 4.7% to $220.9 million; Operating margin of 18.9%, or 20.7% adjusted*Neal J. Keating, Chairman, President and Chief Executive Officer, commented, We ended 2018 with strong top line... More
