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Last $41.24 USD
Change Today -0.79 / -1.88%
Volume 66.8K
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

kaman corp (KAMN) Key Developments

Kaman Corporation Announces $58 Million Joint Programmable Fuze Order

Kaman Corporation announced that its Aerospace segment has been awarded a contract modification in the amount of $58 million for the procurement of Joint Programmable Fuzes (JPF). The award is the first order under Option 12 of Kaman's JPF contract with the U.S. Air Force (USAF). Delivery of the fuzes is anticipated to occur in 2016 and 2017.

Kaman's Aerosystems Secures Long Term Agreement by Bell Helicopter for Military Rotor Blade Components

Kaman announced that its Aerospace division has been awarded an extension to its current contract with Bell Helicopter to manufacture skin and skin to core components for the Bell UH-1Y and AH-1Z helicopters. The five-year follow on contract has an expected value in excess of $25 million. The components will continue to be manufactured at the Kaman Composite Structures facility in Bloomfield, Connecticut.

Kaman Corporation, Annual General Meeting, Apr 15, 2015

Kaman Corporation, Annual General Meeting, Apr 15, 2015., at 09:00 US Eastern Standard Time. Location: 1332 Blue Hills Avenue. Agenda: To elect three class 1 directors to serve for terms of three years each and until their successors are duly elected and qualify; to approve, on an advisory basis, the compensation of the company's named executive officers; to ratify the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm; and to transact such other business as may properly come before the meeting.

Kaman Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Kaman Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $477,931,000 compared to $431,040,000 for the same period a year ago. Operating income was $33,244,000 compared to $25,365,000 for the same period a year ago. Earnings from continuing operations before income taxes were $29,721,000 compared to $22,188,000 for the same period a year ago. Earnings from continuing operations were $21,330,000 or $0.77 per diluted share compared to $13,507,000 or $0.49 per diluted share for the same period a year ago. Net earnings were to $15,063,000 or $0.54 per diluted share compared to $12,875,000 or $0.47 per diluted share for the same period a year ago. Non-GAAP adjusted net earnings from continuing operations were $21,285,000 or $0.76 per diluted share compared to $15,578,000 or $0.57 per diluted share for the same period a year ago. Non-GAAP adjusted operating income was of $14,295,000 compared to $11,452,000 for the same period a year ago. For the year, the company reported net sales of $1,794,962,000 compared to $1,653,921,000 for the same period a year ago. Operating income was $110,507,000 compared to $103,346,000 for the same period a year ago. Earnings from continuing operations were $96,502,000 compared to $90,654,000 for the same period a year ago. Earnings from continuing operations before income taxes were $96,502,000 compared to $90,654,000 for the same period a year ago. Earnings from continuing operations were $65,780,000 or $2.37 per diluted share compared to $59,066,000 or $2.17 per diluted share for the same period a year ago. Net earnings were to $57,872,000 or $2.08 per diluted share compared to $57,100,000 or $2.10 per diluted share for the same period a year ago. Non-GAAP adjusted net earnings from continuing operations were $67,646,000 or $2.43 per diluted share compared to $61,137,000 or $2.25 per diluted share for the same period a year ago. Non-GAAP adjusted operating income was of $57,315,000 compared to $46,206,000 for the same period a year ago. Net cash provided by operating activities of continuing operations was $109,089,000 compared to $64,840,000 for the same period a year ago. Expenditures for property, plant & equipment was $28,283,000 compared to $40,852,000 for the same period a year ago. For the year 2015, the company expected net cash provided by operating activities range of $105.0 million to $130.0 million, expenditures for property, plant and equipment of $30 million to $40 million and free cash flow in the range of $75 million to $90 million. The company expects to see pretax income growth in 2015 in excess of 16% at the midpoint of various outlook ranges. A return to higher effective tax rate in 2015 will result in lower earnings per share growth, relative to the growth the company expects in pretax income. Similar to 2014, the company anticipates quarterly earnings to increase sequentially throughout the year with approximately 60% to 65% of full year earnings in the second half. This reflects expectations for incremental improvement largely driven by the expected timing of Aerospace program revenues and improved performance at Distribution. The company anticipates 2015 full year tax rate to be approximately 34%, as many of the discrete items impacting rate in 2014 are unlikely to recur.

Kaman Corporation Announces Quarterly Dividend, Payable on April 7, 2015

Kaman Corporation announced that its board of directors voted to increase the quarterly dividend on the company's common shares 12.5% to 18 cents per share. The increased dividend will be paid on April 7, 2015 to shareholders of record on March 17, 2015.

 

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KAMN

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Valuation KAMN Industry Range
Price/Earnings 17.4x
Price/Sales 0.6x
Price/Book 2.2x
Price/Cash Flow 19.3x
TEV/Sales 0.5x
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