Last $41.57 USD
Change Today +0.23 / 0.56%
Volume 122.9K
As of 8:04 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

kaman corp (KAMN) Snapshot

Open
$41.30
Previous Close
$41.34
Day High
$41.79
Day Low
$41.11
52 Week High
06/9/14 - $44.60
52 Week Low
12/16/14 - $37.43
Market Cap
1.1B
Average Volume 10 Days
117.5K
EPS TTM
$2.34
Shares Outstanding
27.1M
EX-Date
03/13/15
P/E TM
17.8x
Dividend
$0.72
Dividend Yield
1.54%
Current Stock Chart for KAMAN CORP (KAMN)

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kaman corp (KAMN) Details

Kaman Corporation operates in the aerospace and distribution markets. Its Distribution segment distributes power transmission, motion control, electrical and automation, and fluid power products, including bearings, mechanical and electrical power transmission, fluid power, motion control, automation, material handling components, electrical control and power distribution, and MRO supplies, as well as provides value-added services. The company's Aerospace segment produces and/or markets aircraft bearings and components; and metallic and composite aero structures 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. The company also provides engineering, design, and support for automation, electrical, linear, hydraulic, and pneumatic systems, as well as belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis, and motor management. Kaman Corporation operates in North America, Europe, the Middle East, Asia, Oceania, and internationally. The company was founded in 1945 and is headquartered in Bloomfield, Connecticut.

4,797 Employees
Last Reported Date: 02/23/15
Founded in 1945

kaman corp (KAMN) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $915.8K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $380.5K
Executive Vice President and President of Kam...
Total Annual Compensation: $429.7K
Executive Vice President and President of Kam...
Total Annual Compensation: $359.7K
Chief Information Officer, Senior Vice Presid...
Total Annual Compensation: $362.4K
Compensation as of Fiscal Year 2014.

kaman corp (KAMN) Key Developments

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.

Kaman Corporation wins 777/767 Fixed Trailing Edge Kits LTA from Boeing

Kaman Corporation announced that its Aerosystems division (Kaman) has been awarded a multi-year contract for the production of fixed trailing edge (FTE) kits and assemblies for the 777 and 767 commercial programs. The award from Boeing Commercial Airplanes (Boeing) is a continuation of the work Kaman has performed for Boeing since the launch of the 767 program almost thirty years ago.

 

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Industry Analysis

KAMN

Industry Average

Valuation KAMN Industry Range
Price/Earnings 17.5x
Price/Sales 0.6x
Price/Book 2.2x
Price/Cash Flow 19.4x
TEV/Sales 0.5x
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