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Kaman Corp (KAMN.N)

KAMN.N on New York Stock Exchange

57.73USD
21 Nov 2017
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$0.57 (+1.00%)
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Latest Key Developments (Source: Significant Developments)

Kaman reports Q3 earnings per share $0.58
Thursday, 26 Oct 2017 04:15pm EDT 

Oct 26 (Reuters) - Kaman Corp :Kaman reports 2017 third quarter results.Q3 adjusted earnings per share $0.69.Q3 earnings per share $0.58.Q3 earnings per share view $0.62 -- Thomson Reuters I/B/E/S.Kaman Corp qtrly ‍net sales $447 million versus $453.5 million ​.Kaman Corp - ‍now expect our sales outlook at distribution for full year 2017 of $1,080 million to $1,100 million​.Kaman Corp - ‍"we are modestly lowering our expectations for high end of our full year sales range for aerospace​".Kaman Corp - ‍lowering expectation for 2017 capital expenditures to $30.0 million​.Kaman Corp sees ‍sales of $730.0 million to $745.0 million for 2017 in aerospace​.Q3 revenue view $463.0 million -- Thomson Reuters I/B/E/S.  Full Article

Kaman announces restructuring plan
Thursday, 7 Sep 2017 04:15pm EDT 

Sept 7 (Reuters) - Kaman Corp :Kaman announces restructuring plan.Kaman Corp - ‍in U.S., company expects to close its Connecticut composite structures division​.Kaman Corp - ‍restructuring primarily affects aerospace segment's Connecticut composite structures division in Bloomfield Connecticut​.Kaman Corp - ‍transfer its programs to company's composites facility in Wichita, Kansas and to its air vehicles and MRO division in Bloomfield​.Kaman Corp - ‍restructuring primarily affects aerospace segment's fabricated products operations in Hyde, United Kingdom​.Kaman Corp - expects to transfer substantially all of fabricated products production currently taking place at co's Hyde facility to its Darwen facility​.Kaman -expects actions will result in about $8.0 million to $10.0 million in pre-tax restructuring charges, beginning in Q3 of 2017.Kaman Corp - ‍approximately $5.0 million of restructuring charges​ is expected to be recorded in 2017.Kaman - ‍on annualized basis beginning in 2019, co anticipates the restructuring actions will result in total cost savings of approximately $4.0 million​.  Full Article

Kaman Q2 earnings per share $0.48
Monday, 31 Jul 2017 04:16pm EDT 

July 31 (Reuters) - Kaman Corp ::Kaman reports 2017 second quarter results.Q2 earnings per share $0.48.Q2 earnings per share view $0.44 -- Thomson Reuters I/B/E/S.Kaman Corp - ‍maintaining our guidance related to aerospace for full year​.Kaman Corp qtrly revenue $449 million versus $470.6 mln‍​.Kaman - ‍raising outlook for operating margin in range of 5.0 pct to 5.3 pct for 2017​.Kaman sees 2017 distribution sales of $1,100.0 million to $1,125.0 million.Kaman sees 2017 capital expenditures of approximately $35.0 million.Q2 earnings per share view $0.44, revenue view $469.2 million -- Thomson Reuters I/B/E/S.Kaman sees 2017 cash flows from operations in range of $105.0 million to $135.0 million.Kaman sees 2017 free cash flow in range of $70.0 million to $100.0 million.Kaman sees 2017 distribution operating margins of 5.0 pct to 5.3 pct.  Full Article

Kaman signs multi-year IX H-60 cockpit contract with Sikorsky
Monday, 17 Jul 2017 04:15pm EDT 

July 17 (Reuters) - Kaman Corp :Kaman signs multi-year IX H-60 cockpit contract with Sikorsky.Kaman Corp says new agreement extends Sikorsky H-60 relationship to 2022.Kaman - entered into new multi-year contract with Sikorsky, a Lockheed Martin Co, which outlines pricing & conditions for manufacture of H-60 cockpits.Kaman - Under agreement, co to continue manufacturing UH-60m Black Hawk, HH-60M MEDEVAC model cockpits for Sikorsky at co's Jacksonville, Florida, facility.  Full Article

Kaman announces continued convertibility of its 2010 3.25 pct convertible notes due Nov. 2017
Wednesday, 5 Jul 2017 04:30pm EDT 

July 5 (Reuters) - Kaman Corp ::Kaman announces continued convertibility of its 2010 3.25% convertible notes due November 2017.Kaman Corp says its 2010 3.25% convertible senior notes due Nov 2017 will continue to be convertible by holders thereof until close of business on Nov 13.  Full Article

Kaman announces sale of additional convertible notes pursuant to over-allotment option exercise
Thursday, 25 May 2017 04:14pm EDT 

May 25 (Reuters) - Kaman Corp :Kaman corporation announces sale of additional convertible notes pursuant to over-allotment option exercise.Kaman corp - sale of an additional $25 million in aggregate principal amount of its 3.25% convertible senior notes due 2024.Kaman corp - entered into additional capped call transactions with certain of initial purchasers or their respective affiliates.Kaman - interest expense company expects to record in respect of notes will represent cash coupon of 3.25% and accretion of deemed debt discount.Kaman corp - sale of additional notes settled on may 24, 2017.Kaman corp- used a portion of net proceeds from sale of additional notes to enter into additional capped call transactions with option counterparties.Kaman corp - company has issued a total of $200 million aggregate principal amount of notes.Kaman corp- intends to use remainder of net proceeds from sale of additional notes to repay indebtedness under company's existing credit agreement.  Full Article

Kaman Corp announces pricing of offering of $175 mln convertible senior notes due 2024
Monday, 8 May 2017 11:18pm EDT 

May 8 (Reuters) - Kaman Corp :Kaman Corporation announces pricing of offering of $175 million convertible senior notes due 2024.Pricing offering of $175 million aggregate principal amount of 3.25% convertible senior notes due 2024.Kaman - in connection with notes offering, entered into capped call transactions with one or more of initial purchasers or their respective affiliates.Intends to use approximately $17.9 million of net proceeds from this offering to pay cost of capped call transactions.  Full Article

Kaman receives orders for 2 additional K-max Aircraft
Tuesday, 4 Apr 2017 09:18am EDT 

Kaman Corp : Kaman receives orders for two additional k-max® aircraft . Kaman Aerosystems says rotak helicopter services of anchorage, Alaska has placed orders for two k-max helicopters with deliveries expected in 2018 . Kaman Aerosystems - deliveries of new production k-max helicopters are expected to begin this spring .Kaman Aerosystems - delivery of first two k-max helicopters is slated for a customer in China.  Full Article

Kaman increases stake in India JV with Kineco
Thursday, 30 Mar 2017 09:46am EDT 

Kaman Corp : Kaman increases stake in India joint venture with Kineco .Increased its stake in parties' Indian manufacturing joint venture Kineco Kaman Composites India to 49% from 26%.  Full Article

Kaman Q4 adjusted earnings per share $0.56
Tuesday, 28 Feb 2017 04:15pm EST 

Kaman Corp : Kaman reports 2016 fourth quarter and full year results . Kaman Corp sees 2017 sales of $1,100.0 million to $1,150.0 . Q4 adjusted earnings per share $0.56 . Q4 gaap earnings per share $0.53 . Q4 earnings per share view $0.70 -- Thomson Reuters I/B/E/S . Kaman Corp sees 2017 aerospace segment sales of $720.0 million to $760.0 million . Kaman Corp sees 2017 capital expenditures of approximately $35.0 million . Kaman Corp qtrly net sales $ 433 million versus $ 452.3 million .Q4 revenue view $444.8 million -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Kaman reports Q3 earnings per share $0.58

* Q3 earnings per share view $0.62 -- Thomson Reuters I/B/E/S