U.S. Markets close in 3 hrs 2 mins

Kaman posts 4Q profit

BLOOMFIELD, Conn. (AP) _ Kaman Corp. (KAMN) on Tuesday reported fourth-quarter net income of $15.1 million.

The Bloomfield, Connecticut-based company said it had profit of 53 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, were 56 cents per share.

The industrial distribution aircraft components company posted revenue of $433.1 million in the period.

For the year, the company reported profit of $58.9 million, or $2.10 per share. Revenue was reported as $1.81 billion.

Kaman shares have increased roughly 6 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $51.77, a climb of 18 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KAMN at https://www.zacks.com/ap/KAMN


Keywords: Kaman, Earnings Report