Company profile

Neal J. Keating
Incorporated in
Fiscal year end
IRS number

KAMN stock data



4 Nov 19
7 Dec 19
31 Dec 19


Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 182.67M 174.71M 457.39M 1.36B
Net income 142.78M 13.47M 14.13M 23.58M
Diluted EPS 5.08 0.48 0.5 0.84
Net profit margin 78.16% 7.71% 3.09% 1.73%
Operating income 15.63M 10.58M 23.36M 74.22M
Net change in cash 492.97M -11.34M 2.46M 1.6M
Cash on hand 509.99M 17.02M 28.36M 25.9M
Cost of revenue 121.54M 122.12M 320.6M 964.56M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 1.88B 1.81B 1.81B 1.78B
Net income 54.17M 49.83M 58.85M 60.44M
Diluted EPS 1.92 1.75 2.1 2.17
Net profit margin 2.89% 2.76% 3.25% 3.40%
Operating income 83.06M 111.12M 102.77M 104.52M
Net change in cash -11.01M 0 20.44M 4.05M
Cash on hand 25.9M 36.9M 36.9M 16.46M
Cost of revenue 1.33B 1.26B 1.26B 1.26B

Financial data from Kaman earnings reports

Financial report summary

  • The performance of required transition services may disrupt our continuing businesses, divert our resources and distract our management.
  • Our business following the sale of the Distribution segment is materially different.
  • We have broad discretion in how we use the net proceeds from the sale of the Distribution segment, and we may not use those proceeds effectively.
  • The U.S. Navy contract award for the FMU-139 D/B bomb fuze could jeopardize the continued viability and profitability of the Company's FMU-152 A/B bomb fuze program with the USAF".
Management Discussion
  • During the third quarter of 2019, the Company completed the sale of its Distribution segment to affiliates of Littlejohn & Co., LLC for total cash consideration of $700.0 million, excluding certain working capital adjustments. As a result of the sale, the Distribution segment results met the criteria for the presentation of discontinued operations. The results presented below represent the results of continuing operations, which include the Aerospace segment and our Corporate office. See Note 4, Discontinued Operations, to the Condensed Consolidated Financial Statements for further information on the Company's sale of the Distribution segment.
  • Net sales increased for the three-month fiscal period ended September 27, 2019, as compared to the corresponding period in 2018, primarily due to increases of $17.2 million and $9.0 million in our safe and arm devices and commercial product programs, respectively. Foreign currency exchange rates relative to the U.S. dollar had an unfavorable impact of $1.4 million on net sales for the three-month fiscal period ended September 27, 2019.
  • The increase in sales under our safe and arm devices product programs was primarily attributable to higher direct commercial sales of our JPF to foreign militaries, partially offset by lower sales under our JPF program with the USG and the FMU-139 program.
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