Company profile

Ticker
KAMN
Exchange
Website
CEO
Neal J. Keating
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
60613548

KAMN stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

24 Feb 20
5 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 237.79M 182.67M 174.71M 457.39M
Net income 39.46M 142.78M 13.47M 14.13M
Diluted EPS 1.41 5.08 0.48 0.5
Net profit margin 16.60% 78.16% 7.71% 3.09%
Operating income 14.84M 15.63M 10.58M 23.36M
Net change in cash -38.45M 492.97M -11.34M 2.46M
Cash on hand 471.54M 509.99M 17.02M 28.36M
Cost of revenue 165.23M 121.54M 122.12M 320.6M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 761.61M 735.99M 724.94M 1.81B
Net income 209.83M 54.17M 49.83M 58.85M
Diluted EPS 7.47 1.92 1.75 2.1
Net profit margin 27.55% 7.36% 6.87% 3.25%
Operating income 53.41M 32.96M 61.72M 102.77M
Net change in cash 445.65M -9.34M -1.67M 20.44M
Cash on hand 471.54M 25.9M 35.24M 36.9M
Cost of revenue 520.8M 508.68M 490.92M 1.26B

Financial data from Kaman earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
2 Mar 20 James Gordon Coogan Kaman Common Stock Payment of exercise Dispose F 0 246 0 4,576.292
2 Mar 20 Neal J Keating Kaman Common Stock Buy Aquire P 54.88 1,650 90.55K 213,005.726
2 Mar 20 Neal J Keating Kaman Common Stock Buy Aquire P 54.8 100 5.48K 211,355.726
17 Feb 20 James Gordon Coogan Kaman Common Stock Grant Aquire A 0 700 0 4,822.292
17 Feb 20 James Gordon Coogan Stock Options Kaman Common Stock Grant Aquire A 64.48 4,235 273.07K 4,235
5 Feb 20 Robert D. Starr Kaman Common Stock Payment of exercise Dispose F 64.4 3,764 242.4K 27,120.05
5 Feb 20 Robert D. Starr Kaman Common Stock Option exercise Aquire M 26.07 6,310 164.5K 30,884.05
5 Feb 20 Robert D. Starr Stock Options Kaman Common Stock Option exercise Dispose M 26.07 6,310 164.5K 0
91.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 205 186 +10.2%
Opened positions 40 26 +53.8%
Closed positions 21 22 -4.5%
Increased positions 54 55 -1.8%
Reduced positions 74 60 +23.3%
13F shares
Current Prev Q Change
Total value 5.36B 5B +7.2%
Total shares 25.65M 25.29M +1.4%
Total puts 8.5K 3.5K +142.9%
Total calls 615.5K 612.9K +0.4%
Total put/call ratio 0.0 0.0 +141.8%
Largest owners
Shares Value Change
BLK BlackRock 4.25M $279.88M +2.4%
Vanguard 2.93M $193.38M +2.5%
GBL Gamco Investors, Inc. Et Al 2.49M $164.33M -1.6%
Dimensional Fund Advisors 1.34M $88.56M -2.7%
Gabelli Funds 1.08M $71.03M -5.3%
STT State Street 874.16K $57.78M +3.6%
FMR 824.06K $54.32M -4.0%
GS Goldman Sachs 824.05K $54.32M -12.3%
Cardinal Capital Management 756.38K $49.86M +0.3%
Cramer Rosenthal MCGLYNN 620.31K $40.89M NEW
Largest transactions
Shares Bought/sold Change
Cramer Rosenthal MCGLYNN 620.31K +620.31K NEW
Norges Bank 298.17K +298.17K NEW
Russell Investments 564.16K -291.77K -34.1%
Levin Easterly Partners 75.67K -232.15K -75.4%
Millennium Management 21.47K -177.03K -89.2%
JPM JPMorgan Chase & Co. 482.82K +174.52K +56.6%
Loomis Sayles & Co L P 162.28K +162.28K NEW
Intrinsic Edge Capital Management 0 -124.79K EXIT
GS Goldman Sachs 824.05K -115.77K -12.3%
BLK BlackRock 4.25M +99.55K +2.4%

Financial report summary

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Risks
  • RISKS RELATED TO OUR BUSINESS
  • Our future operating results will be impacted by changes in global economic and political conditions.
  • We are subject to litigation, tax, environmental and other legal compliance risks that could adversely affect our operating results.
  • Our foreign operations require us to comply with a number of United States and international laws and regulations, violations of which could have a material adverse effect on our business, financial condition, results of operations and cash flows.
  • Exports of certain of our products are subject to various export control regulations and authorizations, and we may not be successful in obtaining the necessary U.S. Government approvals and resultant export licenses for proposed sales to certain foreign customers.
  • Additional tax exposure and tax law changes could have a material effect on our financial results.
  • Tariffs on certain imports to the United States and other potential changes to U.S. tariff and import/export regulations may have a negative effect on global economic conditions and our business, financial results and financial condition.
  • The value of our deferred tax assets could become impaired, which could materially and adversely affect our operating results.
  • Economic conditions and regulatory changes following the United Kingdom’s ("UK") exit from the European Union ("EU") could have a material adverse effect on our business, financial condition and results of operations.
  • Our foreign operations present additional risks and uncertainties which could have a material adverse effect on our business, financial condition, results of operations and cash flows.
  • We could be negatively impacted by the loss of key suppliers, the consolidation of suppliers, the lack of product availability or changes in supplier programs.
  • We depend on our intellectual property, and have access to certain intellectual property and information of our customers and suppliers and any infringement or failure to protect such intellectual property could have a material adverse effect on our business, financial condition results of operations and cash flows.
  • Our financial results of operations could be adversely affected by impairment of our goodwill or other intangible assets.
  • A failure to maintain effective internal controls could adversely affect our ability to accurately report our financial results or prevent fraud.
  • The adoption of new accounting guidance or changes in the interpretations of existing guidance could affect our financial results.
  • Our failure to comply with the covenants contained in our credit facility could trigger an event of default, which could materially and adversely affect our operating results and our financial condition.
  • Changes affecting the availability of the London Interbank Offered Rate (“LIBOR”) could affect our financial results.
  • Business disruptions could seriously affect our sales and financial condition or increase our costs and expenses.
  • Our insurance coverage may be inadequate to cover all significant risk exposures.
  • Cybersecurity requirements, vulnerabilities, threats and more sophisticated and targeted computer crime could pose a risk to our systems, networks, products and data.
  • Our information technology systems, processes and sites may suffer interruptions or failures which may affect our ability to conduct our business.
  • We rely on the experience and expertise of our skilled employees, and must continue to attract and retain qualified technical, marketing and managerial personnel in order to succeed.
  • The freezing of our defined benefit pension plan could trigger a material curtailment adjustment in favor of the USG.
  • Our business could be impacted as a result of actions by activist shareholders or others.
  • Our revenue, cash flows and quarterly results may fluctuate, which could adversely affect our stock price.
  • RISKS RELATED TO THE INDUSTRIES IN WHICH WE OPERATE, OUR PROGRAMS AND OUR CONTRACTS
  • Our financial performance is significantly influenced by conditions within the aerospace and defense industries.
  • Our USG programs are subject to unique risks.
  • Our business may be adversely affected by changes in budgetary priorities of the USG.
  • The ability to obtain and retain product approvals issued by the Federal Aviation Administration ("FAA") and any intellectual property claims could adversely affect our operating results and profits.
  • Competition from domestic and foreign manufacturers may result in the loss of potential contracts and opportunities.
  • The cost and effort to start up new programs and introduce new products and technologies could negatively impact our operating results and profits.
  • Estimates of future costs for long-term contracts impact our current and future operating results and profits.
  • We may lose money or generate lower than expected profits on our fixed-price contracts.
  • We face significant pressure to lower our pricing notwithstanding our own internal costs.
  • We may not realize all of the sales expected from our existing backlog or anticipated orders.
  • 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 U.S. Air Force ("USAF").
  • We may make acquisitions or investments in new businesses, products or technologies that involve additional risks, which could disrupt our business or harm our financial condition or results of operations.
  • Our business following the sale of our Distribution business is materially different.
  • The performance of required transition services may disrupt our continuing businesses, divert our resources and distract our management.
  • We have broad discretion in how we use the net proceeds from the sale of our former Distribution business, and we may not use those proceeds effectively.
  • We may be unable to realize expected benefits from our sales initiatives and cost reduction and restructuring efforts and our profitability may be hurt or business otherwise might be adversely affected.
  • FORWARD-LOOKING STATEMENTS
Management Discussion
  • Net cash provided by operating activities decreased in 2019 compared to 2018. This change was primarily due to the absence of advance payments received under a JPF DCS contract in the prior period and work performed on the JPF DCS program and K-MAX® program in the current period, partially offset by the absence of $30.0 million in contributions made to the pension plan in the prior period and higher net earnings.
  • Net cash provided by investing activities was $628.3 million in 2019, compared to net cash used by investing activities of $22.5 million in 2018. This change was primarily attributable to the proceeds received from the sale of the Distribution business in the current period.
  • Net cash used in financing activities increased in 2019 compared to 2018, primarily due to higher net repayments of our credit facility and an increase in purchases of treasury shares, partially offset by higher proceeds from the exercise of employee stock awards.
Content analysis ?
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Constraining
Legalese
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