Kaman reports Q3 adjusted EPS 46c, consensus 33c
Reports Q3 revenue $182.67M, consensus $177.23M. Neal J. Keating, Chairman, President and Chief Executive Officer, commented, "We executed well in the third quarter delivering a significant increase in sales over the prior year period, generating a $0.70 increase in diluted earnings per share from continuing operations, or more than a 200% increase in adjusted earnings per diluted share. Since we announced the closing of the sale of Distribution in late August, we have been focused on setting the foundation for our next stage of growth. A key step in this process is accelerating our M&A program to deploy available capital with a focus on companies that combine innovative engineering capabilities and world class manufacturing, while extending our reach into new growth markets."