Posted May 7, 2018

Kaman posts sales gain of 4.5 percent

Kaman Industrial Technologies posted first-quarter sales of $283.9 million, a 4.5 percent increase from $271.6 million in the same quarter last year.

Operating income for the distribution segment of Kaman Corporation was $11.8 million, a 3.7 percent improvement from $11.4 last year.

Total net sales for Kaman Corporation for the quarter were $463.3 million, a 6.3 percent increase from $435.9 million in last year's first quarter.

"As we normally experience, certain employee related costs disproportionately impacted Distribution's first quarter results. In addition, we incurred costs associated with the onboarding of several new national accounts and we expect the benefit from these new customers to ramp up over the next three quarters. We will continue to focus on balancing sales growth and operating margin expansion to drive improvement throughout the year," said Neal J. Keating, chairman, president and chief executive officer.