Posted July 31, 2017

Kaman Industrial Technologies sales decline 2.6 percent

Kaman Corp. reported second-quarter sales for Kaman Industrial Technologies were $278.7 million, a 2.6 percent decline from $286.1 million in the same period last year.

Operating income for the distribution arm of Kaman Corp. of $15.9 million compared to $13.8 million in last year's second quarter.

"At Distribution, operating margins for the second quarter were 5.7%, a 90 basis point improvement over the prior year and a 140 basis point improvement over the first quarter of 2017. As we have highlighted in recent quarters, we have taken steps to significantly strengthen Distribution's ability to drive improved performance. The success of these actions is reflected in the results for second quarter," said Neal J. Keating, chairman, president and chief executive officer for Kaman Corp.