Kaman sales up 14%
Kaman Industrial Technologies reported 2011 sales were a record $950.8 million, a 14% increase over 2010.
Operating income for the full year 2011 was $48.1 million, an increase of 59.1% over $30.3 million in 2010.
Fourth-quarter sales increased 6.7% to $233.4 million compared to $218.7 million a year ago. Acquisitions contributed $4.9 million in sales in the quarter. Operating income for the quarter was $11.1 million, a 20.7% increase from $9.2 million in the fourth quarter of 2010.
"Sales for the fourth quarter of 2011 reflect continued positive market conditions. Market strength was broad based across most geographies, customers and end markets," according to a company statement. Operating margin was higher on a year-over-year basis as a result of the higher sales volume, improved productivity resulting from IT investments and organizational realignment, continued gross margin improvement, and lower pension expense.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
