Kaman Earnings: Everything You Must Know Now

Kaman Corporation (NASDAQ:KAMN) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Kaman Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 8.33% to $0.33 in the quarter versus EPS of $0.36 in the year-earlier quarter.

Revenue: Decreased 0.16% to $388.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Kaman Corporation reported adjusted EPS income of $0.33 per share. By that measure, the company beat the mean analyst estimate of $0.32. It missed the average revenue estimate of $396.61 million.

Quoting Management: Neal J. Keating, Chairman, President and Chief Executive Officer, stated, “While our results for the first quarter were below last year, our performance was slightly ahead of our expectations. Aerospace delivered a solid operating profit margin of 16.0%, better than expected due to program mix. However, Distribution faced a decline in organic sales which resulted in its operating profit contribution coming in below prior year.”

Key Stats (on next page)…

Revenue increased 1.07% from $384.01 million in the previous quarter. EPS decreased 45.9% from $0.61 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.68 to a profit $0.66. For the current year, the average estimate has moved down from a profit of $2.58 to a profit of $2.34 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)