Kaman: 4Q Earnings Snapshot
BLOOMFIELD, Conn. (AP) _ Kaman Corp. (KAMN) on Thursday reported a fourth-quarter loss of $31.4 million, after reporting a profit in the same period a year earlier.
The Bloomfield, Connecticut-based company said it had a loss of $1.13 per share. Earnings, adjusted for non-recurring costs, came to 41 cents per share.
The industrial distribution aircraft components company posted revenue of $185.3 million in the period.
For the year, the company reported a loss of $69.7 million, or $2.52 per share, swinging to a loss in the period. Revenue was reported as $784.5 million.
Kaman expects full-year earnings in the range of $1.55 to $1.87 per share, with revenue in the range of $725 million to $745 million.
Kaman shares have dropped 2% since the beginning of the year. The stock has fallen 1% in the last 12 months.