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Kaman (KAMN) Announces Next Steps to Optimize Cost Structure and Focus on Highest Growth Opportunities

Kaman (KAMN) Announces Next Steps to Optimize Cost Structure and Focus on Highest Growth Opportunities
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Kaman's 2Q profits, revenue take hit with decline in precision products business

Kaman Corp. on Thursday reduced its 2022 sales outlook after posting second-quarter declines in revenues and profits amid a downturn in its precision products business.

The Bloomfield-based aerospace manufacturer said its second quarter profits totaled $4.1 million, or 14 cents per diluted share, down from $11.9 million, or 42 cents per diluted share, in the year-ago period. 

Total second-quarter revenues were $160.8 million, down about 12% from a year earlier.  ....

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