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MarketScreener Homepage  >  Equities  >  Nyse  >  Kaman Corporation    KAMN

KAMAN CORPORATION (KAMN)
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Real-time Quote. Real-time Cboe BZX - 09/25 10:00:00 pm
67.09 USD   +0.61%
09/20KAMAN : Announces $48.6 Million Joint Programmable Fuze Order
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08/29KAMAN : G.research Aerospace & Defense Conference
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Kaman Corporation : Kaman Announces Sale of Canadian Branches

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01/04/2013 | 10:05pm CEST

Kaman Industrial Technologies Corporation (KIT) today announced that it has sold its seven Canadian branches to Wajax Industrial Components, a leading Canadian national industrial distributor.

"We are pleased that we were able to find a good home for our Canadian employees with the Wajax organization. We were sub-scale in Canada with limited opportunities to grow through acquisition. We have worked with Wajax in the past and we look forward to strengthening that relationship in the future," stated Steve Smidler, President of KIT.

The operations divested by KIT had 2012 sales of approximately $20 million (U.S. Dollars). Terms of the transaction were not disclosed.

About Kaman

Kaman Industrial Technologies Corporation is one of two operating Segments of Kaman Corporation (NYSE: KAMN). KIT is a distributor and service provider to North American industry from more than 230 locations and 5 distribution centers in three business platforms; Electrical and Automation Control, MRO-Bearings and Power Transmission, and Fluid Power. The company provides a commitment of technological leadership and value-added services to industry. KIT's core business lies in the supply and application of standard components, in addition to offering customers single-source responsibility and accountability for each product line. Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut also conducts business in the aerospace market. More information is available at www.kaman.com.

About Wajax

Wajax Industrial Components is a wholly owned division of Wajax Corporation, a leading industrial distributor. Wajax is a Canadian business which has been in operation for 154 years. Its common shares are listed and traded on the Toronto Stock Exchange under the symbol "WJX". Wajax Industrial Components now operates a total of 65 branches in Canada, employing more than 750 people, and represents such market-leading brands as SKF, Schaeffler Canada, Timken, Renold, Emerson Power Transmission, Martin Sprocket, Rexnord, Eaton, Parker Hannifin, Moyno, Cuno and Honeywell. Globally sourced commodity products are available under the National and Hy-Spec private label brand names. Wajax Industrial Components also operates 13 certified service and repair centers strategically located across Canada. Specialized engineers and technicians deliver value-added services such as design and fabrication, equipment selection, failure analysis, on-site support and reverse engineering. Clients come from sectors as diverse as mining and aggregates, oil and gas, primary metals, forestry, utilities, and construction, to name a few. More information is available at www.wajaxindustrial.com.

Kaman Corporation
Eric Remington, 860-243-6334
VP, Investor Relations
eric.remington@kaman.com


© Business Wire 2013
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Latest news on KAMAN CORPORATION
09/20KAMAN : Announces $48.6 Million Joint Programmable Fuze Order
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09/17KAMAN CORPORATION : Ex-dividend day for
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News from SeekingAlpha
09/20Kaman announces $48.6M Joint Programmable Fuze order 
08/11Kaman Corp (KAMN) CEO Neal Keating on Q2 2018 Results - Earnings Call Transcr.. 
08/08Kaman misses by $0.08, misses on revenue 
08/07Kaman declares $0.20 dividend 
08/07Notable earnings after Wednesday?s close 
Financials ($)
Sales 2018 1 914 M
EBIT 2018 123 M
Net income 2018 85,8 M
Debt 2018 357 M
Yield 2018 1,08%
P/E ratio 2018 22,04
P/E ratio 2019 18,65
EV / Sales 2018 1,16x
EV / Sales 2019 1,08x
Capitalization 1 867 M
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 6
Average target price 74,0 $
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Neal J. Keating Chairman, President & Chief Executive Officer
Robert Daniel Starr Chief Financial Officer & Executive Vice President
Paul M. Villani Chief Information Officer & Senior Vice President
Richard J. Swift Independent Director
Brian E. Barents Independent Director
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