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Kaman Q4 Profit Up

Kaman Corp. (KAMN) Monday reported fourth-quarter net income of $23.6 million or $0.84 per share, up from $13.8 million or $0.49 per share last year.

Adjusted earnings for the quarter rose to $1.22 per share from $0.86 per share last year.

Net sales for the fourth quarter rose to $500.9 million from $473.9 million last year.

Analysts polled by Thomson Reuters estimate earnings of $0.92 per share on revenues of $483.93 million for the quarter.

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