Kaman Corp. (NYSE:KAMN) today reported financial results for the second quarter ended June 29, 2012.
Table 1. Summary of Financial Results
In thousands except per share amounts
For the three months ended
June 29, 2012
July 1, 2011
|Net gain (loss) on sale of assets||8||(34||)||42|
|Diluted earnings per share||$||0.62||$||0.53||$||0.09|
Neal J. Keating, Chairman, President and Chief Executive Officer, stated, “We are pleased with the results achieved during the second quarter of 2012. In our Aerospace business, we continued to experience stronger demand for our bearing product lines, driving the overall Aerospace operating margin to 17.8%. In addition, we delivered approximately 5,900 Joint Programmable Fuzes during the quarter, meeting our delivery expectations year-to-date on this key program.
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