Kaman Corp. (NYSE:KAMN) today reported financial results for the third quarter ended September 28, 2012.
|Table 1. Summary of Financial Results|
In thousands except per share amounts
|For the three months ended|
September 28, 2012
September 30, 2011
|Net gain (loss) on sale of assets||(53||)||(14||)||(39||)|
|Diluted earnings per share||$||0.56||$||0.49||$||0.07|
Neal J. Keating, Chairman, President and Chief Executive Officer, stated, “During the third quarter we delivered solid performance in both of our businesses. Aerospace delivered 28.9% sales growth driven by deliveries of over 10,000 Joint Programmable Fuzes ("JPF") during the quarter, which offset lower sales volume on certain other programs. In Distribution, we achieved double digit sales growth and completed two strategic acquisitions that we believe will continue to propel growth in the future.
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