Kaman Corp. (NYSE:KAMN) today reported financial results for the fourth quarter and full year ended December 31, 2013.
|Table 1. Summary of Financial Results|
|In thousands, except per share amounts||For the Three Months Ended|
|December 31, 2013||December 31, 2012||
|Net sales from continuing operations:|
|Operating income from continuing operations:|
|Net gain (loss) on sale of assets||(28||)||(84||)||56|
|Diluted net earnings per share from continuing operations||$||0.48||$||0.52||$||(0.04||)|
|Adjusted diluted net earnings per share*||$||0.55||$||0.61||$||(0.06||)|
Neal J. Keating, Chairman, President and Chief Executive Officer, stated, “2013 was a successful year for Kaman as strong performance across a number of our Aerospace programs enabled us to deliver solid operating results. Despite the challenges encountered at Distribution, the segment achieved organic sales growth of 5.2% for the fourth quarter, our first quarter of year-over-year organic sales growth in Distribution since the second quarter of 2012.
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