KAMAN CORPORATION Reports 21.4% Increase in Q2 Earnings for FY2023 with USD 195.2 Million in Revenue
August 15, 2023
☀️Earnings Overview
On August 2, 2023, KAMAN CORPORATION ($NYSE:KAMN) reported their Q2 earnings for FY2023, which revealed a total revenue of USD 195.2 million, a 21.4% increase from the same period the previous year. Net income increased by 29.6%, amounting to USD 5.3 million.
Analysis
GoodWhale’s analysis of KAMAN CORPORATION‘s financials highlights the high risk associated with investing in the company. GoodWhale’s Risk Rating assigns a higher risk to KAMAN CORPORATION in terms of financial and business aspects. We have detected three risk warnings in KAMAN CORPORATION’s income sheet, balance sheet, and financial journal. These warnings signal that the company’s financials are not as stable as they appear. Investors should register with us to get a full report on the financial health of KAMAN CORPORATION. Our analysis and report will provide investors with a comprehensive view of the company’s financial status, as well as the associated risks and potential rewards of investing in the company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kaman Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 758.85 | -49.39 | -2.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kaman Corporation. More…
| Operations | Investing | Financing |
| 66.73 | -469.21 | 356.21 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kaman Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.51k | 826.8 | 24.34 |
Key Ratios Snapshot
Some of the financial key ratios for Kaman Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.0% | -18.2% | -4.4% |
| FCF Margin | ROE | ROA |
| 5.4% | -3.1% | -1.4% |
Peers
In the aerospace industry, Kaman Corp competes with Norsk Titanium AS, Ducommun Inc, and Triumph Group Inc. for contracts to provide parts and services. Kaman has a long history in the aerospace industry, dating back to the company’s founding in 1945. The company’s products are used in a variety of military, commercial, and industrial applications.
– Norsk Titanium AS ($OTCPK:NORSF)
Norsk Titanium AS is a Norwegian titanium producer. The company has a market cap of 61.65M as of 2022 and a Return on Equity of -14.47%. The company produces titanium parts for the aerospace industry.
– Ducommun Inc ($NYSE:DCO)
Duccommun Inc is a publicly traded company with a market cap of 620.25M as of 2022. The company has a strong return on equity of 22.59%. Duccommun Inc is a leading provider of engineering and manufacturing solutions for the aerospace and defense industries. The company’s products and services include aircraft structures, engines, and components. Duccommun Inc has a long history of providing quality products and services to its customers.
– Triumph Group Inc ($NYSE:TGI)
Triumph Group is a global aerospace and defense company that designs, engineers, manufactures, repairs, and overhauls aircraft components, structures, and systems. The company serves the commercial, military, and business jet markets. It operates in three segments: Aerospace Systems, Aftermarket Services, and Product Support.
Triumph Group has a market cap of $617.87 million as of 2022 and a return on equity of -8.78%. The company is engaged in the design, engineering, manufacture, repair, and overhaul of aircraft components, structures, and systems. It serves the commercial, military, and business jet markets. The company operates in three segments: Aerospace Systems, Aftermarket Services, and Product Support.
Summary
KAMAN CORPORATION has reported strong financial results for the second quarter of FY2023, with total revenue up 21.4% year-over-year and net income up 29.6%. Investors should consider this stock as a potential long-term investment opportunity given its impressive growth. KAMAN CORPORATION has demonstrated its ability to generate strong returns and maintain profitability, making it an attractive option for investors looking for a stable and profitable return. Potential investors should look further into the company’s financials, including examining their balance sheet and cash flow statement, to get a more complete overview of the company’s performance.
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