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Kaman Corp. - KAMN STOCK NEWS

Welcome to our dedicated news page for Kaman (Ticker: KAMN), a resource for investors and traders seeking the latest updates and insights on Kaman.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kaman's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kaman's position in the market.

News
Arcline Completes Acquisition of Kaman
Rhea-AI Summary
Arcline Investment Management, L.P. has completed the acquisition of Kaman in an all-cash transaction valued at approximately $1.8 billion. Kaman shareholders will receive $46.00 per share in cash, leading to the delisting of Kaman's common stock from the New York Stock Exchange.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
Cohen & Steers Set to Join S&P SmallCap 600
Rhea-AI Summary
Cohen & Steers Inc. (NYSE:CNS) is set to replace Kaman Corp. (NYSE:KAMN) in the S&P SmallCap 600 index as Arcline Investment Management LP acquires Kaman. The change will be effective on April 23, 2024.
Rhea-AI Impact
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End-of-Day
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News
Kaman Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Kaman Corp. (NYSE:KAMN) reported strong financial results for Q4 2023 and FY 2023, with net sales of $203.1 million and $775.9 million, operating income of $12.0 million and $49.1 million, net earnings of $2.0 million and $7.9 million, and adjusted EBITDA of $25.6 million and $106.7 million, respectively. The company's diluted earnings per share were $0.07 and $0.28 per share, adjusted to $0.12 and $0.49 per share. Kaman announced a merger agreement with Arcline Investment Management, L.P. for an all-cash transaction of $46.00 per share, totaling $1.8 billion. The transaction is expected to close in the first half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
earnings
News
Kaman Board of Directors Declares Dividend
Rhea-AI Summary
Kaman Corporation (KAMN) declares a regular quarterly dividend of 20 cents per common share, payable on April 11, 2024, to shareholders of record on March 19, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
management dividends
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News
Kaman to be Acquired by Arcline for $1.8 Billion
Rhea-AI Summary
Kaman Corp. has entered into an agreement to be acquired by Arcline Investment Management, L.P. for approximately $1.8 billion, with shareholders to receive $46.00 per share in cash, representing a premium of approximately 105% over the closing share price on January 18, 2024. The transaction is expected to close in the first half of 2024, subject to customary closing conditions and approvals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
100.85%
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acquisition
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News
Kaman Board of Directors Declares Dividend
Rhea-AI Summary
Kaman Corporation (NYSE:KAMN) Declares Quarterly Dividend of 20 Cents per Share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
management dividends
News
Kaman Reports Third Quarter 2023 Results
Rhea-AI Summary
Kaman Corp. (NYSE:KAMN) reported strong financial results for Q3 2023, with net sales of $183.0 million, operating income of $11.9 million, net earnings of $1.5 million, and adjusted EBITDA of $25.2 million. The Engineered Products segment showed sustained growth, leading to a revision of the full-year outlook for higher sales, operating income, and adjusted EBITDA. Diluted earnings per share were $0.05, or $0.10 per share adjusted.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.15%
Tags
earnings
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News
Kaman Corporation Announces Release Date for Third Quarter 2023 Earnings
Rhea-AI Summary
Kaman Corp. to report Q3 2023 results and host conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
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earnings
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News
U.S. Army Awards Near Earth Autonomy and Kaman Air Vehicles Contract to Demonstrate Heavy Lift VTOL Capability
Rhea-AI Summary
Near Earth Autonomy and Kaman Air Vehicles awarded U.S. Army contract for resupply uncrewed aerial system
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.84%
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News
Kaman Announces Chief Financial Officer Transition
Rhea-AI Summary
James Coogan to step down as CFO of Kaman Corp. on August 28, 2023. Carroll Lane appointed as Interim CFO. Company begins search for permanent successor.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.15%
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none
Stock KAMN logo
Kaman Corp.

NYSE:KAMN

KAMN Rankings

#2208 Ranked by Market Cap
#4467 Ranked by Stock Gains
#1524 Ranked by Dividends

KAMN Stock Data

1.30B
27.88M
1.26%
89.31%
1.78%
Other Aircraft Parts and Auxiliary Equipment Manufacturing
Manufacturing
Link
US
Bloomfield

About KAMN

kaman aerospace is a segment of kaman corporation (nyse:kamn), with 17 locations worldwide, which was founded in 1945 by aviation pioneer charles h. kaman. headquartered in bloomfield, connecticut, kaman corporation conducts business in the aerospace and distribution markets. the company produces and/or markets widely used proprietary aircraft bearings and components; super precision, miniature ball bearings; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; aerostructure engineering design analysis and faa certification services; safe and arm solutions for missile and bomb systems for missile and bomb systems for the u.s. and allied militaries; subcontract helicopter work; production of the k-max medium-to-heavy lift helicopter and support for the company's sh-2g super seasprite maritime aircraft. more information is available at www.kaman.com/aerospace.