Kaman Industrial Technologies sales up 11.7%
Acquisitions helped propel Kaman Industrial Technologies to an 11.7 percent sales increase in 2014.
Sales of $1.16 billion compared to $1.04 billion in 2013. The increase resulted from $89.4 million in sales from acquisitions and an increase of $32.7 million in organic sales.
Fourth quarter sales of $302.7 million were 16.3 percent higher than $260.0 million in the fourth quarter of 2013. Organic sales per day of $4.3 million compared to sales per day of $4.0 million in the same quarter a year ago.
"Distribution had strong organic sales growth of 4.8% during the fourth quarter, our fifth consecutive quarter of organic sales growth and our highest rate of growth since the third quarter of 2011," said Neal J. Keating, chairman, president and chief executive officer of Kaman Corp.
The increase in sales in the fourth quarter resulted from $25.8 million in sales from acquisitions and an increase of $16.7 million in organic sales.
Kaman Corp.'s total sales for the year were nearly $1.8 billion, compared to $1.65 billion in 2013. Net earnings of $57.8 million, or $2.08 per diluted share, compared to earnings of $57.1 million, or $2.10, last year.
For 2015, Kaman is projecting sales of $1.25 billion to $1.28 billion.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
