Kaman Sees FY23 Net Sales $765M-$775M Vs $760.8M Est

Author: Benzinga Newsdesk | November 01, 2023 05:44pm

Given the strength in our performance at our Engineered Products segment, we are raising our expectations for sales, operating income, Adjusted EBITDA and diluted EPS. Operating Cash Flow and Free Cash Flow expectations remain consistent with our prior outlook as we continue to invest in the future growth of our Engineered Products segment and improvements in our Structures segment.

		Previous Outlook		Current Outlook
Net sales		$730.0 - $750.0 million		$765.0 - $775.0 million
Net earnings		$3.7 - $11.3 million		$6.5 - $12.2 million
Adjusted EBITDA		$97.5 - $107.5 million		$102.5 - $110.0 million
Adjusted EBITDA margin		13.4% - 14.3%		13.4% - 14.2%
Diluted EPS		$0.13 - $0.40 per share		$0.23 - $0.43 per share
Adjusted diluted EPS		$0.29 - $0.56 per share		$0.40 - $0.60 per share
Cash from operating activities		$60.0 - $70.0 million		$60.0 - $70.0 million
Free cash flow		$35.0 - $45.0 million		$35.0 - $45.0 million

 

Posted In: KAMN