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Private company

KAMAN Corp

American guided missiles and space vehicles and parts company1

In its 2024 annual report the company says: “We are a diversified company that conducts business in the aerospace and defense, medical and industrial markets.”4 It is headquartered in Bloomfield, Connecticut.1

Last updated Oct 21, 2026.

Overview

  • IndustryGuided Missiles & Space Vehicles & Parts1
  • HeadquartersBloomfield, Connecticut1
  • Incorporated inCT2
  • Business address1332 Blue Hills Ave, Po Box 1, Bloomfield, Ct 060022
  • Filer categoryLarge accelerated filer2

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Kaman Corporation, headquartered in Bloomfield, Connecticut, was incorporated in 1945. As used in this annual report, "the Company", "we", "us", "our" refer to the registrant and its consolidated subsidiaries. On January 19, 2024, the Company announced that it has entered into a definitive agreement to be acquired by an affiliate of Arcline Investment Management, L.P. (“Arcline”), a growth-oriented private equity firm with deep experience investing in technology-driven, meaningful-to-the-world industrial businesses, in an all-cash transaction with a total enterprise value of approximately $1.8 billion. Upon completion of the transaction, Kaman will become a privately held company.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

34.8%Gross margin5
6.3%Operating margin5
1.0%Net margin5
12.8%Revenue growth, 20235
1.1%Return on equity5
0.52×Debt to equity5
$46.7MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue65¢$504.6M
  • Research and development3¢$20.7M
  • Selling, general and admin22¢$170.9M
  • Other costs4¢$28.9M
  • Interest5¢$40.0M
  • Income tax0¢$2.7M
  • Profit1¢$7.9M

Out of $775.9M in revenue.5

Where each dollar of operating cash went, fiscal 2023

  • Capital spending36¢$26.0M
  • Dividends paid31¢$22.5M
  • Share buybacks1¢$782.0K
  • Kept or used elsewhere32¢$23.4M

Out of $72.7M of cash from operations.5

Financial statements

Revenue67895$775.9M in 2023+7% since 2017
0$200.0M$400.0M$600.0M$800.0M2017: $724.9M$724.9M20172018: $736.0M$736.0M2018+2%2019: $761.6M$761.6M2019+3%2020: $784.5M$784.5M2020+3%2021: $709.0M$709.0M2021−10%2022: $688.0M$688.0M2022−3%2023: $775.9M$775.9M2023+13%
Gross profit67895$270.1M in 2023+15% since 2017
0$100.0M$200.0M$300.0M2017: $234.0M$234.0M20172018: $227.3M$227.3M2018−3%2019: $240.8M$240.8M2019+6%2020: $245.6M$245.6M2020+2%2021: $236.6M$236.6M2021−4%2022: $176.0M$176.0M2022−26%2023: $270.1M$270.1M2023+54%
Operating income67895$49.1M in 2023−20% since 2017
-$100.0M-$50.0M0$50.0M$100.0M2017: $61.7M$61.7M20172018: $33.0M$33.0M2018−47%2019: $53.4M$53.4M2019+62%2020: -$84.3M-$84.3M20202021: $49.5M$49.5M20212022: -$69.3M-$69.3M20222023: $49.1M$49.1M2023
Net income67895$7.9M in 2023−84% since 2017
-$100.0M0$100.0M$200.0M$300.0M2017: $49.8M$49.8M20172018: $54.2M$54.2M2018+9%2019: $209.8M$209.8M2019+287%2020: -$69.7M-$69.7M20202021: $43.7M$43.7M20212022: -$48.6M-$48.6M20222023: $7.9M$7.9M2023
Fiscal year2017201820192020202120222023
Revenue$724.9M6$736.0M7$761.6M8$784.5M9$709.0M5$688.0M5$775.9M5
Cost of revenue$490.9M6$508.7M7$520.8M8$538.9M9$472.4M5$467.4M5$504.6M5
Gross profit$234.0M6$227.3M7$240.8M8$245.6M9$236.6M5$176.0M5$270.1M5
Research and development$11.9M8$14.8M9$16.1M5$19.6M5$20.7M5
Selling, general and admin$169.7M6$172.3M7$160.8M8$169.5M9$152.5M5$166.4M5$170.9M5
Operating income$61.7M6$33.0M7$53.4M8-$84.3M9$49.5M5-$69.3M5$49.1M5
Interest$20.6M6$20.0M7$17.2M8$19.3M9$16.3M5$16.9M5$40.0M5
Income before tax$60.5M5-$65.9M5$10.7M5
Income tax$25.2M6$9.3M7-$15.9M8-$7.7M9$16.8M5-$17.4M5$2.7M5
Net income$49.8M6$54.2M7$209.8M8-$69.7M9$43.7M5-$48.6M5$7.9M5
Earnings per share$1.806$1.947$7.518-$2.529$1.575-$1.735$0.285
Earnings per share (diluted)$1.756$1.927$7.478-$2.529$1.575-$1.735$0.285
Shares (weighted, basic)27.9M shares528.0M shares528.2M shares5
Shares (weighted, diluted)27.9M shares528.0M shares528.3M shares5

Compare KAMAN Corp with another company

Corporate structure

KAMAN Corp sits at the top of its group. 33 entities, 9 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of KAMAN Corp

  • GAMCO Investors Filed SC 13D/A on KAMAN Corp, latest Apr 22, 2024 (3 filings since Nov 14, 2022)
  • VANGUARD GROUP INC Filed SC 13G/A on KAMAN Corp, latest Feb 13, 2024 (3 filings since Feb 10, 2022)
  • State Street Corporation Filed SC 13G/A on KAMAN Corp, latest Jan 24, 2024 (2 filings since Feb 6, 2023)
  • BlackRock Filed SC 13G/A on KAMAN Corp, latest Jan 19, 2024 (5 filings since Jan 25, 2022)
  • CRAMER ROSENTHAL MCGLYNN LLC Filed SC 13G/A on KAMAN Corp, latest Feb 13, 2023 (2 filings since Feb 14, 2022)
  • KAMAN Corp Bloomfield, Connecticut
    • Aircraft Wheel and Brake, LLC Subsidiary · Delaware, United States
    • ASC Continental AG Subsidiary · Switzerland
    • Bal Seal Asia Limited Subsidiary · Hong Kong
    • Bal Seal Engineering Europe BV Subsidiary · Netherlands
    • Bal Seal Engineering, LLC Subsidiary · California, United States
    • EXTEX Engineered Products, Inc. Subsidiary · Delaware, United States
    • Gebr. Reinfurt GmbH & Co. KG Subsidiary · Germany
    • GRW Bearing GmbH Subsidiary · Germany
    • GRW High Precision Bearings, LP Subsidiary · Virginia, United States
    • GRW Management Inc. Subsidiary · Virginia, United States
    • GRW ČR s.r.o. Subsidiary · Czechia
    • K-MAX Corporation Subsidiary · Connecticut, United States
    • Kaman Acquisition USA, Inc. Subsidiary · Delaware, United States
    • Kaman Aerospace Corporation Subsidiary · Delaware, United States
    • Kaman Aerospace Group, Inc. Subsidiary · Connecticut, United States
    • Kaman Composites - Vermont, Inc. Subsidiary · Vermont, United States
    • Kaman Composites - Wichita, Inc. Subsidiary · Delaware, United States
    • Kaman EMEA, Inc. Subsidiary · Delaware, United States
    • Kaman Engineering Services, Inc. Subsidiary · Washington, United States
    • Kaman Holding Germany GmbH Subsidiary · Germany
    • Kaman Lux Holding, S.à r.l. Subsidiary · Luxembourg
    • Kaman Precision Products, Inc. Subsidiary · Florida, United States
    • Kaman Specialty Bearings & Engineered Products GmbH Subsidiary · Germany
    • Kaman Specialty Bearings Pte. Ltd. Subsidiary · Singapore
    • Kaman X Corporation Subsidiary · Connecticut, United States
    • and 7 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What KAMAN Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$495.5M5 Dec 31, 2023$469.7M5 Dec 31, 2022+5.5%
Accumulated depreciation$290.3M5 Dec 31, 2023$268.1M5 Dec 31, 2022+8.3%
Property and equipment, net$205.2M5 Dec 31, 2023$201.6M5 Dec 31, 2022+1.8%
Finance-lease assets$4.2M5 Dec 31, 2023$6.6M5 Dec 31, 2022−36.4%
Operating-lease assets (leased space)$7.8M5 Dec 31, 2023$7.4M5 Dec 31, 2022+5.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$35.2M5 Dec 31, 2023$24.2M5 Dec 31, 2022+45.7%
Stakes in other companies (equity method)$10.0M9 Dec 31, 2022$09 Dec 31, 2021

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$384.0M5 Dec 31, 2023$379.9M5 Dec 31, 2022+1.1%
Intangible assets, net (excluding goodwill)$347.4M5 Dec 31, 2023$372.3M5 Dec 31, 2022−6.7%
Finite-lived intangibles, gross$444.3M5 Dec 31, 2023$443.1M5 Dec 31, 2022+0.3%
Accumulated amortization$96.9M5 Dec 31, 2023$70.8M5 Dec 31, 2022+36.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$207.6M5 Dec 31, 2023$172.4M5 Dec 31, 2022+20.4%
Raw materials$35.8M5 Dec 31, 2023$24.6M5 Dec 31, 2022+45.8%
Work in process$21.0M5 Dec 31, 2023$16.5M5 Dec 31, 2022+27.1%
Finished goods$42.2M5 Dec 31, 2023$40.0M5 Dec 31, 2022+5.6%

Leadership

Who has led KAMAN Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Paul R. Kuhn2006–2007
  2. Neal J. Keating2008–2020
  3. Ian K. Walsh2020–2024

Chair

  1. Paul R. Kuhn2006–2008
  2. Neal J. Keating2021
  3. Ian K. Walsh2023–2024

President

  1. Paul R. Kuhn2006–2007
  2. John C. Kornegay2006–2009
  3. Robert H. Saunders Jr.2006–2007
  4. Neal J. Keating2007
  5. Gregory L. Steiner2008–2012
  6. Richard R. Barnhart2017
  7. Alphonse J. Lariviere Jr.2017
  8. Ian K. Walsh2020–2024
  9. Darlene Ruth Smith2022

Chief financial officer

  1. Robert M. Garneau2006–2008
  2. William C. Denninger2009–2013
  3. Robert D. Starr2013–2021
  4. James Gordon Coogan2022–2023
  5. Carroll Kent Lane2024

Chief operating officer

  1. Neal J. Keating2007
2010201520202025
Board members and other officers (42)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • ASC Continental AG Switzerland3
  • Aircraft Wheel and Brake, LLC Delaware3
  • Bal Seal Asia Limited Hong Kong3
  • Bal Seal Engineering Europe BV Netherlands3
  • Bal Seal Engineering, LLC California3
  • EXTEX Engineered Products, Inc. Delaware3
  • GRW Bearing GmbH Germany3
  • GRW High Precision Bearings, LP Virginia3
  • GRW Management Inc. Virginia3
  • GRW ČR s.r.o. Czech Republic3
  • Gebr. Reinfurt GmbH & Co. KG Germany3
  • K-MAX Corporation Connecticut3
  • KEX Canada, Inc. Canada (BC)3
  • Kaman Acquisition USA, Inc. Delaware3
  • Kaman Aerospace Corporation Delaware3
  • Kaman Aerospace Group, Inc. Connecticut3
  • Kaman Composites - Vermont, Inc. Vermont3
  • Kaman Composites - Wichita, Inc. Delaware3
  • Kaman EMEA, Inc. Delaware3
  • Kaman Engineering Services, Inc. Washington3
  • Kaman Holding Germany GmbH Germany3
  • Kaman Lux Holding, S.à r.l. Luxembourg3
  • Kaman Precision Products, Inc. Florida3
  • Kaman Specialty Bearings & Engineered Products GmbH Germany3
All 32 listed subsidiaries
  • Kaman Specialty Bearings Pte. Ltd. Singapore3
  • Kaman X Corporation Connecticut3
  • Kamatics Corporation Connecticut3
  • RWG Germany GmbH Germany3
  • Registrant: KAMAN CORPORATION Connecticut3
  • Reinfurt-ČR, k.s. Czech Republic3
  • Twain Acquisition, LLC Delaware3
  • Verwaltungsgesellschaft Reinfurt mbH Germany3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Apr 19, 20248-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale73
  2. Apr 17, 20248-K Shareholder vote74
  3. Feb 22, 20248-K Results of operations75
  4. Jan 19, 20248-K Entered a material agreement; Other events76
  5. Nov 1, 20238-K Results of operations77
  6. Sep 5, 20238-K Regulation FD disclosure78
  7. Aug 25, 20238-K Executive or director change79
  8. Aug 14, 20238-K Executive or director change80
  9. Aug 2, 20238-K Results of operations81
  10. Jun 23, 20238-K Entered a material agreement; New debt or obligation82
  11. Jun 16, 20238-K Executive or director change83
  12. Jun 12, 20238-K Executive or director change84
  13. Sep 9, 2020New chief executive Ian K. Walsh becomes CEO16
  14. Jun 19, 2008New chief executive Neal J. Keating becomes CEO17
  15. Feb 6, 2006New chief executive Paul R. Kuhn becomes CEO18

Calendar

When it reported results

  1. Feb 22, 2024Reported quarterly or annual results75
  2. Nov 1, 2023Reported quarterly or annual results77
  3. Aug 2, 2023Reported quarterly or annual results81
  4. May 2, 2023Reported quarterly or annual results85
  5. Feb 23, 2023Reported quarterly or annual results86
  6. Nov 1, 2022Reported quarterly or annual results87
  7. Aug 4, 2022Reported quarterly or annual results88
  8. May 2, 2022Reported quarterly or annual results89

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

216 filings to the SEC since October 2021: 4 annual reports, 7 quarterly reports, 36 major events, 126 insider forms, 15 large holders, 28 other. The latest 20:

  1. Apr 30, 202415-12G EDGAR
  2. Apr 23, 20244 PRIMARY DOCUMENT EDGAR
  3. Apr 23, 20244 PRIMARY DOCUMENT EDGAR
  4. Apr 23, 20244 PRIMARY DOCUMENT EDGAR
  5. Apr 23, 20244 PRIMARY DOCUMENT EDGAR
  6. Apr 23, 20244 PRIMARY DOCUMENT EDGAR
  7. Apr 23, 20244 PRIMARY DOCUMENT EDGAR
  8. Apr 23, 20244 PRIMARY DOCUMENT EDGAR
  9. Apr 23, 20244 PRIMARY DOCUMENT EDGAR
  10. Apr 23, 20244 PRIMARY DOCUMENT EDGAR
  11. Apr 23, 20244 PRIMARY DOCUMENT EDGAR
  12. Apr 23, 20244 PRIMARY DOCUMENT EDGAR
  13. Apr 23, 20244 PRIMARY DOCUMENT EDGAR
  14. Apr 23, 20244 PRIMARY DOCUMENT EDGAR
  15. Apr 22, 2024S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO REGISTRATION STATEMENT ON FORM S-8 (NO. 333-27 EDGAR
  16. Apr 22, 2024S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO REGISTRATION STATEMENT ON FORM S-8 (NO. 333-22 EDGAR
  17. Apr 22, 2024S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO REGISTRATION STATEMENT ON FORM S-8 (NO. 333-21 EDGAR
  18. Apr 22, 2024S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO REGISTRATION STATEMENT ON FORM S-8 (NO. 333-18 EDGAR
  19. Apr 22, 2024S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO REGISTRATION STATEMENT ON FORM S-8 (NO. 333-11 EDGAR
  20. Apr 22, 2024S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO REGISTRATION STATEMENT ON FORM S-8 (NO. 333-66 EDGAR

The 216 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 14, 2022CALLAWAY E REEVES IIIDirectorSale3,707$34.92$129.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How KAMAN Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARKAMAN Corp1
  • CIK0000054381
  • Employer ID (EIN)06-06135481
  • Filer statusLarge accelerated filer1
  • Incorporated inConnecticut1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3760 Guided Missiles & Space Vehicles & Parts1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address1332 Blue Hills Ave, Po Box 1, Bloomfield, CT 060021
  • Phone86024363211
  • Shares outstanding28,319,136 as of Jan 26, 202495
  • Public float$674.1M as of Jun 30, 202395
  • On EDGAR sinceFeb 24, 19941
  • Filings1,757 in all: 4 (547), 8-K (391), 5 (311), 10-Q (90), SC 13G/A (74), 3 (38), SC 13D/A (32), 10-K (31)1
    All 48 form types

    SC 13G (29), DEFA14A (27), UPLOAD (21), DEF 14A (20), 425 (19), 144 (18), CORRESP (15), SD (10), ARS (9), S-8 POS (9), 5/A (7), S-8 (7), 8-K/A (6), 10-Q/A (5), 10-K/A (4), 15-12G (3), 424B3 (3), PRE 14A (3), 4/A (2), 8-A12G/A (2), EFFECT (2), POS AM (2), S-3/A (2), S-4/A (2), 25 (1), 25-NSE (1), 8-A12B (1), 8-K12G3 (1), CERTNYS (1), DEFM14A (1), DEFR14A (1), NO ACT (1), PREA14A (1), PREM14A (1), PX14A6G (1), S-3 (1), S-4 (1), SC 13D (1), SC TO-I (1), SC TO-I/A (1)

  • Latest filingsAnnual report (10-K) Feb 22, 2024
    Quarterly report (10-Q) Nov 1, 2023
    Proxy statement (DEF 14A) Mar 3, 2023
    Latest 8-K (8-K) Apr 19, 2024

Sources

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