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KAMAN REPORTS LOWER PROFITS

16 Apr 02. Kaman Corp. (Nasdaq: KAMNA – news) reported first quarter earnings per share of 24 cents on a diluted basis, (2001: 38 cents per share diluted). Net earnings were $5.3m , (2001: $8.7m). The company attributed the earnings decline compared to a year ago primarily due to weakness in the nation’s manufacturing base, which adversely impacted the company’s industrial distribution sector.Revenues for the first quarter were $223.4m, (2001: $244.7m). in the period last year.

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