Kaman Sees FY23 Net Sales $765M-$775M Vs $760.8M Est
Portfolio Pulse from Benzinga Newsdesk
Kaman Corporation has raised its FY23 net sales forecast to $765M-$775M, up from the previous estimate of $730.0 - $750.0 million. The company also increased its net earnings, Adjusted EBITDA, and diluted EPS expectations due to strong performance in its Engineered Products segment. However, the Operating Cash Flow and Free Cash Flow expectations remain unchanged.
November 01, 2023 | 9:44 pm
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Kaman Corporation has raised its FY23 net sales, net earnings, Adjusted EBITDA, and diluted EPS expectations. This positive outlook could potentially lead to an increase in the company's stock price.
Kaman Corporation's raised financial expectations for FY23 indicate strong performance, particularly in its Engineered Products segment. This positive outlook could attract investors, potentially leading to an increase in demand for the company's stock and, consequently, a rise in its stock price.
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