Bloomfield aerospace and industrial distributor Kaman Corp. said its first-quarter profits grew 60 percent thanks to higher sales and an absence of restructuring costs.
Profits were $11.5 million, or 42 cents per diluted share, compared to $7.2 million, or 26 cents, in the same quarter a year ago.
Net sales increased by nearly $26 million, to $413.9 million, mostly the result of contributions from acquired companies, and some organic growth.
Restructuring costs of $3 million in the prior-year quarter also played a role in the improvement, the company said.
