Kaman Corp. (USA; NASDAQ: KAMN) reported results for second quarter 2007, ended June 29, 2007.

Sales in the quarter were USD $320 million, up more than 9% from $293 million in second quarter 2006.

Net income was $10.1 million, up 34% from 2006's $7.5 million.

Kaman is a diversified industrial product manufacturer and distributor. Important market segments are dedicated to aerostructures, fuzing, helicopters, specialty bearings, and traditional industrial distribution. The military, aerospace and industrial target markets are primarily OEM, but include large parallel aftermarket replacement markets.

Kaman's proprietary self-lubricating bearings are currently in used in almost every military and commercial aircraft produced in Europe, North America, and South America. They are the leading products for applications requiring sophisticated engineering and specialization in the aircraft bearing market.

Proprietary bearings has long been part of the former Kamatics operation, primarily targeting bearings for aircraft and aerospace applications. It also owns German aircraft bearing manufacturer RWG Frankenjura-Industrie Flugwerklager GmbH, which it acquired in 2001. Bearing manufacturing takes place in Bloomfield, Connecticut and Dachsbach, Germany.

The company recently added 35,000 square feet of additional bearing manufacturing floorspace to the Bloomfield facility. 25,000 square feet was online by October 2006, and the remaining 10,000 square feet came online during this past quarter.

Second quarter sales for the Specialty Bearings business segment (formerly known as Kamatics and RWG) were $31.5 million, from 2006's $27.5 million.

This quarter is also the first time Kaman has reported Bearings results separately, in keeping with its recent announcement and SEC reporting format change.

article: Kaman will break out Bearing results separately
Kaman said bearing sales continue to climb in parallel with increased demand for airframe bearings, and as it pursues additional market share wins.

Chairman, President and CEO, Paul Kuhn, said: "Strong performance for the second quarter of 2007 was driven by solid programs and good market conditions across the four segments of our aerospace business with each showing sales and earnings growth. Higher sales volume from a growing business base and increased efficiencies contributed to the results. For the Industrial Distribution and Music segments, results reflect weaker market conditions, but also actions we have taken to build those businesses. Both segments are expected to perform well when conditions in their markets firm up and, for all of our segments, we are pleased with our prospects going forward."