Kaman Corporation (NYSE:KAMN) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET

Company Participants

James Ranno - Assistant Controller

Ian Walsh - Chairman, President and Chief Executive Officer

James Coogan - Senior Vice President, Chief Financial Officer and Treasurer

Conference Call Participants

Jacob Moore - KeyBanc Capital Markets

Operator

Good day, and thank you for standing by. Welcome to the Kaman Corporation Q2 2023 Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]. Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Jamie Ranno, Assistant Controller. Please go ahead.

James Ranno

Good morning. Welcome to Kaman's second quarter 2023 earnings call. Leading the call today are Ian Walsh, Chairman, President and Chief Executive Officer; and Jamie Coogan, Senior Vice President, Chief Financial Officer and Treasurer. Before we begin, please note that some of the information discussed during today's call will consist of forward-looking statements setting forth our current expectations with respect to the future of our business, the economy and other events.

These include projections of revenue, earnings and other financial items, statements on plans and objectives of the company or its management, statements of future economic performance and assumptions underlying these statements regarding the company and its business. The company's actual results could differ materially from those indicated in any forward-looking statements due to many factors. Additionally, the company revised its prior period results due to errors identified related to inventory, which were determined not material to our previously issued financial statements.

These items are described more fully in the company's latest filings with the Securities and Exchange Commission, including the company's second quarter 2023 results included on Form 10-Q and the current report on Form 8-K filed yesterday evening together with our earnings release. We also expect to discuss certain financial measures and information that are non-GAAP measures as defined in applicable SEC rules and regulations. Reconciliations to the company's GAAP measures are included in the earnings release filed with yesterday's 8-K.

Finally, we posted an earnings call supplement on our website, which provides additional context on our financial performance. You can find this presentation at www.kaman.com/investors/quarterlyearningscalls.

Now I'll turn the call over to Ian Walsh.

Ian Walsh

Good morning, everyone, and thank you for joining our second quarter 2023 earnings call. Performance in the quarter was very strong, and we're delivering on our commitments to drive improved profitability and cash flow performance.