Kadant (KAI) Tops Q1 EPS by 26c

Kadant (NYSE: KAI) reported Q1 EPS of $1.09, $0.26 better than the analyst estimate of $0.83. Revenue for the quarter came in at $159.1 million versus the consensus estimate of $156.33 million.

Summary and Outlook

“While we are pleased with our first quarter bookings given the current environment, we expect a slowdown in orders in certain regions as well as customer-requested delays on certain large capital projects,” Mr. Powell continued. “Given the current uncertainty and our inability to accurately forecast the timing of orders, we will not be providing guidance for the second quarter of 2020 and are withdrawing our guidance for full year 2020. Despite this uncertainty, the long-term fundamentals of our markets remain strong.”

For earnings history and earnings-related data on Kadant (KAI) click here.

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