Kadant (KAI) Tops Q3 EPS by 42c, raises guidance

Kadant (NYSE: KAI) reported Q3 EPS of $2.69, $0.42 better than the analyst estimate of $2.27. Revenue for the quarter came in at $244 million versus the consensus estimate of $234.01 million.

The company is raising revenue and earnings guidance for the full year and now expect revenue of $941 to $949 million in 2023, revised from previous guidance of $925 to $940 million, GAAP EPS of $9.59 to $9.69, revised from previous guidance of $9.11 to $9.31, and adjusted EPS of $9.65 to $9.75, revised from previous guidance of $9.15 to $9.35. The 2023 adjusted EPS guidance excludes $0.03 of relocation costs and $0.03 of restructuring and impairment costs. For the fourth quarter of 2023, the company expects GAAP EPS of $2.02 to $2.12 on revenue of $222 to $230 million.”

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

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