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Kadant, Inc. (KAI) Tops Q2 EPS by 6c, Posts Weak Q3 Guidance, Raises FY11 Revenue Guidance

July 27, 2011 4:12 PM EDT
Kadant, Inc. (NYSE: KAI) reported Q2 EPS of $0.59, $0.06 better than the analyst estimate of $0.53. Revenue for the quarter came in at $82.5 million versus the consensus estimate of $79.19 million.

Kadant, Inc. sees Q3 2011 EPS of $0.40-$0.42, versus the consensus of $0.57. Kadant, Inc. sees Q3 2011 revenue of $80-$82 million, versus the consensus of $85.7 million.

Kadant, Inc. reaffirms its FY2011 EPS guidance. Kadant, Inc. sees FY2011 revenue of $325-$335 million, versus prior guidance of $315-$325 million and the consensus of $324 million.


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