Kadant (KAI) Tops Q3 EPS by 9c

Kadant (NYSE: KAI) reported Q3 EPS of $0.63, $0.09 better than the analyst estimate of $0.54. Revenue for the quarter came in at $99 million versus the consensus estimate of $96.5 million.

Bookings increased 23% to $100 million in the third quarter of 2014, including $9 million from acquisitions, compared to $82 million in the third quarter of 2013. Excluding acquisitions, bookings increased 12% in the third quarter of 2014 compared to the third quarter of 2013 and 13% for the corresponding nine-month periods.

Backlog increased 30% to $128 million at the end of the third quarter of 2014 compared to $99 million in the third quarter of 2013.

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

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