Kadant (KAI) Tops Q4 EPS by 31c

Kadant (NYSE: KAI) reported Q4 EPS of $2.31, $0.31 better than the analyst estimate of $2.00. Revenue for the quarter came in at $219 million versus the consensus estimate of $215.05 million.

GUIDANCE:

Kadant sees FY2022 EPS of $8.55-$8.75, versus the consensus of $8.89.

• “Our record backlog at the end of 2021 positions us well for a solid start to 2022,” Mr. Powell continued. "Project activity remains healthy and demand for parts has continued to show resiliency in the first weeks of 2022. Persistent supply chain challenges and future policy responses to inflationary pressures introduce less visibility into the latter half of 2022. That said, we expect to deliver strong financial performance in the coming year with full year GAAP diluted EPS of $8.50 to $8.70 on revenue of $870 to $890 million in 2022. Adjusted diluted EPS is expected to be $8.55 to $8.75 in 2022, which excludes pre-tax amortization expense associated with acquisition-related backlog of $0.7 million, or $0.05 per diluted share. The 2022 guidance includes a negative effect from foreign currency translation, which is lowering revenue by $12 million and adjusted diluted EPS by $0.15. For the first quarter of 2022, we expect revenue of $212 to $217 million, GAAP diluted EPS of $1.95 to $2.05, and excluding $0.05 per diluted share of amortization expense associated with acquired backlog, adjusted diluted EPS of $2.00 to $2.10.

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

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