Kadant (KAI) Tops Q1 EPS by 5c; Lowers FY15 Revenue Outlook
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Kadant Reports 2015 First Quarter Results
May 4, 2015 5:03 PM EDTAchieves Record Parts and Consumables Revenue and Bookings
WESTFORD, Mass.--(BUSINESS WIRE)-- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended April 4, 2015.
First Quarter 2015 Financial Highlights
GAAP diluted earnings per share (EPS) from continuing operations increased 38% to $0.62 in the first quarter of 2015 compared to $0.45 in the first quarter of 2014. The first quarter of 2015 included a $0.04 unfavorable effect of foreign currency translation compared to the first quarter of 2014. Guidance was $0.57 to $0.59. Net income from continuing operations increased 35%... More