Kadant (KAI) Tops Q3 EPS by 4c; Trims FY15 Outlook

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Go back to Kadant (KAI) Tops Q3 EPS by 4c; Trims FY15 Outlook

Kadant Reports 2015 Third Quarter Results

November 4, 2015 4:48 PM EST

Lowers Guidance for 2015

WESTFORD, Mass.--(BUSINESS WIRE)-- Kadant Inc. (NYSE: KAI) reported its financial results for the third fiscal quarter ended October 3, 2015.

Third Quarter 2015 Financial Highlights

GAAP diluted earnings per share (EPS) from continuing operations increased 30% to $0.78 in the third quarter of 2015 compared to $0.60 in the third quarter of 2014. The third quarter of 2015 included an $0.11 unfavorable effect of foreign currency translation compared to the third quarter of 2014. Guidance was $0.70 to $0.72. Adjusted diluted EPS increased 24% to $0.78 in the third quarter of 2015... More