Kadant Reports 2016 Second Quarter Results

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Go back to Kadant Reports 2016 Second Quarter Results

Seaport Global Securities Downgrades Kadant Inc. (KAI) to Neutral

August 5, 2016 9:52 AM EDT

Seaport Global Securities downgraded Kadant Inc. (NYSE: KAI) from Accumulate to Neutral with a price target of $58.00.

Analyst Walt Liptak commented, "KAI's 2016 outlook was lowered by management due to weakness in the North American aftermarket parts sales business. KAI's parts... More

Kadant (KAI) Tops Q2 EPS by 23c

August 4, 2016 9:29 AM EDT

Kadant (NYSE: KAI) reported Q2 EPS of $0.88, $0.23 better than the analyst estimate of $0.65. Revenue for the quarter came in at $112 million versus the consensus estimate of $104.44 million.

GUIDANCE:

Kadant sees FY2016 EPS of $2.98-$3.04. Kadant sees FY2016 revenue of $415-421... More