Kadant (KAI) Tops Q2 EPS by 23c
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Kadant Reports 2016 Second Quarter Results
August 3, 2016 5:23 PM EDTWESTFORD, Mass.--(BUSINESS WIRE)-- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended July 2, 2016.
Second Quarter 2016 Financial Highlights
GAAP diluted earnings per share (EPS) declined 1% to $0.75 in the second quarter of 2016 compared to $0.76 in the second quarter of 2015. The second quarter of 2016 included a $0.04 unfavorable effect of foreign currency translation. Guidance was $0.50 to $0.53. Adjusted diluted EPS increased 13% to $0.88 in the second quarter of 2016 compared to $0.78 in the second quarter of 2015. Adjusted diluted EPS in the second quarter of 2016... More