Kadant (KAI) Tops Q4 EPS by 6c
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Kadant Reports Fourth Quarter and Fiscal Year 2016 Results
February 23, 2017 4:07 PM ESTQ4 Bookings Increase 20% Sequentially
WESTFORD, Mass.--(BUSINESS WIRE)-- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 31, 2016.
Fourth Quarter Financial Highlights
Revenue was $100 million vs. $108 million Gross margin was 46% Diluted EPS was $0.69 vs. $0.94 Net Income was $8 million vs. $10 million Adjusted EBITDA was $14.1 million vs. $17.2 million Bookings were $114 million vs. $76 million Cash flows from operations were $16 million vs. $12 millionFiscal Year Financial... More
