Kadant (KAI) Tops Q4 EPS by 6c

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Go back to Kadant (KAI) Tops Q4 EPS by 6c

Kadant Reports Fourth Quarter and Fiscal Year 2017 Results

February 15, 2018 5:24 PM EST

WESTFORD, Mass., Feb. 15, 2018 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 30, 2017.

Fourth Quarter Financial Highlights

Revenue increased 49% to $149 millionGross margin was 43.3% GAAP diluted EPS decreased to $0.07 compared to $0.69 in 2016 Adjusted diluted EPS increased 65% to $1.14 Net income decreased to $0.8 million compared to $8 million in 2016 Adjusted EBITDA increased 88% to $26 millionBookings increased 29% to a record $147 millionCash flows from operations increased 102% to a record $33 million

Fiscal Year Financial... More