Kadant (KAI) Tops Q3 EPS by 15c, Revenues Beat; Lowers FY18 EPS/Revenue Outlook Below Consensus

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Go back to Kadant (KAI) Tops Q3 EPS by 15c, Revenues Beat; Lowers FY18 EPS/Revenue Outlook Below Consensus

Kadant Reports 2018 Third Quarter Results

October 29, 2018 4:25 PM EDT

Reports Record Revenue and Diluted EPS

WESTFORD, Mass., Oct. 29, 2018 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended September 29, 2018.

Third Quarter 2018 Highlights

Revenue increased 8% to a record $166 millionGAAP diluted EPS increased 40% to a record $1.64Adjusted diluted EPS increased 3% to a record $1.53Net income increased 41% to $19 millionAdjusted EBITDA increased 11% to a record $34 million and represented 20% of revenueGross margin was 44.1%Bookings increased 22% to $165 millionBacklog was... More