Kadant (KAI) Tops Q3 EPS by 15c, Revenues Beat; Lowers FY18 EPS/Revenue Outlook Below Consensus
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/15/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- SanDisk upgraded at JPMorgan after investor day; shares climb
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
Kadant Reports 2018 Third Quarter Results
October 29, 2018 4:25 PM EDTReports 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