Kadant (KAI) Tops Q4 EPS by 31c, Offers Guidance
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Kadant Reports Fourth Quarter and Fiscal Year 2018 Results
February 13, 2019 4:28 PM ESTWESTFORD, Mass., Feb. 13, 2019 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 29, 2018.
Fourth Quarter Financial Highlights
Revenue increased 10% to $164 millionGross margin was 43.3% GAAP diluted EPS increased to $1.61 compared to $0.07 in 2017Adjusted diluted EPS increased 46% from $1.14 to a record $1.66Net income increased to $18.4 million compared to $0.8 million in 2017Adjusted EBITDA increased 20% to $32 millionBookings were $147 millionCash flows from operations decreased 68% to $10 millionFiscal Year Financial... More
