Kadant (KAI) Tops Q1 EPS by 11c, Revenues Beat; Lifts FY19 EPS/Revenue Mid-Point Guidance, Affirms Q2 EPS/Revenue Views Below Consensus

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Go back to Kadant (KAI) Tops Q1 EPS by 11c, Revenues Beat; Lifts FY19 EPS/Revenue Mid-Point Guidance, Affirms Q2 EPS/Revenue Views Below Consensus

Kadant Reports 2019 First Quarter Results

April 29, 2019 4:31 PM EDT

WESTFORD, Mass., April 29, 2019 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended March 30, 2019.

First Quarter 2019 Highlights

Revenue increased 15% to a record $171 millionGAAP diluted EPS was unchanged at $0.96Adjusted diluted EPS increased 16% to $1.24Net income was unchanged at $11 millionAdjusted EBITDA increased 27% to $30 million and represented 17.5% of revenueGross margin was 41.2%Bookings increased 1% to a record $184 millionRevenue and bookings for parts and consumables were a record at $113 million and $120 million, respectivelyBacklog increased 16%... More