Kadant (KAI) Tops Q4 EPS by 4c, Revenues Beat; Offers EPS/Revenues Guidance Below Consensus

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Go back to Kadant (KAI) Tops Q4 EPS by 4c, Revenues Beat; Offers EPS/Revenues Guidance Below Consensus

Kadant Reports Fourth Quarter and Fiscal Year 2019 Results

February 12, 2020 5:06 PM EST

WESTFORD, Mass., Feb. 12, 2020 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 28, 2019.

Fourth Quarter Financial Highlights

Revenue increased 11% to $183 millionGAAP diluted EPS decreased to $0.76 compared to $1.61 in 2018Adjusted diluted EPS decreased 20% to $1.32Net income decreased to $8.7 million compared to $18.4 million in 2018Adjusted EBITDA increased 1% to $32 millionBookings increased 9% to $160 millionCash flows from operations were a record $39 million

Fiscal Year Financial Highlights

Revenue increased 11% to $705 millionGAAP... More