Kadant (KAI) Tops Q2 EPS by 32c
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Kadant Reports Second Quarter 2020 Results
July 28, 2020 5:05 PM EDTWESTFORD, Mass., July 28, 2020 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended June 27, 2020.
Second Quarter 2020 Financial Highlights
Bookings decreased 24% to $133 million.Revenue decreased 14% to $153 million.GAAP diluted EPS decreased 30% to $1.00.Adjusted diluted EPS decreased 25% to $1.06.Net income decreased 29% to $12 million.Adjusted EBITDA decreased 19% to $27 million and represented 17.4% of... More