Kadant (KAI) Tops Q3 EPS by 34c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/4/2026

1. AMD
2. AMGN
3. BKNG
4. DOX
5. DUOL
6. ANET
7. SWKS
8. SPY
9. XYZ
10. FISV

Go back to Kadant (KAI) Tops Q3 EPS by 34c

Kadant Reports Third Quarter 2020 Results

October 27, 2020 5:01 PM EDT

WESTFORD, Mass., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended September 26, 2020.

Third Quarter 2020 Financial Highlights

Operating cash flow was $24 million and free cash flow was $23 million.Bookings decreased 16% to $143 million.Revenue decreased 11% to $155 million.GAAP diluted EPS decreased 9% to $1.28.Adjusted diluted EPS decreased 5% to $1.31.Net income decreased 8% to $15 million.Adjusted EBITDA decreased 7% to $30 million and represented 19.4% of revenue.

Note: Percent changes above are based on comparison... More