Kadant (KAI) Tops Q3 EPS by 34c
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Kadant Reports Third Quarter 2020 Results
October 27, 2020 5:01 PM EDTWESTFORD, 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
