Kadant (KAI) Tops Q2 EPS by 50c

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Go back to Kadant (KAI) Tops Q2 EPS by 50c

Kadant Reports Record Results for Second Quarter 2021

August 3, 2021 4:17 PM EDT

WESTFORD, Mass., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended July 3, 2021.

Second Quarter Financial Highlights with Records Achieved in Each of the Following Metrics

Bookings increased 60% to $213 million.Revenue increased 28% to $196 million.Operating cash flow increased 101% to $44 million.Free cash flow increased 100% to $42 million.Net income increased 97% to $23 million.GAAP diluted EPS increased 96% to $1.96.Adjusted diluted EPS increased 90% to $2.01.Adjusted EBITDA increased 56% to $41 million and represented 21.1%... More