Kadant (KAI) reported $271.61 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 11.2%. EPS of $2.84 for the same period compares to $2.69 a year ago.The reported revenue represents a surprise of +2.13% over the Zacks Consensus Estimate of $265.95 million. With the consensus EPS estimate being $2.43, the EPS surprise was +16.87%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Kadant (KAI) came out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $2.43 per share. This compares to earnings of $2.69 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 16.87%. A quarter ago, it was expected that this equipment supplier for the papermaking and paper recycling industries would post earnings of $2.43 per share when it actually produced earnings of $2.81, delivering a surprise ...

WESTFORD, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended September 28, 2024. Third Quarter Financial Highlights Revenue increased 11% to $272 millionGross margin was 44.7%Operating cash flow increased 12% to $52 millionFree cash flow increased 27% to $48 millionNet income increased 2% to $32 millionGAAP EPS increased 2% to $2.68Adjusted EPS increased 6% to a record $2.84Adjusted EBITDA was a record $63 million and represented a rec ...

WESTFORD, Mass., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2024 third quarter results after the market closes on Tuesday, October 29, 2024 and will hold a webcast the next day, Wednesday, October 30, 2024 at 11:00 a.m. eastern time. During the call the Company will discuss its third quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the “Investors” section of the Company’s website at www.kadant.com. Part ...

WESTFORD, Mass., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today it was named one of "America's Greatest Workplaces for Parents and Families 2024" by Newsweek magazine. The award recognizes 1,000 U.S. workplaces based on more than 693,000 reviews. "We are honored to be recognized for creating an environment that highly values our employees, their families, and our communities," said Jeffrey L. Powell, president and chief executive officer of Kadant. "Our people are our most valuab ...

Kadant (KAI) came out with quarterly earnings of $2.81 per share, beating the Zacks Consensus Estimate of $2.43 per share. This compares to earnings of $2.54 per share a year ago. These figures are adjusted for nonrecurring items. Kadant, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $274.77 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.91%. This compares to year-ago revenues of $245.05 million. The company has topped conse ...

One Technology Park Drive Westford, MA 01886 USA Tel: +1 978-776-2000 www.kadant.com PRESS RELEASE KADANT INC. Management Commentary "We had another well-executed quarter with record revenue, record adjusted EBITDA, and record adjusted EPS performance," said Jeffrey L. Powell, president and chief executive officer of Kadant Inc. "Record aftermarket demand combined with strong capital business helped to deliver these outstanding results. "The acquisitions we made in the first half of the year are progressing ...

WESTFORD, Mass., July 30, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended June 29, 2024. Second Quarter Financial Highlights Revenue increased 12% to a record $275 million Gross margin was 44.4% Operating cash flow increased 25% to $28 million Free cash flow increased 69% to $23 million Net income increased 5% to $31 million GAAP EPS increased 5% to $2.66 Adjusted EPS increased 11% to a record $2.81 Adjusted EBITDA was a record $62 million and rep ...

Kadant is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing. The Company's products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 3,500 employees in 20 countries worldwide. For more information, visit www.kadant.com. To listen to the live call and view the webcast, go to the "Investors" section of th ...

WESTFORD, Mass., July 25, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2024 second quarter results after the market closes on Tuesday, July 30, 2024 and will hold a webcast the next day, Wednesday, July 31, 2024 at 11:00 a.m. eastern time. During the call the Company will discuss its second quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at www.kadant.com. Particip ...