Kadant Reports First Quarter 2024 Results

WESTFORD, Mass., April 30, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the first quarter ended March 30, 2024. First Quarter Financial Highlights Revenue increased 8% to a record $249 millionGross margin was 44.6%Adjusted gross margin was 45.5% excluding acquisition-related costsOperating cash flow decreased 38% to$ 23 millionNet income decreased 12% to $25 millionGAAP EPS decreased 13% to$ 2.10Adjusted EPS decreased 1% to $2.38Adjusted EBITDA increased 8% to$ 52 milli ...