Kadant(KAI) - 2023 Q2 - Earnings Call Transcript

Bookings in our Material Handling segment were down 19% compared to the same period last year, largely due to reduced capital project activity in our billing product line. The record-setting revenue volume combined with solid execution by our businesses in this segment helped boost adjusted EBITDA margin to a record 22.9% in the quarter. We are encouraged by the number of infrastructure projects already underway and the additional projects being planned since the passage of the infrastructure bill in the U. ...