Kadant (KAI) Tops Q1 EPS by 10c
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Kadant Reports 2017 First Quarter Results
May 2, 2017 4:06 PM EDTRaises Full-Year Revenue and EPS Guidance
WESTFORD, Mass.--(BUSINESS WIRE)-- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended April 1, 2017.
First Quarter 2017 Highlights
GAAP diluted EPS increased 29% to $0.80 and adjusted diluted EPS increased 11% Net income increased 30% to $9 million Adjusted EBITDA increased 11% to $15 million and represented 15% of revenue Revenue increased 7% to $103 million Gross margin was 47.6% Bookings increased 23% to a record $119 million... More