Kadant Reports 2018 Second Quarter Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/11/2026
- S&P 500, Dow futures attempt recovery ahead of inflation report
- Oracle raises full year profit guidance, stock rises after hours
- Oil surges 6%, Brent and US crude both surpass $100 on more tanker attacks
- Analysts split on Apple after foldable iPhone Duo debut
- JPMorgan upgrades Meta on AI models and agents, sees 'meaningful headroom'
- White House copper tariff plan stalls amid affordability concerns, sources say
- Micron's Taiwan workers to get rewards worth up to 68 months of pay
- Crude Inventory 0.4M Barrels Last Week - EIA
- Vertiv shares drop on acquisition skepticism, AI pullback
- Copart nears $2B all-cash deal to acquire ACV Auctions - Bloomberg
- After-Hours Movers: ORCL, CRWV, ADBE, ACVA, CPRT, ZUMZ, PMTS, RH
- After-Hours Movers: COO, AEO, NAVN, AVAV, TORO
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
Kadant (KAI) Tops Q2 EPS by 7c, Revenues Beat; Lowers FY18 EPS View Due to 'FX & Tariffs,' Boosts FY18 Revenue Outlook
July 30, 2018 4:56 PM EDTKadant (NYSE: KAI) reported Q2 EPS of $1.07, $0.07 better than the analyst estimate of $1.00. Revenue for the quarter came in at $155 million versus the consensus estimate of $149.94 million.
Revenue increased 41% to a record $155 millionGAAP diluted EPS increased 50% to $1.08Adjusted diluted EPS increased 3% to $1.07Net income increased 53% to $12 millionAdjusted EBITDA increased 37% to $26 million and represented 17% of revenueGross margin was 44.0%Bookings increased 47% to $176 millionBacklog increased 8% sequentially to a record $194 millionCash flow from operations increased 20% to $28 million
Management Commentary
The strong start we... More
