Kadant Reports 2019 First Quarter Results
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Kadant (KAI) Tops Q1 EPS by 11c, Revenues Beat; Lifts FY19 EPS/Revenue Mid-Point Guidance, Affirms Q2 EPS/Revenue Views Below Consensus
April 29, 2019 4:41 PM EDTKadant (NYSE: KAI) reported Q1 EPS of $1.24, $0.11 better than the analyst estimate of $1.13. Revenue for the quarter came in at $171 million versus the consensus estimate of $164.3 million.
Revenue increased 15% to a record $171 millionGAAP diluted EPS was unchanged at $0.96Adjusted diluted EPS increased 16% to $1.24Net income was unchanged at $11 millionAdjusted EBITDA increased 27% to $30 million and represented... More