Kadant Reports Fourth Quarter and Fiscal Year 2019 Results
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Kadant (KAI) Tops Q4 EPS by 4c, Revenues Beat; Offers EPS/Revenues Guidance Below Consensus
February 12, 2020 5:12 PM ESTKadant (NYSE: KAI) reported Q4 EPS of $1.32, $0.04 better than the analyst estimate of $1.28. Revenue for the quarter came in at $183 million versus the consensus estimate of $173.42 million.
Fourth Quarter Financial Highlights
Revenue increased 11% to $183 millionGAAP diluted EPS decreased to $0.76 compared to $1.61 in 2018Adjusted diluted EPS decreased 20% to $1.32Net income decreased to $8.7 million compared to $18.4 million in 2018Adjusted EBITDA increased 1% to $32 millionBookings increased 9% to $160 millionCash flows from operations were a record $39 millionManagement CommentaryThe fourth quarter was a solid finish to another record-setting year, said... More
