Kadant (KAI) Tops Q4 EPS by 23c
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Kadant Reports Fourth Quarter and Fiscal Year 2020 Results
February 17, 2021 4:55 PM ESTRecord Bookings, Operating Cash Flow, and Free Cash Flow in Q4 2020
WESTFORD, Mass., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended January 2, 2021.
Fourth Quarter Financial Highlights
Operating cash flow increased 3% to a record $40 million.Free cash flow increased 7% to a record $38 million.Bookings increased 23% to a record $197 million.Revenue decreased 8% to $168 million.GAAP diluted EPS increased 84% to $1.40.Adjusted diluted EPS increased 17% to... More