Kadant (KAI) Tops Q4 EPS by 31c
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Kadant Reports Fourth Quarter and Fiscal Year 2021 Results
February 16, 2022 4:39 PM ESTWESTFORD, Mass., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended January 1, 2022.
Fourth Quarter Financial Highlights
Operating cash flow increased 51% to a record $61 million.Free cash flow increased 47% to a record $56 million.Bookings increased 17% to $231 million.Revenue increased 30% to a record $219 million.GAAP diluted EPS increased 48% to a record $2.07.Adjusted diluted EPS increased 50% to a record $2.31.Net income increased 49% to $24 million.Adjusted EBITDA was a record $45... More