Kadant (KAI) Tops Q1 EPS by 18c, Offers Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/23/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Kadant Reports First Quarter 2022 Results
May 3, 2022 4:46 PM EDTWESTFORD, Mass., May 03, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended April 2, 2022.
First Quarter Financial Highlights
Bookings increased 30% to a record $266 million.Revenue increased 31% to a record $226 million.Operating cash flow increased 24% to $24 million.Free cash flow increased 24% to $21 million.Net income was $41 million, including a $15 million after-tax gain on the sale of a facility.GAAP diluted EPS increased 147% to $3.53.Adjusted diluted EPS increased 49% to $2.28.Adjusted EBITDA increased 41% to a... More