Kadant Inc (KAI)

[AISI304]

KAI Reports 2017 Third Quarter Results; Raises Revenue and EPS Guidance for 2017

http://www.businesswire.com/news/home/20171030006259/en/

Third Quarter 2017 Highlights

- Acquired the businesses of NII FPG Company and Unaflex, LLC
- Revenue increased 45% to a record $153 million
- Gross margin was 42.3%
- GAAP diluted EPS increased 43% to a record $1.17
- Adjusted diluted EPS increased 84% to a record $1.49
- Net income increased 45% to a record $13 million
- Adjusted EBITDA increased 85% to a record $30 million and represented 20% of revenue
- Bookings increased 43% to a record $135 million