Kadant Inc (KAI)

[AISI304]

KAI revenue increased 41% to a record $155MM

http://investor.kadant.com/news-releases/news-release-details/kadant-reports-2018-second-quarter-results

Second Quarter 2018 Highlights

* Revenue increased 41% to a record $155 million
* GAAP diluted EPS increased 50% to $1.08
* Adjusted diluted EPS increased 3% to $1.07
* Net income increased 53% to $12 million
* Adjusted EBITDA increased 37% to $26 million and represented 17% of revenue
* Gross margin was 44.0%
* Bookings increased 47% to $176 million
* Backlog increased 8% sequentially to a record $194 million
* Cash flow from operations increased 20% to $28 million

Note: Adjusted diluted EPS, adjusted EBITDA, and adjusted EBITDA margin are non-GAAP financial measures that exclude certain items as detailed later in this press release under the heading “Use of Non-GAAP Financial Measures.”