Kadant Inc (KAI)

[AISI304]

Kadant, Inc. Reports Record Revenue and Diluted EPS

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Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended September 29, 2018.


Kadant, Inc. Reports Record Revenue and Diluted EPS

Third Quarter 2018 Highlights

- Revenue increased 8% to a record $166 million

- GAAP diluted EPS increased 40% to a record $1.64

- Adjusted diluted EPS increased 3% to a record $1.53

- Net income increased 41% to $19 million

- Adjusted EBITDA increased 11% to a record $34 million and represented 20% of revenue

- Gross margin was 44.1%

- Bookings increased 22% to $165 million

- Backlog was $192 million

- Cash flow from operations was $17 million