Kadant Reports First Quarter 2020 Results
Kadant Inc (KAI)
Last kadant inc earnings: 4/29 04:34 pm
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US:NYSE Investor Relations:
investor.kadant.com/investor-overview
Company Research
Source: GlobeNewswire
WESTFORD, Mass., April 29, 2020 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended March 28, 2020. Business Update Related to COVID-19 Designated by the U.S. Department of Homeland Security as a critical infrastructure company.Safeguarding our workplaces and protecting the safety of our employees.All manufacturing plants are fully operational, serving the needs of our customers.Working closely with our supply chain to minimize any potential disruption.Our balance sheet remains healthy and our liquidity position is solid. First Quarter 2020 Financial Highlights Bookings decreased 4% to $176 million.Revenue decreased 7% to $159 million and was within our guidance range.GAAP diluted EPS increased 14% to $1.09 exceeding the high end of our guidance.Adjusted diluted EPS decreased 12% to $1.09.Net income increased 15% to $13 million.Adjusted EBITDA decreased 9% to $27 million and represented 17.1% of revenue.Cash was $62 million at q
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KAI
Earnings
- 10/28/25 - Beat
KAI
Sec Filings
- 1/6/26 - Form 4
- 1/6/26 - Form 4
- 1/6/26 - Form 4
- KAI's page on the SEC website