Kadant Reports First Quarter 2024 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 30, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended March 30, 2024. First Quarter Financial Highlights Revenue increased 8% to a record $249 millionGross margin was 44.6%Adjusted gross margin was 45.5% excluding acquisition-related costsOperating cash flow decreased 38% to $23 millionNet income decreased 12% to $25 millionGAAP EPS decreased 13% to $2.10Adjusted EPS decreased 1% to $2.38Adjusted EBITDA increased 8% to $52 million and represented 21.0% of revenueBookings decreased 10% to $248 million from an unprecedented record $275 million Note: Percent changes above are based on comparison to the prior year period. All references to earnings per share (EPS) are to our EPS as calculated on a diluted basis. Adjusted gross margin, adjusted EPS, adjusted EBITDA, adjusted EBITDA margin, and changes in organic revenue are non-GAAP financial measures that exclude certain items as detailed later in this p
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News
- Kadant Inc. (NYSE:KAI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Kadant First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Kadant Inc. (NYSE: KAI) had its "outperform" rating re-affirmed by analysts at William Blair.MarketBeat
- Kadant Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Kadant Inc. (NYSE: KAI) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $360.00 price target on the stock.MarketBeat
KAI
Earnings
- 4/30/24 - Beat
KAI
Sec Filings
- 5/8/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 3/27/24 - Form DEFA14A
- KAI's page on the SEC website