Kadant Reports Fourth Quarter and Fiscal Year 2023 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
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Source: GlobeNewswire
WESTFORD, Mass., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 30, 2023. Fourth Quarter Financial Highlights Revenue increased 3% to $239 million Operating cash flow increased 68% to $59 millionFree cash flow increased 114% to $49 millionNet income increased 5% to $27 millionGAAP EPS increased 4% to $2.33Adjusted EPS increased 3% to $2.41Adjusted EBITDA decreased 2% to $48 million and represented 20.3% of revenueBookings increased 1% to $218 million Fiscal Year Financial Highlights Revenue increased 6% to a record $958 million Operating cash flow increased 61% to a record $166 millionFree cash flow increased 80% to $134 millionNet income decreased 4% to $116 millionGAAP EPS decreased 4% to $9.90 compared to 2022 which included a $1.30 gain on sale of a facilityAdjusted EPS increased 9% to a record $10.04Adjusted EBITDA increased 6% to a record $201 million and represented a rec
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KAI
News
- Kadant Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Kadant Reports First Quarter 2024 ResultsGlobeNewswire
- 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
- Kadant to Hold Earnings Conference Call on Wednesday, May 1, 2024GlobeNewswire
- Kadant's (NYSE:KAI) five-year total shareholder returns outpace the underlying earnings growth [Yahoo! Finance]Yahoo! Finance
KAI
Earnings
- 4/30/24 - Beat
KAI
Sec Filings
- 4/30/24 - Form 8-K
- 3/27/24 - Form DEFA14A
- 3/27/24 - Form DEF
- KAI's page on the SEC website