Kadant posts record Q2 2021; revenue up 28%, adjusted EPS up 90% YoY

KADANT INC

2021-Q2 EPS reported $3.39 revenue$368,274,000

Revenue $196M (+28% YoY); GAAP diluted EPS $1.96 (+96%); net income $23M (+97%).
Adjusted diluted EPS $2.01 (+90%); adjusted EBITDA $41M (21.1% of revenue).
Bookings $213M (+60% YoY); backlog $242M, reflecting strong demand.
Operating cash flow $44M (+101%); free cash flow $42M (+100%).

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