secwatch.observer — SEC 8-K summary
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Issuer:     KADANT INC (KAI)
CIK:        0000886346
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0000886346-22-000081
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kadant Q1 revenue and earnings beat; raises full year 2022 guidance
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- Record Q1 revenue of $226M (+31% YoY); bookings up 30% to record $266M.
- GAAP diluted EPS $3.53 (+147%); adjusted diluted EPS $2.28 (+49%).
- Net income $41M includes $15M after-tax gain on sale of facility.
- Adjusted EBITDA record $46M (20.2% of revenue), up 41% YoY.
- Raises full year 2022 earnings guidance; backlog at record $348M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886346/000088634622000081/0000886346-22-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886346/000088634622000081/kai-20220503.htm
  HTML page:      https://secwatch.observer/filing/0000886346-22-000081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer