Kadant Q3 revenue up 12% to $225M, adjusted EPS record $2.38, bookings down 14%

KADANT INC

2022-Q3 EPS reported $8.12 revenue$672,639,000

Revenue $225M (+12% YoY); bookings $211M (-14%); backlog $350M.
GAAP diluted EPS $2.35 (+34%); adjusted diluted EPS $2.38 (+21%).
Adjusted EBITDA record $48M (21.3% of revenue, +17% YoY).
Operating cash flow $25M (-34% vs prior year).
Net income $27M, up 34% from $20M in Q3 2021.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KADANT INC reported third quarter ended October 1, 2022 results: revenue $225 million, net income $27 million, EPS $2.35.

Period: third quarter ended October 1, 2022
Revenue: $225 million
Net income: $27 million
EPS: $2.35
Result: reported results

Exact text from the filing

Revenue increased 12% to $225 million. • Bookings decreased 14% to $211 million. • Net income increased 34% to $27 million. • GAAP diluted EPS increased 34% to $2.35.

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Source: SEC EDGAR

accession 0000886346-22-000145

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