8-K
filed February 15, 2023, 6:59 PM ET
ticker KAI
CIK 0000886346
earnings
confidence high
sentiment positive
materiality 0.70
Kadant reports record FY2022 revenue $905M, GAAP EPS $10.35 (+44%); Q4 EPS $2.23 (+8%)
KADANT INC
2022-FY EPS reported
$10.35
revenue$904,739,000
- Q4 revenue $232M (+6% YoY); GAAP diluted EPS $2.23 (+8%); adjusted diluted EPS $2.33 (+1%).
- FY2022 revenue $905M (+15%); net income $121M (+44%); adjusted diluted EPS $9.24 (+18%).
- Q4 bookings down 7% to $215M; FY bookings up 7% to $958M; ending backlog $345M.
- FY2022 operating cash flow $103M, down 37% YoY; Q4 operating cash flow $35M, down 42%.
- Adjusted EBITDA margin 20.9% for FY (record); Q4 margin 21.3%.
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 the fiscal year ended December 31, 2022 results: revenue $905 million, net income $121 million, EPS $10.35.
- Period
- the fiscal year ended December 31, 2022
- Revenue
- $905 million
- Net income
- $121 million
- EPS
- $10.35
- Result
- reported results
Exact text from the filing
Fiscal Year Financial Highlights • Revenue increased 15% to $905 million* • Bookings increased 7% to $958 million* • Net income increased 44% to $121 million* • GAAP diluted EPS increased 44% to $10.35* • Adjusted diluted EPS increased 18% to $9.24* • Adjusted EBITDA increased 19% to $189 million* and represented 20.9%* of revenue • Operating cash flow decreased 37% to $103 million • Ending backlog was $345 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
KADANT INC reported the fourth quarter ended December 31, 2022 results: revenue $232 million, net income $26 million, EPS $2.23.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $232 million
- Net income
- $26 million
- EPS
- $2.23
- Result
- reported results
Exact text from the filing
Kadant Reports Fourth Quarter and Fiscal Year 2022 Results WESTFORD, Mass., February 15, 2023 - Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter Financial Highlights • Revenue increased 6% to $232 million* • Bookings decreased 7% to $215 million • Net income increased 8% to $26 million • GAAP diluted EPS increased 8% to $2.23 • Adjusted diluted EPS increased 1% to $2.33 • Adjusted EBITDA increased 10% to $50 million* and represented 21.3%* of revenue • Operating cash flow decreased 42% to $35 million
View on SEC.gov
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