Kadant reports record Q1 bookings of $275M, raises full-year EPS guidance

KADANT INC

2023-Q1 EPS reported $2.40 revenue$229,758,000

Bookings rose 3% YoY to a record $275M; revenue up 1% to $230M.
GAAP net income $28M ($2.40 EPS), down 32% YoY; adjusted EPS up 5% to record $2.40.
Adjusted EBITDA $49M (21.1% of revenue), up 6%; operating cash flow up 55% to $37M.
Backlog reached record $393M; company raised full-year earnings guidance.
Segment details not provided in release but cited record performance across most lines.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KADANT INC reported first quarter ended April 1, 2023 results: revenue $230 million, net income $28 million, EPS $2.40. Guidance raised.

Period: first quarter ended April 1, 2023
Revenue: $230 million
Net income: $28 million
EPS: $2.40
Guidance: raised
Result: reported results

Exact text from the filing

Revenue increased 1% to $230 million • Net income decreased 32% to $28 million • GAAP EPS decreased 32% to $2.40

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Source: SEC EDGAR

accession 0000886346-23-000078

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