secwatch.observer — SEC 8-K summary
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Issuer:     KADANT INC (KAI)
CIK:        0000886346
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000886346-23-000078
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886346/000088634623000078/0000886346-23-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886346/000088634623000078/kai-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000886346-23-000078

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