earnings
confidence high
sentiment positive
materiality 0.75
Kadant reports record Q2 revenue $245M, up 11% YoY; raises earnings guidance
KADANT INC
2023-Q2 EPS reported
$4.94
revenue$474,811,000
- GAAP diluted EPS $2.54, up 13% YoY; adjusted EPS also $2.54 (record).
- Net income $30M (+14%); adjusted EBITDA record $52M (21.0% margin).
- Operating cash flow $22M, up 20% vs prior year.
- Bookings fell 19% to $215M; backlog remains elevated at $363M.
- Company raised full-year earnings guidance on strong Q2 performance.