Kadant Q3 revenue up 9% to $244M; adjusted EPS record $2.69; raises guidance

KADANT INC

2023-Q3 EPS reported $7.57 revenue$718,993,000

Revenue $244M (+9% YoY); GAAP EPS $2.63 (+12%); adjusted EPS $2.69 (+13%), a record.
Adjusted EBITDA record $53M (21.6% of revenue); operating cash flow $47M (+89%); free cash flow $38M (+106%).
Net income $31M (+12%); bookings $210M (-1%); backlog $324M.
Company raises full-year 2023 revenue and earnings guidance.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KADANT INC reported the third quarter ended September 30, 2023 results: revenue $244 million, net income $31 million, EPS $2.63. Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $244 million
Net income: $31 million
EPS: $2.63
Guidance: raised
Result: reported results

Exact text from the filing

31, 2023 - Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended September 30, 2023. Third Quarter Financial Highlights • Revenue increased 9% to $244 million • Operating cash flow increased 89% to $47 million • Free cash flow increased 106% to $38 million • Net income increased 12% to $31 million • GAAP EPS increased 12% to $2.63 •

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Source: SEC EDGAR

accession 0000886346-23-000149

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