secwatch.observer — SEC 8-K summary
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Issuer:     KADANT INC (KAI)
CIK:        0000886346
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000886346-23-000149
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886346/000088634623000149/0000886346-23-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886346/000088634623000149/kai-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000886346-23-000149

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer