Kadant Q1 record revenue $249M (+8%), GAAP EPS $2.10 (-13%), adjusted EPS $2.38 (-1%)

KADANT INC

2024-Q1 EPS reported $2.10 revenue$248,975,000

Revenue increased 8% to a record $249 million; GAAP net income $25M (-12%).
GAAP diluted EPS $2.10 (down 13% YoY); adjusted diluted EPS $2.38 (down 1%).
Adjusted EBITDA $52M (+8%), representing 21.0% of revenue.
Bookings decreased 10% to $248 million from prior-year record $275M.
Operating cash flow decreased 38% to $23 million.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

KADANT INC reported the first quarter ended March 30, 2024 results: net income $25 million, EPS $2.10.

Period: the first quarter ended March 30, 2024
Net income: $25 million
EPS: $2.10
Result: reported results

Exact text from the filing

Kadant Inc. (the “Company”) announced its financial results for the fiscal quarter ended March 30, 2024.

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Source: SEC EDGAR

accession 0000886346-24-000089

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