secwatch.observer — SEC 8-K summary
======================================

Issuer:     KADANT INC (KAI)
CIK:        0000886346
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000886346-24-000089
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886346/000088634624000089/0000886346-24-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886346/000088634624000089/kai-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000886346-24-000089

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