earnings
confidence high
sentiment positive
materiality 0.75
Kadant Q2 revenue up 23% to record $313M; adjusted EPS $3.42 (+26%)
KADANT INC
- Bookings rose 16% to $312M; backlog $340M.
- Gross margin fell 210 bps to 43.8%; net income up 24% to $32M.
- GAAP EPS $2.75 (+24%); adjusted EPS $3.42 (record, +26%).
- Adjusted EBITDA record $68M (21.8% of revenue, +30%).
- Operating cash flow up 32% to $54M.