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Stock impact report

General Industrial Machinery Stocks Q4 Recap: Benchmarking Kadant (NYSE:KAI) [Yahoo! Finance]

Kadant Inc (KAI) 
Last kadant inc earnings: 4/29 04:34 pm Check Earnings Report
US:NYSE Investor Relations: investor.kadant.com/investor-overview
Company Research Source: Yahoo! Finance
Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand for general industrial machinery companies. Those who innovate and create digitized solutions can spur sales and speed up replacement cycles, but all general industrial machinery companies are still at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. The 14 general industrial machinery stocks we track reported a slower Q4. As a group, revenues beat analysts' consensus estimates by 2.6% while next quarter's revenue guidance was 2.5% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.4% since the latest earnings results. Headquartered in Massachusetts, Kadant (NYSE:KAI) is a global supplier of high-value, critical components and engineered systems used in process indust Show less Read more
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