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Stock impact report

Kadant Reports Fourth Quarter and Fiscal Year 2019 Results

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: GlobeNewswire
WESTFORD, Mass., Feb. 12, 2020 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 28, 2019. Fourth Quarter Financial Highlights Revenue increased 11% to $183 millionGAAP diluted EPS decreased to $0.76 compared to $1.61 in 2018Adjusted diluted EPS decreased 20% to $1.32Net income decreased to $8.7 million compared to $18.4 million in 2018Adjusted EBITDA increased 1% to $32 millionBookings increased 9% to $160 millionCash flows from operations were a record $39 million Fiscal Year Financial Highlights Revenue increased 11% to $705 millionGAAP diluted EPS decreased 14% to $4.54Adjusted diluted EPS was $5.36Net income decreased 14% to $52 millionAdjusted EBITDA increased 10% to $127 millionBookings increased 3% to $688 millionCash flows from operations increased 55% to a record $97 millionFree cash flow increased 88% to a record $87 million Note: Adjusted diluted EPS, adjusted EBITDA, and free cash flow a Show less Read more
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