Kadant Reports Third Quarter 2024 Results
Kadant Inc (KAI)
Last kadant inc earnings: 4/29 04:34 pm
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US:NYSE Investor Relations:
investor.kadant.com/investor-overview
Company Research
Source: GlobeNewswire
WESTFORD, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended September 28, 2024. Third Quarter Financial Highlights Revenue increased 11% to $272 millionGross margin was 44.7%Operating cash flow increased 12% to $52 millionFree cash flow increased 27% to $48 millionNet income increased 2% to $32 millionGAAP EPS increased 2% to $2.68Adjusted EPS increased 6% to a record $2.84Adjusted EBITDA was a record $63 million and represented a record 23.3% of revenueBookings increased 15% to $240 million Note: Percent changes above are based on comparison to the prior year period. All references to earnings per share (EPS) are to our EPS as calculated on a diluted basis. Free cash flow, adjusted EPS, adjusted EBITDA, adjusted EBITDA margin, and changes in organic revenue are non-GAAP financial measures that exclude certain items as detailed later in this press release under the heading “Use of Non-GAAP Financial Measure
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News
- Kadant Inc. (NYSE: KAI) had its price target raised by analysts at Barrington Research from $360.00 to $410.00. They now have an "outperform" rating on the stock.MarketBeat
- Johnson Controls Stock Exhibits Strong Prospects Despite Headwinds [Yahoo! Finance]Yahoo! Finance
- Kadant Hosts 2024 Investor Day [Yahoo! Finance]Yahoo! Finance
- Kadant Hosts 2024 Investor DayGlobeNewswire
- Kadant (KAI) Upgraded to Buy: What Does It Mean for the Stock? [Yahoo! Finance]Yahoo! Finance
KAI
Earnings
- 10/29/24 - Beat
KAI
Sec Filings
- 12/12/24 - Form 8-K
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- KAI's page on the SEC website