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Kadant Q2 2023 Earnings Report

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$347.07 -4.92 (-1.40%)
(As of 04:33 PM ET)

Kadant EPS Results

Actual EPS
$2.54
Consensus EPS
$2.12
Beat/Miss
Beat by +$0.42
One Year Ago EPS
$2.24

Kadant Revenue Results

Actual Revenue
$245.00 million
Expected Revenue
$231.14 million
Beat/Miss
Beat by +$13.86 million
YoY Revenue Growth
+10.60%

Kadant Announcement Details

Quarter
Q2 2023
Time
After Market Closes

Conference Call Resources

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Kadant Earnings Headlines

What is William Blair's Forecast for Kadant Q3 Earnings?
Kadant price target raised to $410 from $360 at Barrington
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William Blair Forecasts Kadant's Q1 Earnings (NYSE:KAI)
See More Kadant Headlines
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About Kadant

Kadant (NYSE:KAI) supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems. The Industrial Processing segment develops, manufactures, and markets ring and rotary debarkers, stranders, chippers, engineered knife systems, industrial automation and control, recycling and approach flow systems, and virgin pulping process equipment for use in the packaging, tissue, wood products, and alternative fuel industries. The Material Handling segment offers conveying and vibratory equipment, and baling products; and manufactures and sells biodegradable absorbent granules for carriers in agricultural, home lawn and garden, professional lawn, turf, and ornamental applications, as well as for oil and grease absorption. The company markets and sells its products, services, and systems through direct sales, independent sales agents, and distributors. The company was formerly known as Thermo Fibertek, Inc. and changed its name to Kadant Inc. in July 2001. Kadant Inc. was incorporated in 1991 and is headquartered in Westford, Massachusetts.

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