Kadant Inc. Reports Q4 Earnings, Tops Estimates

WESTFORD, Mass. - Kadant Inc. (KAI) reported a fourth-quarter profit of $24 million on Wednesday, with earnings per share of $2.04.

After adjusting for certain expenses, earnings came in at $2.25 per share, exceeding analyst consensus estimates of $2.08.

Revenue for the period reached $258 million, slightly below expectations of $258.1 million.

For the full year, Kadant recorded a profit of $111.6 million ($9.48 per share) on revenue of $1.05 billion.

Looking ahead, the company anticipates per-share earnings of $1.85 to $2.05 in the current quarter, along with revenue between $235 million and $242 million.

For the full fiscal year, Kadant projects earnings per share of $9.70 to $10.05 and revenue in the range of $1.04 billion to $1.07 billion.

This earnings report was generated using data from Zacks Investment Research. For more information, visit https://www.zacks.com/ap/KAI.