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Mar 28, 2020
Kadant Q1 2020 Earnings Report
Kadant's first quarter results reflected employee dedication leading to EPS beat and solid revenue performance.
Key Takeaways
Kadant reported a decrease in revenue by 7% to $159 million, but GAAP diluted EPS increased by 14% to $1.09. The company's bookings decreased by 4% to $176 million. Net income increased 15% to $13 million. Adjusted EBITDA decreased 9% to $27 million.
Bookings decreased 4% to $176 million.
Revenue decreased 7% to $159 million and was within our guidance range.
GAAP diluted EPS increased 14% to $1.09 exceeding the high end of our guidance.
Adjusted EBITDA decreased 9% to $27 million and represented 17.1% of revenue.
Forward Guidance
Given the current uncertainty and our inability to accurately forecast the timing of orders, we will not be providing guidance for the second quarter of 2020 and are withdrawing our guidance for full year 2020. Despite this uncertainty, the long-term fundamentals of our markets remain strong.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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