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Apr 03, 2021
Kadant Q1 2021 Earnings Report
Kadant reported an increase in revenue, record bookings, and improved cash flow in the first quarter of 2021.
Key Takeaways
Kadant Inc. reported strong first-quarter results with record bookings and backlog, driven by strong demand in the Industrial Processing and Flow Control segments. Revenue and earnings per share both increased, and the company is optimistic for the remainder of the year, raising its revenue expectation.
Bookings increased 16% to a record $204 million.
Operating cash flow increased 209% to $19 million.
Revenue increased 8% to $172 million.
GAAP diluted EPS and adjusted diluted EPS both increased 31% to $1.43.
Kadant
Kadant
Forward Guidance
Kadant is increasing its revenue expectation to $710 to $730 million for 2021.