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Dec 28, 2019
Kadant Q4 2019 Earnings Report
Kadant's Q4 2019 results were reported, featuring an 11% increase in revenue, a decrease in GAAP diluted EPS, and a rise in bookings.
Key Takeaways
Kadant reported solid Q4 2019 results with an 11% increase in revenue to $183 million and a 9% increase in bookings to $160 million. However, GAAP diluted EPS decreased to $0.76, and net income also decreased to $8.7 million. Adjusted EBITDA saw a slight increase of 1% to $32 million.
Revenue increased by 11% to $183 million.
GAAP diluted EPS decreased to $0.76.
Bookings increased by 9% to $160 million.
Adjusted EBITDA increased by 1% to $32 million.
Forward Guidance
Kadant expects full year GAAP diluted EPS of $4.98 to $5.08 in 2020 on revenue of $690 to $700 million. For the first quarter of 2020, the company expects GAAP diluted EPS of $0.80 to $1.08 on revenue of $153 to $163 million.
Positive Outlook
- Healthy balance sheet
- Strong operating cash flows
- Full year GAAP diluted EPS of $4.98 to $5.08 expected in 2020
- Revenue of $690 to $700 million expected in 2020
- Adjusted diluted EPS of $5.00 to $5.10 expected in 2020
Challenges Ahead
- Challenging environment for industrial markets in 2020
- Uncertainty surrounding the impact of the coronavirus in China
- Government-mandated business closures in China
- Potential impact on timing of shipments
Historical Earnings Impact
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Avg. Return Before/After Earnings
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