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Jan 02, 2021
Kadant Q4 2020 Earnings Report
Reported financial results with record bookings, operating cash flow, and free cash flow.
Key Takeaways
Kadant reported a decrease in revenue but an increase in GAAP diluted EPS. Bookings increased by 23% to a record $197 million, and free cash flow increased by 7% to a record $38 million.
Operating cash flow increased 3% to a record $40 million.
Free cash flow increased 7% to a record $38 million.
Bookings increased 23% to a record $197 million.
GAAP diluted EPS increased 84% to $1.40.
Forward Guidance
The company expects demand to improve as industrial production continues to strengthen. However, due to the uncertainty in how global markets may respond to the pandemic, they will not be providing guidance at this time.
Positive Outlook
- Demand is expected to improve as industrial production continues to strengthen.
- Global footprint and the diversity of product offerings have provided stability.
- Well-positioned to capitalize on new opportunities
- Well-positioned to accelerate revenue growth
- Record bookings in the fourth quarter were led by strong capital project activity and solid contributions from parts and consumables
Challenges Ahead
- Uncertainty in how global markets may respond to the pandemic.
- Vaccine distribution has proven to be uneven around the world.
- Recent strengthening in demand
Historical Earnings Impact
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Avg. Return Before/After Earnings
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