Kadant Reports Second Quarter 2024 Results
Kadant(KAI) GlobeNewswire News Room·2024-07-31 04:29
WESTFORD, Mass., July 30, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended June 29, 2024. Second Quarter Financial Highlights Revenue increased 12% to a record $275 million Gross margin was 44.4% Operating cash flow increased 25% to $28 million Free cash flow increased 69% to $23 million Net income increased 5% to $31 million GAAP EPS increased 5% to $2.66 Adjusted EPS increased 11% to a record $2.81 Adjusted EBITDA was a record $62 million and rep ...