Kadant (KAI) Q1 Earnings and Revenues Surpass Estimates

Kadant (KAI) came out with quarterly earnings of $2.10 per share, beating the Zacks Consensus Estimate of$ 1.97 per share. This compares to earnings of $2.38 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 6.60%. A quarter ago, it was expected that this equipment supplier for the papermaking and paper recycling industries would post earnings of$ 2.08 per share when it actually produced earnings of $2.25, delivering a surpris ...