Kadant(KAI) - 2024 Q1 - Earnings Call Presentation
Kadant(KAI)2024-05-02 05:09
April 30, 2024 Revenue increased 8% to a record $249 million Gross margin was 44.6% Adjusted gross margin was 45.5% excluding acquisition-related costs Operating cash flow decreased 38% to $23 million Net income decreased 12% to $25 million GAAP EPS decreased 13% to $2.10 Adjusted EPS decreased 1% to $2.38 Adjusted EBITDA increased 8% to $52 million and represented 21.0% of revenue Bookings decreased 10% to $248 million from an unprecedented record $275 million Management Commentary Summary and Outlook Conf ...