Brief: Kadant Q2 Adjusted Earnings Per Share $1.06

Kadant

28/07/2020 23:34

July 28 (Reuters) - Kadant Inc  KAI.N :
    * KADANT REPORTS SECOND QUARTER 2020 RESULTS
    * Q2 ADJUSTED EARNINGS PER SHARE $1.06
    * Q2 GAAP EARNINGS PER SHARE $1.00
    * Q2 REVENUE $153 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$150
MILLION
    * Q2 EARNINGS PER SHARE ESTIMATE $0.74 -- REFINITIV IBES
DATA
    * QTRLY BOOKINGS DECREASED 24% TO $133 MILLION
    * WILL NOT BE PROVIDING GUIDANCE AT THIS TIME
    * EXPECT Q3 WILL BE OUR WEAKEST QUARTER OF YEAR
    * ANTICIPATING AN IMPROVEMENT IN BUSINESS ACTIVITY IN Q4

Source text for Eikon:  ID:nGNX1C6m2k 
Further company coverage:  KAI.N 

 ((Reuters Messaging: Reuters.Briefs@thomsonreuters.com))