Brief: Kadant Reports 2019 Q1 Results

Kadant

29/04/2019 22:38

April 29 (Reuters) - Kadant Inc  KAI.N :
    * KADANT REPORTS 2019 FIRST QUARTER RESULTS
    * SEES Q2 2019 GAAP EARNINGS PER SHARE $0.99 TO $1.05
    * Q1 ADJUSTED EARNINGS PER SHARE $1.24
    * Q1 GAAP EARNINGS PER SHARE $0.96
    * SEES Q2 2019 REVENUE $165 MILLION TO $170 MILLION
    * Q1 REVENUE $171.3 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$164.3 MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $1.13 -- REFINITIV IBES
DATA
    * SEES FY 2019 ADJUSTED EARNINGS PER SHARE $5.20 TO $5.35
EXCLUDING ITEMS
    * SEES Q2 2019 ADJUSTED EARNINGS PER SHARE $1.07 TO $1.13
EXCLUDING ITEMS
    * PERIOD END BACKLOG INCREASED 16% SEQUENTIALLY TO A RECORD
$200
MILLION
    * QTRLY BOOKINGS INCREASED 1% TO A RECORD $184 MILLION
    * FOR 2019, REAFFIRMING ADJUSTED DILUTED EPS AND REVENUE
GUIDANCE
    * NOW EXPECT TO ACHIEVE GAAP DILUTED EPS OF $4.84 TO $4.99
ON
REVENUE OF $700 TO $710 MILLION FOR 2019

Source text for Eikon:  ID:nGNX8vYG0B 
Further company coverage:  KAI.N 

 (Reuters.Briefs@thomsonreuters.com)