Brief: Kadant Reports First Quarter 2020 Results

Kadant

29/04/2020 22:48

April 29 (Reuters) - Kadant Inc  KAI.N :
    * KADANT REPORTS FIRST QUARTER 2020 RESULTS
    * Q1 ADJUSTED EARNINGS PER SHARE $1.09
    * Q1 GAAP EARNINGS PER SHARE $1.09
    * Q1 EARNINGS PER SHARE ESTIMATE $0.83 -- REFINITIV IBES
DATA
    * Q1 REVENUE $159 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$156.3
MILLION
    * QUARTERLY BOOKINGS DECREASED 4% TO $176 MILLION
    * KADANT - GIVEN CURRENT UNCERTAINTY AND INABILITY TO
ACCURATELY
FORECAST TIMING OF ORDERS, WILL NOT BE PROVIDING Q2 GUIDANCE,
WITHDRAWING 2020 GUIDANCE

Source text for Eikon:  ID:nGNX2ZvY7s 
Further company coverage:  KAI.N 

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