Brief: Kadant Reports First Quarter 2023 Results

Kadant

02/05/2023 23:15

Kadant Inc  KAI.N :
    * KADANT REPORTS FIRST QUARTER 2023 RESULTS
    * RAISING GUIDANCE FOR FULL YEAR
    * Q1 BACKLOG WAS  $393 MILLION
    * NOW EXPECT REVENUE OF $910 TO $935 MILLION IN 2023
    * NOW EXPECT GAAP EPS OF $8.82 TO $9.07 IN 2023
    * BOOKINGS INCREASED 3% TO RECORD $275 MILLION IN Q1
    * NOW EXPECT ADJUSTED EPS OF $8.90 TO $9.15 IN 2023
    * FOR Q2, EXPECT REVENUE OF $230 TO $235 MILLION, GAAP EPS
OF
$2.01 TO $2.11, ADJUSTED EPS OF $2.05 TO $2.15
    * Q1 EARNINGS PER SHARE VIEW $2.19, REVENUE VIEW $221.8
MILLION --
REFINITIV IBES DATA
    * Q2 EARNINGS PER SHARE VIEW $2.27, REVENUE VIEW $227.4
MILLION --
REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $9.22, REVENUE VIEW $918.5
MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX4dTHxV 
Further company coverage:  KAI.N