Brief: Kadant Reports Fourth Quarter And Fiscal Year 2019 Results

Kadant

12/02/2020 22:29

Feb 12 (Reuters) - Kadant Inc  KAI.N :
    * KADANT REPORTS FOURTH QUARTER AND FISCAL YEAR 2019 RESULTS
    * SEES Q1 2020 GAAP EARNINGS PER SHARE $0.80 TO $1.08
    * SEES FY 2020 GAAP EARNINGS PER SHARE $4.98 TO $5.08
    * Q4 ADJUSTED EARNINGS PER SHARE $1.32
    * Q4 GAAP EARNINGS PER SHARE $4.54
    * SEES Q1 2020 REVENUE $153 MILLION TO $163 MILLION
    * SEES FY 2020 REVENUE $690 MILLION TO $700 MILLION
    * Q4 REVENUE ROSE 11 PERCENT TO $704.6 MILLION
    * Q4 REVENUE ESTIMATE $173.4 MILLION -- REFINITIV IBES DATA
    * Q4 EARNINGS PER SHARE ESTIMATE $1.28 -- REFINITIV IBES
DATA
    * QTRLY REVENUE INCREASED 11% TO $183 MILLION
    * QTRLY BOOKINGS INCREASED NINE PERCENT TO $159.8 MILLION
COMPARED
TO $147.1 MILLION IN 2018
    * WIDE GUIDANCE RANGE FOR Q1 IS DUE TO UNCERTAINTY
SURROUNDING
IMPACT OF CORONAVIRUS IN CHINA & GOVERNMENT-MANDATED BUSINESS
CLOSURES
    * KADANT - SUBSIDIARIES IN CHINA RECEIVED PERMISSION TO
RE-OPEN
WITH SIGNIFICANT RESTRICTIONS EARLIER THIS WEEK
    * KADANT - RESTRICTIONS EXTENDED OR THERE IS BROADER IMPACT
ON
CUSTOMERS OR SUPPLIERS, IMPACT COULD AFFECT TIMING OF SHIPMENTS
& FINANCIAL RESULTS IN Q1

Source text for Eikon:  ID:nGNX51HcWj 
Further company coverage:  KAI.N 

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