Brief: Kadant Reports Third Quarter 2022 Results

Kadant

01/11/2022 21:19

Nov 1 (Reuters) - Kadant Inc  KAI.N :
    * KADANT REPORTS THIRD QUARTER 2022 RESULTS
    * REVENUE INCREASED 12% TO $225 MILLION FOR Q3
    * BOOKINGS DECREASED 14% TO $211 MILLION FOR Q3
    * QTRLY BACKLOG WAS $350 MILLION
    * QTRLY ADJUSTED DILUTED EPS $2.38
    * EXPECT REVENUE OF $890 TO $896 MILLION IN 2022
    * GAAP DILUTED EPS GUIDANCE IS NOW $10.02 TO $10.19 REVISED
FROM
OUR PREVIOUS GUIDANCE OF $10.05 TO $10.25 FOR 2022
    * EXPECT FY ADJUSTED DILUTED EPS OF $8.80 TO $8.97
    * FOR Q4 OF 2022, EXPECT GAAP DILUTED EPS OF $1.90 TO $2.07
ON
REVENUE OF $217 TO $223 MILLION
    * Q3 EARNINGS PER SHARE VIEW $2.13, REVENUE VIEW $218.1
MILLION --
REFINITIV IBES DATA
    * FY2022 EARNINGS PER SHARE VIEW $8.99, REVENUE VIEW $900.2
MILLION -- REFINITIV IBES DATA

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