Brief: Kadant Sees Q4 2019 GAAP Earnings Per Share $0.59 To $0.67

Kadant

29/10/2019 20:58

Oct 29 (Reuters) - Kadant Inc  KAI.N :
    * KADANT REPORTS 2019 THIRD QUARTER RESULTS
    * SEES Q4 2019 GAAP EARNINGS PER SHARE $0.59 TO $0.67
    * Q3 ADJUSTED EARNINGS PER SHARE $1.41
    * Q3 GAAP EARNINGS PER SHARE $1.41
    * SEES Q4 2019 REVENUE $172 MILLION TO $176 MILLION
    * Q3 REVENUE $174 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$172.9
MILLION
    * Q3 EARNINGS PER SHARE ESTIMATE $1.27 -- REFINITIV IBES
DATA
    * SEES Q4 2019 ADJUSTED EARNINGS PER SHARE $1.23 TO $1.31
EXCLUDING ITEMS
    * SEES FY 2019 ADJUSTED EARNINGS PER SHARE $5.30 TO $5.38
EXCLUDING ITEMS
    * SEES FY 2019 GAAP EARNINGS PER SHARE $4.38 TO $4.46
    * FOR 2019, WE ARE LOWERING OUR REVENUE GUIDANCE PRIMARILY
DUE TO
A NEGATIVE EFFECT OF FOREIGN CURRENCY TRANSLATION OF $5 MILLION
    * Q4 EARNINGS PER SHARE VIEW $1.38, REVENUE VIEW $183.6
MILLION --
REFINITIV IBES DATA
    * FY2019 EARNINGS PER SHARE VIEW $5.32, REVENUE VIEW $704.9
MILLION -- REFINITIV IBES DATA
    * EXPECTS 2019 REVENUE OF $694 TO $698 MILLION, REVISED FROM
OUR
PREVIOUS GUIDANCE OF $700 TO $710 MILLION
    * QTRLY BOOKINGS INCREASED 4% TO $171
    * FOR Q4 OF 2019, EXPECT GAAP DILUTED EPS OF $0.59 TO $0.67
ON
REVENUE OF $172 TO $176 MILLION
    * EXPECT ADJUSTED DILUTED EPS OF $1.23 TO $1.31 FOR Q4 OF
2019
    * EXPECT ADJUSTED DILUTED EPS OF $5.30 TO $5.38 FOR 2019
    * EXPECT GAAP DILUTED EPS OF $4.38 TO $4.46 IN 2019, REVISED
FROM
OUR PREVIOUS GUIDANCE OF $4.97 TO $5.09

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