Kadant Reports Q1 Revenue of $281.5M, Exceeds Expectations
Reports Q1 revenue $281.5M, consensus $274.95M. Q1 bookings increased 25% to a record $320.8M. We had an excellent start to the year highlighted by robust demand and solid earnings growth," said Jeffrey Powell, CEO of Kadant. "Strong demand for our aftermarket parts combined with our recent acquisitions led to record bookings and aftermarket parts revenue along with healthy margin performance."