Kadant Inc. (KAI) revealed earnings for second quarter that Decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $26.16 million, or $2.22 per share. This compares with $31.29 million, or $2.66 per share, last year.
Excluding items, Kadant Inc. reported adjusted earnings of $27.23 million or $2.31 per share for the period.
Analysts on average had expected the company to earn $1.94 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 7.1% to $255.27 million from $274.77 million last year.
Kadant Inc. earnings at a glance (GAAP) :
-Earnings: $26.16 Mln. vs. $31.29 Mln. last year.-EPS: $2.22 vs. $2.66 last year.-Revenue: $255.27 Mln vs. $274.77 Mln last year.
-Guidance:Full year EPS guidance: $9.05 - $9.25Full year revenue guidance: $1.02 - $1.04B
For comments and feedback contact: editorial@rttnews.com
March 06, 2026 13:56 ET The week saw a drastic escalation of the war in the Middle East that raised concerns over the effect on crude oil prices and global trade. In economic news, survey data threw light on the trends in the U.S. private sector and labor market. Euro area inflation data and house price survey results in the U.K. were the highlights in Europe. In Asia, China setting its growth target for the year attracted attention.