Kadant Inc

KAI

Equity

ISIN US48282T1043 / Valor 1256196

New York Stock Exchange, Inc (2024-12-24)

USD 354.03+1.46%

Kadant Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Kadant Inc is a global supplier of technologies and engineered systems that drive sustainable industrial processing. Their illumen.X digital platform is a comprehensive framework for digital transformation, combining products, data, and analytics to enhance productivity and optimize plant performance. The company's products and services are designed to enhance efficiency, optimize energy utilization, and maximize productivity in process industries.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Growth

Kadant Inc. reported an 8% increase in revenue for the first quarter of 2024, reaching a record $249 million compared to $229.8 million in the same period of 2023. This growth was driven by strong performance in their Industrial Processing segment and contributions from recent acquisitions.

Net Income Decline

Despite the revenue growth, Kadant Inc.'s net income for the first quarter of 2024 decreased by 12% to $25 million, down from $28.1 million in the first quarter of 2023. This decline was attributed to various factors, including acquisition-related costs.

Adjusted EBITDA Increase

Kadant Inc. saw an 8% increase in adjusted EBITDA for the first quarter of 2024, reaching $52 million, which represented 21.0% of revenue. This improvement highlights the company's ability to maintain strong operational performance despite challenges in other areas.

Operating Cash Flow Decrease

Operating cash flow for Kadant Inc. decreased by 38% in the first quarter of 2024, totaling $23 million compared to $36.9 million in the same period of the previous year. This significant reduction in cash flow is a point of concern for the company's liquidity and operational flexibility.

Bookings Decline

Kadant Inc. experienced a 10% decrease in bookings for the first quarter of 2024, amounting to $248 million compared to a record $275 million in the first quarter of 2023. This decline in bookings indicates a potential slowdown in future revenue growth.

Summarized from source with an LLMView Source

Key figures

26.5%1Y

57.9%3Y

236%5Y

Performance

33.4%1Y

31.9%3Y

38.2%5Y

Volatility