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Kadant Inc (KAI)
NYSE:KAI
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.08Last Year’s EPS
$2.41Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 8.27%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance in terms of revenue growth, record-setting metrics, and robust cash flow, particularly in the Americas and the Industrial Processing segment. However, challenges persist in Europe and Asia due to sluggish economies, and there are concerns regarding potential delays in capital shipments. Overall, the sentiment is positive with strong growth indicators and raised financial guidance, despite some regional and segment-specific challenges.Company Guidance
During the Kadant Q3 2024 earnings call, significant guidance was provided, highlighting remarkable financial achievements and future expectations. The company reported a record revenue of $272 million, up 11% from Q3 2023, driven by strong performance in aftermarket parts and contributions from acquisitions. The adjusted EBITDA reached a record $63 million, with a margin of 23.3%. Cash flow from operations was $52 million, and free cash flow was $48 million. The Flow Control segment saw a 7% revenue increase, while the Industrial Processing segment revenue rose 17%, and Material Handling segment revenue grew by 7%. Looking ahead, Kadant expects to maintain record financial outcomes for 2024, with a full-year revenue guidance of $1.047 billion to $1.055 billion and adjusted EPS guidance of $9.93 to $10.13. The company anticipates a strong capital project activity, mainly in North America, though macroeconomic uncertainties may affect timing. The forthcoming Investor Day in December will further detail their five-year financial targets and growth initiatives.Record-Setting Performance
Third quarter achieved record adjusted EBITDA, adjusted EBITDA margin, and adjusted EPS. Revenue was up 11% to $272 million.
Aftermarket Parts Revenue Growth
Aftermarket parts business showed significant growth, contributing to strong performance across segments.
Robust Cash Flow
Operating cash flow increased by 12% to $52.5 million, and free cash flow increased by 27% to $48.3 million.
Strong Performance in Industrial Processing
Industrial Processing segment saw a 17% increase in revenue and a 41% increase in adjusted EBITDA.
Positive Market Demand in the Americas
The Americas showed strong market demand, particularly in the Flow Control segment.
Increased Bookings
Bookings increased 15% compared to the same period last year.
Strong Balance Sheet and Low Leverage
Net debt decreased by $33.4 million, and the leverage ratio decreased to 1.13.
Raising EPS Guidance
Adjusted EPS guidance for 2024 was raised to $9.93 to $10.13.
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KAI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KAI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $320.55 | $335.71 | +4.73% |
| Jul 30, 2024 | $356.29 | $351.14 | -1.45% |
| Apr 30, 2024 | $273.23 | $260.99 | -4.48% |
| Feb 14, 2024 | $314.04 | $339.57 | +8.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kadant Inc (KAI) report earnings?
Kadant Inc (KAI) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Kadant Inc (KAI) earnings time?
Kadant Inc (KAI) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KAI EPS forecast?
KAI EPS forecast for the fiscal quarter 2024 (Q4) is $2.08.
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