Kadant (NYSE:KAI) reported its Q1 earnings results on Tuesday, May 3, 2022 at 05:00 PM.
Here's what investors need to know about the announcement.
Earnings
Kadant beat estimated earnings by 8.57%, reporting an EPS of $2.28 versus an estimate of $2.1.
Revenue was up $54.02 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.29 which was followed by a 3.26% drop in the share price the next day.
Here's a look at Kadant's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.02 | 1.67 | 1.51 | 1.36 |
| EPS Actual | 2.31 | 1.97 | 2.01 | 1.43 |
| Revenue Estimate | 214.60M | 199.71M | 178.13M | 170.02M |
| Revenue Actual | 218.52M | 199.79M | 195.81M | 172.46M |
To track all earnings releases for Kadant visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
