Kadant reports Q1 adjusted EPS $2.10, consensus $1.97

Reports Q1 revenue $239.21M, consensus $239.41M. Bookings increased 3% to $256M. “Our first quarter results were in line with expectations across most financial metrics despite the increasing geopolitical and trade uncertainties,” said Jeffrey Powell, president and chief executive officer of Kadant (KAI) Inc. “We had record demand for our aftermarket parts, and our operations teams around the globe once again executed extremely well in a challenging environment. This solid execution contributed to strong margin performance and healthy free cash flow in the first quarter.”