Kadant reports Q3 adjusted EPS $2.59, consensus $2.16

Reports Q3 revenue $272M, consensus $260.17M. “Despite a persistent softness in demand for capital equipment and continued global trade uncertainties, our businesses executed well and delivered solid gross margin performance during the quarter,” said Jeffrey L. Powell, president and chief executive officer of Kadant (KAI) Inc. “Our businesses exceeded our earnings expectations led by record revenue performance in our aftermarket parts business.”