Kadant Posts Record $321M Bookings, Q1 Revenue Up 18% to $281.5M
Kadant delivered Q1 revenue of $281.5M, up 18% year-over-year, and net income of $25.5M, with GAAP EPS of $2.16 and adjusted EPS of $2.84, beating analyst estimates. Bookings soared 25% to a record $320.8M, and the company guided Q2 revenue of $296M–$306M and adjusted EPS of $2.88–$2.98.
1. First-Quarter Financial Results
Kadant posted first-quarter revenue of $281.5 million, up 18% from the prior year, surpassing the $274 million consensus. Net income rose 6% to $25.5 million, GAAP EPS was $2.16 and adjusted EPS jumped 14% to $2.84 per share.
2. Bookings Surge and Backlog
Bookings climbed 25% year-over-year to a record $320.8 million, driven by strong aftermarket parts demand and recent acquisitions, while backlog stood at $326 million heading into the second quarter.
3. Guidance for Second Quarter and Full Year
For Q2, Kadant anticipates revenue between $296 million and $306 million and adjusted EPS of $2.88 to $2.98. Full-year outlook includes revenue of $1.178 billion to $1.203 billion and adjusted EPS of $12.33 to $12.68, reflecting short-term dilution from acquisition-related costs.