Kadant Earnings: Here’s Why the Stock is Rising Now

Kadant Inc. (NYSE:KAI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.74%.

Kadant Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 25.42% to $0.44 in the quarter versus EPS of $0.59 in the year-earlier quarter.

Revenue: Decreased 19.46% to $78.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Kadant Inc. reported adjusted EPS income of $0.44 per share. By that measure, the company beat the mean analyst estimate of $0.41. It beat the average revenue estimate of $77 million.

Quoting Management: “We had an outstanding performance in 2012, achieving records in a number of categories,” said Jonathan W. Painter, president and chief executive officer of Kadant. “Adjusted diluted EPS for full-year 2012 increased 9 percent to a record $2.29, making 2012 and 2011 the two best years for EPS in our history. Adjusted diluted EPS of $0.44 in the fourth quarter of 2012 was down 25 percent compared to the same period last year, but well ahead of our GAAP guidance of $0.35 to $0.37.”

Key Stats (on next page)…