Kadant: Q1 Earnings Insights

Kadant 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.

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.

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.

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