Kadant Q2 Adj $2.81 Beats $2.43 Estimate, Sales $274.76M Beat $263.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kadant (NYSE:KAI) reported strong Q2 earnings, with adjusted EPS of $2.81 beating the $2.43 estimate and sales of $274.76M surpassing the $263.41M estimate. This represents a 10.63% increase in EPS and a 12.12% increase in sales year-over-year.
July 30, 2024 | 8:31 pm
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Kadant reported Q2 adjusted EPS of $2.81, beating the $2.43 estimate by 15.64%. Sales of $274.76M also exceeded the $263.41M estimate, marking a 12.12% increase year-over-year. This strong performance is likely to positively impact the stock price in the short term.
Kadant's Q2 earnings and sales both exceeded analyst expectations, with significant year-over-year growth in both metrics. This strong financial performance is likely to positively influence investor sentiment and drive the stock price higher in the short term.
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