Kadant Q3 Adj $2.84 Beats $2.43 Estimate, Sales $271.61M Beat $266.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kadant (NYSE:KAI) reported Q3 earnings of $2.84 per share, surpassing the $2.43 estimate, and sales of $271.61M, exceeding the $266.45M estimate. This marks a 5.58% increase in earnings and an 11.23% increase in sales compared to the previous year.
October 29, 2024 | 8:44 pm
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Kadant's Q3 earnings and sales exceeded analyst expectations, with earnings per share at $2.84 and sales at $271.61M. This reflects a strong performance with a 5.58% increase in earnings and an 11.23% increase in sales year-over-year.
Kadant's earnings and sales both exceeded analyst estimates, indicating strong financial performance. The significant year-over-year growth in both metrics suggests positive momentum, likely leading to a short-term increase in stock price.
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