Kadant Narrows FY24 Revenue Guidance From $1.045B-$1.065B To $1.047B-$1.055B Vs $1.05B Est.; FY24 Adj. EPS From $9.80-$10.05 To $9.93-$10.13 Vs $9.93 Est.
Portfolio Pulse from Benzinga Newsdesk
Kadant has narrowed its FY24 revenue guidance to $1.047B-$1.055B and adjusted EPS to $9.93-$10.13, slightly above estimates. The company expects strong demand for capital equipment despite challenges in Europe and Asia.
October 29, 2024 | 8:48 pm
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Kadant has adjusted its FY24 revenue guidance to $1.047B-$1.055B and raised its adjusted EPS guidance to $9.93-$10.13, indicating a positive outlook despite global challenges.
Kadant's revised guidance shows a slight increase in expected adjusted EPS, which is a positive indicator for investors. The company's anticipation of strong demand for capital equipment suggests potential growth, despite challenges in Europe and Asia.
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