(RTTNews) - Kadant Inc. (KAI) revealed earnings for third quarter that Decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $27.72 million, or $2.35 per share. This compares with $31.59 million, or $2.68 per share, last year.
Excluding items, Kadant Inc. reported adjusted earnings of $30.57 million or $2.59 per share for the period.
Analysts on average had expected the company to earn $2.16 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 0.0% to $271.57 million from $271.61 million last year.
Kadant Inc. earnings at a glance (GAAP) :
-Earnings: $27.72 Mln. vs. $31.59 Mln. last year. -EPS: $2.35 vs. $2.68 last year. -Revenue: $271.57 Mln vs. $271.61 Mln last year.
-Guidance: Next quarter EPS guidance: $2.05 - $2.25 Next quarter revenue guidance: $270 Mln - $280 Mln Full year EPS guidance: $9.05 - $9.25
The company has revised FY25 revenue guidance to $1.036 Bln. - $1.046 Bln. from $1.020 Bln. -$1.040 Bln.
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