Kadant: Q1 Earnings Snapshot
By AP News
Published - May 02, 2023, 05:24 PM ET
Last Updated - Jun 21, 2023, 11:44 PM EDT
WESTFORD, Mass. (AP) — WESTFORD, Mass. (AP) — Kadant Inc. (KAI) on Tuesday reported first-quarter earnings of $28.1 million.
The Westford, Massachusetts-based company said it had profit of $2.40 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.
The equipment supplier for the papermaking and paper recycling industries posted revenue of $229.8 million in the period.
