WESTFORD, Mass. (AP) — WESTFORD, Mass. (AP) — Kadant Inc. (KAI) on Tuesday reported first-quarter profit of $24.1 million.
The Westford, Massachusetts-based company said it had net income of $2.04 per share. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, were $2.10 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.97 per share.
The equipment supplier for the papermaking and paper recycling industries posted revenue of $239.2 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $238.9 million.
For the current quarter ending in June, Kadant expects its per-share earnings to range from $1.90 to $2.
The company said it expects revenue in the range of $243 million to $250 million for the fiscal second quarter.
Kadant expects full-year earnings in the range of $9.05 to $9.25 per share, with revenue ranging from $1.02 billion to $1.04 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KAI at https://www.zacks.com/ap/KAI
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
