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Kadant Inc Issues Q2 2013 Guidance; EPS Guidance Above Analysts' Estimates; Raises FY 2013 Guidance


Monday, 29 Apr 2013 05:19pm EDT 

Kadant Inc announced that it expects to achieve GAAP diluted EPS from continuing operations of $0.53 to $0.55 in the second quarter of 2013 on revenues of $79 to $82 million. For fiscal 2013, the Company is increasing guidance and expect to achieve GAAP diluted EPS from continuing operations of $2.00 to $2.10 on revenues of $336 to $343 million, revised from its previous guidance of $1.80 to $1.90 on revenues of $320 to $330 million. This guidance does not include any potential restructuring costs from the recent acquisition or the results of the pending Noss acquisition. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $82 million and EPS of $0.49 for the second quarter of 2013; revenues of $327 and EPS of $1.99 for fiscal 2013. 

Company Quote

42.61
-0.02 -0.05%
24 Dec 2014