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Kadant Inc Issues Q3 2013 Mixed Guidance; Raises FY 2013 Guidance


Monday, 29 Jul 2013 05:14pm EDT 

Kadant Inc announced that for the third quarter of 2013, it expects GAAP diluted EPS from continuing operations of $0.47 to $0.49 on revenues of $88 to $90 million. For fiscal 2013, it expect revenues of $340 to $345 million, revised from previous guidance of $336 to $343 million, GAAP diluted EPS from continuing operations of $2.02 to $2.07, which includes a gain of $0.12 on the sale of assets and acquisition-related restructuring costs of $0.13. This compares to previous GAAP diluted EPS guidance of $2.00 to $2.10, which included an estimated gain of $0.10 on the sale of assets. On an adjusted diluted EPS basis, excluding the restructuring costs and gain on sale, the Company is raising its guidance to $2.03 to $2.08 from previous guidance of $1.90 to $2.00. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $85 million and EPS of $0.52 for the third quarter of 2013; revenues of $334 for fiscal 2013. 

Company Quote

38.61
0.07 +0.18%
30 Jul 2014