Company profile

Ticker
KAI
Exchange
CEO
Jeffrey L. Powell
Employees
Incorporated in
Location
Fiscal year end
Former names
Thermo Fibertek Inc
SEC CIK
IRS number
521762325

KAI stock data

(
)

Calendar

7 Aug 19
22 Sep 19
28 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 177.17M 171.32M 163.94M 165.75M
Net income 16.3M 10.9M 18.42M 18.78M
Diluted EPS 1.42 0.96 1.61 1.64
Net profit margin 9.20% 6.36% 11.24% 11.33%
Operating income 23.14M 18.58M 24.82M 27.38M
Net change in cash 571K 10.65M -11.55M -2.79M
Cash on hand 57.05M 56.48M 45.83M 57.38M
Cost of revenue 102.79M 100.8M 92.99M 92.65M

Financial data from Kadant earnings reports

Financial report summary

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Management Discussion
  • Consolidated revenues increased 14% in the second quarter of 2019 largely due to our acquisition, offset in part by an unfavorable effect of currency translation. Excluding the acquisition and unfavorable effect of currency translation, revenues increased 5% in the second quarter of 2019 compared to the second quarter of 2018.
  • Revenues in our Papermaking Systems segment decreased 2% in the second quarter of 2019, including an unfavorable effect of currency translation. Excluding the unfavorable effect of currency translation, revenues in the Papermaking Systems segment increased 2% in the second quarter of 2019 compared to the second quarter of 2018, as explained in the product line discussions below.
  • Revenues from our Stock-Preparation product line decreased 10% in the second quarter of 2019, including an unfavorable effect of currency translation. Excluding the unfavorable effect of currency translation, Stock-Preparation revenues decreased 6% in the second quarter of 2019 largely due to decreased demand for our products at our Chinese operations resulting from reduced project activity attributable to uncertainties in trade relations with the United States and weak market conditions. In addition, we experienced decreased demand for our capital equipment at our European operations primarily due to pricing pressures experienced by packaging producers and the general sluggishness of the European economy. These decreases were offset in part by increased demand for our capital products at our North American operations.
Content analysis ?
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