NYSE$KAI

Kadant Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Kadant reported an increase in revenue, record bookings, and improved cash flow in the first quarter of 2021.

Kadant Inc. reported strong first-quarter results with record bookings and backlog, driven by strong demand in the Industrial Processing and Flow Control segments. Revenue and earnings per share both increased, and the company is optimistic for the remainder of the year, raising its revenue expectation.

  • Bookings increased 16% to a record $204 million.
  • Operating cash flow increased 209% to $19 million.
  • Revenue increased 8% to $172 million.
  • GAAP diluted EPS and adjusted diluted EPS both increased 31% to $1.43.

Headline financials

Total Revenue

$172M

Previous: $159M+8.4%
EPS (adj)

$1.43

Previous: $1.09+31.2%
Bookings

$205M

Previous: $176M+16.4%
Gross Margin

43.9%

Previous: 42.9%+2.3%
Adjusted EBITDA

$31.1M

Previous: $27.3M+14.2%
Capital Expenditures

-$2.26M

Previous: -$2.69M+15.9%
Free Cash Flow

$14.3M

Previous: $9.85M+45.3%
Net Income

$16.6M

Previous: $12.5M+32.2%
Operating Income

$23.4M

Previous: $19.7M+19.2%
Gross Profit

$75.7M

Previous: $68.3M+10.8%
Cash & Equivalents

$66M

Previous: $62.1M+6.3%
Total Assets

$936M

Previous: $909M+2.9%

Revenue & EPS history

Kadant · Revenue · Quarterly

$172M

Q1 2021+8.4%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Kadant is increasing its revenue expectation to $710 to $730 million for 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.3%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+2.3%

Avg return

30 days after

56%

35 / 63 earnings

Positive

+13.1%

Q2 2017

Best reaction

-14.4%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.3%+15.6%+1.2%
Q4 2025+2.7%+4.8%-7.5%
Q3 2025+0.8%-7.3%-6.8%
Q1 2025-6.5%-7.1%-0.5%
Q4 2024-0.7%+11.6%-1.2%
Q3 2024+4.2%+6.6%+25.2%
Q2 2024-0.6%-12.4%-9.4%
Q1 2024-8.9%-5.1%-4.2%
Q4 2023+12.0%+11.5%+4.5%
Q3 2023+6.8%+10.9%+18.3%
Q2 2023-6.7%-4.8%-1.4%
Q1 2023+3.4%+4.7%+2.9%
Q4 2022+4.7%+8.1%-2.5%
Q3 2022-5.2%-1.9%+8.9%
Q2 2022-3.0%-5.0%-12.8%
Q1 2022+5.9%-1.2%+1.5%
Q4 2021-4.6%-6.3%-3.6%
Q3 2021+2.6%+5.2%+6.7%
Q2 2021+9.2%+12.8%+20.3%
Q1 2021-0.7%+3.7%-5.4%
Q3 2020-4.5%-1.9%+12.1%
Q2 2020-6.1%-7.3%-1.2%
Q1 2020+0.4%-2.3%+15.7%
Q4 2019-14.4%-10.4%-33.7%
Q3 2019+1.4%+5.3%+11.6%
Q2 2019+8.3%-1.9%-5.0%
Q1 2019-0.9%-7.0%-16.1%
Q4 2018+2.6%+1.6%+1.8%
Q3 2018+5.9%+4.7%-1.8%
Q2 2018-0.2%-5.4%+4.8%
Q1 2018+0.7%-0.6%+4.5%
Q4 2017-0.4%-0.6%+4.8%
Q3 2017+10.2%+3.2%-0.0%
Q2 2017+13.1%+11.1%+11.3%
Q1 2017+13.0%+18.8%+26.2%
Q4 2016+0.0%-0.3%-6.7%
Q3 2016+3.1%+1.6%+22.0%
Q2 2016+3.9%-1.0%+1.7%
Q1 2016+3.0%
Q4 2015-2.9%
Q3 2015-3.3%
Q2 2015+5.0%
Q1 2015-6.9%
Q4 2014+1.0%
Q3 2014+7.1%
Q2 2014+1.9%
Q1 2014-2.3%
Q4 2013+4.4%
Q3 2013+3.4%
Q2 2013-3.1%
Q1 2013+6.4%
Q4 2012-9.0%
Q3 2012+10.3%
Q2 2012-8.2%
Q1 2012+1.6%
Q4 2011-0.8%
Q4 2010-0.8%
Q3 2011-4.8%
Q2 2011+11.6%
Q1 2011+11.6%
Q3 2010+0.6%
Q2 2010-0.7%
Q1 2010+5.2%

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