NYSE$KAI

Kadant Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Kadant's Q4 2019 results were reported, featuring an 11% increase in revenue, a decrease in GAAP diluted EPS, and a rise in bookings.

Kadant reported solid Q4 2019 results with an 11% increase in revenue to $183 million and a 9% increase in bookings to $160 million. However, GAAP diluted EPS decreased to $0.76, and net income also decreased to $8.7 million. Adjusted EBITDA saw a slight increase of 1% to $32 million.

  • Revenue increased by 11% to $183 million.
  • GAAP diluted EPS decreased to $0.76.
  • Bookings increased by 9% to $160 million.
  • Adjusted EBITDA increased by 1% to $32 million.

Headline financials

Total Revenue

$183M

Previous: $164M+11.4%
EPS (adj)

$1.32

Previous: $1.66-20.5%
Bookings

$160M

No prior period
Gross Margin

40.9%

No prior period
Adjusted EBITDA

$32.2M

No prior period
Capital Expenditures

$3.72M

Previous: $3.74M-0.6%
Free Cash Flow

$35.5M

Previous: $6.69M+430.8%
Net Income

$8.89M

Previous: $18.4M-51.8%
Operating Income

$21.6M

Previous: $24.8M-13.2%
Gross Profit

$74.6M

Previous: $70.9M+5.2%
Cash & Equivalents

$68.3M

Previous: $45.8M+49.0%
Total Assets

$939M

Previous: $726M+29.4%
Stock-Based Comp

$1.69M

Previous: $1.68M+0.5%

Revenue & EPS history

Kadant · Revenue · Quarterly

$183M

Q4 2019+11.4%vs Q4 2018
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

Kadant expects full year GAAP diluted EPS of $4.98 to $5.08 in 2020 on revenue of $690 to $700 million. For the first quarter of 2020, the company expects GAAP diluted EPS of $0.80 to $1.08 on revenue of $153 to $163 million.

Tailwinds

  • Healthy balance sheet
  • Strong operating cash flows
  • Full year GAAP diluted EPS of $4.98 to $5.08 expected in 2020
  • Revenue of $690 to $700 million expected in 2020
  • Adjusted diluted EPS of $5.00 to $5.10 expected in 2020

Headwinds

  • Challenging environment for industrial markets in 2020
  • Uncertainty surrounding the impact of the coronavirus in China
  • Government-mandated business closures in China
  • Potential impact on timing of shipments
  • Potential broader impact on customers or suppliers

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 Q4 2019

Historical avgQ4 2019

+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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