Kadant Inc. reported revenue of $92.3 million in the 1Q 2015, a decrease of $1.1 million, or 1%, compared with $93.4 million in the 1Q 2014. Revenue for the 1Q 2015 included $1.8 million from acquisitions and a $7.6 million decrease from foreign currency translation compared to the 1Q 2014.

Kadant 1Q revenue decreased by 1% to $92.3 million

12:22 / May 14, 2015

May 15, 2015. /Lesprom Network/. Kadant Inc. reported revenue of $92.3 million in the 1Q 2015, a decrease of $1.1 million, or 1%, compared with $93.4 million in the 1Q 2014. Revenue for the 1Q 2015 included $1.8 million from acquisitions and a $7.6 million decrease from foreign currency translation compared to the 1Q 2014, as the company said in the press release received by Lesprom Network.

Operating income from continuing operations increased 36% to $10.4 million in the 1Q 2015 compared to $7.6 million in the 1Q 2014.

Net income from continuing operations was $6.8 million in the 1Q 2015, or $0.62 per diluted share, compared to $5.1 million, or $0.45 per diluted share, in the 1Q 2014.

“We had a solid 1Q with a record backlog, strong bookings, and excellent gross margin along with better-than-expected earnings per share performance,” said Jonathan W. Painter, president and CEO of Kadant Inc. “Our diluted earnings per share from continuing operations was $0.62 in the 1Q 2015 which exceeded our guidance of $0.57 to $0.59. Our operating margin increased to 11.2% in the 1Q 2015 compared to 8.2% in the 1Q 2014.”

Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide.

Lesprom Network

Kadant 1Q revenue decreased by 1% to $92.3 million

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