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.