Nov 05, 2013. /Lesprom Network/. Kadant Inc. reported its financial results for the 3Q ended September 28, 2013. Kadant reported revenues of $91.3 million in the 3Q 2013, an increase of $4.7 million, or 5%, compared with $86.6 million in the 3Q 2012. Revenues in the 3Q 2013 included $7 million from acquisitions and a $1.5 million increase from foreign currency translation compared to the 3Q 2012, as the company said in the press release received by Lesprom Network.

Operating income from continuing operations was $9.9 million in both the third quarters of 2013 and 2012.

Net income from continuing operations was $6.5 million in the 3Q 2013, or $0.57 per diluted share, compared to $7.6 million, or $0.66 per diluted share, in the 3Q 2012.

“We had another solid quarter with strong cash flows and better than expected EPS performance,” said Jonathan W. Painter, president and CEO of Kadant. “GAAP diluted EPS from continuing operations was $0.57 and well above our guidance of $0.47 to $0.49 partly due to higher revenues. Our diluted EPS for the 3Q 2013 included $0.05 from acquisition expenses.

“Bookings increased to $82 million in the 3Q 2013 compared to $69 million in the 3Q 2012, including $5 million from acquisitions. Parts and consumables bookings increased 21% to $54 million in the 3Q 2013 compared to the 3Q 2012, including a 7% increase from acquisitions.”

Kadant Inc. is a leading supplier to the global pulp and paper industry.