Feb 23, 2012. /Lesprom Network/. Kadant Inc. reported record revenues from continuing operations of $97 million in the 4Q 2011, an increase of $23.7 million, or 32%, compared with $73.3 million in the 4Q 2010. Revenues for the 4Q 2011 included $1.1 million from acquisitions and a $0.2 million increase from foreign currency translation compared to the 4Q 2010. Operating income from continuing operations was $9.1 million in the 4Q 2011, including a $0.4 million restructuring charge, compared to $6.7 million in the 4Q 2010, including a $0.1 million restructuring charge. Net income from continuing operations was a record $10.7 million in the 4Q 2011, compared to $5.1 million in the 4Q 2010. Net income from continuing operations in the 4Q 2011 included a $4.1 million benefit from discrete tax items and a $0.4 million after-tax restructuring charge. “Our financial performance in 2011 was outstanding and ended with one of the best quarters in our Company’s history,” said Jonathan W. Painter, President and CEO of Kadant. ““Adjusted EBITDA was $11.5 million in the 4Q 2011, 32% higher than the 4Q 2010. For the full year 2011, adjusted EBITDA was $45 million, or a record 13.3% of revenues, and increased 44% from $31 million in 2010.” For full-year 2011, Kadant reported revenues from continuing operations of $335.5 million, an increase of $65.5 million, or 24 %, compared with $270 million in 2010. Revenues for 2011 included $2.9 million from acquisitions and a $9.8 million increase from foreign currency translation. Operating income from continuing operations was a record $38.7 million in 2011, including a $1.9 million gain, net of restructuring costs, compared to $24.9 million in 2010, including a $1 million gain, net of restructuring costs. Net income from continuing operations was a record $33.6 million in 2011 compared to $18.4 million in 2010. Net income from continuing operations in 2011 included a $6.2 million benefit from discrete tax items and a $1.7 million after-tax gain, net of restructuring costs. Net income from continuing operations in 2010 included a $0.9 million after-tax gain, net of restructuring costs. Kadant Inc. is a leading supplier to the global pulp and paper industry.