Feb 27, 2013. /Lesprom Network/. Kadant Inc. reported revenues from continuing operations of $78.1 million in the 4Q 2012, a decrease of $18.9 million, or 20%, compared to $97 million in the 4Q 2011. Revenues for the 4Q 2012 included a $0.5 million decrease from foreign currency translation compared to the 4Q 2011. Operating income from continuing operations was $6.7 million in the 4Q 2012 compared to $9.1 million in the 4Q 2011, as the company said in a press release received by Lesprom Network. Net income from continuing operations was $9.6 million in the 4Q 2012, or $0.84 per diluted share, compared to $10.7 million, or $0.90 per diluted share, in the 4Q 2011. Net income from continuing operations in the 4Q 2012 included a $4.6 million, or $0.40 per diluted share, benefit from discrete tax items. Net income from continuing operations in the 4Q 2011 included a $4.1 million, or $0.34 per diluted share, benefit from discrete tax items and a $0.4 million, or $0.03 per diluted share, after-tax restructuring charge. Adjusted net income, a non-GAAP measure, was $5 million, or $0.44 per diluted share, in the 4Q 2012 compared to $7 million, or $0.59 per diluted share, in the 4Q 2011. For full-year 2012, Kadant reported revenues from continuing operations of $331.8 million, a decrease of $3.7 million, or 1%, compared with $335.5 million in 2011. Revenues for 2012 included an $8.4 million, or 2%, decrease from foreign currency translation. Operating income from continuing operations was $36.4 million in 2012, including $0.3 million in expense associated with a facility consolidation, compared to $38.7 million in 2011, including a $1.9 million gain, net of restructuring costs. Adjusted operating income, a non-GAAP measure, was $36.4 million in 2012 compared to $36.8 million in 2011. Net income from continuing operations was $30.9 million in 2012, or $2.66 per diluted share, compared to $33.6 million, or $2.74 per diluted share, in 2011. Net income from continuing operations in 2012 included a $4.6 million, or $0.40 per diluted share, benefit from discrete tax items and a $0.3 million, or $0.03 per diluted share, after-tax expense associated with a facility consolidation. “We had an outstanding performance in 2012, achieving records in a number of categories,” said Jonathan W. Painter, president and CEO of Kadant. “Adjusted diluted EPS for full-year 2012 increased 9% to a record $2.29, making 2012 and 2011 the two best years for EPS in our history. Adjusted diluted EPS of $0.44 in the 4Q 2012 was down 25% compared to the same period last year, but well ahead of our GAAP guidance of $0.35 to $0.37. “Revenues in the 4Q were $78 million, down 20% from last year’s record-setting performance largely due to lower capital revenues, particularly in our stock-preparation product line. Encouragingly, revenues for our parts and consumables were up 7% compared to the 4Q of last year and up 14% sequentially.” Kadant Inc. is a leading supplier to the global pulp and paper industry.