Kadant's 2Q revenue decreased 1%, compared to the 2Q 2016 to $110.2 million, including a $2.7 million decrease from the unfavorable effect of foreign currency translation. Gross margin was 47.9%, as the company said in the press release received by Lesprom Network.
Net income decreased 3% to $8.1 million, compared to $8.3 million in the 2Q 2016, and included an $0.8 million decrease from the unfavorable effects of foreign currency translation.
Adjusted EBITDA increased 5% to $18.8 million compared to $17.9 million in the 2Q 2016.
Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide.