Operating income from continuing operations increased 5% to $12.6 million in the 2Q 2015 compared to $12 million in the 2Q 2014.
Net income from continuing operations was $8.5 million in the 2Q 2015, or $0.76 per diluted share, compared to $7.9 million, or $0.70 per diluted share, in the second quarter of 2014.
“We had another solid quarter with better-than-expected revenue and earnings per share along with excellent gross margin performance,” said Jonathan W. Painter, president and CEO of Kadant Inc. “Our diluted earnings per share from continuing operations was $0.76 in the 2Q 2015, which exceeded our guidance of $0.69 to $0.71. Our operating margin increased to nearly 13% in the 2Q 2015 compared to 11% in the 2Q 2014.”
Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide.
