Kadant raises FY23 adjusted EPS view to $8.90-$9.15 from $8.80-$9.05

Consensus $9.21. Raises FY23 revenue view to $910M-$935M from $900M-$925M, consensus $918.48M. "The robust start to the year and our record backlog positions us well for strong performance in 2023," Powell continued. "As a result, we are raising our guidance for the full year. We now expect revenue of $910 to $935 million in 2023, revised from our previous guidance of $900 to $925 million, and GAAP EPS of $8.82 to $9.07, revised from our previous guidance of $8.72 to $8.97. The 2023 guidance includes pre-tax relocation costs of $1.2 million, or $0.08 per diluted share, related to the relocation of one of our Chinese facilities. Excluding this expense, we now expect adjusted EPS of $8.90 to $9.15 in 2023, revised from our previous guidance of $8.80 to $9.05."