Kadant sees FY24 adjusted EPS $9.75-$10.05, consensus $9.86

Sees FY24 revenue $1.04B-$1.07B, consensus $968.02M. “While still facing economic uncertainties around the world, we expect to achieve record revenue, cash flow, and adjusted EBITDA in 2024,” continued Powell. “Our earnings performance will be affected by increased borrowing costs and non-cash intangible amortization expense associated with our recently announced acquisitions. We are experiencing healthy demand in our key end markets, however, our first quarter will be weaker than the remaining quarters of 2024 due to the timing of capital projects. For 2024, we expect revenue of $1.040 billion to $1.065 billion, GAAP EPS of $9.55 to $9.85, and adjusted EPS of $9.75 to $10.05. The 2024 adjusted EPS guidance excludes $0.20 of amortization expense associated with acquired inventory and backlog.”