Kadant - Industrial Corporation Benefits from Economic Recovery and Surprises with Record Results!
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Business drivers: Kadant (KADA ) is one of the leading providers of plants and machinery for various industries, including the wood processing industry and for recycling paper and cardboard. Additionally, they are strong in automation and digitization solutions for the process industry. On February 13, they surprised with very strong Q4 figures. With an EPS of $2.25, they significantly exceeded consensus expectations of $2.08. They also surpassed the consensus revenue expectations of $257.84 million with an increase of 8.1% to $258.03 million....
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