Kadant (NYSE:KAI) reported its Q2 earnings results on Tuesday, August 2, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Kadant beat estimated earnings by 9.8%, reporting an EPS of $2.24 versus an estimate of $2.04.

Revenue was up $25.84 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.18 which was followed by a 5.51% increase in the share price the next day.

Here's a look at Kadant's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Kadant management provided guidance for FY 2022, expecting earnings between $8.8 and $9.0 per share.

To track all earnings releases for Kadant visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.