05:36 PM EDT, 07/30/2024 (MT Newswires) -- Kadant ( KAI ) reported Q2 adjusted earnings late Tuesday of $2.81 per diluted share, up from $2.54 a year earlier.

Four analysts polled by Capital IQ expected $2.43.

Revenue for the quarter ended June 29 rose to $274.8 million from $245.1 million a year earlier.

Four analysts surveyed by Capital IQ expected $263.5 million.

For Q3, the company expects adjusted EPS of $2.36 to $2.48 on revenue of $257 million to $269 million.

The consensus is for $2.68 and $274 million, respectively.

For the full year, Kadant ( KAI ) said it now expects adjusted EPS of $9.80 to $10.05 on revenue of $1.05 billion to $1.07 billion. The company previously projected adjusted EPS at $9.75 to $10.05 on revenue of $1.04 billion to $1.07 billion.

Analysts are looking for normalized EPS of $10.03 on revenue of $1.06 billion.

The company's shares were down 3.3% in after-hours activity.

Price: 345.00, Change: -11.64, Percent Change: -3.26