06:06 PM EDT, 10/29/2024 (MT Newswires) -- Kadant ( KAI ) reported Q3 adjusted earnings late Tuesday of $2.84 per diluted share, up from $2.69 a year earlier.

Four analysts polled by Capital IQ expected $2.43.

Revenue for the quarter that ended Sept. 28 was $271.6 million, up from $244.2 million a year earlier.

Four analysts surveyed by Capital IQ expected $266.4 million.

For Q4, the company expects adjusted EPS of $1.90 to $2.10 on revenue of $252 million to $260 million.

Four analysts polled by Capital IQ expect $2.31 and $263.1 million, respectively.

The company said it is raising its adjusted EPS guidance for fiscal 2024 to $9.93 to $10.13 from its previous guidance of $9.80 to $10.05.

Four analysts surveyed by Capital IQ expect $9.93.

The company said it is narrowing its revenue guidance for the full financial year to $1.047 billion to $1.055 billion from its previous guidance of $1.045 billion to $1.065 billion.

Four analysts polled by Capital IQ expect $1.05 billion.