Kadant Inc. (KAI) CEO Jeffrey Powell on Q4 2021 Results - Earnings Call Transcript

Feb. 17, 2022 3:06 PM ETKadant Inc. (KAI) StockKAI
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Q4: 2022-02-16 Earnings Summary

EPS of $2.31 beats by $0.31
 | Revenue of $218.52M (29.74% Y/Y) beats by $3.43M

Kadant Inc. (NYSE:KAI) Q4 2021 Results Conference Call February 17, 2022 11:00 AM ET

Company Participants

Jeffrey Powell - President, CEO
Michael McKenney - EVP, CFO

Conference Call Participants

Bobby Eubank - Chevy Chase Trust
Chris Howe - Barrington Research
John Franzreb - Sidoti
Kurt Yinger - D.A. Davidson
Walter Liptak - Seaport

Operator

Thank you for standing by, and welcome to the Fourth Quarter 2021 Kadant Inc. Earnings Conference Call. [Operator Instructions] As a reminder, today's program may be recorded.

I would now like to introduce your host for today's program, Michael McKenney, Executive Vice President and Chief Financial Officer. Please go ahead.

Michael McKenney

Thank you, Jonathan. Good morning, everyone, and welcome to Kadant's Fourth Quarter and Full Year 2021 Earnings Call. With me on the call today is Jeff Powell, our President and Chief Executive Officer.

Before we begin, let me read our safe harbor statement. Various remarks that we may make today about Kadant's future plans and expectations, financial and operating results and prospects are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995.

These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to differ materially from these forward-looking statements as a result of various important factors, including those outlined at the beginning of our slide presentation and those discussed under the heading Risk Factors in our annual report on Form 10-K for the fiscal year ended January 2, 2021, and subsequent filings with the Securities and Exchange Commission.

In addition, any forward-looking statements we make during this webcast represent our views and estimates only as of today. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so even

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