Kadant (KAI) FY2016 results: revenue $414 million, up 6.2% on the year
Kadant Inc. (KAI) reported revenue of $414 million for fiscal 2016, the year ended 31 December 2016, up 6.2% on the year before. Net income was $32 million, down 6.7%, and diluted earnings per share $2.88. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$414 million
+6.2% on the year
FY2009FY2016
Operating margin
11.3%
12.8% a year earlier
FY2009FY2016
Net income
$32 million
-6.7% on the year
FY2009FY2016
Diluted EPS
$2.88
-7.1% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
414
390
402
+6.2%
Cost of revenue
226
210
224
+7.5%
Gross profit
188
180
178
+4.6%
Gross margin
45.5%
46.2%
44.4%
Research and development
7.4
6.7
6.2
+10.5%
Selling, general and administrative
135
123
129
+9.8%
Operating income
46.6
50.1
42.1
-6.9%
Operating margin
11.3%
12.8%
10.5%
Interest expense
1.3
0.9
1.0
+36.4%
Pre-tax income
44.5
49.4
41.5
-9.8%
Income tax
12.1
14.8
12.4
-18.1%
Effective tax rate
27.1%
29.9%
30.0%
Net income
32.1
34.4
28.7
-6.7%
Net margin
7.7%
8.8%
7.1%
Diluted EPS
$2.88
$3.10
$2.56
-7.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
51.0
40.4
51.1
+26.3%
Capital expenditure
5.8
5.5
6.8
+5.9%
Free cash flow
45.2
34.9
44.4
+29.5%
Free cash flow margin
10.9%
8.9%
11.0%
Depreciation and amortisation
14.3
10.8
11.2
+32.4%
Share-based compensation
5.1
5.7
5.8
-11.7%
Buybacks
0.0
9.9
15.1
Dividends paid
8.0
7.2
6.3
+12.0%
Dividend per share
$0.76
$0.68
$0.60
+11.8%
Diluted shares, weighted
11m
11m
11m
+0.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
283
267
264
+6.0%
Non-controlling interest
1.6
1.3
1.2
+23.5%
Debt
65.8
31.2
25.9
+110.5%
Other liabilities
121
116
122
+3.7%
Total liabilities and equity
471
415
414
+13.3%
Fixed assets
47.7
42.3
45.0
+12.8%
Goodwill
151
119
128
+27.2%
Intangible assets
52.7
38.0
47.0
+38.6%
Loans
0.2
n/a
n/a
Cash and equivalents
71.5
65.5
45.4
+9.1%
Receivables
66.0
64.3
58.5
+2.6%
Inventory
55.0
56.8
55.2
-3.2%
Other assets
26.2
29.5
34.8
-11.3%
Total assets
471
415
414
+13.3%
10-K for the year ended 31 December 2016, filed 26 February 2019: the filing.