Kadant (KAI) FY2022 results: revenue $905 million, up 15.0% on the year
Kadant Inc. (KAI) reported revenue of $905 million for fiscal 2022, the year ended 31 December 2022, up 15.0% on the year before. Net income was $121 million, up 43.9%, and diluted earnings per share $10.35. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$905 million
+15.0% on the year
FY2015FY2022
Operating margin
18.9%
14.8% a year earlier
FY2015FY2022
Net income
$121 million
+43.9% on the year
FY2015FY2022
Diluted EPS
$10.35
+43.6% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
103
162
92.9
-36.8%
Capital expenditure
28.2
12.8
7.6
+120.8%
Free cash flow
74.4
150
85.3
-50.3%
Free cash flow margin
8.2%
19.0%
13.4%
Cash from investing
-29.5
-154
-14.5
Cash from financing
-80.6
22.8
-84.6
Depreciation and amortisation
34.9
34.3
31.3
+1.8%
Share-based compensation
8.6
8.5
6.8
+0.6%
Dividends paid
12.0
11.5
10.9
+4.7%
Dividend per share
$1.04
$1.00
$0.96
+4.0%
Diluted shares, weighted
12m
12m
12m
+0.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
654
564
495
+15.9%
Non-controlling interest
1.7
1.7
1.5
+2.5%
Debt
201
270
233
-25.4%
Operating lease liabilities
17.8
20.0
22.2
-10.7%
Finance lease liabilities
1.0
0.7
0.7
+28.2%
Other liabilities
274
276
174
-0.7%
Total liabilities and equity
1,150
1,132
928
+1.6%
Fixed assets
n/a
n/a
84.6
Goodwill
385
397
352
-2.9%
Intangible assets
176
199
161
-11.9%
Loans
n/a
1.4
1.2
Cash and equivalents
76.4
91.2
65.7
-16.2%
Receivables
130
117
91.5
+11.2%
Inventory
164
134
107
+21.8%
Other assets
218
192
64.9
+13.9%
Total assets
1,150
1,132
928
+1.6%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.