Kadant Corporate

Income Statement

  Year Ending Jan 2021 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified) Year Ending Dec 2016 (Reclassified)
Net Sales 635.03 704.64 633.79 515.03 414.13
Revenue 635.03 704.64 633.79 515.03 414.13
Total Revenue 635.03 704.64 633.79 515.03 414.13
Cost of Revenue 357.72 410.88 355.51 283.89 225.59
Cost of Revenue, Total 357.72 410.88 355.51 283.89 225.59
Gross Profit 277.31 293.76 278.28 231.15 188.54
Selling/General/Administrative Expense 174.64 184.87 169.07 148.58 127.93
Labor & Related Expense 6.78 6.82 7.03 5.80 5.07
Selling/General/Administrative Expenses, Total 181.42 191.68 176.09 154.38 133.00
Research & Development 11.30 10.88 10.55 9.56 7.38
Investment Income - Operating -- -- -- -- --
Interest/Investment Income - Operating -- -- -- -- --
Interest Expense (Income), Net-Operating, Total -- -- -- -- --
Restructuring Charge 1.12 2.53 1.72 0.20 -0.32
Impairment-Assets Held for Use 1.86 -- -- -- --
Other Unusual Expense (Income) 0.49 0.84 1.32 5.38 1.83
Unusual Expense (Income) 3.46 3.37 3.04 5.58 1.52
Total Operating Expense 553.90 616.82 545.19 453.41 367.48
Operating Income 81.12 87.82 88.60 61.63 46.64
Interest Expense - Non-Operating -7.42 -12.76 -7.03 -3.55 -1.29
Interest Expense, Net Non-Operating -7.42 -12.76 -7.03 -3.55 -1.29
Interest Income, Non-Operating 0.18 0.21 0.38 0.45 0.27
Interest/Investment Income, Non-Operating 0.18 0.21 0.38 0.45 0.27
Interest Income (Expense), Net-Non-Operating, Total -7.24 -12.54 -6.65 -3.10 -1.02
Other Non-Operating Income (Expense) -0.20 -6.36 -2.42 -0.87 -1.07
Other, Net -0.20 -6.36 -2.42 -0.87 -1.07
Net Income Before Taxes 73.69 68.92 79.53 57.65 44.55
Income Tax – Total 17.95 16.36 18.59 28.89 12.08
Income After Tax 55.74 52.56 60.94 28.77 32.47
Minority Interest -0.54 -0.50 -0.63 -0.49 -0.39
Net Income Before Extraordinary Items 55.20 52.07 60.31 28.28 32.07
Discontinued Operations -- -- 0.00 0.00 0.00
Extraordinary Item -- -- 0.11 2.82 --
Total Extraordinary Items -- -- 0.11 2.82 0.00
Net Income 55.20 52.07 60.41 31.09 32.08
Income Available to Common Excluding Extraordinary Items 55.20 52.07 60.31 28.28 32.07
Income Available to Common Stocks Including Extraordinary Items 55.20 52.07 60.41 31.09 32.08
Basic Weighted Average Shares 11.48 11.24 11.09 10.99 10.87
Basic EPS Excluding Extraordinary Items 4.81 4.63 5.44 2.57 2.95
Basic EPS Including Extraordinary Items 4.81 4.63 5.45 2.83 2.95
Dilution Adjustment -- -- -- -- --
Diluted Net Income 55.20 52.07 60.41 31.09 32.08
Diluted Weighted Average Shares 11.56 11.46 11.40 11.31 11.15
Diluted EPS Excluding Extraordinary Items 4.77 4.54 5.29 2.50 2.88
Diluted EPS Including Extraordinary Items 4.77 4.54 5.30 2.75 2.88
DPS - Common Stock Primary Issue 0.96 0.92 0.88 0.84 0.76
Gross Dividends - Common Stock 11.05 10.38 9.77 9.25 8.29
Total Special Items 3.46 3.37 3.04 5.58 1.52
Normalized Income Before Taxes 77.15 72.29 82.57 63.23 46.06
Effect of Special Items on Income Taxes 0.84 0.80 0.71 2.79 0.41
Income Taxes Excluding Impact of Special Items 18.79 17.16 19.30 31.68 12.49
Normalized Income After Taxes 58.36 55.13 63.27 31.55 33.57
Normalized Income Available to Common 57.82 54.64 62.63 31.06 33.18
Basic Normalized EPS 5.04 4.86 5.65 2.83 3.05
Diluted Normalized EPS 5.00 4.77 5.49 2.75 2.98
Amortization of Intangibles, Supplemental 19.13 20.15 14.18 11.96 8.13
Depreciation, Supplemental 12.21 12.24 9.39 7.42 6.19
Interest Expense, Supplemental 7.42 12.85 7.03 3.55 1.29
Rental Expense, Supplemental 5.60 6.25 5.58 0.50 4.30
Stock-Based Compensation, Supplemental 6.78 6.82 7.03 5.80 5.07
Minority Interest, Supplemental -0.54 -0.50 -0.63 -0.49 -0.39
Research & Development Expense, Supplemental 11.30 10.88 10.55 9.56 7.38
Audit-Related Fees, Supplemental -- 3.34 3.48 3.29 2.10
Audit-Related Fees -- 0.01 0.00 0.60 0.51
Tax Fees, Supplemental -- 0.06 0.00 0.01 0.00
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.00 0.00
Gross Margin 43.67 41.69 43.91 44.88 45.53
Operating Margin 12.77 12.46 13.98 11.97 11.26
Pretax Margin 11.60 9.78 12.55 11.19 10.76
Effective Tax Rate 24.36 23.73 23.37 50.10 27.12
Net Profit Margin 8.69 7.39 9.52 5.49 7.74
Normalized EBIT 84.59 91.19 91.64 67.20 48.16
Normalized EBITDA 115.92 123.58 115.20 86.58 62.48
Current Tax - Domestic 0.34 -0.26 0.83 7.84 0.54
Current Tax - Foreign 16.80 18.78 21.83 17.37 11.32
Current Tax - Local 0.67 0.34 0.17 0.29 0.84
Current Tax - Total 17.81 18.85 22.83 25.49 12.70
Deferred Tax - Domestic 2.15 -0.45 -2.55 7.50 1.74
Deferred Tax - Foreign -2.36 -1.25 -1.76 -3.56 -1.82
Deferred Tax - Local 0.36 -0.79 0.07 -0.54 -0.53
Deferred Tax - Total 0.14 -2.49 -4.24 3.39 -0.61
Income Tax - Total 17.95 16.36 18.59 28.89 12.08
Interest Cost - Domestic -- 1.13 1.19 1.23 1.27
Service Cost - Domestic -- 0.00 0.70 0.69 0.72
Prior Service Cost - Domestic -- 0.00 0.00 0.05 0.06
Expected Return on Assets - Domestic -- -1.00 -1.29 -1.33 -1.29
Actuarial Gains and Losses - Domestic -- 0.03 0.54 0.44 0.50
Curtailments & Settlements - Domestic -- 0.00 1.12 -- --
Domestic Pension Plan Expense -- 0.17 2.26 1.09 1.26
Interest Cost - Foreign 0.10 0.12 0.13 0.11 --
Service Cost - Foreign 0.21 0.21 0.17 0.15 --
Prior Service Cost - Foreign 0.06 0.01 0.01 0.01 --
Expected Return on Assets - Foreign -0.06 -0.07 -0.04 -0.03 --
Actuarial Gains and Losses - Foreign 0.05 0.03 0.06 0.04 --
Foreign Pension Plan Expense 0.35 0.29 0.33 0.28 --
Interest Cost - Post-Retirement 0.04 0.15 0.17 0.17 0.16
Service Cost - Post-Retirement 0.01 0.00 0.21 0.18 0.13
Prior Service Cost - Post-Retirement 0.00 0.00 0.09 0.09 0.09
Expected Return on Assets - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Actuarial Gains and Losses - Post-Retirement -- 0.01 0.14 0.08 0.05
Curtailments & Settlements - Post-Retirement 0.02 5.94 0.31 0.00 0.11
Post-Retirement Plan Expense 0.06 6.11 0.91 0.51 0.54
Defined Contribution Expense - Domestic 4.50 4.41 3.71 -- --
Total Pension Expense 4.91 10.98 7.21 1.88 1.80
Discount Rate - Domestic -- 4.10 3.51 4.03 4.22
Discount Rate - Foreign 1.73 2.58 3.49 3.45 --
Discount Rate - Post-Retirement 3.82 4.33 3.58 4.10 5.38
Expected Rate of Return - Domestic -- 4.10 4.50 5.00 5.00
Expected Rate of Return - Foreign 5.89 9.22 7.43 7.53 --
Expected Rate of Return - Post-Retirement 5.89 9.22 7.43 7.53 7.72
Compensation Rate - Domestic -- 0.00 3.00 3.00 3.00
Compensation Rate - Foreign 2.89 2.81 3.97 3.65 --
Compensation Rate - Post-Retirement 5.57 5.57 3.05 3.08 3.94
Total Plan Interest Cost 0.14 1.40 1.49 1.52 1.43
Total Plan Service Cost 0.22 0.21 1.09 1.01 0.85
Total Plan Expected Return -0.06 -1.07 -1.33 -1.35 -1.29
For a more complete picture of our financial results, please review our SEC Filings

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