>>
Home / Knowledge / News / Textiles / Kadant operating income up in Q1

Kadant operating income up in Q1

28
Apr '08
Kadant Inc reported revenues from continuing operations of $85.9 million in the first quarter of 2008, a decrease of $2.3 million, or 3 percent, compared to $88.2 million in the first quarter of 2007. The 2008 period included a $4.5 million, or 5 percent, increase from foreign currency translation and the 2007 period included $1.2 million in revenues from the Casting Products business that was sold in April 2007.

Excluding these items, revenues decreased $5.6 million, or 7 percent, in the first quarter of 2008 compared to the 2007 period. Operating income from continuing operations in the 2008 quarter increased 2 percent to $7.6 million versus $7.4 million in the first quarter of 2007.

This increase included a net gain from restructuring costs and other income of $0.5 million, most of which was associated with a gain on the sale of assets. Income from continuing operations (after-tax) was $5.1 million in the first quarter of 2008, or $.36 of diluted earnings per share (EPS), versus income of $4.7 million, or $.33 of diluted EPS, a year ago. Including the discontinued operation, net income in the first quarter of 2008 was $5.1 million, or $.36 per diluted share, versus $4.3 million, or $.30 per diluted share, in the 2007 quarter.

“Although our revenues were slightly below our guidance for the quarter, we were able to exceed the top end of our earnings guidance by 4 cents per diluted share,” said William A. Rainville, chairman and chief executive officer of Kadant.


Must ReadView All

Pic: Shutterstock

Textiles | On 27th May 2022

Material supply shortage hits Vietnam’s textile exports

Vietnamese textile firms are concerned over tight material supply...

Pic: WTO

Textiles | On 27th May 2022

WTO goods trade barometer flat due to Ukraine war, COVID-19

The Russia-Ukraine war and recent pandemic-related lockdowns in China ...

Pic: Shutterstock

Textiles | On 27th May 2022

Global crises lead to deterioration in labour market recovery: ILO

Multiple global crises are resulting in a marked deterioration in the ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Meghna Kishore & Barkha Bhatnagar Das,

Meghna Kishore & Barkha Bhatnagar Das

Being conscious of living mindfully themselves, two sisters embarked on a...

Rajesh Masand,

Rajesh Masand

Established in 1963, the Clothing Manufacturers Association of India, or...

Hannes Schoenegger,

Hannes Schoenegger

Bananatex is the world’s first durable, technical fabric made purely from...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Prakruti Gupta Rao & Navin Rao, Brand - The Kaftan Company

Prakruti Gupta Rao & Navin Rao
Brand - The Kaftan Company

The Kaftan Company (TKC) is India’s most recognised brand for kaftans,...

Paola Masperi, Label - Mayamiko

Paola Masperi
Label - Mayamiko

Established by Paola Masperi, Mayamiko is a responsible womenswear and...

Timna Weber, Label - Timna Weber

Timna Weber
Label - Timna Weber

London-based sustainable high-end eponymous womenswear label, by designer...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Itema Weaving (India) Private Limited
Permoda(Koaj/Armi/Pronto/Bkul)
MAS Active / MAS Kreeda / MAS Bodyline
TEXVALLEY MARKET LIMITED
SHAHI Exports Pvt Ltd
H. Stoll AG & Company KG
Huntsman (Singapore) Pte Ltd
Arvind Limited
BTC Textiles LLC
Puma
Haelixa AG
Indo Tex
Marzoli Machines Textile s.r.l.
SYNERGIES HONG KONG LIMITED
Recron Polyester from Reliance Industries Limited
BRINKMANN GMBH
Messe Frankfurt Exhibition GmbH
IDH – The Sustainable Trade Initiative
Under Armour Global Sourcing Ltd
NITI Aayog
IFF Media Ag - International Media Services
Taiwan Textile Federation (TTF)
BTSR International S.P.A.
TESTEX AG, Swiss Textile Testing Institute
IIGM Private Limited
X-Rite Asia Pacific Limited (HK)
Guess Europe Sagl,
Abit
International Sourcing Expo Australia
Shima Seiki Mfg. Ltd.
FESPA (Reigate)
Indofil Industries Limited - Specialty & Performance Chemicals Division
Comasia Limited
Eastman Chemical Company
Decathlon
IKEA of Sweden AB
GHCL LIMITED
Lisa S.P.A.
Datacolor AG Europe
Weitmann & Konrad GmbH & Co. KG
PVH Corporation
Italian Trade Commission
Vianney Textil Hogar S.A. De C.V.
Tchibo GmbH
Jindal Worldwide Limited
TÜYAP IHTISAS FUARLARI A.S.
Thai Trade Center
EMBEE CORPORATION
Flainox S.r.l.
Kornit Digital Asia Pacific Ltd
GERBER TECHNOLOGY LTD.
THE BOMBAY DYEING ;& MFG.CO. LTD
Mayer & Cie. GmbH & Co. KG
FULGAR SpA
Target Corporation (MN)
Newtech Textile Technology Development (Shanghai) Company Limited
Page Industries Limited (Bangalore)
Thai Acrylic Fibre Company Limited
TESCO INTERNATIONAL SOURCING LIMITED
N9 World Technologies Private Limited
Alix Partners
China World International Exhibition Company Limited
Chico’ FAS
Sainsbury's Argos Asia Limited
Asos
Maceton Limited
NV Michel Van de Wiele
Aramark Uniform ;& Career Apparel, LLC
Xtema - Thomas Lebherz Textilmaschinen
UBM China (Shanghai)
Boardriders Asia Sourcing Limited
Chori Company Limited
Brückner Trockentechnik GmbH & Co. KG
Tuyap Tum Fuarcilik Yapim A.S.
Bluesign Technologies Ag
Tory Burch Hong Kong Ltd
DuPont de Nemours, Inc.,
Lacoste (Wanchai)
KAS Direct Sourcing
Karl Mayer Textilmaschinenfabrik GmbH
Aquarelle Clothing Limited
The LYCRA Company Singapore  Pte. Ltd
Etam Group Strategy Hong Kong Limited
G-Star Raw C.V.
Lectra Technologies India Pvt Ltd.
KIABI
Colours India Inc
OVS Hong Kong Sourcing Ltd.
Rieter India Private Limited
Kern – Liebers Textile
Gloria Jeans
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
H;&M Hennes ;& Mauritz (Far East) Ltd
Green Fibre
Brandix Lanka Limited
VNU Exhibitions Asia
Copenhagen Fashion Summit
Amazon China
Bluestem Global Sourcing Limited
Vardhman Textile Ltd
Inter Expo Center Ltd.
Gap International Sourcing Limited
LC Waikiki
ZAITEX spa
Alison Hayes Romania
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Babyshop
J ;& P Coats
Pt. Peraga Nusantara Jaya Sakti
Equinox Impex India
Coats Digital Limited
Datatex Consulting Srl
Lottmann Communications
Meera Dyestuff Industries
John Varvatos
Midas Clothing Limited
Tradewind International Servicing
BIANCA
Aleph Srl
Benetton Group
International Textile Manufacturers Federation
Loris Bellini S.r.l.
G.A.S. unternehmenskommunikation gmbh
Nihalani Events Management
JES MEDIA, INC
COTTON COUNCIL INTERNATIONAL
Cat Tuong Real Estate Group Joint Stock Company
BIMBA ;& LOLA SL
The Top Form Brassiere Manufacturing Company Limited
Desigual - ABASIC, S.A.
Eurofins BLC Leather Technology Centre Ltd
Walmart
C;&A Sourcing International Ltd
Splash
Savio Macchine Tessili S.P.A.
Hela Clothing Pvt Ltd
DyStar India Pvt. Ltd
Officina Meccanica Dora Enrico Srl
Sateri (Jiujiang) Fiber Co.,Ltd
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Palexpo SA
Shanghai  Aige Exhibition Service Co., Ltd
GIOVANNI BOZZETTO S.p.A.
Sportmaster Ltd.
Stahl Holdings B.V.,
Lululemon Athletica Inc
Jiangsu Yingyang Nonwoven Machinery Company Limited
Color Service s.r.l.
USTER
The LYCRA Company Singapore  Pte. Ltd
Landmark Group
Phong Phu international JSC (PPJ)
Varner AS Retail
Thermore (Far East) Ltd.
Infor (Hong Kong) Limited
Performance Days
Rayonese Textile Inc., Division de Culp Inc.
CGS Inc.
Saurer Textile Solutions Pvt. Ltd.
Lenzing Aktiengesellschaft
Messe Duesseldorf
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Zydex Industries
ITMA Services Pte Ltd
Rosset ;& Cia Limited
Woolmark Services India Pvt. Ltd.
Calvin Klein
Gokaldas Exports Limited
EUROVET ASIA LTD
Nandan Denim Limited
Applied DNA Sciences Inc
Dow Silicones Corporation
Hirdaramani International Export Private Limited
Recron Polyester from Reliance Industries Limited
Centric Software
Lifestyle
Truetzschler India Private Limited
Sportswear Company Spa
Grasim Industries Limited
Esprit Europe Services GmbH
Seasalt Limited
T.T. Limited
CSGIA(China Screen Printing & Graphic Imaging Association)
Lenzing Aktiengesellschaft - India
Restoque S.A.
Tommy Hilfiger
Groz-Beckert KG
Reiter India Private Limited
Groz-Beckert East Asia LLP
Mesdan SPA
Helly Hansen Far East Ltd
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
EPCH
APLF Limited
K AND D ITMACH EXPOSITIONS LLP
Zünd Systemtechnik AG
Istanbul Fuarcilik A.S.
Gatsby Africa

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search