KADANT INC
For the period ended Jun 29, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2024 · Filed Aug 7, 2024
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(Note 4)
- Earnings per Share
Basic and diluted earnings per share (EPS) were calculated as follows:
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 29,2024 | July 1,2023 | June 29,2024 | July 1,2023 | |
| (In thousands, except per share amounts) | ||||
| Net Income Attributable to Kadant | $31,291 | $29,734 | $55,980 | $57,809 |
| Basic Weighted Average Shares | 11,743 | 11,704 | 11,734 | 11,693 |
| Effect of Restricted Stock Units and Employee Stock Purchase Plan Shares | 23 | 19 | 21 | 16 |
| Diluted Weighted Average Shares | 11,766 | 11,723 | 11,755 | 11,709 |
| Basic Earnings per Share | $2.66 | $2.54 | $4.77 | $4.94 |
| Diluted Earnings per Share | $2.66 | $2.54 | $4.76 | $4.94 |
The effect of outstanding and unvested restricted stock units (RSUs) of the Company’s common stock totaling 25,000 shares in the second quarter of 2024,26,000 shares in the second quarter of 2023,29,000 in the first six months of 2024 and 32,000 in the first six months of 2023 were not included in the computation of diluted EPS for the respective periods as the effect would have been antidilutive or, for unvested performance-based RSUs, the performance conditions had not been met as of the end of the reporting periods.
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