Kadant, a US-based supplier for the global pulp and paper industry, recently reported its financial results for the second quarter ended June 28, 2014.
Revenue increased 28% to a record $105 million in the second quarter of 2014, including $10 million from acquisitions, compared to $82 million in the second quarter of 2013. Excluding acquisitions, revenue increased 15% in the second quarter of 2014 compared to the second quarter of 2013.
Bookings increased 32% to a record $115 million in the second quarter of 2014, including $14 million from acquisitions, compared to $87 million in the second quarter of 2013.
Net income from continuing operations was $8 million in the second quarter of 2014 compared to $6 million in the second quarter of 2013.
Adjusted EBITDA increased 39% to a record $15 million in the second quarter of 2014 compared to $11 million in the second quarter of 2013.
Backlog was a record $129 million at the end of the second quarter of 2014.
