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Kadant (Kadant) EBIT : $167.4 Mil (TTM As of Dec. 2023)


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What is Kadant EBIT?

Kadant's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $39.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $167.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kadant's annualized ROC % for the quarter that ended in Dec. 2023 was 11.32%. Kadant's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 60.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kadant's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.04%.


Kadant EBIT Historical Data

The historical data trend for Kadant's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kadant EBIT Chart

Kadant Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 81.68 81.11 116.87 172.11 167.41

Kadant Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.20 40.39 43.37 43.96 39.69

Competitive Comparison of Kadant's EBIT

For the Specialty Industrial Machinery subindustry, Kadant's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kadant's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kadant's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Kadant's EV-to-EBIT falls into.



Kadant EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $167.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Kadant  (NYSE:KAI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Kadant's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=154.804 * ( 1 - 27.49% )/( (995.799 + 987.874)/ 2 )
=112.2483804/991.8365
=11.32 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1154.104 - 81.512 - ( 76.793 - max(0, 213.564 - 436.122+76.793))
=995.799

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1175.665 - 83.959 - ( 103.832 - max(0, 214.409 - 440.182+103.832))
=987.874

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Kadant's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=158.748/( ( (128.738 + max(136.768, 0)) + (140.504 + max(116.784, 0)) )/ 2 )
=158.748/( ( 265.506 + 257.288 )/ 2 )
=158.748/261.397
=60.73 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(140.075 + 164.346 + 42.795) - (81.512 + 77.588 + 51.348)
=136.768

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(133.929 + 152.677 + 41.378) - (83.959 + 74.835 + 52.406)
=116.784

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Kadant's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=167.414/3322.884
=5.04 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Kadant EBIT Related Terms

Thank you for viewing the detailed overview of Kadant's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Kadant (Kadant) Business Description

Traded in Other Exchanges
Address
One Technology Park Drive, Westford, MA, USA, 01886
Kadant Inc. supplies process and engineering equipment for papermaking, recycling, lumber manufacturing, and related industries. The company's three reportable segments are: Flow Control segment which consists of the fluid-handling and doctoring, cleaning, & filtration product lines; Industrial Processing segment which consists of the wood processing and stock-preparation product lines; and Material handling systems, which provides conveyor-belt equipment for industries such as mining, food processing, and packaging. The company has a global presence with sizable revenue from the U.S., Europe, Asia, and Canada.
Executives
Thomas Andrew Blanchard officer: Vice President KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Michael C. Colwell officer: Vice President KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Erin L Russell director 245 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10167
John M Albertine director 100 FEDERAL DRIVE, FREDERICKSBURG VA 22405
Dara F Mitchell officer: Senior VP, Corp. Development 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Peter J. Flynn officer: Vice President KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Fredrik H Westerhout officer: Vice President KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Stacy D. Krause officer: VP, General Counsel, Secretary KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Michael J Mckenney officer: VICE PRESIDENT ONE ACTON PLACE STE.200, ACTON MA 01720
William P Tully director 1 TECHNOLOGY PARK DRIVE, 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Rebecca Martinez O'mara director KADANT INC., 1 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Thomas C Leonard director KADANT INC., 1 TECHONOLOGY PARK DRIVE, WESTFORD MA 01886
Eric T Langevin officer: Vice President KADANT INC., ONE ACTON PLACE, SUITE 202, ACTON MA 01720
Jeffrey L Powell officer: EXECUTIVE VICE PRESIDENT 1 WALNUT STREET, ACTON MA 01720
Jonathan W Painter officer: EXECUTIVE VICE PRESIDENT ONE ACTO PLACE, SUITE 202, ACTON MA 01720

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