News Alert: Kadant Inc. (NYSE: KAI)

WESTFORD, Mass., June 23, 2019 – Shares of Kadant Inc. (NYSE: KAI) gained 0.14% to $91.06. The stock grabbed the investor’s attention and traded 272.766K shares as compared to its average daily volume of 72.87K shares. The stock’s institutional ownership stands at 95.10%.

Kadant Inc. (KAI) reported first-quarter profit of $10.90M.

First Quarter 2019 Results:

Revenue increased 15 percent to $171.30M contrast to the first quarter of 2018, counting $20.60M from an acquisition and a $7.00M decrease from the unfavorable effect of foreign currency translation. Excluding the impact of an acquisition and foreign currency translation, revenue increased six percent contrast to the first quarter of 2018. Gross margin was 41.2 percent, counting a 1.3 percent negative impact from the amortization of attained profit in inventory. Net income was $10.90M, or $0.96 per diluted share, in both the first quarters of 2019 and 2018. Adjusted diluted EPS increased 16 percent to $1.24 contrast to $1.07 in the first quarter of 2018. Adjusted diluted EPS in the first quarter of 2019 excludes $0.22 of amortization from attained profit in inventory and backlog and $0.06 of acquisition costs. Adjusted diluted EPS in the first quarter of 2018 excludes $0.05 of restructuring costs, $0.04 of discrete tax expense, and $0.02 of amortization from attained backlog.

Adjusted EBITDA increased 27 percent to $30.00M contrast to $23.50M in the first quarter of 2018. Adjusted EBITDA excludes $3.30M of amortization from attained profit in inventory and backlog and $0.80M of acquisition costs in the first quarter of 2019 and $0.80M of restructuring costs and $0.30M of amortization from attained backlog in the first quarter of 2018. Cash flows from operations increased 37 percent to $9.90M contrast to $7.20M in the first quarter of 2018. Bookings increased to a record $183.60M contrast to $181.90M in the first quarter of 2018, counting $24.50M from an acquisition and a $7.70M decrease from the unfavorable effect of foreign currency translation. Excluding the impact of an acquisition and foreign currency translation, bookings reduced eight percent contrast to the first quarter of 2018.

KAI has a market value of $1.02B while its EPS was booked as $5.22 in the last 12 months. The stock has 11.16M shares outstanding. In the profitability analysis, the company has gross profit margin of 43.10% while net profit margin was 9.20%. Beta value of the company was 1.23; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.50.

Eye-Catching Stock: John Bean Technologies Corporation (NYSE: JBT)

CHICAGO, June 23, 2019 – Shares of John Bean Technologies Corporation (NYSE: JBT) showed the bullish trend with a higher momentum of 1.33% to $118.26. The company traded total volume of 364.586K shares as contrast to its average volume of 156.74K shares. The company has a market value of $3.69B and about 31.22M shares outstanding.

John Bean Technologies Corp. (JBT) reported first-quarter profit of $19.70M. On a per-share basis, the Chicago-based company said it had profit of 61 cents. Earnings, adjusted for restructuring costs, were 77 cents per share. The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

The food processing and transportation services company posted revenue of $417.50M in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $387.0M. For the current quarter ending in July, JBT anticipates its per-share earnings to range from $1.05 to $1.10. The company anticipates full-year earnings in the range of $4.35 to $4.55 per share.

The Company offered net profit margin of 6.40% while its gross profit margin was 29.10%. ROE was recorded as 27.60% while beta factor was 1.47. The stock, as of recent close, has shown the weekly upbeat performance of 3.37% which was maintained at 64.68% in this year.

Worth Watching Stock: Illinois Tool Works Inc. (NYSE: ITW)

GLENVIEW, Ill., June 23, 2019 – Shares of Illinois Tool Works Inc. (NYSE: ITW) declined -0.16% to $151.93. The stock traded total volume of 1.467M shares higher than the average volume of 1.24M shares.

Illinois Tool Works Inc. (ITW) reported first-quarter earnings of $597.0M. On a per-share basis, the Glenview, Illinois-based Company said it had profit of $1.81. The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.

The equipment manufacturer for the transportation, power, food and construction industries posted revenue of $3.55B in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $3.64B. Illinois Tool Works anticipates full-year earnings to be $7.90 to $8.20 per share.

ITW has the market capitalization of $49.58B and its EPS growth ratio for the past five years was 15.90%. The return on assets ratio of the Company was 16.40% while its return on investment ratio stands at 25.90%. Price to sales ratio was 3.40 while 79.60% of the stock was owned by institutional investors.

Stock on the Run: General Dynamics Corporation (NYSE: GD)

FALLS CHURCH, Va., June 20, 2019 – General Dynamics (GD) recently stated first-quarter 2019 revenue of $9.30B, up 22.9 percent year-over-year, with net earnings of $745.0M. Diluted earnings per share were $2.56.

Backlog:

General Dynamics’ total backlog at the end of first-quarter 2019 was $69.20B, up 11.4 percent year-over-year. Estimated potential contract value, representing management’s estimate of value in unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options, was $33.90B. Total potential contract value, the sum of all backlog components, was $103.20B, up 17.7 percent year-over-year.

Order activity remained strong across both the aerospace and defense portfolios.  Aerospace booked more than $3.10B in orders in the quarter.  Noteworthy awards in defense portfolios in the quarter included $2.0B from the U.S. Navy for long-lead materials for Block V Virginia-class submarines, $580.0M for services to classified customers, contracts totaling $510.0M from the Navy for maintenance and repair of ships and a Virginia-class submarine, a blanket purchase agreement of $490.0M from the Defense Information Systems Agency to operate Pentagon and government-furnished network infrastructures, contracts totaling $435.0M to support the U.S. Army’s Stryker armored fighting vehicle and Abrams tank programs, contracts totaling $160.0M to produce munitions for the U.S. Army, $125.0M to provide helicopter training and simulation services to the Army and $115.0M for computing and communications equipment under the Army’s Common Hardware Systems-5 program.

Capital Deployment:

The Company repurchased 525.0K of its outstanding shares in the first quarter. In March, the board of directors increased the company’s quarterly dividend to $1.02 per share. This 9.7 percent increase marked the company’s 22nd successive annual dividend increase.

News Alert: Eaton Corporation plc (NYSE: ETN)

On Monday, Shares of Eaton Corporation plc (NYSE: ETN) showed the bearish trend with a lower momentum of -0.93% to $77.64. The company traded total volume of 1.310M shares as contrast to its average volume of 2.05M shares. The company has a market value of $33.24B and about 428.07M shares outstanding.

Eaton Corp. PLC (ETN) stated first-quarter earnings of $522.0M. The Dublin-based company said it had net income of $1.23 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.26 per share. The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

The power management company posted revenue of $5.31B in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $5.40B. For the current quarter ending in July, Eaton anticipates its per-share earnings to range from $1.45 to $1.55. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.51. The company anticipates full-year earnings in the range of $5.72 to $6.02 per share.

The Company offered net profit margin of 10.10% while its gross profit margin was 33.00%. ROE was recorded as 13.20% while beta factor was 1.44. The stock, as of recent close, has shown the weekly downbeat performance of -2.12% which was maintained at 13.08% in this year.