reports
Kadant Reports First Quarter 2024 Results
Kadant Reports First Quarter 2024 Results WESTFORD, Mass., April 30, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended March 30, 2024. First Quarter Financial Highlights Revenue increased 8% to a record $249 millionGross margin was 44.6%Adjusted gross margin was 45.5% excluding acquisition-related costsOperating cash flow decreased 38% to $23 millionNet income decreased 12% to $25 millionGAAP EPS decreased 13% to $2.10Adjusted EPS decreased 1% to $2.38Adjusted EBITDA increased 8% to $52 million and represented 21.0% of revenueBoo...
Kadant to Hold Earnings Conference Call on Wednesday, May 1, 2024
Kadant to Hold Earnings Conference Call on Wednesday, May 1, 2024 WESTFORD, Mass., April 25, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2024 first quarter results after the market closes on Tuesday, April 30, 2024 and will hold a webcast the next day, Wednesday, May 1, 2024 at 11:00 a.m. eastern time. During the call the Company will discuss its first quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the “Investors” section of the Company’s website at . Participants interested in joining the c...
Kadant Declares Cash Dividend
Kadant Declares Cash Dividend Raises Quarterly Dividend to $0.32 per Share WESTFORD, Mass., March 06, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors increased its quarterly cash dividend to stockholders to $0.32 per share to be paid on May 8, 2024 to stockholders of record as of the close of business on April 10, 2024. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change. About Kadant Kadant Inc. is a global supplier of technologies and engineered systems tha...
Kadant Inc: 2 directors
Two Directors at Kadant Inc sold 7,941 shares at between 327.325USD and 330.252USD. The significance rating of the trade was 83/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last...
Kadant Reports Fourth Quarter and Fiscal Year 2023 Results
Kadant Reports Fourth Quarter and Fiscal Year 2023 Results Record Revenue and Cash Flow in FY 2023 WESTFORD, Mass., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 30, 2023. Fourth Quarter Financial Highlights Revenue increased 3% to $239 million Operating cash flow increased 68% to $59 millionFree cash flow increased 114% to $49 millionNet income increased 5% to $27 millionGAAP EPS increased 4% to $2.33Adjusted EPS increased 3% to $2.41Adjusted EBITDA decreased 2% to $48 million and repr...
Kadant Named to Newsweek’s List of America’s Most Responsible Companie...
Kadant Named to Newsweek’s List of America’s Most Responsible Companies 2024 WESTFORD, Mass., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that it was named one of "America's Most Responsible Companies 2024" by Newsweek magazine. This was the fourth consecutive year Kadant has been included on the awards list which assesses companies on Environmental, Social, and Corporate Governance (ESG) factors. “It is an honor to once again be named one of America’s Most Responsible Companies,” said Jeffrey L. Powell, president and chief executive officer of Kadant. “...
Kadant to Hold Earnings Conference Call on Thursday, February 15, 2024
Kadant to Hold Earnings Conference Call on Thursday, February 15, 2024 WESTFORD, Mass., Feb. 09, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2023 fourth quarter and full-year results after the market closes on Wednesday, February 14, 2024 and will hold a webcast the next day, Thursday, February 15, 2024 at 11:00 a.m. eastern time. During the call the Company will discuss its fourth quarter and full-year financial performance and future expectations. To listen to the live call and view the webcast, go to the “Investors” section of the Company’s website...
Kadant Acquires KWS Manufacturing Company
Kadant Acquires KWS Manufacturing Company WESTFORD, Mass., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced it has completed the acquisition of KWS Manufacturing Company, Ltd. (“KWS”) for approximately $84 million in cash, subject to certain customary adjustments. The acquisition was financed primarily through borrowings under Kadant's revolving credit facility. KWS is a leading manufacturer of conveying equipment for the bulk material handling industry. The company manufactures screw conveyors, screw feeders, slide gates, and bucket elevators for process industr...
Kadant Completes Acquisition of Key Knife, Inc.
Kadant Completes Acquisition of Key Knife, Inc. WESTFORD, Mass., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) has completed its previously announced acquisition of Key Knife, Inc. and certain of its affiliates (“Key Knife”) for approximately $156 million in cash, subject to certain customary adjustments. The acquisition was financed primarily through borrowings under Kadant's revolving credit facility. Key Knife is a global supplier of engineered knife systems for custom chipping, planing, and flaking solutions for wood product industries. Its products enable wood processing...
Kadant to Acquire Key Knife, Inc.
Kadant to Acquire Key Knife, Inc. WESTFORD, Mass., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) has entered into a definitive agreement to acquire Key Knife, Inc. and certain of its affiliates (“Key Knife”) for approximately $156 million in cash, subject to certain customary adjustments. The acquisition is expected to close in early January 2024, subject to the satisfaction of customary closing conditions, and will be financed primarily through borrowings under Kadant’s revolving credit facility. Founded in 1986, Key Knife is a global supplier of engineered knife systems for...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Russell 2000 Testing 1.5+ Year Resistance The market remains in "lockout rally" mode, where prices continue to move higher with little-to-no pullbacks, while ignoring overbought readings. This is something we have discussed on a weekly basis since our 11/21/23 Compass. There is no reason to fight this bullish trend, and we continue to expect more upside into year-end and the early part of 2024. Russell 2000, Several High-Octane ETFs (ARKK, IPO, XBI) Testing Major 1.5+ Year Resistances. The Rus...
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BRC
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Kadant Declares Cash Dividend
Kadant Declares Cash Dividend WESTFORD, Mass., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.29 per share to be paid on February 1, 2024 to stockholders of record as of the close of business on January 4, 2024. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change. About KadantKadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing. The ...
Kadant Reports Third Quarter 2023 Results
Kadant Reports Third Quarter 2023 Results Raises Revenue and Earnings Guidance WESTFORD, Mass., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended September 30, 2023. Third Quarter Financial Highlights Revenue increased 9% to $244 millionOperating cash flow increased 89% to $47 millionFree cash flow increased 106% to $38 millionNet income increased 12% to $31 millionGAAP EPS increased 12% to $2.63Adjusted EPS increased 13% to a record $2.69Adjusted EBITDA increased 10% to a record $53 million and represented a record ...
Kadant to Hold Earnings Conference Call on Wednesday, November 1, 2023
Kadant to Hold Earnings Conference Call on Wednesday, November 1, 2023 WESTFORD, Mass., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2023 third quarter results after the market closes on Tuesday, October 31, 2023 and will hold a webcast the next day, Wednesday, November 1, 2023 at 11:00 a.m. eastern time. During the call the Company will discuss its third quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the “Investors” section of the Company’s website at . Participants interested in ...
Kadant Declares Cash Dividend
Kadant Declares Cash Dividend WESTFORD, Mass., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.29 per share to be paid on November 9, 2023 to stockholders of record as of the close of business on October 12, 2023. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change. About KadantKadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing. Th...
Kadant Reports Second Quarter 2023 Results
Kadant Reports Second Quarter 2023 Results Reports Record Revenue and Raises Earnings Guidance WESTFORD, Mass., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended July 1, 2023. Second Quarter Financial Highlights Revenue increased 11% to a record $245 millionBookings decreased 19% to $215 millionOperating cash flow increased 20% to $22 millionNet income increased 14% to $30 millionGAAP EPS increased 13% to $2.54Adjusted EPS increased 13% to a record $2.54Adjusted EBITDA increased 12% to a record $52 million and repre...
Kadant to Hold Earnings Conference Call on Wednesday, August 2, 2023
Kadant to Hold Earnings Conference Call on Wednesday, August 2, 2023 WESTFORD, Mass., July 27, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2023 second quarter results after the market closes on Tuesday, August 1, 2023 and will hold a webcast the next day, Wednesday, August 2, 2023 at 11:00 a.m. eastern time. During the call the Company will discuss its second quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the “Investors” section of the Company’s website at . Participants interested in joinin...
Kadant Authorizes Share Repurchase
Kadant Authorizes Share Repurchase WESTFORD, Mass., May 18, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has authorized the repurchase of up to $50 million of its equity securities effective May 18, 2023 through May 18, 2024. Repurchases may be made in public or private transactions, including under Securities Exchange Act Rule 10b-5-1 trading plans. The timing and amount of any repurchases will be at the discretion of Company management and will be based on market conditions and other considerations, including limitations contained in our c...
Kadant Declares Cash Dividend
Kadant Declares Cash Dividend WESTFORD, Mass., May 18, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.29 per share to be paid on August 10, 2023 to stockholders of record as of the close of business on July 13, 2023. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change. About KadantKadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing. The Compan...
Kadant Reports First Quarter 2023 Results
Kadant Reports First Quarter 2023 Results Reports Record Bookings and Raises Earnings Guidance WESTFORD, Mass., May 02, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended April 1, 2023. First Quarter Financial Highlights Bookings increased 3% to a record $275 millionOperating cash flow increased 55% to $37 millionRevenue increased 1% to $230 millionNet income decreased 32% to $28 millionGAAP EPS decreased 32% to $2.40Adjusted EPS increased 5% to a record $2.40Adjusted EBITDA increased 6% to $49 million and represented 21.1...
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