reports
Kadant Hosts 2024 Investor Day
Kadant Hosts 2024 Investor Day Event Theme: Pioneering Industrial Solutions for a Sustainable FuturePresents New Five-Year Financial Goals WESTFORD, Mass., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) will host its 2024 Investor Day today at the Lotte New York Palace Hotel in New York City. Members of Kadant’s executive leadership team will discuss the Company’s business outlook, growth opportunities, and new five-year financial goals followed by a question and answer session. The theme of the event is Pioneering Industrial Solutions for a Sustainable Future and will featur...
Kadant Inc: 3 directors
Three Directors at Kadant Inc sold 1,753 shares at between 397.253USD and 398.215USD. The significance rating of the trade was 79/100. 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 la...
Kadant Declares Cash Dividend
Kadant Declares Cash Dividend WESTFORD, Mass., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.32 per share to be paid on February 6, 2025 to stockholders of record as of the close of business on January 9, 2025. 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 that drive Sustainable Industrial Processi...
Kadant Reports Third Quarter 2024 Results
Kadant Reports Third Quarter 2024 Results WESTFORD, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended September 28, 2024. Third Quarter Financial Highlights Revenue increased 11% to $272 millionGross margin was 44.7%Operating cash flow increased 12% to $52 millionFree cash flow increased 27% to $48 millionNet income increased 2% to $32 millionGAAP EPS increased 2% to $2.68Adjusted EPS increased 6% to a record $2.84Adjusted EBITDA was a record $63 million and represented a record 23.3% of revenueBookings increased ...
Kadant to Host 2024 Investor Day
Kadant to Host 2024 Investor Day WESTFORD, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will host an Investor Day on Thursday, December 12, 2024 at the Lotte New York Palace Hotel in New York City. The event will feature presentations by members of Kadant’s executive leadership team, who will discuss the Company’s business outlook, growth opportunities, and new five-year financial goals. A live webcast will begin at approximately 11:30 a.m. eastern time on the day of the event and will include a live question and answer session. To access the webcast,...
Kadant to Hold Earnings Conference Call on Wednesday, October 30, 2024
Kadant to Hold Earnings Conference Call on Wednesday, October 30, 2024 WESTFORD, Mass., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2024 third quarter results after the market closes on Tuesday, October 29, 2024 and will hold a webcast the next day, Wednesday, October 30, 2024 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 jo...
Kadant Named to Newsweek’s List of America’s Greatest Workplaces for P...
Kadant Named to Newsweek’s List of America’s Greatest Workplaces for Parents and Families 2024 WESTFORD, Mass., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today it was named one of "America's Greatest Workplaces for Parents and Families 2024" by Newsweek magazine. The award recognizes 1,000 U.S. workplaces based on more than 693,000 reviews. “We are honored to be recognized for creating an environment that highly values our employees, their families, and our communities,” said Jeffrey L. Powell, president and chief executive officer of Kadant. “Our people are ou...
Kadant Declares Cash Dividend
Kadant Declares Cash Dividend WESTFORD, Mass., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.32 per share to be paid on November 7, 2024 to stockholders of record as of the close of business on October 10, 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 Second Quarter 2024 Results
Kadant Reports Second Quarter 2024 Results WESTFORD, Mass., July 30, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended June 29, 2024. Second Quarter Financial Highlights Revenue increased 12% to a record $275 millionGross margin was 44.4%Operating cash flow increased 25% to $28 millionFree cash flow increased 69% to $23 millionNet income increased 5% to $31 millionGAAP EPS increased 5% to $2.66Adjusted EPS increased 11% to a record $2.81Adjusted EBITDA was a record $62 million and represented a record 22.5% of revenueBookings in...
Kadant to Hold Earnings Conference Call on Wednesday, July 31, 2024
Kadant to Hold Earnings Conference Call on Wednesday, July 31, 2024 WESTFORD, Mass., July 25, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2024 second quarter results after the market closes on Tuesday, July 30, 2024 and will hold a webcast the next day, Wednesday, July 31, 2024 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 joining t...
Kadant Acquires Dynamic Sealing Technologies
Kadant Acquires Dynamic Sealing Technologies Expands Flow Control Segment with Fluid Rotary Union Manufacturer WESTFORD, Mass., June 03, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced it has completed the acquisition of Dynamic Sealing Technologies LLC and affiliates (“DSTI”) for approximately $55 million in cash, subject to certain customary adjustments. The acquisition was financed through borrowings under Kadant's revolving credit facility. DSTI is a leader in engineered fluid sealing and transfer solutions for rotating applications. The company specializes in the...
Kadant Authorizes Share Repurchase
Kadant Authorizes Share Repurchase WESTFORD, Mass., May 16, 2024 (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 16, 2024 through May 16, 2025. 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 16, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.32 per share to be paid on August 8, 2024 to stockholders of record as of the close of business on July 11, 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 Company...
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 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...
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