Welcome to our dedicated page for Kadant news (Ticker: $KAI), a resource for investors and traders seeking the latest updates and insights on Kadant stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kadant's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kadant's position in the market.
Kadant Inc. reported a record revenue of $249 million in the first quarter of 2024, marking an 8% increase year over year. However, the company saw a decrease in net income and EPS, with operating cash flow falling by 38%. The aftermarket parts segment performed well, offsetting flat capital equipment revenue. Kadant maintains revenue and EPS guidance for the full year 2024, expecting revenue of $1.040 to $1.065 billion and adjusted EPS of $9.75 to $10.05.