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.
Kadant Inc., trading under the symbol KAI on the New York Stock Exchange, is a global supplier of high-value, critical components and engineered systems utilized in various process industries worldwide. Headquartered in Westford, Massachusetts, Kadant's products, technologies, and services play a pivotal role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity, particularly in resource-intensive sectors.
Established as an independent public company in 2001, Kadant has a rich history, with some of its business units serving industrial customers for over a century. The company operates through three primary segments:
- Flow Control: This segment includes fluid-handling, doctoring, cleaning, and filtration product lines.
- Industrial Processing: This comprises wood processing and stock-preparation product lines.
- Material Handling Systems: Kadant offers conveyor-belt equipment for industries such as mining, food processing, and packaging.
With a robust presence across North America, South America, Europe, and Asia, Kadant has steadily grown through acquisitions and internal development, cementing its position as a leading supplier in the process industries. The company employs approximately 3,400 people across 20 countries.
In 2023, Kadant reported record financial performance, achieving revenues of $957.7 million, an adjusted EBITDA of $201.3 million, and a free cash flow of $133.7 million. The company's strong financial health is underscored by its consistent growth in revenue and profitability, despite global economic uncertainties.
Kadant continues to innovate and expand its offerings, contributing significantly to sustainable industrial processing. The company's latest projects include advancements in fluid handling, material processing, and enhanced filtration systems, aimed at further improving efficiency and reducing environmental impact.
For the latest updates, Kadant's investors can visit the company's website and access financial reports, earnings calls, and other pertinent information. With a sound strategic vision and a commitment to sustainability, Kadant Inc. remains a crucial player in the industrial processing sector.
Kadant Inc. (KAI) announced an increase in its quarterly cash dividend to $0.29 per share, payable on May 10, 2023. The dividend will be for stockholders of record as of the close of business on April 12, 2023. The decision reflects the company's ongoing commitment to returning value to its shareholders, although future dividend declarations will depend on business needs and market conditions. Kadant specializes in technologies that enhance efficiency and productivity in process industries, employing approximately 3,100 people across 20 countries.
Kadant Inc. (NYSE: KAI) announced its Q4 and fiscal year 2022 results, achieving record revenues and earnings. Q4 revenue rose 6% to $232 million, with net income up 8% to $26 million and GAAP EPS increasing 8% to $2.23. For the full year, revenue reached $905 million, a 15% increase, while net income surged 44% to $121 million. Despite these gains, operating cash flow fell 42% in Q4 and 37% for the year, reflecting increased working capital needs. Looking ahead, Kadant expects 2023 revenue between $900-$925 million and GAAP diluted EPS of $8.72 to $8.97.
Kadant Inc. (NYSE: KAI) is set to release its 2022 fourth quarter and full-year results on February 15, 2023, after market close. The company will hold a webcast on February 16, 2023, at 11:00 a.m. ET to discuss its financial performance and future expectations. Interested parties can join via the Investors section of the company's website.
Kadant provides technologies and systems that enhance efficiency and productivity in process industries. With approximately 3,100 employees across 20 countries, the company aims to drive sustainable industrial processing.
Kadant Inc. (NYSE: KAI) has announced a quarterly cash dividend of $0.26 per share, payable on February 2, 2023 to stockholders of record as of January 5, 2023. The Board of Directors will determine future dividends based on business conditions and needs. Kadant is a global provider of technologies aimed at enhancing efficiency in industrial processing, employing approximately 3,000 people across 20 countries.
Kadant Inc. (NYSE: KAI) reported strong financial results for Q3 2022, with a 12% revenue increase to $225 million and a 34% rise in net income to $27 million. Adjusted diluted EPS rose 21% to $2.38, marking a record high. However, bookings decreased 14% to $211 million, driven by declining demand amid challenging market conditions. Despite these hurdles, the company holds a robust backlog of $350 million and forecasts 2022 revenue between $890 million and $896 million. Management anticipates continued macroeconomic pressures affecting future order activity.
Kadant Inc. (NYSE: KAI) will announce its third quarter 2022 results on November 1, 2022, after market close. A webcast is scheduled for November 2 at 11:00 a.m. Eastern Time, where the company's financial performance and future expectations will be discussed. To join the call, participants must register online. A replay will be available until December 2, 2022. Kadant specializes in technologies and engineered systems for sustainable industrial processing, with around 3,000 employees globally.
Kadant Inc. (NYSE: KAI) announced a quarterly cash dividend of $0.26 per share to be paid on November 10, 2022. Stockholders of record will be those on October 13, 2022. This dividend reflects the company's ongoing commitment to returning value to its shareholders, though future dividends are subject to Board approval based on business needs and market conditions. Kadant specializes in technologies for sustainable industrial processing across various sectors.
Kadant reported strong Q2 2022 results with revenues rising 13% to $222 million and net income increasing 14% to $26 million. The GAAP diluted EPS also grew 14% to $2.24. Bookings surged by 25% to $266 million, setting a record backlog of $379 million. However, operating cash flow fell 58% to $19 million, attributed to increased working capital. Kadant has raised its revenue guidance for 2022 to between $890 million and $905 million, while maintaining GAAP diluted EPS guidance of $10.05 to $10.25.
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