Kadant Inc
Kadant Inc. supplies critical components and engineered systems worldwide. It operates through three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables, consisting of doctor systems and holders, profiling systems, doctor blades, shower and fabric-conditioning systems, formation systems, and water-filtration systems. The Industrial Processing segment develops, manufactures, and markets ring and rotary debarkers, stranders, chippers, logging machinery, industrial automation and control systems, recycling and approach flow systems, and virgin pulping process equipment for use in the packaging, tissue, wood products, and alternative fuel industries. The Material Handling segment offers conveying and vibratory equipment, and balers and related equipment; and manufactures and sells biodegradable absorbent granules for carriers in as carriers in agricultural, home lawn and garden, professional lawn, turf, and ornamental applications, as well as for oil and grease absorption. The company was formerly known as Thermo Fibertek Inc. and changed its name to Kadant Inc. in July 2001. Kadant Inc. was founded in 1991 and is headquartered in Westford, Massachusetts.
IPO Year: 1992
Exchange: NYSE
Website: kadant.com
Recent Analyst Ratings for Kadant Inc
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/7/2023 | Outperform | William Blair |
Kadant Inc Press Releases
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Kadant Declares Cash Dividend
WESTFORD, Mass., March 05, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced today that its Board of Directors increased its quarterly cash dividend to stockholders to $0.34 per share to be paid on May 7, 2025 to stockholders of record as of the close of business on April 9, 2025. 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's products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in p
Fortrea to Add Erin L. Russell to Board of Directors
DURHAM, N.C., Feb. 21, 2025 (GLOBE NEWSWIRE) -- Fortrea (NASDAQ:FTRE), a leading global contract research organization (CRO), today announced that it will appoint Erin L. Russell, a financial and healthcare executive, as a new independent member of the Company's Board of Directors (the "Board") effective immediately prior to the next regularly scheduled meeting of the Board. Ms. Russell is being appointed in connection with a cooperation agreement (the "Agreement") between Fortrea and Starboard Value LP (together with its affiliates, "Starboard"), an investment firm that owns approximately 5.4% of the Company's outstanding common stock. "We are pleased to have reached a constructive agree
Modivcare Announces Changes to Board of Directors
Financial and Healthcare Executive Erin L. Russell Brings Decades of Experience in Healthcare Capital Markets and Strategy Modivcare Inc. (the "Company" or "Modivcare") (NASDAQ:MODV), a technology-enabled healthcare services company providing a platform of integrated supportive care solutions focused on improving health outcomes, today announced that Erin L. Russell has been appointed to its board of directors (the "Board"), effective February 10, 2025. Ms. Russell brings more than 25 years of experience in the healthcare and financial sectors, with a distinguished track record in capital and credit markets. On the Board, Ms. Russell will be a member of the Audit and Nominating and Govern
Kadant Set to Join S&P SmallCap 600
NEW YORK, Feb. 13, 2025 /PRNewswire/ -- Kadant Inc. (NYSE:KAI) will replace Inari Medical Inc. (NASD: NARI) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, February 19. S&P 500 constituent Stryker Corp. (NYSE:SYK) is acquiring Inari Medical in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector February 19, 2025 S&P SmallCap 600 Addition Kadant KAI Industrials February 19, 2025 S&P SmallCap 600 Deletion Inari Medical NARI Health Care For more information about
Kadant Reports Fourth Quarter and Fiscal Year 2024 Results
WESTFORD, Mass., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the fourth quarter and fiscal year ended December 28, 2024. Fourth Quarter Financial Highlights Revenue increased 8% to $258 millionGross margin was 43.4%Net income decreased 12% to $24 millionGAAP EPS decreased 12% to $2.04Adjusted EPS decreased 7% to $2.25Adjusted EBITDA increased 8% to $52 million and represented 20.3% of revenueOperating cash flow decreased 12% to $52 millionBookings increased 10% to $241 million Fiscal Year Financial Highlights Revenue increased 10% to a record $1.05 billionGross margin was 44.3%Net income decreased 4% to $112 millionGAAP EPS decreased 4% t
Kadant to Hold Earnings Conference Call on Thursday, February 13, 2025
WESTFORD, Mass., Feb. 07, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced it will release its 2024 fourth quarter and full-year results after the market closes on Wednesday, February 12, 2025 and will hold a webcast the next day, Thursday, February 13, 2025 at 11:00 a.m. Eastern Standard 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 at kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on ou
Kadant Named to Newsweek's List of America's Greenest Companies 2025
WESTFORD, Mass., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced today it was named one of "America's Greenest Companies 2025" by Newsweek magazine. The award recognizes 500 companies committed to environmental resource preservation. "It is an honor to receive an award that recognizes our commitment to Sustainable Industrial Processing®," said Jeffrey L. Powell, president and chief executive officer of Kadant. "Providing customers with solutions for greater resource efficiency is central to our value proposition. Driving sustainability through innovation has allowed Kadant to deliver exceptional value to all stakeholders." The ranking is determined through an analysis
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 feature presentations from members of Kadant's executive leadership team and other business leaders including: Jeffrey Powell, President and
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 Processing®. The Company's products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing
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 15% to $240 million Note: Percent changes above are based on comparison to the prior year period. All references to earnings per share (EPS) are
Kadant Inc Analyst Ratings
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William Blair resumed coverage on Kadant
William Blair resumed coverage of Kadant with a rating of Outperform
Barrington Research reiterated coverage on Kadant with a new price target
Barrington Research reiterated coverage of Kadant with a rating of Outperform and set a new price target of $200.00 from $190.00 previously
Barrington Research reiterated coverage on Kadant with a new price target
Barrington Research reiterated coverage of Kadant with a rating of Outperform and set a new price target of $190.00 from $175.00 previously
DA Davidson reiterated coverage on Kadant with a new price target
DA Davidson reiterated coverage of Kadant with a rating of Neutral and set a new price target of $140.00 from $115.00 previously
Kadant upgraded by Barrington Research with a new price target
Barrington Research upgraded Kadant from Mkt Perform to Outperform and set a new price target of $175.00
Kadant upgraded by Barrington Research
Barrington Research upgraded Kadant from Market Perform to Outperform
Kadant Inc Insider Trading
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Vice President Blanchard Thomas Andrew sold $111,018 worth of shares (325 units at $341.59), decreasing direct ownership by 15% to 1,902 units (SEC Form 4)
4 - KADANT INC (0000886346) (Issuer)
Senior Vice President Flynn Peter J. converted options into 350 shares and covered exercise/tax liability with 134 shares, increasing direct ownership by 6% to 4,119 units (SEC Form 4)
4 - KADANT INC (0000886346) (Issuer)
Vice President Blanchard Thomas Andrew converted options into 1,183 shares and covered exercise/tax liability with 365 shares, increasing direct ownership by 58% to 2,227 units (SEC Form 4)
4 - KADANT INC (0000886346) (Issuer)
SVP, GC and Secretary Krause Stacy D. covered exercise/tax liability with 1,049 shares and converted options into 2,412 shares (SEC Form 4)
4 - KADANT INC (0000886346) (Issuer)
Senior VP, Corp. Development Mitchell Dara F covered exercise/tax liability with 761 shares and converted options into 1,568 shares, increasing direct ownership by 239% to 1,144 units (SEC Form 4)
4 - KADANT INC (0000886346) (Issuer)
President & CEO Powell Jeffrey L converted options into 12,260 shares and covered exercise/tax liability with 5,932 shares, increasing direct ownership by 13% to 54,995 units (SEC Form 4)
4 - KADANT INC (0000886346) (Issuer)
Senior Vice President & CAO Selwood Deborah converted options into 914 shares and covered exercise/tax liability with 272 shares, increasing direct ownership by 3% to 20,435 units (SEC Form 4)
4 - KADANT INC (0000886346) (Issuer)
Vice President Westerhout Fredrik H covered exercise/tax liability with 846 shares and converted options into 1,705 shares, increasing direct ownership by 60% to 2,296 units (SEC Form 4)
4 - KADANT INC (0000886346) (Issuer)
Senior Vice President Colwell Michael C. converted options into 1,669 shares and covered exercise/tax liability with 761 shares, increasing direct ownership by 42% to 3,056 units (SEC Form 4)
4 - KADANT INC (0000886346) (Issuer)
Executive Vice President & CFO Mckenney Michael J converted options into 3,792 shares and covered exercise/tax liability with 1,837 shares, increasing direct ownership by 18% to 12,894 units (SEC Form 4)
4 - KADANT INC (0000886346) (Issuer)
Kadant Inc SEC Filings
SEC Form DEFA14A filed by Kadant Inc
DEFA14A - KADANT INC (0000886346) (Filer)
SEC Form DEF 14A filed by Kadant Inc
DEF 14A - KADANT INC (0000886346) (Filer)
SEC Form PRE 14A filed by Kadant Inc
PRE 14A - KADANT INC (0000886346) (Filer)
SEC Form S-3ASR filed by Kadant Inc
S-3ASR - KADANT INC (0000886346) (Filer)
SEC Form 10-K filed by Kadant Inc
10-K - KADANT INC (0000886346) (Filer)
Kadant Inc filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits
8-K - KADANT INC (0000886346) (Filer)
Amendment: SEC Form SCHEDULE 13G/A filed by Kadant Inc
SCHEDULE 13G/A - KADANT INC (0000886346) (Subject)
Amendment: SEC Form SCHEDULE 13G/A filed by Kadant Inc
SCHEDULE 13G/A - KADANT INC (0000886346) (Subject)
Kadant Inc filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits
8-K - KADANT INC (0000886346) (Filer)
SEC Form 10-Q filed by Kadant Inc
10-Q - KADANT INC (0000886346) (Filer)
Kadant Inc Leadership Updates
Live Leadership Updates
Modivcare Announces Changes to Board of Directors
Financial and Healthcare Executive Erin L. Russell Brings Decades of Experience in Healthcare Capital Markets and Strategy Modivcare Inc. (the "Company" or "Modivcare") (NASDAQ:MODV), a technology-enabled healthcare services company providing a platform of integrated supportive care solutions focused on improving health outcomes, today announced that Erin L. Russell has been appointed to its board of directors (the "Board"), effective February 10, 2025. Ms. Russell brings more than 25 years of experience in the healthcare and financial sectors, with a distinguished track record in capital and credit markets. On the Board, Ms. Russell will be a member of the Audit and Nominating and Govern
Kadant Set to Join S&P SmallCap 600
NEW YORK, Feb. 13, 2025 /PRNewswire/ -- Kadant Inc. (NYSE:KAI) will replace Inari Medical Inc. (NASD: NARI) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, February 19. S&P 500 constituent Stryker Corp. (NYSE:SYK) is acquiring Inari Medical in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector February 19, 2025 S&P SmallCap 600 Addition Kadant KAI Industrials February 19, 2025 S&P SmallCap 600 Deletion Inari Medical NARI Health Care For more information about
Kadant Appoints Rebecca Martinez O'Mara to its Board of Directors
WESTFORD, Mass., March 17, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI), a global supplier of technologies and engineered systems, today announced the expansion of the board of directors from six to seven directors and the appointment of Rebecca Martinez O'Mara to its board of directors effective May 1, 2022. Ms. O'Mara was appointed to the class of directors the term for which expires at Kadant's 2024 annual meeting of stockholders. Ms. O'Mara served as the president of industrial services for Stanley Black & Decker, Inc., a Fortune 500 manufacturer of industrial tools and household hardware. She was previously vice president of services and solutions at Grundfos Holdings A/S, a globa
Kadant Inc Financials
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Kadant Declares Cash Dividend
WESTFORD, Mass., March 05, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced today that its Board of Directors increased its quarterly cash dividend to stockholders to $0.34 per share to be paid on May 7, 2025 to stockholders of record as of the close of business on April 9, 2025. 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's products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in p
Kadant Reports Fourth Quarter and Fiscal Year 2024 Results
WESTFORD, Mass., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the fourth quarter and fiscal year ended December 28, 2024. Fourth Quarter Financial Highlights Revenue increased 8% to $258 millionGross margin was 43.4%Net income decreased 12% to $24 millionGAAP EPS decreased 12% to $2.04Adjusted EPS decreased 7% to $2.25Adjusted EBITDA increased 8% to $52 million and represented 20.3% of revenueOperating cash flow decreased 12% to $52 millionBookings increased 10% to $241 million Fiscal Year Financial Highlights Revenue increased 10% to a record $1.05 billionGross margin was 44.3%Net income decreased 4% to $112 millionGAAP EPS decreased 4% t
Kadant to Hold Earnings Conference Call on Thursday, February 13, 2025
WESTFORD, Mass., Feb. 07, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced it will release its 2024 fourth quarter and full-year results after the market closes on Wednesday, February 12, 2025 and will hold a webcast the next day, Thursday, February 13, 2025 at 11:00 a.m. Eastern Standard 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 at kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on ou
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 Processing®. The Company's products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing
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 15% to $240 million Note: Percent changes above are based on comparison to the prior year period. All references to earnings per share (EPS) are
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 www.kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on our website to receive a dial-in number
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 Company's products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productiv
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 increased 17% to $252 million Note: Percent changes above are based on comparison to the prior year period. All references to earnings per share (EP
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 www.kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on our website to receive a dial-in number and
Kadant Acquires Dynamic Sealing Technologies
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 design, manufacture, and integration of fluid rotary unions, electrical slip rings, and value-added products used to transfer hydraulic fluid, water, air, and other liquids and gases in a variety of industrial process
Kadant Inc Large Ownership Changes
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Amendment: SEC Form SC 13G/A filed by Kadant Inc
SC 13G/A - KADANT INC (0000886346) (Subject)
Amendment: SEC Form SC 13G/A filed by Kadant Inc
SC 13G/A - KADANT INC (0000886346) (Subject)
Amendment: SEC Form SC 13G/A filed by Kadant Inc
SC 13G/A - KADANT INC (0000886346) (Subject)
SEC Form SC 13G/A filed by Kadant Inc (Amendment)
SC 13G/A - KADANT INC (0000886346) (Subject)
SEC Form SC 13G/A filed by Kadant Inc (Amendment)
SC 13G/A - KADANT INC (0000886346) (Subject)
SEC Form SC 13G/A filed by Kadant Inc (Amendment)
SC 13G/A - KADANT INC (0000886346) (Subject)
SEC Form SC 13G/A filed by Kadant Inc (Amendment)
SC 13G/A - KADANT INC (0000886346) (Subject)
SEC Form SC 13G/A filed by Kadant Inc (Amendment)
SC 13G/A - KADANT INC (0000886346) (Subject)
SEC Form SC 13G filed by Kadant Inc
SC 13G - KADANT INC (0000886346) (Subject)
SEC Form SC 13G filed by Kadant Inc
SC 13G - KADANT INC (0000886346) (Subject)