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Kadant, Inc. - KAI STOCK NEWS

Welcome to our dedicated news page for Kadant (Ticker: KAI), a resource for investors and traders seeking the latest updates and insights on Kadant.

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.

News
Kadant to Hold Earnings Conference Call on Wednesday, May 1, 2024
Rhea-AI Summary
Kadant Inc. (NYSE: KAI) will release its 2024 first quarter results on April 30, 2024, and hold a webcast on May 1, 2024, at 11:00 a.m. eastern time to discuss financial performance and future expectations. Participants can register for the live Q&A session on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
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News
Kadant Declares Cash Dividend
Rhea-AI Summary
Kadant Inc. (KAI) raises its quarterly dividend to $0.32 per share, reflecting a positive outlook on the company's financial health. The dividend will be paid on May 8, 2024, to stockholders of record as of April 10, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.45%
Tags
dividends
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News
Kadant Reports Fourth Quarter and Fiscal Year 2023 Results
Rhea-AI Summary
Kadant Inc. (NYSE: KAI) reports record revenue and cash flow in FY 2023, with notable increases in operating cash flow, free cash flow, and net income. Despite a decrease in net income for the fiscal year, adjusted EPS reached a record $10.04. The company anticipates achieving record revenue, cash flow, and adjusted EBITDA in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.13%
Tags
earnings
News
Kadant Named to Newsweek’s List of America’s Most Responsible Companies 2024
Rhea-AI Summary
Kadant Inc. (KAI) has been recognized as one of 'America's Most Responsible Companies 2024' by Newsweek magazine for the fourth consecutive year. The company's commitment to sustainable industrial processing and strong performance in Environmental, Social, and Corporate Governance (ESG) factors led to this prestigious recognition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
none
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News
Kadant to Hold Earnings Conference Call on Thursday, February 15, 2024
Rhea-AI Summary
Kadant Inc. (KAI) is set to announce its 2023 fourth quarter and full-year results on February 14, 2024, followed by a webcast the next day. The Company will discuss financial performance and future expectations during the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.9%
Tags
earnings
-
News
Kadant Acquires KWS Manufacturing Company
Rhea-AI Summary
Kadant Inc. (NYSE: KAI) completes the acquisition of KWS Manufacturing Company, Ltd. for approximately $84 million in cash, expanding its product portfolio and enhancing its internal capabilities. KWS, a leading manufacturer of conveying equipment for the bulk material handling industry, had revenue of $45 million for the trailing twelve months ended September 30, 2023. The acquisition was primarily financed through borrowings under Kadant's revolving credit facility. Kadant will hold a conference call and webcast on January 29, 2024, to discuss the acquisition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
acquisition
News
Kadant Completes Acquisition of Key Knife, Inc.
Rhea-AI Summary
Kadant Inc. (NYSE: KAI) has completed the acquisition of Key Knife, Inc. for approximately $156 million. Key Knife is a global supplier of engineered knife systems for wood product industries, with a revenue of $65 million for the trailing twelve months. The acquisition expands Kadant's product portfolio and strengthens its position in wood processing industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
Tags
acquisition
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News
Kadant to Acquire Key Knife, Inc.
Rhea-AI Summary
Kadant Inc. (NYSE: KAI) has entered into a definitive agreement to acquire Key Knife, Inc. and certain of its affiliates for approximately $156 million in cash. Key Knife is a global supplier of engineered knife systems for wood product industries, with revenue of approximately $65 million for the trailing twelve months ended September 30, 2023. The acquisition is expected to close in early January 2024 and will be financed primarily through borrowings under Kadant’s revolving credit facility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
Tags
acquisition
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News
Kadant Declares Cash Dividend
Rhea-AI Summary
Kadant Inc. (NYSE: KAI) Approves Quarterly Cash Dividend of $0.29 per Share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
dividends
News
Kadant Reports Third Quarter 2023 Results
Rhea-AI Summary
Kadant Inc. reported its financial results for the third quarter of 2023, with revenue increasing by 9% to $244 million. Operating cash flow and free cash flow also showed significant growth, increasing by 89% and 106% respectively. Net income and GAAP EPS both increased by 12% to $31 million and $2.63 respectively. The company achieved record adjusted EBITDA of $53 million, representing a record 21.6% of revenue. Bookings decreased by 1% to $210 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.98%
Tags
earnings
Stock KAI logo
Kadant, Inc.

NYSE:KAI

KAI Rankings

#1471 Ranked by Market Cap
#834 Ranked by Stock Gains
#2009 Ranked by Dividends

KAI Stock Data

3.45B
11.57M
1.08%
103.67%
8.41%
Sawmill, Woodworking, and Paper Machinery Manufacturing
Manufacturing
Link
US
Westford

About KAI

kadant is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. the company’s products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. while kadant is a relatively new name, and became a fully independent public company in 2001, some of our businesses have been serving industrial customers for more than 100 years. through a combination of acquisitions and internal development, we continue to strengthen our position as a leading supplier to process industries worldwide. kadant inc. is based in westford, massachusetts, usa with revenues of $402 million in 2014 and 1,800 employees worldwide. our stock trades on the new york stock exchange under the symbol kai. kadant brand products and services are sold to industries worldwide through our subsidiaries located in north america, south america, europe,