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Kadant Inc. - $KAI STOCK NEWS

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.

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.
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6.98%
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Rhea-AI Summary
Kadant Inc. will release its 2023 third quarter results on October 31, 2023, followed by a webcast on November 1, 2023. The Company will discuss its financial performance and future expectations.
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0.94%
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News
Rhea-AI Summary
Kadant Inc. approves $0.29 per share quarterly cash dividend
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-0.36%
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dividends
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-6.56%
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1.66%
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0.25%
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0.25%
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Rhea-AI Summary
Kadant Inc. reports record bookings and raises earnings guidance. Bookings increased 3% to a record $275 million. Operating cash flow increased 55% to $37 million. Revenue increased 1% to $230 million. Net income decreased 32% to $28 million. Adjusted EPS increased 5% to a record $2.40. Backlog was a record $393 million.
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3.34%
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1.47%
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-1.99%
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Kadant Inc.

NYSE:KAI

KAI Rankings

KAI Stock Data

3.20B
11.57M
1.08%
103.67%
8.41%
Sawmill, Woodworking, and Paper Machinery Manufacturing
Manufacturing
Link
United States of America
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,