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. (KAI) delivers engineered systems and process optimization solutions to industries worldwide. This news hub provides investors and industry professionals with centralized access to official announcements, strategic developments, and operational updates from the global supplier.
Track critical updates across Kadant’s core segments: Flow Control innovations in fluid-handling systems, Industrial Processing advancements for wood and fiber production, and Material Handling solutions for heavy industries. Stay informed about earnings disclosures, leadership changes, and technology launches that impact Kadant’s market position.
Our curated news feed ensures timely access to press releases, regulatory filings, and analysis of Kadant’s role in enhancing efficiency across papermaking, recycling, and manufacturing sectors. Bookmark this page for reliable updates on aftermarket services expansions, sustainability initiatives, and international market entries.
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.
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