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. (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.
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