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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. (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.
Kadant Inc. (NYSE: KAI) reported strong financial results for Q3 2022, with a 12% revenue increase to $225 million and a 34% rise in net income to $27 million. Adjusted diluted EPS rose 21% to $2.38, marking a record high. However, bookings decreased 14% to $211 million, driven by declining demand amid challenging market conditions. Despite these hurdles, the company holds a robust backlog of $350 million and forecasts 2022 revenue between $890 million and $896 million. Management anticipates continued macroeconomic pressures affecting future order activity.
Kadant Inc. (NYSE: KAI) will announce its third quarter 2022 results on November 1, 2022, after market close. A webcast is scheduled for November 2 at 11:00 a.m. Eastern Time, where the company's financial performance and future expectations will be discussed. To join the call, participants must register online. A replay will be available until December 2, 2022. Kadant specializes in technologies and engineered systems for sustainable industrial processing, with around 3,000 employees globally.
Kadant Inc. (NYSE: KAI) announced a quarterly cash dividend of $0.26 per share to be paid on November 10, 2022. Stockholders of record will be those on October 13, 2022. This dividend reflects the company's ongoing commitment to returning value to its shareholders, though future dividends are subject to Board approval based on business needs and market conditions. Kadant specializes in technologies for sustainable industrial processing across various sectors.
Kadant reported strong Q2 2022 results with revenues rising 13% to $222 million and net income increasing 14% to $26 million. The GAAP diluted EPS also grew 14% to $2.24. Bookings surged by 25% to $266 million, setting a record backlog of $379 million. However, operating cash flow fell 58% to $19 million, attributed to increased working capital. Kadant has raised its revenue guidance for 2022 to between $890 million and $905 million, while maintaining GAAP diluted EPS guidance of $10.05 to $10.25.
Kadant Inc. (NYSE: KAI) will release its second quarter results for 2022 after the market closes on August 2, 2022. A webcast discussing the financial performance and future expectations will be held on August 3, 2022, at 11:00 a.m. ET. Investors can access the webcast through the company’s website and must register for the live Q&A session. The earnings release and webcast presentation will be available in the Investors section of the website through September 2, 2022. Kadant specializes in technologies that enhance efficiency in process industries.
Kadant Inc. (NYSE: KAI) has announced a $50 million share repurchase program effective from May 19, 2022, to May 19, 2023. The buyback aims to enhance shareholder value and is contingent on market conditions and compliance with credit agreements established on March 1, 2017. This follows the expiration of a $20 million buyback authorization on May 20, 2022, under which no shares were repurchased. Kadant, based in Westford, Massachusetts, provides technologies that promote sustainable industrial processing.
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