Kadant Stock Price, News & Analysis

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.

Kadant Inc. (NYSE: KAI) has announced a quarterly cash dividend of $0.26 per share. This dividend will be paid on August 11, 2022, to shareholders on record as of the close of business on July 14, 2022. The declaration of future dividends is subject to Board approval and may be adjusted based on business needs or market conditions. Kadant is known for its role in enhancing efficiency and maximizing productivity across process industries, employing around 3,000 people in 20 countries.

Kadant Inc. (KAI) reported robust financial results for Q1 2022, with bookings up 30% to $266 million and revenue increasing 31% to $226 million. Operating cash flow rose 24% to $24 million, while net income surged 149% to $41 million, driven by a $15 million gain from a facility sale. Adjusted diluted EPS rose 49% to $2.28. The backlog reached a record $348 million, prompting management to raise 2022 revenue guidance to $885-$905 million from $870-$890 million and GAAP diluted EPS guidance to $10.05-$10.25 from $8.50-$8.70.

Kadant Inc. (NYSE: KAI) will announce its 2022 first quarter results after the market closes on May 3, 2022. A webcast discussing the financial performance and future expectations will follow on May 4, 2022, at 11:00 a.m. ET. Interested parties can access the call through the Company’s website. Kadant specializes in technologies that enhance efficiency and sustainability in industrial processing, employing around 3,000 people across 20 countries.

Kadant Inc. (NYSE: KAI) announced the expansion of its board from six to seven members with the appointment of Rebecca Martinez O’Mara, effective May 1, 2022. Ms. O’Mara brings extensive experience from her roles at Stanley Black & Decker, Grundfos, and Sullair. The company anticipates her background in industrial manufacturing and sustainability will enhance board capabilities. Concurrently, Dr. William P. Tully will resign from the board on January 1, 2023, reducing the board size back to six members. Tully has served since 2010, and the company appreciates his contributions.