Kadant Stock Price, News & Analysis

Kadant reported impressive first-quarter results for 2021, with revenue up 8% to $172 million and net income increasing 32% to $17 million. Bookings reached a record $204 million, reflecting a 16% rise, while operating cash flow surged 209% to $19 million. Adjusted diluted EPS also rose 31% to $1.43. The backlog hit another record at $223 million, positioning the company for future growth. Despite the positive outlook, challenges remain due to uncertainties in vaccine availability and infection rates that may impact order forecasting.

Kadant Inc. (NYSE: KAI) is set to release its first quarter 2021 results on May 4, 2021, after the market closes. A live webcast will follow on May 5, 2021, at 11:00 a.m. ET to discuss financial performance and future expectations. Investors can tune in via the company’s website or dial in for a Q&A session. Kadant, a global supplier of critical components and systems for process industries, is headquartered in Westford, Massachusetts, employing around 2,600 people worldwide.

Kadant Inc. (NYSE: KAI) has raised its quarterly cash dividend to $0.25 per share. This increase will take effect on May 12, 2021, for stockholders of record as of the close of business on April 14, 2021. Future dividends are subject to Board approval and may change based on market conditions. Kadant, based in Westford, Massachusetts, is a global supplier of critical components and engineered systems used in resource-intensive industries.

Kadant Inc. (NYSE: KAI) announced record bookings and cash flow for Q4 2020, with operating cash flow rising 3% to $40 million and free cash flow up 7% to $38 million. Bookings surged 23% to $197 million while revenue dropped 8% to $168 million. Notably, GAAP diluted EPS increased 84% to $1.40 and net income rose 85% to $16 million. For the fiscal year, bookings fell 6% to $648 million, revenue decreased 10% to $635 million, with GAAP diluted EPS increasing 5% to $4.77. Despite challenges, management expressed optimism about future demand and growth opportunities.

Kadant Inc. (NYSE: KAI) will release its 2020 fourth quarter and full-year results on February 17, 2021, after market close. A live webcast discussing the financial performance and future expectations will occur the following day at 11:00 a.m. ET. Investors can access the call via the company website, with a replay available until March 19, 2021. Kadant is a global supplier of essential components for process industries, focusing on enhancing efficiency and productivity.

Kadant Inc. has officially joined the United Nations Global Compact, the largest corporate sustainability initiative globally. This membership encourages aligning business operations with principles on human rights, labor, environment, and anti-corruption. President Jeffrey L. Powell highlighted the company's commitment to innovative products that support societal well-being and environmental preservation. The UN Global Compact comprises over 12,000 member companies from more than 150 countries, aiming to advance the Sustainable Development Goals.