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KAI chart since Jan continues to look great.
Well-established tech company doing good.
Bought some early 2016. Happily holding it.
Nice KAI rebound recently from .85 to .90-ish.
Management doing well given external factors.
Company, product are great. Up to $! in time?
KAI
Kai PPS down. Time to add? DD time.
This is a solid tech company, but...?
Waiting for further news this spring.
Kadant’s Syntron buy had a positive impact!
From < $78 to < $86 since Xmas 2018. Nice.
Let’s go KAI!
GLTA
Looks like KAI’s recent 8-K wasn’t well received. Nothing like the mention of “notes” to kill interest.
KAI continues to move up on positive 10-Q. https://ih.advfn.com/p.php?pid=nmona&article=78638676&_ga=2.232936092.389746638.1541596765-855040988.1541596765
Kadant, Inc. Reports Record Revenue and Diluted EPS
https://ih.advfn.com/p.php?pid=nmona&article=78562031&_ga=2.96338975.2022468021.1540902215-680331281.1540222432
Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended September 29, 2018.
Kadant, Inc. Reports Record Revenue and Diluted EPS
Third Quarter 2018 Highlights
- Revenue increased 8% to a record $166 million
- GAAP diluted EPS increased 40% to a record $1.64
- Adjusted diluted EPS increased 3% to a record $1.53
- Net income increased 41% to $19 million
- Adjusted EBITDA increased 11% to a record $34 million and represented 20% of revenue
- Gross margin was 44.1%
- Bookings increased 22% to $165 million
- Backlog was $192 million
- Cash flow from operations was $17 million
Kadant Presenting at Baird 2018 Global Industrial Conference - CEO/Pres. Jonathan Painter will present on November 8, 2018
https://ih.advfn.com/p.php?pid=nmona&article=78427064&_ga=2.19651644.525794434.1539084556-1746739514.1538594300
Cash Dividend to Shareholders of Record NLT 10/11/2018
http://investor.kadant.com/news-releases/news-release-details/kadant-declares-cash-dividend-20
KBC Group NV buys shares of Kadant Inc.
https://pressoracle.com/2018/09/02/kbc-group-nv-buys-shares-of-2701-kadant-inc-kai-2.html
KAI 2nd Qtr 10-Q Financials with impressive revenues. For Q2 2018 over Q2 2017: $154,913 over $110,242 = 40.52% increase
https://ih.advfn.com/p.php?pid=nmona&article=78035245
KAI revenue increased 41% to a record $155MM
http://investor.kadant.com/news-releases/news-release-details/kadant-reports-2018-second-quarter-results
Kadant, Inc. (KAI) Authorizes Share Repurchase effective 5/16/18
http://investor.kadant.com/news-releases/news-release-details/kadant-authorizes-share-repurchase-8
Kadant Inc. (KAI) May 2018 Presentation to Investors
http://investor.kadant.com/static-files/38bdce8f-cb76-4dd2-bc13-750ba5cc79d2
Kadant Inc Reports its 2018 First Quarter Financials
http://investor.kadant.com/news-releases/news-release-details/kadant-reports-2018-first-quarter-results
KAI Conference Call replay available through June 1st
http://investor.kadant.com/news-releases/news-release-details/kadant-hold-earnings-conference-call-tuesday-may-1-2018
Kadant Declares Cash Dividend paying May 10, 2018
http://investor.kadant.com/news-releases/news-release-details/kadant-declares-cash-dividend-18
KAI Reports 2017 Third Quarter Results; Raises Revenue and EPS Guidance for 2017
http://www.businesswire.com/news/home/20171030006259/en/
KAI's SEC 13G/A for Wells Fargo & Co. 10/10/17: Amended Statement of Acquisition of Beneficial Ownership by Individuals
https://www.sec.gov/Archives/edgar/data/72971/000007297117000441/wf_kadantinc-48282t104x.htm
KAI announces 8/14/17 acquisition completion of Unaflex assets for $31 million in cash
http://www.businesswire.com/news/home/20170814005966/en/
August 14, 2017 04:46 PM Eastern Daylight Time
WESTFORD, Mass.--(BUSINESS WIRE)--Kadant Inc. (NYSE: KAI) announced today the completion of its acquisition of certain assets of Unaflex, LLC for $31 million in cash, subject to a post-closing adjustment. Unaflex is a leading manufacturer of expansion joints and related products for process industries. Expansion joints, also known as compensators, are used in industrial piping systems to absorb thermal movement. They are commonly used in industries such as petrochemical, power generation, and water treatment, among others.
“Our acquisition of the Unaflex business, a leader in the design and manufacture of elastomeric, metal, and fabric expansion joints, will broaden our product portfolio offered to process industries that require critical components for maximum uptime and operational efficiency”
“Our acquisition of the Unaflex business, a leader in the design and manufacture of elastomeric, metal, and fabric expansion joints, will broaden our product portfolio offered to process industries that require critical components for maximum uptime and operational efficiency,” said Jonathan Painter, president and chief executive officer of Kadant Inc. “With parts and consumables making up virtually all the company’s revenue stream, it fits well with our strategy of growing our aftermarket business and we expect the company to be a solid addition to our Fluid-Handling product line.”
Unaflex, LLC has its principal operation in South Carolina with approximately 140 employees and 2016 revenue of $18 million.
About Kadant
Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The Company’s products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with approximately 2,300 employees in 20 countries worldwide. For more information, visit www.kadant.com.
“We are increasing our guidance for the second half of 2017 due to both the improved outlook for our existing business, as well as the acquisition of NII,” Mr. Painter continued. “We expect to report full year revenue of $488 to $494 million, revised from our previous guidance of $427 to $437 million." CEO Jonathan Painter
“Following our strong first quarter of 2017, we had another outstanding quarter with record bookings, adjusted diluted EPS, and adjusted EBITDA,” said Jonathan Painter, president and chief executive officer of Kadant. “Our adjusted diluted EPS performance achieved a new milestone and was driven by a strong gross margin, which benefited from near-record parts and consumables revenue. Our adjusted diluted EPS excludes the costs related to our acquisition of the forest products business of NII FPG Company (NII), which we completed in early July. We are working hard on the integration of this business, which is proceeding quite well. The more we learn about NII and its management team the more optimistic we are about our future together."
8/1/17: Kadant Inc. reports its Q2 2017 Results
http://www.businesswire.com/news/home/20170801006678/en/
7/5/17 Kadant Completes Acquisition of NII FPG Company’s Forest Products Business
BusinessWire article: http://www.businesswire.com/news/home/20170705006039/en/
Kadant to Acquire NII FPG Company’s Forest Products Business
http://www.businesswire.com/news/home/20170530006330/en/
Kadant Inc. (NYSE:KAI): $0.21 per Share Cash Dividend Declared
http://www.businesswire.com/news/home/20170517006301/en/Kadant-Declares-Cash-Dividend
Kadant Inc. (NYSE:KAI): Authorized Share Repurchase Announced
http://www.businesswire.com/news/home/20170517006293/en/Kadant-Authorizes-Share-Repurchase
Successful Trials: Kadant's CeraEdge™ Ceramic Tip Creping Blades
http://www.kadant.com/en/ceraedge-feature/
Kadant to Attend 11th Annual Barrington Research Conference in Chicago IL, Thursday, May 11, 2017
Conference Focus/Benefits:
Efficient Format: Our conference features a full day of intimate 1-on-1 and small group meetings between company management teams and investors.
Better Results: Meaningful interaction between company management and investors maximizes time and facilitates more efficient investment decision-making.
http://brai.com/research/conferences/
"The Annual Barrington Research Spring Conference features meetings with senior management from 25 leading companies which include: Atento S.A., Autobytel, Inc., Bottomline Technologies, Inc., Echo Global Logistics, Inc., Gentherm, Inc., GP Strategies Corporation, Heritage-Crystal Clean, Inc., Horizon Global Corporation, Huron Consulting Group, Inc., InnerWorkings, Inc., Kadant, Inc., KAR Auction Services, Inc., Koppers Holdings, Inc., Littelfuse, Inc., MSA Safety, Inc., Navigant Consulting, Inc., Oshkosh Corporation, Planet Payment, Inc., PRGX Global, Inc., Regal Beloit Corporation, Snap-on Incorporated, SP Plus Corporation, Superior Uniform Group, Inc., Woodward, Inc., and Zebra Technologies Corporation"
Kadant attending Seaport Global Transports & Industrials Conference
http://investor.kadant.com/phoenix.zhtml?c=89087&p=irol-eventDetails&EventId=5251166
Event Details
Name: Seaport Global Transports & Industrials Conference
Dates: March 22-23, 2017 (Wednesday and Thursday)
Location: The Biltmore Hotel, Coral Gables, Florida
Kadant Inc. Declares Cash Dividend of $0.21 per Share
http://www.businesswire.com/news/home/20170308006430/en/
Raises Quarterly Dividend 11% to $0.21 per Share
March 08, 2017 05:14 PM Eastern Standard Time
WESTFORD, Mass.--(BUSINESSWIRE)--Kadant Inc. (NYSE:KAI) announced its Board of Directors approved an 11% increase to its quarterly cash dividend to stockholders to $0.21 per share to be paid May 11, 2017
to stockholders of record as of the close of business on April 13, 2017. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change.
Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The Company’s products, technologies, and services play an integral role in enhancing
process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with 2,000 employees in 18 countries worldwide.
For more information, visit www.kadant.com.
Contacts
Kadant Investor Contact Information:
Michael McKenney, 978-776-2000
mike.mckenney@kadant.com
Media Contact Information:
Wes Martz, 269-278-1715
wes.martz@kadant.com
Kadant Reports 4th Quarter 2016 and FY 2016 Results
Q4 Bookings Increase 20% Sequentially
http://www.businesswire.com/news/home/20170223006617/en/
February 23, 2017 04:07 PM Eastern Standard Time
WESTFORD, Mass.--(BUSINESS WIRE)--Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 31, 2016.
“Adjusted Operating Income and Adjusted EBITDA Reconciliation.”
Fourth Quarter Financial Highlights
Revenue was $100 million vs. $108 million
Gross margin was 46%
Diluted EPS was $0.69 vs. $0.94
Net Income was $8 million vs. $10 million
Adjusted EBITDA was $14.1 million vs. $17.2 million
Bookings were $114 million vs. $76 million
Cash flows from operations were $16 million vs. $12 million
Fiscal Year Financial Highlights
Revenue was a record $414 million vs. $390 million
Gross margin was 45.5%
Diluted EPS was $2.88 vs. $3.10; Adjusted Diluted EPS was $3.10 vs. $3.13
Net Income was $32 million vs. $34 million
Adjusted EBITDA was a record $61.9 million vs. $61.5 million
Bookings were $403 million vs. $376 million
Cash flows from operations were $51 million vs. $40 million
Note: Adjusted diluted EPS and adjusted EBITDA are non-GAAP measures that exclude certain items as detailed later in this press release under the heading “Use of Non-GAAP Financial Measures.”
Management Commentary
“We are pleased to report fourth quarter earnings that exceeded our guidance and represented a strong finish to 2016 with record full year revenue and adjusted EBITDA,” said Jonathan W. Painter, president and chief executive officer. “Although revenue was down from a record performance in last year’s fourth quarter, we had a 10 percent increase in revenue from parts and consumables, which represented 64 percent of fourth quarter revenue. This favorable revenue mix led to a 290 basis point increase in gross margin.
“One of the highlights of the quarter was our bookings which increased 20 percent sequentially and 50 percent year-on-year, representing the third best bookings quarter in our history. Importantly, our parts and consumables bookings were up 11 percent over the fourth quarter of last year and 6 percent sequentially, driven by a strong performance in North America. We also had strong capital bookings in China in the fourth quarter and see a fairly active market for capital projects in China in 2017.
“As was the case with the fourth quarter, we faced difficult comparisons with the full year 2015, which was an exceptionally strong year for Kadant. Within that context, we were pleased with our overall performance in 2016. We achieved record revenue of $414 million, despite over $8 million in negative foreign currency translation impact, and we maintained a strong gross margin of 45.5 percent. 2016 was also a very strong year for operating cash flows, which reached a near-record $51 million, up from $40 million in 2015.”
Fourth Quarter 2016 Financials
Revenue was $100.2 million, a 7 percent decline compared to the fourth quarter of 2015, inclusive of $12.0 million from an acquisition and a negative impact of $1.7 million from foreign currency translation. Revenue was $107.6 million in the fourth quarter of 2015. Gross margin was 46.0 percent. Net income was $7.7 million, or $0.69 per diluted share, compared to $10.4 million, or $0.94 per diluted share, in the fourth quarter of 2015. Adjusted EBITDA was $14.1 million, a decrease of 18 percent from $17.2 million in the fourth quarter of 2015. Operating income was $10.7 million versus $14.4 million in the fourth quarter of 2015. Cash flows from operations were $16.3 million, up 32 percent from $12.3 million in the comparable quarter of 2015. Bookings increased 50 percent to $113.6 million from $75.5 million in the comparable period of 2015, inclusive of the net effect of a $12.1 million increase from an acquisition, a $16.1 million booking reversal in the fourth quarter of 2015, and a negative impact of $2.3 million from foreign currency translation.
Fiscal Year 2016 Financials
Revenue increased 6 percent year-over-year to a record $414.1 million for fiscal 2016, inclusive of $40.8 million from an acquisition and a negative impact of $8.4 million from foreign currency translation. Full year 2015 revenue was $390.1 million. Gross margin was 45.5 percent. Net income was $32.1 million, or $2.88 per diluted share, compared to $34.4 million, or $3.10 per diluted share, in 2015. Adjusted diluted EPS was $3.10 for the full year 2016, compared to $3.13 in 2015. Adjusted EBITDA increased 1 percent to a record $61.9 million from $61.5 million in 2015. Operating income was $45.6 million in 2016, compared to $50.1 million in the prior year. Cash flows from operations increased 26 percent to $51.0 million compared to $40.4 million last year. Bookings were $403.5 million, up 7 percent, including the net effect of a $39.4 million increase from an acquisition, a $16.1 million booking reversal in 2015, and a $9.1 million decrease from foreign currency translation. In 2015, bookings were $376.1 million.
Summary and Outlook
“2016 was a year of solid execution for Kadant,” Mr. Painter continued. “We moved forward with several product developments and other initiatives designed to support our expectations of modest organic growth over the long term. In addition, we succeeded in completing an important acquisition that brings potential revenue synergies. We intend to supplement our internal growth with acquisitions, but remain disciplined in considering those opportunities that meet our criteria.
“Looking ahead, we expect 2017 to be a record year for both revenue and EPS. Based on our current visibility, we expect to report GAAP diluted EPS of $3.13 to $3.23 on revenue of $423 million to $433 million. The 2017 guidance includes an unfavorable foreign currency translation effect of $7 million on revenue and $0.10 on diluted EPS compared to 2016. For the first quarter of 2017, we expect GAAP diluted EPS of $0.62 to $0.66 on revenue of $97 million to $100 million.”
Conference Call
Kadant will hold a webcast with a slide presentation for investors on Thursday, February 23, 2017, at 4:30 p.m. eastern time to discuss its fourth quarter and fiscal year performance, as well as future expectations. To access the webcast, including the slideshow and accompanying audio, go to www.kadant.com and click on “Investors.” To listen to the webcast via teleconference, call 888-326-8410 within the U.S., or +1-704-385-4884 outside the U.S. and reference participant passcode 39878251. Prior to the call, our earnings release and the slides used in the webcast presentation will be filed with the Securities and Exchange Commission and will be available at www.sec.gov. A replay of the webcast will be available on our website through March 24, 2017.
Shortly after the webcast, Kadant will post its updated general investor presentation incorporating the fourth quarter and fiscal year results on our website at www.kadant.com under the “Investors” section.
Use of Non-GAAP Financial Measures
In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), we use certain non-GAAP financial measures, including increases or decreases in revenue excluding the effect of acquisitions and foreign currency translation, adjusted operating income, adjusted net income, adjusted diluted EPS, adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA), adjusted EBITDA margin, and free cash flow.
We believe that these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business, operating results, or future outlook. We believe that the inclusion of such measures helps investors to gain an understanding of our underlying operating performance and future prospects, consistent with how management measures and forecasts our performance, especially when comparing such results to previous periods or forecasts and to the performance of our competitors. Such measures are also used by us in our financial and operating decision-making and for compensation purposes. We also believe this information is responsive to investors' requests and gives them an additional measure of our performance.
The non-GAAP financial measures included in this press release are not meant to be considered superior to or a substitute for the results of operations prepared in accordance with GAAP. In addition, the non-GAAP financial measures included in this press release have limitations associated with their use as compared to the most directly comparable GAAP measures, in that they may be different from, and therefore not comparable to, similar measures used by other companies.
Revenue included $12.0 million and $40.8 million from an acquisition in the fourth quarter and fiscal year 2016, respectively. Revenue also included $1.7 million and $8.4 million unfavorable foreign currency translation effects in the fourth quarter and fiscal year 2016, respectively. We present increases or decreases in revenue excluding the effect of acquisitions and foreign currency translation to provide investors insight into underlying revenue trends.
Adjusted operating income, adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and adjusted diluted EPS exclude acquisition costs, restructuring costs, other income, and expense related to acquired profit in inventory and backlog. These items are excluded as they are not indicative of our core operating results and are not comparable to other periods, which have differing levels of incremental costs or income or none at all.
Adjusted operating income, adjusted EBITDA, and adjusted EBITDA margin exclude:
Pre-tax gain on the sale of assets of $0.3 million in 2016 and pre-tax restructuring costs of $0.5 million in 2015.
Pre-tax acquisition costs of $1.8 million in 2016.
Pre-tax expense related to acquired profit in inventory and backlog of $1.9 million in 2016 and $0.2 million in 2015.
Adjusted net income and adjusted diluted EPS exclude:
After-tax gain on the sale of assets of $0.2 million ($0.3 million net of tax of $0.1 million) in 2016 and after-tax restructuring costs of $0.4 million ($0.5 million net of tax of $0.1 million) in 2015.
After-tax acquisition costs of $1.6 million ($1.8 million net of tax of $0.2 million) in 2016.
After-tax expense related to acquired profit in inventory and backlog of $1.4 million ($1.9 million net of tax of $0.5 million) in 2016 and $0.1 million ($0.2 million net of tax of $0.1 million) in 2015.
A benefit from discrete tax items of $0.3 million in 2016. The benefit from discrete tax items was primarily due to the reversal of valuation allowances on certain deferred tax assets in the U.S.
We also report free cash flows, which is calculated as cash flows from continuing operations less capital expenditures of $5.8 million in 2016 and $5.5 million in 2015. This measure provides a view of the continuing operations’ ability to generate cash for use in acquisitions and other investing and financing activities.
Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures are set forth in this Kandant press release.
Financial Highlights (unaudited)(In 1000's, except per share amounts and percentages) [See hyperlink to the 2/23/17 BusinessWire article provided above]
Kadant Expands PAAL Business into North America 1/26/17
http://investor.kadant.com/phoenix.zhtml?c=89087&p=irol-newsArticle&ID=2240057
Awarded First US Order for Channel Baler
Appoints Distributor for Material Recycling Market in U.S. and Canada
WESTFORD, Mass.--(BUSINESS WIRE)--Jan. 26, 2017-- Kadant Inc. (NYSE:KAI) announced today it has appointed Bulk Handling Systems (BHS) as the exclusive distributor of its high-performance balers to material recycling facilities in the U.S. and Canada. Through BHS, Kadant has been awarded its first U.S. order for a channel baler to be installed at the regional waste recovery facility in Monterey, California.
The appointment of BHS represents another important step in Kadant’s strategy to drive revenue synergies following its April 2016 acquisition of PAAL GROUP, the leading European manufacturer of horizontal balers used to process both recyclable materials, including paper and plastics, and non-recyclable materials such as treated household/commercial waste and agricultural products.
“We are pleased to be entering this segment of the North American recycling market with BHS, a leader in the design and manufacture of large scale sorting systems. Our high quality, German-engineered balers are uniquely aligned with BHS’ commitment to performance and quality. We are honored that Kadant’s first U.S. baler will be part of the advanced materials recovery facility BHS is constructing in Monterey, California. This facility will be operated by the Monterey Regional Waste Management District, an award-winning 65-year-old operation recognized as one of the best solid waste systems in North America,” said Jonathan Painter, president and chief executive officer of Kadant Inc.
“We believe Kadant’s channel baler offers our customers a combination of cutting-edge technology and performance that is uniquely well suited to the needs of sophisticated, large-scale recycling facilities. We look forward to partnering on future projects that require efficient, high-quality equipment,” noted Steve Miller, chief executive officer of BHS.
Kadant will debut its balers in the U.S. market at the Waste Expo 2017, which takes place in New Orleans May 9-11.
About Kadant
Kadant Inc. (NYSE:KAI) is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The Company’s products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with 2,000 employees in 18 countries worldwide. For more information, visit www.kadant.com.
About Bulk Handling Systems (BHS)
Headquartered in Eugene, Oregon, BHS is a worldwide leader in the innovative design, engineering, manufacturing, and installation of sorting systems and components for the solid waste, recycling, waste-to-energy, and construction and demolition industries. Wholly-owned subsidiaries include Nihot, NRT, and Zero Waste Energy. For more information, visit www.bulkhandlingsystems.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170126005668/en/
Source: Kadant Inc.
Kadant Inc.
Investor Contact Information:
Michael McKenney, 978-776-2000
mike.mckenney@kadant.com
or
Media Contact Information:
Wes Martz, 269-278-1715
wes.martz@kadant.com
Solid mover. Kadant $34 to $64 this year.
The Q4 financials should be interesting.
Kadant (NYSE:KAI) Hosted its First Investor Day 12/1/16
http://www.businesswire.com/news/home/20161128006086/en/
WESTFORD, Mass.--(BUSINESS WIRE)--Nov. 28, 2016-- Kadant Inc. (NYSE:KAI) announced its first Investor Day will take place on Thursday, December 1, 2016 in New York City. The Investor Day will feature presentations by members of Kadant’s Executive Leadership Team, who will discuss the Company’s business outlook, growth opportunities, and five-year financial goals.
A live webcast of the presentations will begin at 2:30 p.m. eastern time on the day of the event. To access the webcast, including the slideshow and accompanying audio, go to www.kadant.com and click on “Investors”. An archive of the webcast will be available on the Company’s website through December 1, 2017.
Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The Company’s products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with revenue of $390 million in fiscal year 2015 and 2,000 employees in 18 countries worldwide. For more information, visit www.kadant.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161128006086/en/
Source: Kadant Inc.
Kadant Inc.
Investor Contact Information:
Michael McKenney, 978-776-2000
mike.mckenney@kadant.com
or
Media Contact Information:
Wes Martz, 269-278-1715
wes.martz@kadant.com
Kadant approves $0.19/sh dividend to SOR COB 1/12/17
http://www.businesswire.com/news/home/20161116006625/en/
Kadant Declares Cash Dividend
WESTFORD, Mass.--(BUSINESS WIRE)--Nov. 16, 2016-- Kadant Inc. (NYSE:KAI) announced that its board of directors has approved a quarterly cash dividend to stockholders of $0.19 per share to be paid on February 9, 2017 to stockholders of record as of the close of business on January 12, 2017. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change.
Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The Company’s products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with revenue of $390 million in fiscal year 2015 and 2,000 employees in 18 countries worldwide. For more information, visit www.kadant.com.
The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about our business, financial performance and cash dividend program. Our actual results may differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading "Risk Factors" in Kadant’s annual report on Form 10-K for the year ended January 2, 2016 and subsequent filings with the Securities and Exchange Commission. These include risks and uncertainties relating to adverse changes in global and local economic conditions; the variability and difficulty in accurately predicting revenue from large capital equipment and systems projects; the variability and uncertainties in sales of capital equipment in China; currency fluctuations; our customers’ ability to obtain financing for capital equipment projects; changes in government regulations and policies; the oriented strand board market and levels of residential construction activity; development and use of digital media; price increases or shortages of raw materials; dependence on certain suppliers; international sales and operations; economic conditions and regulatory changes caused by the United Kingdom’s likely exit from the European Union; disruption in production; our acquisition strategy; our internal growth strategy; competition; soundness of suppliers and customers; our effective tax rate; future restructurings; soundness of financial institutions; our debt obligations; restrictions in our credit agreement; loss of key personnel; reliance on third-party research; protection of patents and proprietary rights; failure of our information systems or breaches of data security; fluctuations in our share price; and anti-takeover provisions. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161116006625/en/
Source: Kadant Inc.
Kadant Inc.
Investor Contact Information:
Michael McKenney, 978-776-2000
mike.mckenney@kadant.com
or
Media Contact Information:
Wes Martz, 269-278-1715
wes.martz@kadant.com
Kadant Reports 2016 Third Quarter, Nine Month Results
http://www.businesswire.com/news/home/20161101006799/en/
WESTFORD, Mass.--(BUSINESS WIRE)--Nov. 1, 2016-- Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter and nine months ended October 1, 2016.
Third Quarter 2016 Highlights
GAAP diluted EPS increased 5% to $0.82
Net income increased 6% to $9 million and represented 9% of revenue
Adjusted EBITDA increased 6% to $16 million
Revenue increased 15% to $106 million
Gross margin was 45.6%
Cash flow from operations was $16 million
Bookings were $95 million, down 4%
Nine Month 2016 Highlights
GAAP diluted EPS increased 1% to $2.19
Net income of $24 million was up 1%
Adjusted diluted EPS increased 10% to $2.41
Adjusted EBITDA increased 8% to $48 million
Revenue increased 11% to $314 million; parts and consumables accounted for 62%
Gross margin was 45.3%
Cash flow from operations increased 24% to $35 million
Bookings were $290 million, down 4%
Note: Adjusted EBITDA and adjusted diluted EPS are non-GAAP financial measures that exclude certain items as detailed later in this press release.
~ Wednesday! $KAI ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!
~ $KAI ~ Earnings expected on Wednesday *
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One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=KAI&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=KAI&p=W&b=3&g=0&id=p54550695994
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<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=KAI >>>>>>
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*If the earnings date is in error please ignore error. I do my best.
~ Monday! $KAI ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $KAI ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=KAI&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=KAI&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=KAI
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=KAI#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=KAI+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=KAI
Finviz: http://finviz.com/quote.ashx?t=KAI
~ BusyStock: http://busystock.com/i.php?s=KAI&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=KAI >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Kadant Inc. is a supplier of equipment used in the worldwide papermaking and paper recycling industries. The Company also manufactures granules made from papermaking byproducts. Through the Company’s Papermaking Systems segment, it develops, manufactures, and markets a range of equipment and products for the worldwide papermaking, paper recycling, and process industries. Through its Fiber-based Products business, it manufactures and sells granules derived from pulp fiber for use as carriers for agricultural, home lawn and garden, and professional lawn, turf and ornamental applications, as well as for oil and grease absorption. During fiscal year ended January 1, 2011, (fiscal 2010), the Company’s Papermaking Systems segment acquired Canadian-based supplier of pressure screen baskets and a related dewatering equipment product line, as well as a European supplier of fluid-handling systems.
http://www.google.com/finance?q=KAI
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Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The Company’s products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with revenues of $390 million in fiscal year 2015 and 2,000 employees in 18 countries worldwide.
President & CEO
Mr. Painter has been our chief executive officer and a director since January 3, 2010 and our president since September 1, 2009. Between 1997 and September 2009, Mr. Painter served as an executive vice president and since March 2007 had supervisory responsibility for our stock-preparation equipment and fiber-based products businesses. He served as president of our composite building products business from 2001 until its sale in 2005. He also served as our treasurer and the treasurer of Thermo Electron from 1994 until 1997. Prior to 1994, Mr. Painter held various managerial positions with us and Thermo Electron.
For more than a century, Kadant companies or their predecessors have been delivering smart and efficient solutions to process industries. As a global leader in fiber processing; fluid handling; and doctoring, cleaning & filtration systems, our products and technologies are used to improve productivity and enhance energy utilization in industries ranging from paper to plastics and textiles to tires.
Alignment Conveyor
Auto Strainer
Barrel Filter Media
Boxes & Box Covers
Chemical Pulping
Chip Screening
Clarification/Filtering/Washing
Condensate High-Pressure Receiver
Condensate Pumps
CorrPro® Rotary Joint
Corrugator Steam Systems
Custom Rotary Unions
Deinking
Desuperheaters
Direct Steam Injection Heaters
Disc Chippers - Wastewood
Disc Chippers - Whole Log
Doctor Blades
Doctor Blade Extractor
Doctor Blade Holders
Donahue Steam Traps
Double Doctor Systems
Drainage Structures
Drum Chippers
Dryer Management System
Dryer Performance Evaluation
Electro-Mechanical Oscillators
EzKleen™ Roll Polisher
Fabric Brush Assembly
Fibrewall Screen Cylinders
Flexible Metal Hose
Forming Blades
Fuji King Debarker
Granules
Gravity Foils
Genesis Modular Shower Systems
Hydraulic Shower Systems
Industrial Steam Systems
Inline Pressure Filters
Liqui-Mover® Pressure Powered Pump
Mist Elimination Systems
M-clean™ Cleaning System
Multi-Barrel Pressure Filter
Nanotechnology-Enhanced Doctor Blades
Oscillating Showers
Oscillating Shower Systems
Paper Curl Control
Periscreen
Perivac
Pneumatic Oscillation
Press Section Felt Cleaning Assembly
PTX® Steam Joint
Pulping
Purgeable Showers
Pump Skids
Quick Connect Drive Coupling
Radiclone™ Hydrocyclone Systems
Roll Cleaning Blades
Roll Cleaning Blade Holders
Roll Cleaning Systems
Rotary Joints
Roll Surface Cleaner
Rotary Unions
Separators
Screening
Shower Drive Systems
Sight Flow Indicators
SmartDISC Strander
SmartRING Strander
Spray Nozzles
Stationary Showers
Steam Distribution System
Steam Systems
Steam Traps
Stock Approach System
Stock Cleaning
Syphon Systems
Thermocompressor
ThermoMax® Steam System
Trim Squirt Technology
Turbulator Tube Bars
Vacuum Breakers
Vacuum Control Systems
Veneer Chippers
Variable Moisture Steam Shower Systems
Varimatic Oscillator
Velocity Induced Drainage Technology
V-Force Liquid Solid Separator
Water Boxes
Water Conservation Audits
Water Resource Recovery Strainers
Wear Surfaces
Yankee Dryer Cleaner
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