2017 Corporate News

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Kadant Inc. Business Update
05/31/17 at 8:30 a.m. ET
Kadant Inc. Business Update
Wednesday, May 31, 2017 8:30 a.m. ET  
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05/30/17Kadant to Acquire NII FPG Company’s Forest Products Business
WESTFORD, Mass.--(BUSINESS WIRE)--May 30, 2017-- Kadant Inc. (NYSE: KAI) has entered into a definitive agreement to acquire the forest products business of NII FPG Company for $173 million in cash, subject to a post-closing adjustment. The Company also announced that it has increased its revolving credit facility to $300 million from $200 million and intends to finance the transaction through borrowings under the revolving credit facility. ... 
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05/17/17Kadant Declares Cash Dividend
WESTFORD, Mass.--(BUSINESS WIRE)--May 17, 2017-- Kadant Inc. (NYSE: KAI) announced that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.21 per share to be paid on August 10, 2017 to stockholders of record as of the close of business on July 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 su... 
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05/17/17Kadant Authorizes Share Repurchase
WESTFORD, Mass.--(BUSINESS WIRE)--May 17, 2017-- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has authorized the repurchase of up to an additional $20 million of its equity securities effective May 17, 2017 through May 17, 2018. Repurchases may be made in public or private transactions, including under Securities Exchange Act Rule 10b-5-1 trading plans. The timing and amount of any repurchases will be at the discretion of Company ... 
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05/02/17Kadant Reports 2017 First Quarter Results
Raises Full-Year Revenue and EPS Guidance WESTFORD, Mass.--(BUSINESS WIRE)--May 2, 2017-- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended April 1, 2017. First Quarter 2017 Highlights GAAP diluted EPS increased 29% to $0.80 and adjusted diluted EPS increased 11% Net income increased 30% to $9 million Adjusted EBITDA increased 11% to $15 mil... 
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04/27/17Kadant to Hold Earnings Conference Call on Tuesday, May 2, 2017
WESTFORD, Mass.--(BUSINESS WIRE)--Apr. 27, 2017-- Kadant Inc. (NYSE: KAI) announced that it will release its 2017 first quarter results after the market closes on Tuesday, May 2, 2017 and will hold a webcast the same day, at 4:30 p.m. eastern time. During the call the Company will discuss its first quarter financial performance and future expectations. To listen to the call live, go to the “Investors” section of the Company’s website at ww... 
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03/08/17Kadant Declares Cash Dividend
Raises Quarterly Dividend 11% to $0.21 per Share WESTFORD, Mass.--(BUSINESS WIRE)--Mar. 8, 2017-- Kadant Inc. (NYSE:KAI) announced that its Board of Directors approved an 11% increase to its quarterly cash dividend to stockholders to $0.21 per share to be paid on 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 ... 
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02/23/17Kadant Reports Fourth Quarter and Fiscal Year 2016 Results
Q4 Bookings Increase 20% Sequentially WESTFORD, Mass.--(BUSINESS WIRE)--Feb. 23, 2017-- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 31, 2016. 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 mill... 
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02/17/17Kadant to Hold Earnings Conference Call on Thursday, February 23, 2017
WESTFORD, Mass.--(BUSINESS WIRE)--Feb. 17, 2017-- Kadant Inc. (NYSE:KAI) announced that it will release its 2016 fourth quarter and full-year results after the market closes on Thursday, February 23, 2017 and will hold a webcast the same day, at 4:30 p.m. eastern time. During the call the Company will discuss its fourth quarter and full-year financial performance, as well as future expectations, including 2017 financial guidance. To listen... 
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01/26/17Kadant Expands PAAL Business into North America
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 ... 
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