Kadant Corporate

News & Events

News Releases

June 3, 2024 at 12:00 PM EDT
Kadant Acquires Dynamic Sealing Technologies
Expands Flow Control Segment with Fluid Rotary Union Manufacturer WESTFORD, Mass., June 03, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced it has completed the acquisition of Dynamic Sealing Technologies LLC and affiliates (“DSTI”) for approximately $55 million in cash, subject to
May 16, 2024 at 4:17 PM EDT
Kadant Authorizes Share Repurchase
WESTFORD, Mass., May 16, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has authorized the repurchase of up to $50 million of its equity securities effective May 16, 2024 through May 16, 2025. Repurchases may be made in public or private transactions,
May 16, 2024 at 4:13 PM EDT
Kadant Declares Cash Dividend
WESTFORD, Mass., May 16, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.32 per share to be paid on August 8, 2024 to stockholders of record as of the close of business on July 11, 2024.
April 30, 2024 at 4:21 PM EDT
Kadant Reports First Quarter 2024 Results
WESTFORD, Mass., April 30, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended March 30, 2024. First Quarter Financial Highlights Revenue increased 8% to a record $249 million Gross margin was 44.6% Adjusted gross margin was 45.5% excluding
April 25, 2024 at 3:13 PM EDT
Kadant to Hold Earnings Conference Call on Wednesday, May 1, 2024
WESTFORD, Mass., April 25, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2024 first quarter results after the market closes on Tuesday, April 30, 2024 and will hold a webcast the next day, Wednesday, May 1, 2024 at 11:00 a.m. eastern time.
March 6, 2024 at 4:24 PM EST
Kadant Declares Cash Dividend
Raises Quarterly Dividend to $0.32 per Share WESTFORD, Mass., March 06, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors increased its quarterly cash dividend to stockholders to $0.32 per share to be paid on May 8, 2024 to stockholders of record as of the
February 14, 2024 at 4:18 PM EST
Kadant Reports Fourth Quarter and Fiscal Year 2023 Results
Record Revenue and Cash Flow in FY 2023 WESTFORD, Mass., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 30, 2023. Fourth Quarter Financial Highlights    Revenue increased 3% to $239 million   Operating
February 12, 2024 at 3:04 PM EST
Kadant Named to Newsweek’s List of America’s Most Responsible Companies 2024
WESTFORD, Mass., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that it was named one of "America's Most Responsible Companies 2024" by Newsweek magazine. This was the fourth consecutive year Kadant has been included on the awards list which assesses companies on
February 9, 2024 at 3:59 PM EST
Kadant to Hold Earnings Conference Call on Thursday, February 15, 2024
WESTFORD, Mass., Feb. 09, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2023 fourth quarter and full-year results after the market closes on Wednesday, February 14, 2024 and will hold a webcast the next day, Thursday, February 15, 2024 at 11:00 a.m. eastern time.
January 24, 2024 at 4:28 PM EST
Kadant Acquires KWS Manufacturing Company
WESTFORD, Mass., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced it has completed the acquisition of KWS Manufacturing Company, Ltd. (“KWS”) for approximately $84 million in cash, subject to certain customary adjustments. The acquisition was financed primarily through

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