Kadant Corporate

News & Events

News Releases

September 30, 2021 at 9:10 AM EDT
Kadant Achieves Goal of Sourcing 100% of its Electricity from Renewable Resources
WESTFORD, Mass. , Sept. 30, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it has achieved one of its 2021 climate goals of sourcing 100 percent of the electricity it uses from renewable sources for its operating sites worldwide. The Company purchased renewable energy certificates,
September 9, 2021 at 4:12 PM EDT
Kadant Declares Cash Dividend
WESTFORD, Mass. , Sept. 09, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.25 per share to be paid on November 11, 2021 to stockholders of record as of the close of business on October 14,
August 23, 2021 at 4:53 PM EDT
Kadant Acquires Leading U.S. Baler Manufacturer
WESTFORD, Mass. , Aug. 23, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) today announced it has completed its acquisition of Balemaster for $54 million in cash, subject to certain customary adjustments. Balemaster is a leading U.S. manufacturer of horizontal balers and related equipment used
August 3, 2021 at 4:18 PM EDT
Kadant Reports Record Results for Second Quarter 2021
WESTFORD, Mass., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended July 3, 2021. Second Quarter Financial Highlights with Records Achieved in Each of the Following Metrics Bookings increased 60% to $213 million.
August 3, 2021 at 4:17 PM EDT
Kadant Reports Record Results for Second Quarter 2021
WESTFORD, Mass. , Aug. 03, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended July 3, 2021 . Second Quarter Financial Highlights with Records Achieved in Each of the Following Metrics Bookings increased 60% to $213 million .
July 29, 2021 at 10:44 AM EDT
Kadant to Hold Earnings Conference Call on Wednesday, August 4, 2021
WESTFORD, Mass. , July 29, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2021 second quarter results after the market closes on Tuesday, August 3, 2021 and will hold a webcast the next day, Wednesday, August 4, 2021 at 11:00 a.m. eastern time .
June 17, 2021 at 8:26 AM EDT
Kadant to Acquire German Blade Manufacturer Joh. Clouth
WESTFORD, Mass. , June 17, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) has entered into a definitive agreement to acquire Joh. Clouth GmbH & Co. KG and its affiliates (“Clouth”) for approximately 78 million Euros in cash, subject to certain customary adjustments.
May 20, 2021 at 4:07 PM EDT
Kadant Authorizes Share Repurchase
WESTFORD, Mass. , May 20, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has authorized the repurchase of up to $20 million of its equity securities effective May 20, 2021 through May 20, 2022 . Repurchases may be made in public or private transactions,
May 20, 2021 at 4:06 PM EDT
Kadant Declares Cash Dividend
WESTFORD, Mass. , May 20, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.25 per share to be paid on August 12, 2021 to stockholders of record as of the close of business on July 15, 2021 .
May 4, 2021 at 4:31 PM EDT
Kadant Reports First Quarter 2021 Results and Record Bookings
WESTFORD, Mass. , May 04, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended April 3, 2021 . First Quarter Financial Highlights Bookings increased 16% to a record $204 million . Operating cash flow increased 209% to $19 million .

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