News & Events

Record Revenue, Bookings and Diluted EPS in FY 2018 WESTFORD, Mass. , Feb. 13, 2019 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 29, 2018 . Fourth Quarter Financial Highlights Revenue increased 10% to $164 million

WESTFORD, Mass. , Feb. 13, 2019 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced that Jeffrey L. Powell will be named president effective April 1, 2019 and chief executive officer and a director effective July 1, 2019 , as part of a succession plan adopted by the board of directors.

WESTFORD, Mass. , Feb. 08, 2019 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2018 fourth quarter and full-year results after the market closes on Wednesday, February 13, 2019 and will hold a webcast the next day, Thursday, February 14, 2019 at 11:00 a.m. eastern time .

WESTFORD, Mass. , Jan. 02, 2019 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced the completion of its acquisition of Syntron Material Handling Group, LLC and certain of its affiliates (“Syntron”), a leading provider of material handling equipment and systems to various process

WESTFORD, Mass. , Dec. 19, 2018 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced that on December 14, 2018 it amended its existing credit agreement (“Credit Agreement”) to increase its committed borrowing capacity under its revolving credit facility to $400 million , increase its uncommitted

WESTFORD, Mass. , Dec. 10, 2018 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) today announced that Erin L. Russell has been appointed to the Company’s board of directors, effective January 1, 2019 . Ms. Russell, whose term will begin on January 1, 2019 , was appointed to the class of directors the

WESTFORD, Mass. , Dec. 10, 2018 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) has entered into a definitive agreement to acquire Syntron Material Handling Group, LLC and certain of its affiliates (“Syntron”) from entities affiliated with Levine Leichtman Capital Partners for approximately $179

WESTFORD, Mass. , Dec. 04, 2018 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.22 per share to be paid on February 6, 2019 to stockholders of record as of the close of business on January 9, 2019 .

Reports Record Revenue and Diluted EPS WESTFORD, Mass. , Oct. 29, 2018 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended September 29, 2018 . Third Quarter 2018 Highlights Revenue increased 8% to a record $166 million GAAP diluted EPS increased

WESTFORD, Mass. , Oct. 25, 2018 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2018 third quarter results after the market closes on Monday, October 29, 2018 and will hold a webcast the next day, Tuesday, October 30, 2018 at 11:00 a.m. eastern time .