News & Events

ACTON, Mass.--(BUSINESS WIRE)--May 31, 2005--Kadant Inc. (NYSE:KAI) has received an order for stock-preparation equipment valued at approximately $4 million from Zhejiang Ji'an Paper Packet Co., Ltd., a linerboard producer in China. The company's Kadant Black Clawson Inc.

ACTON, Mass.--(BUSINESS WIRE)--May 11, 2005--Kadant Inc. (NYSE:KAI) has completed its previously announced acquisition of The Johnson Corporation, a leading supplier of steam and condensate systems, components, controls, and related services to the global paper industry.

ACTON, Mass.--(BUSINESS WIRE)--May 6, 2005--Kadant Inc. (NYSE:KAI) announced today that its board of directors has authorized the repurchase of up to $15 million of its equity securities in the open market or in negotiated transactions, effective May 18, 2005 (the date its current repurchase

ACTON, Mass.--(BUSINESS WIRE)--April 27, 2005--For the first quarter of 2005, Kadant Inc. (NYSE:KAI) reported that revenues from continuing operations increased 7 percent to $50.7 million (including a 2 percent benefit from currency translation), compared with $47.5 million in the first quarter of

ACTON, Mass.--(BUSINESS WIRE)--April 20, 2005--Kadant Inc. (NYSE:KAI) announced that it will release its 2005 first quarter results after the market closes on Wednesday, April 27, 2005, and will hold a conference call for investors the next day, Thursday, April 28, at 11 a.m. Eastern time.

ACTON, Mass.--(BUSINESS WIRE)--April 7, 2005--Kadant Inc. (NYSE:KAI) announced that it has entered into a definitive agreement to acquire The Johnson Corporation for approximately $102 million in cash, subject to a post-closing adjustment. The parties have also agreed to an earn-out provision,

ACTON, Mass.--(BUSINESS WIRE)--March 28, 2005--Kadant Inc. (NYSE:KAI) has received four orders for stock-preparation equipment totaling $10.3 million from international and North American customers. The systems will be supplied by the company's Kadant Black Clawson Inc. subsidiary.

ACTON, Mass., Feb 16, 2005 (BUSINESS WIRE) -- For the fourth quarter of 2004, Kadant Inc. (NYSE:KAI) reported revenues of $45.9 million from continuing operations (including $1.5 million from the favorable effect of currency translation), compared with $48.7 million in the fourth quarter of 2003.

ACTON, Mass.--(BUSINESS WIRE)--Feb. 14, 2005--Kadant Inc. (NYSE:KAI) has received an order from Sappi Saiccor Ltd., of South Africa, for a Chemi-Washer(R) horizontal-belt washing system valued at more than $3 million. Sappi Saiccor is the world's largest producer of chemical cellulose, or dissolved

ACTON, Mass.--(BUSINESS WIRE)--Feb. 8, 2005--Kadant Inc. (NYSE:KAI) announced that it will release its 2004 fourth quarter and year-end results after the market closes on Wednesday, February 16, 2005, and will hold a conference call for investors the next day, Thursday, February 17, at 11 a.m.