News & Events

ACTON, Mass., Jul 15, 2002 (BUSINESS WIRE) -- Kadant Inc. (ASE:KAI) announced that it will release its 2002 second quarter results at the close of business on Wednesday, July 24, 2002, and will hold a conference call for investors the following day, Thursday, July 25, 2002, at 11 a.m. EDT.

ACTON, Mass., Jul 10, 2002 (BUSINESS WIRE) -- Kadant Inc. (ASE:KAI) announced that its Kadant Black Clawson Inc. subsidiary has received multiple orders totaling more than $8 million during the second quarter for stock-preparation systems that will be used to recycle pulp fiber at mills in China.

ACTON, Mass., Jun 20, 2002 (BUSINESS WIRE) -- Kadant Inc. (ASE:KAI) today announced that its board of directors has appointed Ernst & Young LLP as its independent public accountants, replacing Arthur Andersen LLP, which served as the company's auditor since it went public in 1992.

ACTON, Mass., Jun 14, 2002 (BUSINESS WIRE) -- Kadant Inc. (ASE:KAI) today announced that it has sold on an agency basis 1,300,000 shares of Kadant common stock at a purchase price of $14.62 per share, for aggregate gross proceeds of $19,006,000. J.P. Morgan Securities Inc. acted as placement agent.

ACTON, Mass., May 8, 2002 (BUSINESS WIRE) -- Kadant Inc. (ASE:KAI) will hold a live Webcast of its 2002 annual shareholders' meeting on May 16, 2002, at 2:30 p.m. EDT. The meeting will take place at the Boston Marriott Burlington hotel in Burlington, Massachusetts.

ACTON, Mass., May 1, 2002 (BUSINESS WIRE) -- For the first quarter of 2002, Kadant Inc. (ASE:KAI) reported net income of $0.9 million, or $.07 per diluted share, on revenues of $43.3 million, compared with net income of $3.1 million, or $.25 per diluted share, on revenues of $58.9 million a year

ACTON, Mass., Apr 23, 2002 (BUSINESS WIRE) -- Kadant Inc. (ASE:KAI) announced that it will release its 2002 first quarter results at the close of business on Wednesday, May 1, 2002, and will hold a conference call for investors the following day, Thursday, May 2, 2002, at 11 a.m. EDT.

ACTON, Mass., Apr 10, 2002 (BUSINESS WIRE) -- Kadant Inc. (ASE:KAI) has appointed Dr. John K. Allen a director of the company. Dr. Allen, age 49, is chairman, president, and chief executive officer of Lawrence R. McCoy & Co., Inc., a privately held wholesale distributor of specialty building

ACTON, Mass., Apr 9, 2002 (BUSINESS WIRE) -- Kadant Inc. (ASE:KAI) announced today that its board of directors has authorized the repurchase, through April 9, 2003, of $50 million of its own debt and equity securities in the open market, or in negotiated transactions.

ACTON, Mass.--(BUSINESS WIRE)--Feb. 11, 2002--Kadant Inc. (ASE:KAI) reported revenues of $221.2 million in 2001, compared with $234.9 million in 2000. Net income was $10.0 million, or $.81 per diluted share, versus $15.1 million, or $1.23 per diluted share, a year ago.