News & Events

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.

ACTON, Mass., Feb 5, 2002 (BUSINESS WIRE) -- Kadant Inc. (ASE: KAI) announced that it will release its year-end results at the close of business on Monday, February 11, 2002, and will hold a conference call for investors the following day, Tuesday, February 12, 2002, at 11 a.m. EST.

WALTHAM, Mass., Dec 27, 2001 (BUSINESS WIRE) -- Kadant Inc. (ASE: KAI) announced today that it has completed a short-form merger with its Thermo Fibergen Inc. subsidiary. Thermo Fibergen will file promptly to terminate the registration of its common stock under the Securities Exchange Act of 1934,

WALTHAM, Mass., Dec 17, 2001 (BUSINESS WIRE) -- Kadant Inc. (ASE:KAI) announced today that its board of directors has approved the promotion of Michael J. McKenney to vice president and chief accounting officer, effective January 1, 2002. Mr. McKenney will be responsible for the financial control

WALTHAM, Mass., Nov 9, 2001 (BUSINESS WIRE) -- Kadant Inc. (ASE:KAI) today announced plans to take private its majority-owned subsidiary, Thermo Fibergen Inc. (ASE:TFG), by acquiring the minority interest in Thermo Fibergen for $12.75 per share in cash.

WALTHAM, Mass., Oct 24, 2001 (BUSINESS WIRE) -- Kadant Inc. (ASE: KAI) today reported consolidated revenues of $56.1 million for the third quarter, ended September 29, 2001, compared with $58.3 million in 2000. Excluding unfavorable currency effects of $1.1 million, revenues decreased 2 percent

WALTHAM, Mass.--(BUSINESS WIRE)--Oct. 17, 2001--Kadant Inc. (ASE: KAI) announced that it will release its third quarter results at the close of business on Wednesday, October 24, 2001, and will hold a conference call for investors the following day, Thursday, October 25, 2001, at 10 a.m. EDT.

WALTHAM, Mass., July 12, 2001 – Thermo Fibertek Inc. (ASE:TFT) has officially changed its corporate name to Kâdant Inc., effective today at 9 a.m. EDT, as previously announced. Securities of Kâdant will begin trading under the ticker symbol “KAI” on the American Stock Exchange.

WALTHAM, Mass., Jul 10, 2001 /PRNewswire/ -- Thermo Fibertek Inc. (Amex: TFT) announced today that the board of directors of Thermo Electron Corporation (NYSE: TMO), which owns approximately 91 percent of Thermo Fibertek common stock, has approved the spinoff of Thermo Fibertek as a dividend to

WALTHAM, Mass., Sep 24, 2001 (BUSINESS WIRE) -- Kadant Inc. (ASE: KAI) announced today that its board of directors has authorized the repurchase, through September 24, 2002, of $50 million of its own debt and equity securities in the open market, or in negotiated transactions.