News & Events

ACTON, Mass., Oct 3, 2002 (BUSINESS WIRE) -- Kadant Inc. (ASE:KAI) announced that its board of directors has appointed Edwin D. Healy a vice president of the company, effective October 1, 2002. In his new position, Mr. Healy is responsible for leading Kadant's worldwide stock-preparation

ACTON, Mass., Sep 30, 2002 (BUSINESS WIRE) -- Kadant Inc. (ASE:KAI) announced that its Kadant Web Systems Inc. subsidiary has been granted a patent by the U.S. Patent and Trademark Office for a new bi-metal blade technology featured on its ProCrepe(R) product, which the company developed primarily

ACTON, Mass., Sep 10, 2002 (BUSINESS WIRE) -- Kadant Inc. (ASE:KAI) announced that its Kadant Black Clawson Inc. subsidiary has received an order for paper recycling and approach-flow systems valued at $3.7 million from Jiangsu Wonder Paper Manufacturing Co., Ltd., part of the Hong Kong-based Multi

ACTON, Mass., Jul 24, 2002 (BUSINESS WIRE) -- In the second quarter of 2002, Kadant Inc. (ASE:KAI) reported net income of $2.5 million, compared with $2.4 million in 2001, with earnings of $.20 per diluted share in both periods. Excluding an extraordinary gain from the repurchase of debt in the

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