News & Events

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.

WALTHAM, Mass.--(BUSINESS WIRE)--Sept. 24, 2001--Thermo Fibergen Inc. (ASE:TFG) announced today that, as a result of the events of Tuesday, September 11, 2001, it has extended the expiration date for the final redemption period of its common stock redemption rights until 5:00 p.m., New York City

WALTHAM, Mass., Aug. 8 /PRNewswire/ -- Kadant Inc. (Amex: KAI - news ), formerly Thermo Fibertek Inc., becomes Thermo Electron's first spinoff today with the distribution by Thermo Electron of all the Kadant shares it owns as a dividend to Thermo Electron shareholders of record on July 30, 2001.

WALTHAM, Mass., July 19 /PRNewswire/ -- Kadant Inc. (Amex: KAI - news ), formerly known as Thermo Fibertek Inc., today reported net income of $2.4 million, or $.20 per diluted share, for the quarter ended June 30, 2001, compared with $3.9 million, or $.32 per diluted share, for the same period last

BEDFORD, Mass., July 19 /PRNewswire/ -- Thermo Fibergen Inc. (Amex: TFG - news ), a subsidiary of Kadant Inc. (Amex: KAI - news ), today reported revenues of $2,046,000 for the quarter ended June 30, 2001, compared with $1,746,000 for the same period in 2000.

WALTHAM, Mass., June 19, 2001 – Thermo Fibertek Inc. (ASE:TFT) announced that it will officially change its name to Kâdant Inc. on Thursday, July 12, 2001, at 9 a.m. EDT. At that time, Kâdant will begin trading under the ticker symbol “KAI” on the American Stock Exchange.