Kadant Corporate

News & Events

News Releases

August 23, 2021 at 4:53 PM EDT
Kadant Acquires Leading U.S. Baler Manufacturer
WESTFORD, Mass. , Aug. 23, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) today announced it has completed its acquisition of Balemaster for $54 million in cash, subject to certain customary adjustments. Balemaster is a leading U.S. manufacturer of horizontal balers and related equipment used
August 3, 2021 at 4:18 PM EDT
Kadant Reports Record Results for Second Quarter 2021
WESTFORD, Mass., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended July 3, 2021. Second Quarter Financial Highlights with Records Achieved in Each of the Following Metrics Bookings increased 60% to $213 million.
July 29, 2021 at 10:44 AM EDT
Kadant to Hold Earnings Conference Call on Wednesday, August 4, 2021
WESTFORD, Mass. , July 29, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2021 second quarter results after the market closes on Tuesday, August 3, 2021 and will hold a webcast the next day, Wednesday, August 4, 2021 at 11:00 a.m. eastern time .
June 17, 2021 at 8:26 AM EDT
Kadant to Acquire German Blade Manufacturer Joh. Clouth
WESTFORD, Mass. , June 17, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) has entered into a definitive agreement to acquire Joh. Clouth GmbH & Co. KG and its affiliates (“Clouth”) for approximately 78 million Euros in cash, subject to certain customary adjustments.
May 20, 2021 at 4:07 PM EDT
Kadant Authorizes Share Repurchase
WESTFORD, Mass. , May 20, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has authorized the repurchase of up to $20 million of its equity securities effective May 20, 2021 through May 20, 2022 . Repurchases may be made in public or private transactions,
May 20, 2021 at 4:06 PM EDT
Kadant Declares Cash Dividend
WESTFORD, Mass. , May 20, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.25 per share to be paid on August 12, 2021 to stockholders of record as of the close of business on July 15, 2021 .
May 4, 2021 at 4:31 PM EDT
Kadant Reports First Quarter 2021 Results and Record Bookings
WESTFORD, Mass. , May 04, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended April 3, 2021 . First Quarter Financial Highlights Bookings increased 16% to a record $204 million . Operating cash flow increased 209% to $19 million .
April 29, 2021 at 9:29 AM EDT
Kadant to Hold Earnings Conference Call on Wednesday, May 5, 2021
WESTFORD, Mass. , April 29, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2021 first quarter results after the market closes on Tuesday, May 4, 2021 and will hold a webcast the next day, Wednesday, May 5, 2021 at 11:00 a.m. eastern time .
April 15, 2021 at 1:31 PM EDT
Kadant Releases its 2020 Corporate Sustainability Report
WESTFORD, Mass. , April 15, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) released its 2020 corporate sustainability report, which can be viewed at www.kadant.com/about-us/sustainability . The report highlights the Company’s continued commitment and progress on environmental, social, and
March 10, 2021 at 4:05 PM EST
Kadant Declares Cash Dividend
Raises Quarterly Dividend to $0.25 per Share WESTFORD, Mass. , March 10, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors increased its quarterly cash dividend to stockholders to $0.25 per share to be paid on May 12, 2021 to stockholders of record as of

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