WESTFORD, Mass.--(BUSINESS WIRE)--Feb. 17, 2009--
Kadant Inc. (NYSE:KAI) announced that it will release its 2008 fourth
quarter and full-year results after the market closes on Wednesday,
March 4, 2009 and will hold a conference call for investors the next
day, Thursday, March 5, 2009 at 11 a.m. eastern time. Kadant currently
is in the process of completing an analysis of goodwill impairment
associated with its stock preparation product line. Kadant estimates
that the pre-tax non-cash goodwill impairment charge in the fourth
quarter of 2008 will range from $35 to $42 million.
During the call, the company will discuss its fourth quarter and
full-year performance, as well as future expectations. To listen, call
800-709-2159 within the U.S., or 973-582-2810 outside the U.S., and
reference Conference ID number 80014827. Please begin dialing at least
10 minutes before the scheduled starting time. You can also listen to
the conference call live on the Web by visiting www.kadant.com
and clicking on “Investors.” Our earnings release will also be posted in
the “Investors” section, under “Investor News.” An audio archive of the
call will be available on our Web site until April 3, 2009.
Kadant Inc. is a leading supplier to the global pulp and paper industry,
with a range of products and services for improving efficiency and
quality in pulp and paper production, including paper machine
accessories and systems for stock preparation, fluid handling, and water
management. Our fluid-handling products are also used to optimize
production in the steel, rubber, plastics, food, and textile industries.
In addition, we produce granules from papermaking byproducts for
agricultural and lawn and garden applications. Kadant is based in
Westford, Massachusetts, with revenues of $366 million in 2007 and 2,000
employees in 16 countries worldwide. For more information, visit www.kadant.com.
Source: Kadant Inc.
For Kadant Inc.
Investor contact:
Thomas M. O’Brien,
978-776-2000
or
Media contact:
Wes Martz, 269-278-1715