Kadant Inc. (KAI)
Market Cap | 3.44B |
Revenue (ttm) | 976.89M |
Net Income (ttm) | 112.68M |
Shares Out | 11.74M |
EPS (ttm) | 9.60 |
PE Ratio | 30.49 |
Forward PE | 28.71 |
Dividend | $1.28 (0.44%) |
Ex-Dividend Date | Jul 11, 2024 |
Volume | 77,025 |
Open | 295.39 |
Previous Close | 290.34 |
Day's Range | 290.45 - 295.74 |
52-Week Range | 196.99 - 354.02 |
Beta | 1.25 |
Analysts | Buy |
Price Target | 360.00 (+22.98%) |
Earnings Date | Jul 30, 2024 |
About KAI
Kadant Inc. supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, fo... [Read more]
Financial Performance
In 2023, Kadant's revenue was $957.67 million, an increase of 5.85% compared to the previous year's $904.74 million. Earnings were $116.07 million, a decrease of -4.02%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for KAI stock is "Buy." The 12-month stock price forecast is $360.0, which is an increase of 22.98% from the latest price.
News
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Kadant Acquires Dynamic Sealing Technologies
WESTFORD, Mass., June 03, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced it has completed the acquisition of Dynamic Sealing Technologies LLC and affiliates (“DSTI”) for approximatel...
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Kadant Authorizes Share Repurchase
WESTFORD, Mass., May 16, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has authorized the repurchase of up to $50 million of its equity securities effect...
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Kadant Declares Cash Dividend
WESTFORD, Mass., May 16, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.32 per share to be pa...
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Kadant Reports First Quarter 2024 Results
WESTFORD, Mass., April 30, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended March 30, 2024.
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Kadant to Hold Earnings Conference Call on Wednesday, May 1, 2024
WESTFORD, Mass., April 25, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2024 first quarter results after the market closes on Tuesday, April 30, 2024 and will hold a ...
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Kadant Reports Fourth Quarter and Fiscal Year 2023 Results
WESTFORD, Mass., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 30, 2023.
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Kadant Named to Newsweek's List of America's Most Responsible Companies 2024
WESTFORD, Mass., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that it was named one of "America's Most Responsible Companies 2024" by Newsweek magazine. This was the fourt...
![](https://cdn.snapi.dev/images/v1/9/3/conf15-2270043.jpg)
Kadant to Hold Earnings Conference Call on Thursday, February 15, 2024
WESTFORD, Mass., Feb. 09, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2023 fourth quarter and full-year results after the market closes on Wednesday, February 14, 20...
![](https://cdn.snapi.dev/images/v1/o/p/press5-2243280.jpg)
Kadant Acquires KWS Manufacturing Company
WESTFORD, Mass., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced it has completed the acquisition of KWS Manufacturing Company, Ltd. (“KWS”) for approximately $84 million in ...
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Kadant Completes Acquisition of Key Knife, Inc.
WESTFORD, Mass., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) has completed its previously announced acquisition of Key Knife, Inc. and certain of its affiliates (“Key Knife”) for approxi...
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Kadant to Acquire Key Knife, Inc.
WESTFORD, Mass., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) has entered into a definitive agreement to acquire Key Knife, Inc. and certain of its affiliates (“Key Knife”) for approximat...
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Kadant Reports Third Quarter 2023 Results
WESTFORD, Mass., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended September 30, 2023.
![](https://cdn.snapi.dev/images/v1/y/j/conf3-2123599.jpg)
Kadant to Hold Earnings Conference Call on Wednesday, November 1, 2023
WESTFORD, Mass., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2023 third quarter results after the market closes on Tuesday, October 31, 2023 and will hold a...
![](https://cdn.snapi.dev/images/v1/l/l/press14-2000038.jpg)
Kadant Reports Second Quarter 2023 Results
WESTFORD, Mass., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended July 1, 2023.
![](https://cdn.snapi.dev/images/v1/q/i/conf8-1992442.jpg)
Kadant to Hold Earnings Conference Call on Wednesday, August 2, 2023
WESTFORD, Mass., July 27, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2023 second quarter results after the market closes on Tuesday, August 1, 2023 and will hold a ...
![](https://cdn.snapi.dev/images/v1/k/y/press18-1866956.jpg)
Kadant Reports First Quarter 2023 Results
WESTFORD, Mass., May 02, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended April 1, 2023.
![](https://cdn.snapi.dev/images/v1/d/y/conf9-1858672.jpg)
Kadant to Hold Earnings Conference Call on Wednesday, May 3, 2023
WESTFORD, Mass., April 27, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2023 first quarter results after the market closes on Tuesday, May 2, 2023 and will hold a web...
![](https://cdn.snapi.dev/images/v1/k/g/press3-1808748.jpg)
Kadant Named to Newsweek's List of America's Greatest Workplaces for Diversity 2023
WESTFORD, Mass., March 22, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it was recognized as one of "America's Greatest Workplaces for Diversity 2023" by Newsweek magazine. The recogniti...
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Kadant Releases its 2022 Corporate Sustainability Report
WESTFORD, Mass., March 16, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) released its 2022 corporate sustainability report, which can be viewed at www.kadant.com/about-us/sustainability. The report...
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Kadant Reports Fourth Quarter and Fiscal Year 2022 Results
WESTFORD, Mass., Feb. 15, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 31, 2022.
![](https://cdn.snapi.dev/images/v1/t/q/conf19-1749639.jpg)
Kadant to Hold Earnings Conference Call on Thursday, February 16, 2023
WESTFORD, Mass., Feb. 10, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2022 fourth quarter and full-year results after the market closes on Wednesday, February 15, 20...
![](https://cdn.snapi.dev/images/v1/h/2/press9-1722803.jpg)
Kadant Named to Newsweek's List of America's Most Responsible Companies 2023
WESTFORD, Mass., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that it was named one of "America's Most Responsible Companies 2023" by Newsweek magazine. This was the third...
![](https://cdn.snapi.dev/images/v1/m/j/press6-1611828.jpg)
Kadant Reports Third Quarter 2022 Results
WESTFORD, Mass., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended October 1, 2022.
![](https://cdn.snapi.dev/images/v1/x/v/conf3-1603941.jpg)
Kadant to Hold Earnings Conference Call on Wednesday, November 2, 2022
WESTFORD, Mass., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2022 third quarter results after the market closes on Tuesday, November 1, 2022 and will hold a...
![](https://cdn.snapi.dev/images/v1/r/5/press6-1483214.jpg)
Kadant Reports Second Quarter 2022 Results
WESTFORD, Mass., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended July 2, 2022.