Kadant Inc. (KAI)

NYSE: KAI · IEX Real-Time Price · USD
293.77
-3.72 (-1.25%)
Apr 12, 2024, 4:00 PM EDT - Market closed
-1.25%
Market Cap 3.44B
Revenue (ttm) 957.67M
Net Income (ttm) 116.07M
Shares Out 11.72M
EPS (ttm) 9.90
PE Ratio 29.67
Forward PE 29.67
Dividend $1.28 (0.44%)
Ex-Dividend Date Apr 9, 2024
Volume 49,858
Open 293.80
Previous Close 297.49
Day's Range 292.05 - 297.49
52-Week Range 183.19 - 354.02
Beta 1.26
Analysts Buy
Price Target 360.00 (+22.55%)
Earnings Date Apr 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]

Sector Industrials
Founded 1991
Employees 3,100
Stock Exchange NYSE
Ticker Symbol KAI
Full Company Profile

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 Statements

Analyst 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 22.55% from the latest price.

Price Target
$360.0
(22.55% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Kadant Declares Cash Dividend

WESTFORD, Mass., March 06, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors increased its quarterly cash dividend to stockholders to $0.32 per share to be p...

5 weeks ago - GlobeNewsWire

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.

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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 ...

2 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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.

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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.

9 months ago - GlobeNewsWire

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 ...

9 months ago - GlobeNewsWire

Kadant Authorizes Share Repurchase

WESTFORD, Mass., May 18, 2023 (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...

11 months ago - GlobeNewsWire

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.

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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.

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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.

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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.

1 year ago - GlobeNewsWire

Kadant to Hold Earnings Conference Call on Wednesday, August 3, 2022

WESTFORD, Mass., July 28, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2022 second quarter results after the market closes on Tuesday, August 2, 2022 and will hold a ...

1 year ago - GlobeNewsWire

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1 year ago - CNBC Television

Kadant Reports First Quarter 2022 Results

Raises Full Year 2022 Earnings Guidance Raises Full Year 2022 Earnings Guidance

2 years ago - GlobeNewsWire