Kadant Inc. (KAI)
Market Cap | 3.85B |
Revenue (ttm) | 957.67M |
Net Income (ttm) | 116.07M |
Shares Out | 11.72M |
EPS (ttm) | 9.90 |
PE Ratio | 33.14 |
Forward PE | 33.14 |
Dividend | $1.28 (0.39%) |
Ex-Dividend Date | Apr 9, 2024 |
Volume | 89,569 |
Open | 321.67 |
Previous Close | 333.28 |
Day's Range | 321.67 - 332.21 |
52-Week Range | 183.19 - 354.02 |
Beta | 1.28 |
Analysts | Buy |
Price Target | 360.00 (+9.72%) |
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]
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 9.72% from the latest price.
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...
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.
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...
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...
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 ...
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...
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...
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.
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...
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.
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 ...
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...
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.
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...
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...
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...
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.
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...
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...
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.
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...
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.
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 ...
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Kadant Reports First Quarter 2022 Results
Raises Full Year 2022 Earnings Guidance Raises Full Year 2022 Earnings Guidance