Profile
Sector:
IndustrialsIndustry:
Specialty Industrial MachineryCountry:
United StatesIPO:
03 November 1992Website:
http://www.kadant.comNext earnings report:
14 February 2025Last dividends:
10 October 2024Next dividends:
09 January 2025Price
after hours | Fri, 22 Nov 2024 21:02:08 GMTAnalysts recommendations
Institutional Ownership
KAI Latest News
WESTFORD, Mass., Nov. 14, 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 paid on February 6, 2025 to stockholders of record as of the close of business on January 9, 2025. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change.
Kadant's 3Q24 revenue grew 11% to $272 million, driven by acquisitions and strong aftermarket demand. North America remains a key growth driver, bolstered by robust demand. On the other hand, European and Asian markets face economic headwinds impacting project activity. Strength in aftermarket demand supports stable margins and long-term growth potential across all segments.
Kadant, Inc. (NYSE:KAI ) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Michael McKenney - Executive VP & CFO Jeffrey Powell - President, CEO & Director Conference Call Participants Gary Prestopino - Barrington Kurt Yinger - D.A. Davidson Ross Sparenblek - William Blair Operator Good day, and thank you for standing by.
Although the revenue and EPS for Kadant (KAI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Kadant (KAI) came out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $2.43 per share. This compares to earnings of $2.69 per share a year ago.
WESTFORD, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will host an Investor Day on Thursday, December 12, 2024 at the Lotte New York Palace Hotel in New York City. The event will feature presentations by members of Kadant's executive leadership team, who will discuss the Company's business outlook, growth opportunities, and new five-year financial goals.
WESTFORD, Mass., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2024 third quarter results after the market closes on Tuesday, October 29, 2024 and will hold a webcast the next day, Wednesday, October 30, 2024 at 11:00 a.m. eastern time. During the call the Company will discuss its third quarter financial performance and future expectations.
WESTFORD, Mass., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today it was named one of "America's Greatest Workplaces for Parents and Families 2024" by Newsweek magazine. The award recognizes 1,000 U.S. workplaces based on more than 693,000 reviews.
WESTFORD, Mass., Sept. 05, 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 paid on November 7, 2024 to stockholders of record as of the close of business on October 10, 2024. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change.
Kadant (KAI) came out with quarterly earnings of $2.81 per share, beating the Zacks Consensus Estimate of $2.43 per share. This compares to earnings of $2.54 per share a year ago.
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What type of business is Kadant?
Kadant Inc. is an American manufacturer of equipment for processing paper and wood. The company was registered in the state of Delaware in 1991, with headquarters located in Westford, Massachusetts. The company operates in three reporting operating segments: Papermaking Systems, Wood Processing Systems, and Material Handling Systems, as well as producing a separate line of products, Fiber-based Products.
What sector is Kadant in?
Kadant is in the Industrials sector
What industry is Kadant in?
Kadant is in the Specialty Industrial Machinery industry
What country is Kadant from?
Kadant is headquartered in United States
When did Kadant go public?
Kadant initial public offering (IPO) was on 03 November 1992
What is Kadant website?
https://www.kadant.com
Is Kadant in the S&P 500?
No, Kadant is not included in the S&P 500 index
Is Kadant in the NASDAQ 100?
No, Kadant is not included in the NASDAQ 100 index
Is Kadant in the Dow Jones?
No, Kadant is not included in the Dow Jones index
When was Kadant the previous earnings report?
No data
When does Kadant earnings report?
The next expected earnings date for Kadant is 14 February 2025