Kadant

Kadant Inc. is a global supplier of critical components and engineered systems used in process industries worldwide. The firm’s products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. It operates through the following segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment provides custom-engineered products, systems, and technologies that control the flow of fluids used in industrial and commercial applications to keep critical processes running efficiently in the packaging, tissue, food, metals, and other industrial sectors. It consists of fluid-handling and doctoring, cleaning, & filtration product lines. The Industrial Processing segment provides equipment, machinery, and technologies used to recycle paper and paperboard and process timber for use in the packaging, tissue, wood products and alternative fuel industries, among others. In addition, the firm provides industrial automation and digitization solutions to process industries. It consists of wood processing and stock-preparation product lines. The Material Handling segment provides products and engineered systems used to handle bulk and discrete materials for secondary processing or transport in the aggregates, mining, food, and waste management industries, among others. In addition, the firm manufactures and sells biodegradable, absorbent granules used as carriers in agricultural applications and for oil and grease absorption. The Material Handling segment consists of conveying and screening, baling, and fiber-based product lines. The company was founded in November 1991 and is headquartered in Westford, MA.

Earnings data Q1 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Kadant (KAI) reports record 2022 earnings, eyes growth opportunities

Kadant (KAI) concluded 2022 on a high note, achieving record revenue, EBITDA, and adjusted diluted EPS, driven by strong segment performance.
While facing challenges in working capital management, the company's strengths in financial metrics and liquidity provide a solid foundation for growth.
Opportunities lie in leveraging positive segment performance, maintaining a strong balance sheet, and capitalizing on growth prospects in 2023.

Kadant reports record Q1 earnings driven by segment strength

Kadant delivered a strong Q1 performance with record bookings and revenue, driven by robust demand in key segments. While facing challenges in the Industrial Processing segment, the company's operational efficiency and focus on high-margin products position it well for future growth.

Kadant reports record Q2 revenue and raises full-year guidance

Kadant's Q2 2023 performance reflected record revenue and operational improvements, despite challenges from economic headwinds impacting bookings.
The company's strengths lie in its stable demand outlook, strong market positions, and commitment to pursuing growth opportunities.
While facing challenges in bookings and capital allocation, Kadant remains optimistic about its future prospects and ability to navigate uncertainties.

Kadant achieves record Q3 performance, eyes growth amid challenges

Kadant's Q3 performance marked by record revenue and strong demand across segments.
Company anticipates finishing 2023 as its best year, with increased financial metrics and active M&A pipeline.
Challenges include mixed success in certain markets and potential industry impacts.
Opportunities lie in strong demand for balers, cautious economic optimism, and excellent cash flow management.

Kadant reports solid Q4 2023, eyes record 2024 performance

Kadant's Q4 2023 showed growth and strong financial performance.
Challenges include economic uncertainty and project delays.
Opportunities lie in record 2024 expectations and market recovery.
Overall, Kadant remains well-positioned for growth and innovation.

Kadant reports record Q1 revenue, cautious outlook for 2024

Kadant's Q1 2024 showcased strong revenue growth, though challenges like flat segment revenue and softer bookings were noted. The company remains cautiously optimistic for 2024 amidst economic uncertainties.

Kadant (KAI) reports record Q2 revenue and raised EPS guidance

Kadant (KAI) delivered a strong financial performance in Q2 2024, marked by record revenue, EBITDA, and organic bookings growth.
While facing challenges such as margin pressures, the company's focus on innovation and market share retention positions it well for future opportunities.
With raised EPS guidance and a strategic outlook, Kadant (KAI) remains poised for sustained growth and value creation in the market.
Investors can be optimistic about Kadant's (KAI) performance and prospects, supported by its solid operational metrics and market resilience.

Kadant achieves record Q3 performance, eyes growth opportunities ahead

Kadant's Q3 2024 earnings call showcased exceptional performance with record revenue and EBITDA, driven by aftermarket parts and acquisitions. The company is well-positioned to capitalize on opportunities in its operating segments and regional markets. Challenges lie in sustaining growth amidst market dynamics and cost management.

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Kadant Inc. operates as a global supplier of critical components and engineered systems used in process industries worldwide. It operates through the following segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment includes custom-engineered products, systems, and technologies that control the flow of fluids used in industrial and commercial applications to keep critical processes running efficiently in the packaging, tissue, food, metals, and other industrial sectors. The Industrial Processing segment provides equipment, machinery, and technologies used to recycle paper and paperboard and process timber for use in the packaging, tissue, wood products and alternative fuel industries, among others. The Material Handling segment focuses on the products and engineered systems used to handle bulk and discrete materials for secondary processing or transport in the aggregates, mining, food, and waste management industries, among others. The company was founded in November 1991 and is headquartered in Westford, MA.

Record Bookings, Operating Cash Flow, and Free Cash Flow in Q4 2020

Kadant Reports Fourth Quarter and Fiscal Year 2020 Results

WESTFORD, Mass., Feb. 12, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2020 fourth quarter and full-year results after the market closes on Wednesday, February 17, 2021 and will hold a webcast the next day, Thursday, February 18, 2021 at 11:00 a.m. eastern time. During the call the Company will discuss its fourth quarter and full-year financial performance and future expectations.

Kadant to Hold Earnings Conference Call on Thursday, February 18, 2021

Kadant (KAI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Kadant (KAI) Q4 Earnings Expected to Decline

WESTFORD, Mass., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it has joined the United Nations (UN) Global Compact, the world's largest corporate sustainability initiative. Under the UN Global Compact, members are encouraged to align their operations and strategies with universal principles on human rights, labor, environment, and anti-corruption and take strategic actions to advance broader societal goals, such as the UN Sustainable Development Goals.

Kadant Joins the United Nations Global Compact Initiative

WESTFORD, Mass., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) was recognized by the Associated Industries of Massachusetts (AIM) for excellence in environmental stewardship, promotion of social well-being, and contributions to economic prosperity. The annual award distinguishes organizations that transparently manage their corporate social responsibilities while being held accountable to its stakeholders.

Kadant Recognized for Excellence in Sustainability with the 2020 AIM Sustainability Award

WESTFORD, Mass., Jan. 06, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) has been named to Newsweek's 2021 list of America's Most Responsible Companies based on a detailed analysis of Environmental, Social and Corporate Governance (ESG) factors. This prestigious award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider.

Kadant Named to Newsweek's List of America's Most Responsible Companies 2021

WESTFORD, Mass., Dec. 17, 2020 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) was included in Fortune's 2020 list of the 100 fastest-growing companies in the world. In its debut appearance on the list, Kadant was ranked by Fortune as one of the world's best three-year performers in revenue growth, EPS growth, and annualized total return for the period ending June 30, 2020. To be eligible, companies must trade on a U.S. stock exchange and report results in U.S. dollars, among other qualification criteria.

Kadant Named One of 100 Fastest-Growing Companies by Fortune

WESTFORD, Mass., Dec. 14, 2020 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it received two orders to supply recycled fiber processing systems from a containerboard producer in Asia with a value of approximately $10 million. The equipment will be used to process recycled corrugated boxes and produce top liner used in corrugated packaging. The orders were booked in the fourth quarter of 2020 and are expected to ship in 2021.

Kadant Awarded $10 Million Order for Fiber Processing Systems

Kadant's (KAI) CEO Jeff Powell on Q3 2020 Results - Earnings Call Transcript

WESTFORD, Mass., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended September 26, 2020.

Kadant Reports Third Quarter 2020 Results

WESTFORD, Mass., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2020 third quarter results after the market closes on Tuesday, October 27, 2020 and will hold a webcast the next day, Wednesday, October 28, 2020 at 11:00 a.m. eastern time. During the call the Company will discuss its third quarter financial performance and future expectations.

Kadant to Hold Earnings Conference Call on Wednesday, October 28, 2020

Kadant's (KAI) CEO Jeff Powell on Q2 2020 Results - Earnings Call Transcript

Kadant (KAI) delivered earnings and revenue surprises of 43.24% and 2.60%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Kadant (KAI) Tops Q2 Earnings and Revenue Estimates

WESTFORD, Mass., July  28, 2020  (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended June 27, 2020.

Kadant Reports Second Quarter 2020 Results

WESTFORD, Mass., July  28, 2020  (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced the completion of its acquisition of Cogent Industrial Technologies Ltd., a leading industrial automation and controls solution provider. The acquisition expands Kadant’s capabilities in industrial automation and control technologies to deliver a more data connected and integrated solution to its customers seeking increased visibility into their operations.

Kadant Acquires Leading Automation and Controls Provider Cogent Industrial Technologies

WESTFORD, Mass., July  23, 2020  (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2020 second quarter results after the market closes on Tuesday, July 28, 2020 and will hold a webcast the next day, Wednesday, July 29, 2020 at 11:00 a.m. eastern time. During the call the Company will discuss its second quarter financial performance and future expectations.

Kadant to Hold Earnings Conference Call on Wednesday, July 29, 2020

Kadant, Inc. (KAI) CEO Jeffrey Powell on Q1 2020 Results - Earnings Call Transcript

Kadant (KAI) delivered earnings and revenue surprises of 29.76% and 2.39%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Kadant (KAI) Beats Q1 Earnings and Revenue Estimates

WESTFORD, Mass., April  22, 2020  (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced the realignment of its current operating segments by combining its operating entities into three new reportable operating segments. Consistent with the Company’s strategic initiatives to grow both organically and through acquisitions, these segment changes reflect how the Company has grown and diversified over the last several years. The three new reportable operating segments are Flow Control, Industrial Processing, and Material Handling.

Kadant Announces Change in Operating Segments to Better Reflect Strategic Focus

WESTFORD, Mass., March  19, 2020  (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) President and CEO Jeffrey L. Powell today issued the following statement around the coronavirus (COVID-19) outbreak and its impact on Kadant’s operations around the globe:

Kadant Provides Business Update on COVID-19

WESTFORD, Mass., March  06, 2020  (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today released its 2019 corporate sustainability report, which can be viewed at www.kadant.com/sustainability. The report highlights the Company’s commitment and progress on environmental, social, and governance (ESG) initiatives.

Kadant Releases Corporate Sustainability Report

Raises Quarterly Dividend to $0.24 per Share Raises Quarterly Dividend to $0.24 per Share

Kadant Declares Cash Dividend (KAI)

Kadant, Inc. (KAI) CEO Jeffrey Powell on Q4 2019 Results - Earnings Call Transcript

Kadant (KAI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Kadant (KAI) Keep the Earnings Surprise Streak Alive?

Skechers U.S.A.

CBRE Group

Herman Miller

Texas Pacific Land Trust

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