KAI Stock Recent News

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.

WESTFORD, Mass., July 30, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended June 29, 2024.

WESTFORD, Mass., July 25, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2024 second quarter results after the market closes on Tuesday, July 30, 2024 and will hold a webcast the next day, Wednesday, July 31, 2024 at 11:00 a.m. eastern time. During the call the Company will discuss its second quarter financial performance and future expectations.

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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 approximately $55 million in cash, subject to certain customary adjustments.

Kadant (KAI) rewards shareholders with a share buyback program worth $50 million.

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 effective May 16, 2024 through May 16, 2025. Repurchases may be made in public or private transactions, including under Securities Exchange Act Rule 10b-5-1 trading plans. The timing and amount of any repurchases will be at the discretion of Company management and will be based on market conditions and other considerations, including limitations contained in our credit agreement entered into on March 1, 2017, as amended and restated. The Company has not repurchased any shares of its common stock under the $50 million authorization that will expire on May 18, 2024.

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 paid on August 8, 2024 to stockholders of record as of the close of business on July 11, 2024. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change.

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 webcast the next day, Wednesday, May 1, 2024 at 11:00 a.m. eastern time. During the call the Company will discuss its first quarter financial performance and future expectations.