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Kadant Inc (KAI.N)

KAI.N on New York Stock Exchange

85.93USD
18 Jan 2019
Change (% chg)

$1.93 (+2.30%)
Prev Close
$84.00
Open
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Volume
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Avg. Vol
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52-wk High
$111.45
52-wk Low
$76.91

Latest Key Developments (Source: Significant Developments)

Kadant Increases Borrowing Capacity
Wednesday, 19 Dec 2018 04:21pm EST 

Dec 19 (Reuters) - Kadant Inc ::KADANT INCREASES BORROWING CAPACITY.KADANT INC - ON DEC 14, AMENDED ITS EXISTING CREDIT AGREEMENT TO INCREASE COMMITTED BORROWING CAPACITY UNDER ITS REVOLVING CREDIT FACILITY TO $400 MILLION.KADANT INC - AMENDED ITS EXISTING CREDIT AGREEMENT TO INCREASE ITS UNCOMMITTED INCREMENTAL BORROWING FACILITY TO $150 MILLION.KADANT INC - AMENDED ITS EXISTING CREDIT AGREEMENT TO EXTEND MATURITY DATE UNDER CREDIT AGREEMENT TO DECEMBER 14, 2023.KADANT INC - CONTEMPORANEOUSLY WITH SIGNING OF NOTE PURCHASE AGREEMENT, COMPANY BORROWED $10 MILLION FROM $125 MILLION FACILITY.KADANT INC - ALLOWS CO TO, FROM TIME TO TIME OVER NEXT THREE YEARS, BORROW UP TO $125 MILLION WITH LONG-TERM FIXED INTEREST RATES.  Full Article

Kadant To Acquire Syntron Material Handling
Monday, 10 Dec 2018 08:40am EST 

Dec 10 (Reuters) - Kadant Inc ::KADANT TO ACQUIRE SYNTRON MATERIAL HANDLING.KADANT INC - DEAL FOR $179 MILLION IN CASH.KADANT - TO ACQUIRE SYNTRON MATERIAL AND CERTAIN OF ITS AFFILIATES FROM ENTITIES AFFILIATED WITH LEVINE LEICHTMAN CAPITAL PARTNERS.KADANT - PRIOR TO ENTERING INTO PURCHASE AGREEMENT TO ACQUIRE SYNTRON, IT ENTERED INTO A LIMITED CONSENT UNDER COMPANY'S EXISTING CREDIT AGREEMENT.KADANT- LENDERS AGREED TO LIMIT CERTAIN FUNDING CONDITIONS UNDER DEAL WITH RESPECT TO LOANS CO MAY REQUEST TO FUND PORTION OF ACQUISITION OF SYNTRON.  Full Article

Kadant Names Michael Mckenney CFO
Monday, 12 Mar 2018 03:06pm EDT 

March 12 (Reuters) - Kadant Inc ::KADANT SAYS ‍ON MARCH 7, BOARD NAMED MICHAEL MCKENNEY AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER​ - SEC FILING.  Full Article

Kadant Q3 adjusted earnings per share $1.49
Monday, 30 Oct 2017 04:23pm EDT 

Oct 30 (Reuters) - Kadant Inc ::Kadant reports 2017 third quarter results.Sees Q4 2017 GAAP earnings per share $0.87 to $0.91.Q3 adjusted earnings per share $1.49.Q3 GAAP earnings per share $1.17.Sees Q4 2017 revenue $143 million to $146 million.Q3 revenue $153 million versus i/b/e/s view $141.3 million.Q3 earnings per share view $1.14 -- Thomson Reuters I/B/E/S.Sees Q4 2017 adjusted earnings per share $1.02 to $1.06.Sees fy 2017 adjusted earnings per share $4.37 to $4.41 excluding items.Sees FY 2017 gaap earnings per share $3.56 to $3.60.Sees FY 2017 revenue $509 million to $512 million.Kadant Inc - ‍raises revenue and eps guidance for 2017​.Kadant Inc qtrly ‍bookings increased 43% to $135 million​.  Full Article

Kadant acquires a leading expansion joint manufacturer
Monday, 14 Aug 2017 04:46pm EDT 

Aug 14 (Reuters) - Kadant Inc -:Kadant acquires a leading expansion joint manufacturer.Kadant Inc - deal for ‍$31 million in cash​.Kadant Inc - ‍announced completion of its acquisition of certain assets of Unaflex Llc​.  Full Article

Kadant Q2 GAAP earnings per share $0.72
Tuesday, 1 Aug 2017 04:09pm EDT 

Aug 1 (Reuters) - Kadant Inc :Kadant reports 2017 second quarter results.Sees Q3 2017 GAAP earnings per share $0.83 to $0.87.Q2 adjusted earnings per share $1.04.Q2 GAAP earnings per share $0.72.Sees Q3 2017 revenue $139 million to $142 million.Q2 earnings per share view $0.91 -- Thomson Reuters I/B/E/S.Sees Q3 2017 adjusted earnings per share $1.12 to $1.16 excluding items.Sees FY 2017 adjusted earnings per share $3.99 to $4.07 excluding items.Sees FY 2017 GAAP earnings per share $3.18 to $3.26.Sees FY 2017 revenue $488 million to $494 million.Q2 revenue $110.2 million versus I/B/E/S view $111.8 million.Kadant Inc - qtrly ‍bookings increased 23% to $120 million​.Kadant Inc - ‍increasing guidance for second half of 2017 due to both improved outlook for existing business​.Q3 earnings per share view $0.90, revenue view $118.2 million -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $3.46, revenue view $445.4 million -- Thomson Reuters I/B/E/S.  Full Article

Kadant to acquire NII FPG Co's forest products business
Tuesday, 30 May 2017 04:25pm EDT 

May 30 (Reuters) - Kadant Inc ::Kadant to acquire NII FPG company’s forest products business.Kadant - deal for ‍$173 million in cash​.Kadant - ‍it has increased its revolving credit facility to $300 million from $200 million​.Kadant - intends to finance transaction through borrowings under revolving credit facility.Kadant - ‍forest products business of NII FPG company includes two primary manufacturing facilities​.  Full Article

Kadant Inc authorizes share repurchase
Wednesday, 17 May 2017 04:24pm EDT 

May 17 (Reuters) - Kadant Inc :Kadant authorizes share repurchase.Board of directors has authorized repurchase of up to an additional $20 million of its equity securities.Board authorized repurchase of additional equity securities effective May 17, 2017 through May 17, 2018.  Full Article

Kadant reports Q1 revenue $103 million
Tuesday, 2 May 2017 04:04pm EDT 

May 2 (Reuters) - Kadant Inc :Kadant reports 2017 first quarter results.Sees Q2 2017 GAAP earnings per share $0.87 to $0.91.Q1 adjusted earnings per share $0.80.Q1 GAAP earnings per share $0.80.Sees Q2 2017 revenue $107 million to $110 million.Q1 revenue $103 million versus I/B/E/S view $101 million.Sees FY 2017 GAAP earnings per share $3.27 to $3.37.Sees FY 2017 revenue $427 million to $437 million.Qtrly bookings increased 23% to $119 million.Q1 earnings per share view $0.70 -- Thomson Reuters I/B/E/S.  Full Article

Kadant Q4 earnings per share $0.69
Thursday, 23 Feb 2017 04:07pm EST 

Kadant Inc : Kadant reports fourth quarter and fiscal year 2016 results . Sees Q1 2017 gaap earnings per share $0.62 to $0.66 . Q4 earnings per share $0.69 . Sees Q1 2017 revenue $97 million to $100 million . Q4 revenue $100.2 million versus I/B/E/S view $103 million . Q4 earnings per share view $0.63 -- Thomson Reuters I/B/E/S . Kadant Inc qtrly bookings were $114 million versus. $76 million . Kadant Inc - 2017 guidance includes an unfavorable foreign currency translation effect of $7 million on revenue and $0.10 on diluted EPS compared to 2016 . Kadant Inc sees 2017 report gaap diluted eps of $3.13 to $3.23 on revenue of $423 million to $433 million . Fy2017 earnings per share view $3.48, revenue view $438.4 million -- Thomson Reuters I/B/E/S . Q1 earnings per share view $0.76, revenue view $106.5 million -- Thomson Reuters I/B/E/S . Kadant - "Our parts and consumables bookings were up 11 percent over Q4 of last year and 6 percent sequentially, driven by a strong performance in North America" ."See a fairly active market for capital projects in China in 2017".  Full Article