KAI - Earnings announcements

WESTFORD, Mass., May 05, 2026 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the first quarter ended April 4, 2026. First Quarter Financial Highlights Bookings increased 25% to a record $321 millionRevenue increased 18% to $282 millionGross margin decreased 110 basis points to 45.0%Net income increased 6% to $26 millionGAAP EPS increased 6% to $2.16  Adjusted EPS increased 14% to $2.84Adjusted EBITDA increased 19% to $57 million and represented 20.2% of revenueOperating cash flow decreased 4% to $22 millionBacklog was $326 million Note: Percent changes above are based on comparison to the prior year period. All references to earnings per share (EPS) are to

WESTFORD, Mass., April 30, 2026 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced it will release its 2026 first quarter results after the market closes on Tuesday, May 5, 2026 and will hold a webcast the next day, Wednesday, May 6, 2026 at 11:00 a.m. Eastern Time. During the call the Company will discuss its first quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on our website to receive a dial-in number and unique PI

WESTFORD, Mass., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the fourth quarter and fiscal year ended January 3, 2026. Fourth Quarter Financial Highlights Revenue increased 11% to a record $286 millionGross margin increased 50 basis points to 43.9%Net income was $24 million in both periodsGAAP EPS was $2.04 in both periodsAdjusted EPS increased 1% to $2.27Adjusted EBITDA increased 11% to $58 million and represented 20.3% of revenueOperating cash flow increased 17% to $61 millionBookings increased 12% to $270 million Fiscal Year Financial Highlights Revenue was $1.05 billion in both periodsGross margin increased 90 basis points to 45.2%Net

WESTFORD, Mass., Feb. 13, 2026 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced it will release its 2025 fourth quarter and full-year results after the market closes on Wednesday, February 18, 2026 and will hold a webcast the next day, Thursday, February 19, 2026 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. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on our website

WESTFORD, Mass., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) has entered into a definitive agreement to acquire voestalpine BÖHLER Profil GmbH & Co KG ("voestalpine BÖHLER Profil"). The acquisition is expected to close in the first quarter of 2026, subject to certain Austrian regulatory approvals and the satisfaction of customary closing conditions, and will be financed primarily through borrowings under Kadant's revolving credit facility. With over 150 years of experience, voestalpine BÖHLER Profil is a trusted leader in tailor-made special profiles with complex geometries, as well as high-performance industrial knives. The company specializes in near-net-shape rolling, deli

WESTFORD, Mass., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the third quarter ended September 27, 2025. Third Quarter Financial Highlights Revenue was $272 million in both periodsGross margin increased 50 basis points to 45.2%Net income decreased 12% to $28 millionGAAP EPS decreased 12% to $2.35Adjusted EPS decreased 9% to $2.59Adjusted EBITDA decreased 8% to $58 million and represented 21.4% of revenueOperating cash flow decreased 10% to $47 million Note: Percent changes above are based on comparison to the prior year period. All references to earnings per share (EPS) are to our EPS as calculated on a diluted basis. Adjusted EPS, adjuste

WESTFORD, Mass., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced it will release its 2025 third quarter results after the market closes on Tuesday, October 28, 2025 and will hold a webcast the next day, Wednesday, October 29, 2025 at 11:00 a.m. Eastern Time. During the call the Company will discuss its third quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on our website to receive a dial-in number and

WESTFORD, Mass., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced today that it has completed the acquisition of Clyde Industries Holdings, Inc. and affiliates ("Clyde Industries") for $175 million in cash, subject to customary adjustments. The acquisition was primarily financed through borrowings under Kadant's revolving credit facility. Founded in 1924, Clyde Industries is recognized for its highly engineered boiler efficiency and cleaning system technologies that improve performance, reduce operational costs, and support customer sustainability initiatives in critical industrial markets, including energy, pulp and paper, and general industry. The company has approxima

WESTFORD, Mass., July 29, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the second quarter ended June 28, 2025. Second Quarter Financial Highlights Bookings increased 7% to $269 millionRevenue decreased 7% to $255 millionGross margin increased 150 basis points to 45.9%Net income decreased 16% to $26 millionGAAP EPS decreased 17% to $2.22Adjusted EPS decreased 18% to $2.31Adjusted EBITDA decreased 15% to $52 million and represented 20.5% of revenueOperating cash flow increased 44% to $40 millionFree cash flow increased 58% to $37 millionEnding backlog was $299 million Note: Percent changes above are based on comparison to the prior year period. All re

WESTFORD, Mass., July 24, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced it will release its 2025 second quarter results after the market closes on Tuesday, July 29, 2025 and will hold a webcast the next day, Wednesday, July 30, 2025 at 11:00 a.m. Eastern Time. During the call the Company will discuss its second quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on our website to receive a dial-in number and uniq

WESTFORD, Mass., April 29, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the first quarter ended March 29, 2025. First Quarter Financial Highlights Bookings increased 3% to $256 millionRevenue decreased 4% to $239 millionGross margin increased 150 basis points to 46.1%Net income decreased 3% to $24 millionGAAP EPS decreased 3% to $2.04Adjusted EPS decreased 12% to $2.10Adjusted EBITDA decreased 8% to $48 million and represented 20.0% of revenueOperating cash flow remained flat at $23 millionFree cash flow increased 15% to $19 million Note: Percent changes above are based on comparison to the prior year period. All references to earnings per share (EP

WESTFORD, Mass., April 24, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced it will release its 2025 first quarter results after the market closes on Tuesday, April 29, 2025 and will hold a webcast the next day, Wednesday, April 30, 2025 at 11:00 a.m. Eastern Time. During the call the Company will discuss its first quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on our website to receive a dial-in number and uni

WESTFORD, Mass., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the fourth quarter and fiscal year ended December 28, 2024. Fourth Quarter Financial Highlights Revenue increased 8% to $258 millionGross margin was 43.4%Net income decreased 12% to $24 millionGAAP EPS decreased 12% to $2.04Adjusted EPS decreased 7% to $2.25Adjusted EBITDA increased 8% to $52 million and represented 20.3% of revenueOperating cash flow decreased 12% to $52 millionBookings increased 10% to $241 million Fiscal Year Financial Highlights Revenue increased 10% to a record $1.05 billionGross margin was 44.3%Net income decreased 4% to $112 millionGAAP EPS decreased 4% t

WESTFORD, Mass., Feb. 07, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced it will release its 2024 fourth quarter and full-year results after the market closes on Wednesday, February 12, 2025 and will hold a webcast the next day, Thursday, February 13, 2025 at 11:00 a.m. Eastern Standard Time. During the call the Company will discuss its fourth quarter and full-year financial performance and future expectations. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on ou

WESTFORD, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the third quarter ended September 28, 2024. Third Quarter Financial Highlights Revenue increased 11% to $272 millionGross margin was 44.7%Operating cash flow increased 12% to $52 millionFree cash flow increased 27% to $48 millionNet income increased 2% to $32 millionGAAP EPS increased 2% to $2.68Adjusted EPS increased 6% to a record $2.84Adjusted EBITDA was a record $63 million and represented a record 23.3% of revenueBookings increased 15% to $240 million Note: Percent changes above are based on comparison to the prior year period. All references to earnings per share (EPS) are

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. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at www.kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on our website to receive a dial-in number

WESTFORD, Mass., July 30, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the second quarter ended June 29, 2024. Second Quarter Financial Highlights Revenue increased 12% to a record $275 millionGross margin was 44.4%Operating cash flow increased 25% to $28 millionFree cash flow increased 69% to $23 millionNet income increased 5% to $31 millionGAAP EPS increased 5% to $2.66Adjusted EPS increased 11% to a record $2.81Adjusted EBITDA was a record $62 million and represented a record 22.5% of revenueBookings increased 17% to $252 million Note: Percent changes above are based on comparison to the prior year period. All references to earnings per share (EP

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. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at www.kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on our website to receive a dial-in number and

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. The acquisition was financed through borrowings under Kadant's revolving credit facility. DSTI is a leader in engineered fluid sealing and transfer solutions for rotating applications. The company specializes in the design, manufacture, and integration of fluid rotary unions, electrical slip rings, and value-added products used to transfer hydraulic fluid, water, air, and other liquids and gases in a variety of industrial process

WESTFORD, Mass., April 30, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the first quarter ended March 30, 2024. First Quarter Financial Highlights Revenue increased 8% to a record $249 millionGross margin was 44.6%Adjusted gross margin was 45.5% excluding acquisition-related costsOperating cash flow decreased 38% to $23 millionNet income decreased 12% to $25 millionGAAP EPS decreased 13% to $2.10Adjusted EPS decreased 1% to $2.38Adjusted EBITDA increased 8% to $52 million and represented 21.0% of revenueBookings decreased 10% to $248 million from an unprecedented record $275 million Note: Percent changes above are based on comparison to the prior ye

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. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at www.kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on our website to receive a dial-in number and un

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. Fourth Quarter Financial Highlights   Revenue increased 3% to $239 million  Operating cash flow increased 68% to $59 millionFree cash flow increased 114% to $49 millionNet income increased 5% to $27 millionGAAP EPS increased 4% to $2.33Adjusted EPS increased 3% to $2.41Adjusted EBITDA decreased 2% to $48 million and represented 20.3% of revenueBookings increased 1% to $218 million Fiscal Year Financial Highlights   Revenue increased 6% to a record $958 million  Operating cash flow increased 61% to a record $166 millionF

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, 2024 and will hold a webcast the next day, Thursday, February 15, 2024 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. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at www.kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on our w

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 cash, subject to certain customary adjustments. The acquisition was financed primarily through borrowings under Kadant's revolving credit facility. KWS is a leading manufacturer of conveying equipment for the bulk material handling industry. The company manufactures screw conveyors, screw feeders, slide gates, and bucket elevators for process industries, including the food, chemicals, and wood industries. Located in Burleson, Texas, with approximately 165 employees, KWS had revenue of $45 mill

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 approximately $156 million in cash, subject to certain customary adjustments. The acquisition was financed primarily through borrowings under Kadant's revolving credit facility. Key Knife is a global supplier of engineered knife systems for custom chipping, planing, and flaking solutions for wood product industries. Its products enable wood processing mills to improve fiber recovery, product quality, and maximize production while lowering operating costs. The company is headquartered in Tualatin, Ore

WESTFORD, Mass., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the third quarter ended September 30, 2023. Third Quarter Financial Highlights   Revenue increased 9% to $244 millionOperating cash flow increased 89% to $47 millionFree cash flow increased 106% to $38 millionNet income increased 12% to $31 millionGAAP EPS increased 12% to $2.63Adjusted EPS increased 13% to a record $2.69Adjusted EBITDA increased 10% to a record $53 million and represented a record 21.6% of revenueBookings decreased 1% to $210 millionBacklog was $324 million Note: Percent changes above are based on comparison to the prior year period. All references to EPS are to

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 webcast the next day, Wednesday, November 1, 2023 at 11:00 a.m. eastern time. During the call the Company will discuss its third quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at www.kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or selecting the Q&A link on our website to receive a dial-in numbe

WESTFORD, Mass., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the second quarter ended July 1, 2023. Second Quarter Financial Highlights   Revenue increased 11% to a record $245 millionBookings decreased 19% to $215 millionOperating cash flow increased 20% to $22 millionNet income increased 14% to $30 millionGAAP EPS increased 13% to $2.54Adjusted EPS increased 13% to a record $2.54Adjusted EBITDA increased 12% to a record $52 million and represented 21.0% of revenueBacklog was $363 million Note: Percent changes above are based on comparison to the prior year period. All references to EPS are to our EPS as calculated on a diluted basis. Adj

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 webcast the next day, Wednesday, August 2, 2023 at 11:00 a.m. eastern time. During the call the Company will discuss its second quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at www.kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or the Q&A link on our website to receive a dial-in number and unique P

WESTFORD, Mass., May 02, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the first quarter ended April 1, 2023. First Quarter Financial Highlights   Bookings increased 3% to a record $275 millionOperating cash flow increased 55% to $37 millionRevenue increased 1% to $230 millionNet income decreased 32% to $28 millionGAAP EPS decreased 32% to $2.40Adjusted EPS increased 5% to a record $2.40Adjusted EBITDA increased 6% to $49 million and represented 21.1% of revenueBacklog was a record $393 million Note: Percent changes above are based on comparison to the prior year period. All references to EPS are to our EPS as calculated on a diluted basis. Adj

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 webcast the next day, Wednesday, May 3, 2023 at 11:00 a.m. eastern time. During the call the Company will discuss its first quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at www.kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or the Q&A link on our website to receive a dial-in number and unique PIN. It

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. Fourth Quarter Financial Highlights Revenue increased 6% to $232 million*Bookings decreased 7% to $215 millionNet income increased 8% to $26 millionGAAP diluted EPS increased 8% to $2.23Adjusted diluted EPS increased 1% to $2.33Adjusted EBITDA increased 10% to $50 million* and represented 21.3%* of revenueOperating cash flow decreased 42% to $35 million Fiscal Year Financial Highlights Revenue increased 15% to $905 million*Bookings increased 7% to $958 million*Net income increased 44% to $121 million*GAAP diluted EPS i

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, 2023 and will hold a webcast the next day, Thursday, February 16, 2023 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. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at www.kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or the Q&A link on our website

WESTFORD, Mass., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the third quarter ended October 1, 2022. Third Quarter Financial Highlights Revenue increased 12% to $225 million.Bookings decreased 14% to $211 million.Net income increased 34% to $27 million.GAAP diluted EPS increased 34% to $2.35.Adjusted diluted EPS increased 21% to a record $2.38.Adjusted EBITDA increased 17% to a record $48 million and represented 21.3% of revenue.Operating cash flow decreased 34% to $25 million.Backlog was $350 million. Note: Percent changes above are based on comparison to the prior year period. Adjusted diluted EPS, adjusted EBITDA, adjusted EBITDA marg

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 webcast the next day, Wednesday, November 2, 2022 at 11:00 a.m. eastern time. During the call the Company will discuss its third quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the "Investors" section of the Company's website at www.kadant.com. Participants interested in joining the call's live question and answer session are required to register by clicking here or the Q&A link on our website to receive a dial-in number and unique

WESTFORD, Mass., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the second quarter ended July 2, 2022. Second Quarter Financial Highlights Bookings increased 25% to $266 million.Revenue increased 13% to $222 million.Net income increased 14% to $26 million.GAAP diluted EPS increased 14% to $2.24.Adjusted diluted EPS increased 11% to $2.24.Adjusted EBITDA increased 11% to a record $46 million and represented 20.7% of revenue.Operating cash flow decreased 58% to $19 million.Backlog was a record $379 million. Note: Percent changes above are based on comparison to the prior year period. Adjusted diluted EPS, adjusted EBITDA, adjusted EBITDA margi

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 webcast the next day, Wednesday, August 3, 2022 at 11:00 a.m. eastern time. During the call the Company will discuss its second quarter financial performance and future expectations. Please note that there is a new process to access the call. To listen to the call, go to the "Investors" section of the Company's website at www.kadant.com to access the webcast link. Participants interested in joining the call's live question and answer session are required to register by either clicking here or

WESTFORD, Mass., May 03, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the first quarter ended April 2, 2022. First Quarter Financial Highlights Bookings increased 30% to a record $266 million.Revenue increased 31% to a record $226 million.Operating cash flow increased 24% to $24 million.Free cash flow increased 24% to $21 million.Net income was $41 million, including a $15 million after-tax gain on the sale of a facility.GAAP diluted EPS increased 147% to $3.53.Adjusted diluted EPS increased 49% to $2.28.Adjusted EBITDA increased 41% to a record $46 million and represented 20.2% of revenue.Backlog was a record $348 million. Note: Percent changes ab

WESTFORD, Mass., April 28, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced it will release its 2022 first quarter results after the market closes on Tuesday, May 3, 2022 and will hold a webcast the next day, Wednesday, May 4, 2022 at 11:00 a.m. eastern time. During the call the Company will discuss its first quarter financial performance and future expectations. To listen to the call live, go to the "Investors" section of the Company's website at www.kadant.com. To participate in the live question and answer session, dial 888-326-8410 within the U.S., or +1-704-385-4884 outside the U.S., and reference participant passcode 8582925. The earnings release and webcast presentation wi

WESTFORD, Mass., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the fourth quarter and fiscal year ended January 1, 2022. Fourth Quarter Financial Highlights Operating cash flow increased 51% to a record $61 million.Free cash flow increased 47% to a record $56 million.Bookings increased 17% to $231 million.Revenue increased 30% to a record $219 million.GAAP diluted EPS increased 48% to a record $2.07.Adjusted diluted EPS increased 50% to a record $2.31.Net income increased 49% to $24 million.Adjusted EBITDA was a record $45 million and represented 20.5% of revenue. Fiscal Year Financial HighlightsRecords Achieved in Each of the Following Metr

WESTFORD, Mass., Feb. 11, 2022 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced it will release its 2021 fourth quarter and full-year results after the market closes on Wednesday, February 16, 2022 and will hold a webcast the next day, Thursday, February 17, 2022 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. To listen to the call live, go to the "Investors" section of the Company's website at www.kadant.com. To participate in the live question and answer session, dial 888-326-8410 within the U.S., or +1-704-385-4884 outside the U.S., and reference participant passcode 9569006. The ea

WESTFORD, Mass., Nov. 02, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the third quarter ended October 2, 2021. Third Quarter Financial Highlights Bookings increased 71% to a record $245 million.Revenue increased 29% to a record $200 million.Operating cash flow increased 56% to $38 million.Free cash flow increased 53% to $35 million.Net income increased 38% to $20 million.GAAP diluted EPS increased 37% to $1.75.Adjusted diluted EPS increased 50% to $1.97.Adjusted EBITDA increased 36% to $41 million and represented 20.5% of revenue.Backlog was a record $299 million. Note: Percent changes above are based on comparison to the prior year period. Free c

WESTFORD, Mass., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced it will release its 2021 third quarter results after the market closes on Tuesday, November 2, 2021 and will hold a webcast the next day, Wednesday, November 3, 2021 at 11:00 a.m. eastern time. During the call the Company will discuss its third quarter financial performance and future expectations. To listen to the call live, go to the "Investors" section of the Company's website at www.kadant.com. To participate in the live question and answer session, dial 888-326-8410 within the U.S., or +1-704-385-4884 outside the U.S., and reference participant passcode 9476904. The earnings release and webcast

WESTFORD, Mass., Aug. 23, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) today announced it has completed its acquisition of Balemaster for $54 million in cash, subject to certain customary adjustments. Balemaster is a leading U.S. manufacturer of horizontal balers and related equipment used primarily for recycling packaging waste at corrugated box plants and large retail and distribution centers. The company's revenue for the trailing twelve months ended June 30, 2021 was approximately $22 million. Balemaster will become part of Kadant's Material Handling reporting segment. "Our acquisition of Balemaster expands our presence in the secondary material processing sector and creates new o

WESTFORD, Mass., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the second quarter ended July 3, 2021. Second Quarter Financial Highlights with Records Achieved in Each of the Following Metrics Bookings increased 60% to $213 million.Revenue increased 28% to $196 million.Operating cash flow increased 101% to $44 million.Free cash flow increased 100% to $42 million.Net income increased 97% to $23 million.GAAP diluted EPS increased 96% to $1.96.Adjusted diluted EPS increased 90% to $2.01.Adjusted EBITDA increased 56% to $41 million and represented 21.1% of revenue.Backlog was $242 million. Note: Percent changes above are based on compariso

WESTFORD, Mass., July 29, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced it will release its 2021 second quarter results after the market closes on Tuesday, August 3, 2021 and will hold a webcast the next day, Wednesday, August 4, 2021 at 11:00 a.m. eastern time. During the call the Company will discuss its second quarter financial performance and future expectations. To listen to the call live, go to the "Investors" section of the Company's website at www.kadant.com. To participate in the live question and answer session, dial 888-326-8410 within the U.S., or +1-704-385-4884 outside the U.S., and reference participant passcode 3083302. The earnings release and webcast presenta