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. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 16.87%. A quarter ago, it was expected that this equipment supplier for the papermaking and paper recycling industries would post earnings of $2.43 per share when it actually produced earnings of $2.81, delivering a surprise ...

Exhibit 99.1 KADANT INC. One Technology Park Drive Westford, MA 01886 USA Tel: +1 978-776-2000 www.kadant.com PRESS RELEASE Kadant Reports Third Quarter 2024 Results WESTFORD, Mass., October 29, 2024 - 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 million • Gross margin was 44.7% • Operating cash flow increased 12% to $52 million • Free cash flow increased 27% to $48 million • Net inco ...

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 rec ...

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. A live webcast will begin at approximately 11:30 a.m. eastern time on the day of the event and will include a live questi ...

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. Part ...

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. "We are honored to be recognized for creating an environment that highly values our employees, their families, and our communities," said Jeffrey L. Powell, president and chief executive officer of Kadant. "Our people are our most valuab ...

Kadant Inc (NYSE:KAI) Q2 2024 Results Conference Call July 31, 2024 11:00 AM ET Company Participants Michael McKenney - Executive VP & CFO Jeff Powell - President, CEO & Director Conference Call Participants Ross Sparenblek - William Blair Kurt Yinger - D.A. Davidson Gary Prestopino - Barrington Walter Liptak - Seaport Research Operator Good day, and thank you for standing by. Welcome to the Q2 2024 Kadant Earnings Conference Call. At this time, all participants are in a listen-only mode. Please be advised ...

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. These figures are adjusted for nonrecurring items. Kadant, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $274.77 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.91%. This compares to year-ago revenues of $245.05 million. The company has topped conse ...

Exhibit 99.1 KADANT INC. One Technology Park Drive Westford, MA 01886 USA Tel: +1 978-776-2000 www.kadant.com PRESS RELEASE Kadant Reports Second Quarter 2024 Results WESTFORD, Mass., July 30, 2024 - 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 million • Gross margin was 44.4% • Operating cash flow increased 25% to $28 million • Free cash flow increased 69% to $23 million • Net ...

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 million Gross margin was 44.4% Operating cash flow increased 25% to $28 million Free cash flow increased 69% to $23 million Net income increased 5% to $31 million GAAP EPS increased 5% to $2.66 Adjusted EPS increased 11% to a record $2.81 Adjusted EBITDA was a record $62 million and rep ...