The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements regarding our business, financial performance and any plans to repurchase our equity securities. These forward-looking statements represent our expectations as of the date of this press release. We undertake no obligation to publicly update any forward-looki ...

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. The following constitutes a "Safe Harbor" statement under the Private Securities Litigati ...

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. About Kadant Kadant Inc. is a global supplier of technologies and engineered systems that ...

April 30, 2024 Revenue increased 8% to a record $249 million Gross margin was 44.6% Adjusted gross margin was 45.5% excluding acquisition-related costs Operating cash flow decreased 38% to $23 million Net income decreased 12% to $25 million GAAP EPS decreased 13% to $2.10 Adjusted EPS decreased 1% to $2.38 Adjusted EBITDA increased 8% to $52 million and represented 21.0% of revenue Bookings decreased 10% to $248 million from an unprecedented record $275 million Management Commentary Summary and Outlook Conf ...

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 First Quarter 2024 Results WESTFORD, Mass., April 30, 2024 - Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended March 30, 2024. First Quarter Financial Highlights 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 ...

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 milli ...

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. Participan ...

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. Participan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________ FORM 10-K (mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission file number 001-11406 KADANT INC. (Exact name of Registrant as specified in its charter) (State or other ...

Kadant Inc. (NYSE:KAI) Q4 2023 Earnings Conference Call February 15, 2024 11:00 AM ET Company Participants Michael McKenney - EVP and CFO Jeffrey Powell - President and CEO Conference Call Participants Gary Prestopino - Barrington Research Kurt Yinger - D.A. Davidson Lawrence De Maria - William Blair Walter Liptak - Seaport Research Operator Good day, and thank you for standing by. Welcome to the Fourth Quarter 2023 Kadant Earnings Conference Call. [Operator Instructions] Again, please be advised that today ...