Last $37.57 USD
Change Today -0.32 / -0.84%
Volume 26.4K
KAI On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

kadant inc (KAI) Snapshot

Open
$37.69
Previous Close
$37.89
Day High
$37.96
Day Low
$37.22
52 Week High
12/24/13 - $41.95
52 Week Low
08/28/13 - $30.32
Market Cap
419.8M
Average Volume 10 Days
37.8K
EPS TTM
$1.73
Shares Outstanding
11.2M
EX-Date
07/14/14
P/E TM
21.7x
Dividend
$0.60
Dividend Yield
1.46%
Current Stock Chart for KADANT INC (KAI)

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kadant inc (KAI) Details

Kadant Inc. develops, manufactures, and markets a range of equipment and products for the papermaking, and paper recycling and processing industries. The company offers custom-engineered systems and equipments, such as recycling and approach flow systems, and virgin pulping process equipment, as well as individual components for pulping, de-inking, screening, cleaning, and refining recycled fiber for preparation for entry into the paper machine. It also provides doctoring systems, cleaning and filtration systems, and related consumables for the operation of paper machines; doctor blades for cleaning, creping, web removal, flaking, and the application of coatings; and profiling systems that control moisture, web curl, and gloss during paper converting. In addition, the company offers shower and fabric-conditioning, formation, and water-filtration systems that are used to clean paper machine fabrics and rolls, drain water from pulp mixtures, form the sheet or web, and filter the process water for reuse. Further, it provides fluid-handling systems, including rotary joints, syphons, turbulator bars, engineered steam and condensate systems, precision unions, and components and controls that are used primarily in the dryer section of the papermaking process, as well as in the production of corrugated boxboard, metals, plastics, rubber, textiles, chemicals, and food. Additionally, the company manufactures and sells biodegradable absorbent granules from papermaking byproducts primarily used as carriers for agricultural, home lawn and garden, professional lawn, turf, and ornamental applications, as well as for oil and grease absorption. It primarily has operations in the United States, China, and Europe. The company was formerly known as Thermo Fibertek Inc. and changed its name to Kadant Inc. in July 2001. Kadant Inc. was founded in 1991 and is headquartered in Westford, Massachusetts.

1,800 Employees
Last Reported Date: 03/12/14
Founded in 1991

kadant inc (KAI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $482.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $333.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $318.0K
Executive Vice President
Total Annual Compensation: $300.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $248.0K
Compensation as of Fiscal Year 2013.

kadant inc (KAI) Key Developments

Kadant Inc. Declares Quarterly Cash Dividend, Payable on August 13, 2014

Kadant Inc. announced that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.15 per share to be paid on August 13, 2014 to stockholders of record as of the close of business on July 16, 2014.

Kadant Inc. - Shareholder/Analyst Call

To present an overview of the company's business and strategic direction

Kadant Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2014; Provides Earnings Guidance for the Second Quarter of 2014; Revises Earnings Guidance for the Full Year of 2014

Kadant Inc. announced unaudited consolidated earnings results for the first quarter ended March 29, 2014. For the quarter, the company reported revenues of $93,367,000 against $76,204,000 a year ago. Operating income was $7,621,000 against $7,372,000 a year ago. Income from continuing operations before provision for income taxes was $7,537,000 against $7,316,000 a year ago. Income from continuing operations was $5,185,000 against $5,349,000 a year ago. Net income attributable to the company was $5,053,000 against $5,284,000 a year ago. Diluted earnings per share were $0.45 against $0.47 a year ago. Cash provided by operations $6,202,000 against $6,981,000 a year ago. Adjusted EBITDA increased 36% to a record $13 million in the first quarter of 2014 compared to $9 million in the first quarter of 2013. For the second quarter of 2014, The company expects to achieve GAAP diluted EPS from continuing operations of $0.66 to $0.68 on revenues of $104 to $106 million. For the full year, the company increasing the revenue guidance to $410 to $420 million, up from the previous guidance of $405 to $415 million. GAAP diluted EPS guidance of $2.60 to $2.70 for full year 2014, which includes $0.17 of expense related to acquired inventory and backlog. This diluted EPS guidance also includes additional expense of $0.11 for the year associated with a higher effective tax rate compared to the previous guidance. The company announced that its expect effective tax rate will be approximately 34% in 2014, up from previous estimate of 32%, partly due to a shift in the geographic distribution of earnings, that is lower earnings in the U.S. where the rate is higher and less earnings in certain of international subsidiaries where the rates are lower than the U.S.

 

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Industry Analysis

KAI

Industry Average

Valuation KAI Industry Range
Price/Earnings 18.4x
Price/Sales 1.2x
Price/Book 1.5x
Price/Cash Flow 18.1x
TEV/Sales 0.9x
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