Last $41.46 USD
Change Today -0.2699 / -0.65%
Volume 35.5K
KAI On Other Exchanges
Symbol
Exchange
New York
As of 2:28 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

kadant inc (KAI) Snapshot

Open
$42.65
Previous Close
$41.73
Day High
$42.65
Day Low
$41.41
52 Week High
10/31/14 - $42.65
52 Week Low
04/30/14 - $33.30
Market Cap
453.1M
Average Volume 10 Days
41.5K
EPS TTM
$4.76
Shares Outstanding
10.9M
EX-Date
10/10/14
P/E TM
8.7x
Dividend
$0.60
Dividend Yield
1.39%
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: 10/27/14
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. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 27, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014; Lowers Earnings Guidance for the Full Year of 2014

Kadant Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2014. For the quarter, the company reported revenues of $98,719,000 against $91,315,000 a year ago. Operating income was $10,151,000 against $9,912,000 a year ago. Income from continuing operations before provision for income taxes was $9,983,000 against $9,828,000 a year ago. Income from continuing operations was $6,737,000 against $6,501,000 a year ago. Net income from continuing operations attributable to the company was $6,651,000 or $0.60 diluted per share against $6,461,000 or $0.57 diluted per share a year ago. Net income attributable to the company was $6,647,000 or $0.60 diluted per share against $6,447,000 or $0.57 diluted per share a year ago. Adjusted operating income was $10,685,000 against $9,957,000 a year ago. Capital expenditures from continuing operations were $1,703,000 against $1,577,000 a year ago. Cash provided by operations was $15,207,000 against $12,625,000 a year ago. Adjusted EBITDA was $13,369,000 against $12,259,000 a year ago. Adjusted net income from continuing operations was $7,000,000 or $0.63 per share diluted against $6,500,000 or $0.57 per share diluted a year ago. For the nine months, the company reported revenues of $296,921,000 against $249,684,000 a year ago. Operating income was $29,808,000 against $25,709,000 a year ago. Income from continuing operations before provision for income taxes was $29,388,000 against $25,480,000 a year ago. Income from continuing operations was $19,920,000 against $17,694,000 a year ago. Net income from continuing operations attributable to the company was $19,576,000 or $1.74 diluted per share against $17,546,000 or $1.55 diluted per share a year ago. Net income attributable to the company was $19,558,000 or $1.74 diluted per share against $17,491,000 or $1.55 diluted per share a year ago. Adjusted operating income was $33,325,000 against $25,972,000 a year ago. Capital expenditures from continuing operations were $3,145,000 against $4,149,000 a year ago. Cash provided by operations was $30,402,000 against $30,697,000 a year ago. Adjusted EBITDA was $41,491,000 against $32,702,000 a year ago. The company expects to achieve GAAP diluted EPS from continuing operations of $0.72 to $0.74 in the fourth quarter of 2014 on revenue of $104 to $106 million. If achieved, this fourth quarter diluted EPS would be a record on an adjusted basis. In addition, outlook for fourth quarter has been impacted by the timing of capital orders, including both revenue that expected in fourth quarter that ended up in third quarter, as well as revenue that expected in fourth quarter that will slip into first quarter of 2015. For the full year of 2014, the company expects revenue of $401 to $403 million, narrowed from its previous guidance of $400 to $410 million. The company expects to achieve GAAP diluted EPS from continuing operations of $2.47 to $2.49, revised from its previous guidance of $2.50 to $2.60. The company lowered full year 2014 EPS guidance due to a $0.03 unfavorable effect from foreign currency exchange and $0.03 of restructuring costs, as well as its reduced expectations for the fourth quarter. Full year diluted EPS guidance includes $0.17 of expense related to acquired inventory and backlog associated with businesses acquired in 2013 and $0.06 of restructuring costs. Looking ahead, the company expects the full year 2014 consolidated gross margins will be approximately 44%.

Kadant Inc. to Report Q3, 2014 Results on Oct 27, 2014

Kadant Inc. announced that they will report Q3, 2014 results on Oct 27, 2014

Kadant Inc., Q3 2014 Earnings Call, Oct 28, 2014

Kadant Inc., Q3 2014 Earnings Call, Oct 28, 2014

 

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KAI

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Valuation KAI Industry Range
Price/Earnings 18.2x
Price/Sales 1.1x
Price/Book 1.7x
Price/Cash Flow 17.6x
TEV/Sales 1.0x
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