Last $40.06 USD
Change Today -0.06 / -0.15%
Volume 13.2K
KAI On Other Exchanges
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As of 8:04 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

kadant inc (KAI) Snapshot

Open
$40.18
Previous Close
$40.12
Day High
$40.36
Day Low
$39.71
52 Week High
12/24/13 - $41.95
52 Week Low
08/28/13 - $30.32
Market Cap
437.8M
Average Volume 10 Days
29.8K
EPS TTM
$4.75
Shares Outstanding
10.9M
EX-Date
07/14/14
P/E TM
8.4x
Dividend
$0.60
Dividend Yield
1.37%
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.

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 Second Quarter and Six Months Ended June 28, 2014; Provides Earnings Guidance for the Third Quarter of 2014 and Revised Earnings Guidance for the Fourth Quarter of 2014

Kadant Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported revenues of $104,835,000 against $82,165,000 a year ago. Operating income was $12,036,000 against $8,425,000 a year ago. Income from continuing operations before provision for income taxes was $11,868,000 against $8,336,000 a year ago. Income from continuing operations was $7,998,000 against $5,844,000 a year ago. Net income from continuing operations was $7,867,000 or $0.70 diluted per share against $5,772,000 or $0.51 diluted per share a year ago. Net income attributable to the company was $7,858,000 or $0.70 diluted per share against $5,760,000 or $0.51 diluted per share a year ago. Adjusted operating income was $12,680,000 against $8,643,000 a year ago. Capital expenditures from continuing operations were $903,000 against $1,394,000 a year ago. Cash provided by operations was $8,993,000 against $11,090,000 a year ago. Adjusted EBITDA was $15,433,000 against $11,118,000 a year ago. Adjusted net income, a non-GAAP measure, from continuing operations were $7.9 million or $0.70 per diluted share compared to $5.8 million, or $0.51 per diluted share, in the second quarter of 2013. For the six months, the company reported revenues of $198,202,000 against $158,369,000 a year ago. Operating income was $19,657,000 against $15,797,000 a year ago. Income from continuing operations before provision for income taxes was $19,405,000 against $15,652,000 a year ago. Income from continuing operations was $13,183,000 against $11,193,000 a year ago. Net income from continuing operations was $12,925,000 or $1.15 diluted per share against $11,085,000 or $0.98 diluted per share a year ago. Net income attributable to the company was $12,911,000 or $1.14 diluted per share against $11,044,000 or $0.98 diluted per share a year ago. Adjusted operating income was $22,640,000 against $16,015,000 a year ago. Capital expenditures from continuing operations were $1,442,000 against $2,572,000 a year ago. Cash provided by operations was $15,195,000 against $18,071,000 a year ago. Adjusted EBITDA was $28,122,000 against $20,443,000 a year ago. Adjusted net income and adjusted diluted EPS exclude after-tax restructuring costs of $1.3 million ($1.9 million net of tax of $0.6 million) and an after-tax gain on the sale of assets of $1.3 million ($1.7 million net of tax of $0.4 million) in the three-month period ended June 29, 2013. Adjusted diluted EPS in the three-month periods ended June 28, 2014 and June 29, 2013 was calculated using the reported weighted average diluted shares for each period. The company provided earnings guidance for the third quarter of 2014 and revised earnings guidance for the fourth quarter of 2014. The company had record bookings in the first and second quarters of 2014 and overall market conditions remain healthy. That said, it is not unusual for customers with larger capital projects, particularly in China, to delay shipment for any number of reasons, and they saw several of these being deferred from the third to the fourth quarter of 2014 and also into early 2015. The company expects to achieve GAAP diluted EPS from continuing operations of $0.52 to $0.54 in the third quarter of 2014 on revenue of $94 to $96 million. As a result of the change in the timing of these large capital projects, they are lowering its full year 2014 guidance. For the full year, they expects revenue of $400 to $410 million, revised from its previous guidance of $410 to $420 million. They expect to achieve GAAP diluted EPS from continuing operations of $2.50 to $2.60, revised from its previous GAAP diluted EPS guidance of $2.60 to $2.70, including $0.17 of expense related to acquired inventory and backlog associated with businesses acquired in 2013 and $0.03 of restructuring costs.

Kadant Inc. to Report Q2, 2014 Results on Jul 28, 2014

Kadant Inc. announced that they will report Q2, 2014 results on Jul 28, 2014

Kadant Inc., Q2 2014 Earnings Call, Jul 29, 2014

Kadant Inc., Q2 2014 Earnings Call, Jul 29, 2014

 

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