| Kadant Authorizes Share Repurchase |
WESTFORD, Mass., May 15, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has authorized the repurchase of up to $50 million of its equity securities effective May 15, 2025 through May 15, 2026. Repurchases may be made in public or private transactions, including under Securities Exchange Act Rule 10b-5-1 trading plans. The timing and amount of any repurchases will be at the discretion of Company management and will be based on market conditions and other considerations, including limitations contained in our credit agreement entered into on March 1, 2017, as amended and restated. The Company has not repurchased any shares of its common stock under the $50 million authorization that will expire on May 16, 2025. |
globenewswire.com |
2025-05-15 20:26:00 |
Czytaj oryginał (ang.) |
| Kadant Declares Cash Dividend |
WESTFORD, Mass., May 15, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.34 per share to be paid on August 7, 2025 to stockholders of record as of the close of business on July 10, 2025. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change. |
globenewswire.com |
2025-05-15 20:19:00 |
Czytaj oryginał (ang.) |
| Kadant, Inc. (KAI) Q1 2025 Earnings Call Transcript |
Kadant, Inc. (NYSE:KAI ) Q1 2025 Earnings Conference Call April 30, 2025 11:00 AM ET Company Participants Michael McKenney - Executive Vice President and Chief Financial Officer Jeff Powell - President, Chief Executive Officer and Director Conference Call Participants Ross Sparenblek - William Blair Gary Prestopino - Barrington Kurt Yinger - D.A. Davidson Walt Liptak - Seaport Research Operator Good day. |
seekingalpha.com |
2025-05-01 01:53:06 |
Czytaj oryginał (ang.) |
| Kadant (KAI) Q1 Earnings and Revenues Surpass Estimates |
Kadant (KAI) came out with quarterly earnings of $2.10 per share, beating the Zacks Consensus Estimate of $1.97 per share. This compares to earnings of $2.38 per share a year ago. |
zacks.com |
2025-04-29 23:00:49 |
Czytaj oryginał (ang.) |
| Kadant Reports First Quarter 2025 Results |
WESTFORD, Mass., April 29, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended March 29, 2025. |
globenewswire.com |
2025-04-29 20:43:00 |
Czytaj oryginał (ang.) |
| Kadant to Hold Earnings Conference Call on Wednesday, April 30, 2025 |
WESTFORD, Mass., April 24, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2025 first quarter results after the market closes on Tuesday, April 29, 2025 and will hold a webcast the next day, Wednesday, April 30, 2025 at 11:00 a.m. Eastern Time. During the call the Company will discuss its first quarter financial performance and future expectations. |
globenewswire.com |
2025-04-24 15:41:00 |
Czytaj oryginał (ang.) |
| 8 Upcoming Dividend Increases During Volatile Times |
8 Upcoming Dividend Increases During Volatile Times |
seekingalpha.com |
2025-04-04 17:43:59 |
Czytaj oryginał (ang.) |
| Kairos Minerals drills for expansion at Mt York |
Kairos Minerals Ltd managing director Dr Peter Turner discusses the company's Mt York Gold Project. Proactive: Now we're going to talk about the Mt York Gold Project in the Pilbara. Can you talk us through what the project is and why you're so excited about it? Dr Peter Turner: Well, we're really excited about it for a number of reasons. One is that probably a lot of people have not really heard about Mt York in the past. That's partly because the company has been strategising last year and doing deals. But effectively, the gold project is a 1.4 million ounce gold project. The important thing to note, and what distinguishes us from our peers, is that the mineralisation is largely contained in a single open pit. The metallurgy is very clean. But there's enormous upside in terms of the resource. So I've mentioned it's 1.4 million ounces, but we think, with all the technical work that we have and the deal we've done with Pilbara Minerals, our neighbour to the north, we feel that this project is going to grow significantly. Proactive: And you've mentioned in the notes that the consistent mineralisation is over three kilometres. So it's quite substantial? Dr Peter Turner: Yeah, it's very substantial. We've drilled it out — not in any great detail — but certainly what we see is that the mineralisation is consistent along three kilometres. We can put a hole into what we call the main trend, comprising three prospects called Main Hill, Breccia Hill, and Gossan Hill. We can put a drill hole into any part of that three kilometres and we can hit mineralisation. And that's quite unusual for gold projects. It's very unusual to have consistency like that, and that really helps when we come to develop the project — in terms of mining and development. Proactive: And, fully funded too — you’ve got A$12.4 million in the bank. So all ducks are in a row here? Dr Peter Turner: Well, not just A$12.4 million in the bank. We also expect another A$10 million to come from a deal that we did with Pilbara Minerals at the end of 2024. So not only are we fully funded moving forward on the 20,000 to 30,000 metre drill program that we're about to start, but also through to the completion of the feasibility as well, which is moving forward quite nicely. Proactive: And you're about to start drilling — that's coming up fairly shortly. What do you hope to achieve through this upcoming drilling program? Dr Peter Turner: Well, the drilling is going to hopefully satisfy two things for us. It's going to test our ideas and strategy to make this into quite a large project. We already consider it to be a large project at 1.4 million ounces. But our strategy is to grow the resources well above that. Secondly, we want to convert the lower confidence resource category material into a higher confidence category. That means moving inferred resources through to indicated resources. We'll do that by drilling deeper parts of the mineralisation, extending along strike, and targeting some of the high-grade pods that we found at the end of 2022. Proactive: And one of the priority areas there is the Main Hill extension. Can you talk us through what that deposit means to you? Dr Peter Turner: We've already mentioned that the Mt York Gold Project is three kilometres long. But we know that the mineralisation continues onto the Pilbara Minerals ground. We've negotiated with Pilbara Minerals — and are still negotiating — to get access to that additional 1.5 kilometres of mineralisation. We know it's there from some reconnaissance drilling Pilbara have done. At the end of last year, we signed an agreement. We sold them a non-core licence to the north, and in return we negotiated to acquire the gold and base metal rights to that additional portion. We're very excited. We're in the latter stages of negotiation to complete that transaction and gain access to the ground. The geologists here are really excited to see what’s across the boundary, and we plan to put in detailed diamond drilling to extend those resources, which are not currently part of the resource estimation. Proactive: So really, a lot for investors to look forward to. It's going to be a busy year. Dr Peter Turner: Certainly. It's going to be extremely busy for us. We're cashed up, we've got the drill program lined up, but importantly we've got a project that we think is really going to grow. And I think the news flow coming through this year is going to change the way people have previously seen Kairos. We'll be putting out new press releases, new drill results, and ultimately a new resource estimation a little bit further into 2025. Proactive: Lots to look forward to. Just one final question — Kairos is an interesting word. Can you talk us through what it means? Dr Peter Turner: It’s a biblical term. From what I understand, it means “the right moment” or “the opportune moment”. We feel that 2025 is probably our kairos moment. We've got a lot happening. We want to grow the resources, we want to move toward development, and we're well-funded to do that. So let’s see if 2025 is our kairos moment. Proactive: And you've got a corporate video on the website that explains everything? Dr Peter Turner: Yes. I certainly urge people to look at the website and check out the corporate video. It really does sum up in a few minutes who we are, what we're about, what we're trying to achieve, and gives some perspective on the company’s valuation. We're excited about who we are and what we're doing this year. Proactive: Peter, good luck with all the work to come. Thanks for your time. Dr Peter Turner: Thanks very much. Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) received a reiterated 'buy' rating from analysts at Stifel, who raised their price target to 90p from 80p. This followed a number of strategic changes over the past year, including the internalisation of its management function, which was completed this week. Stifel said this move and associated reduction in costs "is unequivocally positive for the shares" It will generate annual cost savings of £6 million, reducing the EPRA cost ratio to below 9%, and supporting the company’s ability to deliver a fully covered and progressive dividend. The EPRA cost ratio is expected to be amongst the very lowest in the sector. The broker noted that shares have risen 8.5% since the internalisation was announced, outperforming the EPRA UK REIT Index by seven percentage points. Earnings per share forecasts remained unchanged for Stifel, which it acknowledged "may seem counterintuitive" given the cost savings. But the analysts explain this was for three key reasons, including that it is currently making no assumption of further acquisitions in the forecasts, having removed a previously assumption of £75 million of acquisitions in the second half of the year on the basis now "that the company does not need to deploy capital, which would be largely debt-financed, in order to generate rental income". As such, Stifel expects the LTV to remain comfortably below the 40% threshold, reaching 36% by 2027, compared to previous forecasts that it would peak at 41%. Second, the company sold a Tesco store in order to finance the internalisation break costs, and re-geared three leases, estimated to reduce rental income by £5 million. Third, interest rate expectations have risen such that future debt refinancing when existing hedges mature means the marginal cost of borrowing is around 40 basis points higher than at the time of previous forecasts. Stifel expects dividends to remain fully covered over its three-year forecast horizon, and projecting out a further five years the analysts expect the company to deliver a fully-covered progressive dividend. |
https://www.proactiveinvestors.com |
2025-03-28 12:49:00 |
Czytaj oryginał (ang.) |
| Kadant Rewards Shareholders With 6.3% Dividend Increase |
KAI's measures to consistently reward shareholders through dividends and share buybacks hold promise. |
zacks.com |
2025-03-07 14:15:41 |
Czytaj oryginał (ang.) |
| Kadant Declares Cash Dividend |
WESTFORD, Mass., March 05, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors increased its quarterly cash dividend to stockholders to $0.34 per share to be paid on May 7, 2025 to stockholders of record as of the close of business on April 9, 2025. |
globenewswire.com |
2025-03-05 18:26:00 |
Czytaj oryginał (ang.) |
| Kadant, Inc. (KAI) Q4 2024 Earnings Call Transcript |
Kadant, Inc. (NYSE:KAI ) Q4 2024 Earnings Conference Call February 13, 2025 11:00 AM ET Company Participants Michael McKenney - Executive Vice President & Chief Financial Officer Jeffrey Powell - President, Chief Executive Officer & Director Conference Call Participants Ross Sparenblek - William Blair Kurt Yinger - D.A. Davidson Gary Prestopino - Barrington Walt Liptak - Seaport Research Operator Good day and thank you for standing by. |
seekingalpha.com |
2025-02-13 17:50:17 |
Czytaj oryginał (ang.) |
| Kadant (KAI) Reports Q4 Earnings: What Key Metrics Have to Say |
The headline numbers for Kadant (KAI) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. |
zacks.com |
2025-02-12 22:01:15 |
Czytaj oryginał (ang.) |
| Kadant (KAI) Q4 Earnings Beat Estimates |
Kadant (KAI) came out with quarterly earnings of $2.25 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $2.41 per share a year ago. |
zacks.com |
2025-02-12 21:21:10 |
Czytaj oryginał (ang.) |
| Kadant Reports Fourth Quarter and Fiscal Year 2024 Results |
WESTFORD, Mass., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 28, 2024. |
globenewswire.com |
2025-02-12 18:43:00 |
Czytaj oryginał (ang.) |
| Kadant to Hold Earnings Conference Call on Thursday, February 13, 2025 |
WESTFORD, Mass., Feb. 07, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2024 fourth quarter and full-year results after the market closes on Wednesday, February 12, 2025 and will hold a webcast the next day, Thursday, February 13, 2025 at 11:00 a.m. Eastern Standard Time. During the call the Company will discuss its fourth quarter and full-year financial performance and future expectations. |
globenewswire.com |
2025-02-07 18:13:00 |
Czytaj oryginał (ang.) |
| Kadant Named One of America's Most Responsible Companies for Fifth Consecutive Year |
WESTFORD, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that it was named one of "America's Most Responsible Companies 2025" by Newsweek magazine. This was the fifth year Kadant has been included on the awards list which assesses companies on Environmental, Social, and Corporate Governance (ESG) factors. |
globenewswire.com |
2025-01-21 12:33:00 |
Czytaj oryginał (ang.) |
| Kadant Named to Newsweek's List of America's Greenest Companies 2025 |
WESTFORD, Mass., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today it was named one of "America's Greenest Companies 2025" by Newsweek magazine. The award recognizes 500 companies committed to environmental resource preservation. |
globenewswire.com |
2025-01-06 18:28:00 |
Czytaj oryginał (ang.) |
| Kadant Hosts 2024 Investor Day |
Event Theme: Pioneering Industrial Solutions for a Sustainable Future Presents New Five-Year Financial Goals |
globenewswire.com |
2024-12-12 09:16:00 |
Czytaj oryginał (ang.) |
| Kadant (KAI) Upgraded to Buy: What Does It Mean for the Stock? |
Kadant (KAI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). |
zacks.com |
2024-11-27 15:01:15 |
Czytaj oryginał (ang.) |
| Kadant Declares Cash Dividend |
WESTFORD, Mass., Nov. 14, 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 February 6, 2025 to stockholders of record as of the close of business on January 9, 2025. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change. |
globenewswire.com |
2024-11-14 18:33:00 |
Czytaj oryginał (ang.) |
| Kadant: Favorable Outlook But Share Price Lacks Margin Of Safety (Rating Downgrade) |
Kadant's 3Q24 revenue grew 11% to $272 million, driven by acquisitions and strong aftermarket demand. North America remains a key growth driver, bolstered by robust demand. On the other hand, European and Asian markets face economic headwinds impacting project activity. Strength in aftermarket demand supports stable margins and long-term growth potential across all segments. |
seekingalpha.com |
2024-11-08 07:59:00 |
Czytaj oryginał (ang.) |
| Kadant, Inc. (KAI) Q3 2024 Earnings Call Transcript |
Kadant, Inc. (NYSE:KAI ) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Michael McKenney - Executive VP & CFO Jeffrey Powell - President, CEO & Director Conference Call Participants Gary Prestopino - Barrington Kurt Yinger - D.A. Davidson Ross Sparenblek - William Blair Operator Good day, and thank you for standing by. |
seekingalpha.com |
2024-10-30 16:58:07 |
Czytaj oryginał (ang.) |
| Kadant (KAI) Reports Q3 Earnings: What Key Metrics Have to Say |
Although the revenue and EPS for Kadant (KAI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2024-10-29 21:31:17 |
Czytaj oryginał (ang.) |
| Kadant (KAI) Q3 Earnings and Revenues Top Estimates |
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. |
zacks.com |
2024-10-29 21:01:17 |
Czytaj oryginał (ang.) |
| Kadant Reports Third Quarter 2024 Results |
WESTFORD, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended September 28, 2024. |
globenewswire.com |
2024-10-29 18:43:00 |
Czytaj oryginał (ang.) |
| Kadant to Host 2024 Investor Day |
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. |
globenewswire.com |
2024-10-29 18:14:00 |
Czytaj oryginał (ang.) |
| Kadant to Hold Earnings Conference Call on Wednesday, October 30, 2024 |
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. |
globenewswire.com |
2024-10-24 14:23:00 |
Czytaj oryginał (ang.) |
| Kadant Named to Newsweek's List of America's Greatest Workplaces for Parents and Families 2024 |
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. |
globenewswire.com |
2024-09-09 17:40:00 |
Czytaj oryginał (ang.) |
| Kadant Declares Cash Dividend |
WESTFORD, Mass., Sept. 05, 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 November 7, 2024 to stockholders of record as of the close of business on October 10, 2024. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change. |
globenewswire.com |
2024-09-05 20:33:00 |
Czytaj oryginał (ang.) |
| Kadant (KAI) Q2 Earnings and Revenues Surpass Estimates |
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. |
zacks.com |
2024-07-30 22:55:34 |
Czytaj oryginał (ang.) |
| Kadant Reports Second Quarter 2024 Results |
WESTFORD, Mass., July 30, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended June 29, 2024. |
globenewswire.com |
2024-07-30 20:29:00 |
Czytaj oryginał (ang.) |
| Kadant to Hold Earnings Conference Call on Wednesday, July 31, 2024 |
WESTFORD, Mass., July 25, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2024 second quarter results after the market closes on Tuesday, July 30, 2024 and will hold a webcast the next day, Wednesday, July 31, 2024 at 11:00 a.m. eastern time. During the call the Company will discuss its second quarter financial performance and future expectations. |
globenewswire.com |
2024-07-25 14:19:00 |
Czytaj oryginał (ang.) |
| 7 Short-Squeeze Stocks That Could Beat Down the Bears |
Short-squeeze stocks represent one of the boldest forms of contrarianism available. Simply put, it's a showdown between the bears that are attempting to profit from the downturn of a public enterprise. |
investorplace.com |
2024-07-15 15:57:15 |
Czytaj oryginał (ang.) |
| Kadant Acquires Dynamic Sealing Technologies |
WESTFORD, Mass., June 03, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced it has completed the acquisition of Dynamic Sealing Technologies LLC and affiliates (“DSTI”) for approximately $55 million in cash, subject to certain customary adjustments. |
globenewswire.com |
2024-06-03 15:59:00 |
Czytaj oryginał (ang.) |
| Amalgamated Bank Decreases Stock Position in Kadant Inc. (NYSE:KAI) |
Amalgamated Bank lessened its position in shares of Kadant Inc. (NYSE:KAI – Free Report) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,690 shares of the industrial products company’s stock after selling 66 shares during the period. Amalgamated Bank’s holdings in Kadant were worth $474,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds also recently made changes to their positions in KAI. Headinvest LLC purchased a new stake in Kadant during the third quarter valued at about $25,000. First Horizon Advisors Inc. lifted its stake in shares of Kadant by 37.0% during the 4th quarter. First Horizon Advisors Inc. now owns 185 shares of the industrial products company’s stock valued at $52,000 after buying an additional 50 shares in the last quarter. Financial Management Professionals Inc. bought a new position in Kadant in the 4th quarter worth approximately $54,000. SG Americas Securities LLC purchased a new position in Kadant in the 4th quarter valued at approximately $165,000. Finally, Strs Ohio raised its holdings in Kadant by 200.0% during the 4th quarter. Strs Ohio now owns 600 shares of the industrial products company’s stock valued at $168,000 after acquiring an additional 400 shares during the period. Institutional investors own 96.13% of the company’s stock. Kadant Price Performance Kadant stock opened at $279.02 on Monday. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 29.06 and a beta of 1.30. The company has a quick ratio of 1.27, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. The business has a 50-day simple moving average of $298.69 and a 200 day simple moving average of $287.55. Kadant Inc. has a 52 week low of $186.99 and a 52 week high of $354.02. Kadant (NYSE:KAI – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.38 EPS for the quarter, topping the consensus estimate of $1.96 by $0.42. The company had revenue of $248.98 million during the quarter, compared to analyst estimates of $245.56 million. Kadant had a return on equity of 15.60% and a net margin of 11.53%. Kadant’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.40 earnings per share. On average, research analysts forecast that Kadant Inc. will post 10.01 earnings per share for the current fiscal year. Kadant Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Thursday, July 11th. Kadant’s dividend payout ratio (DPR) is currently 13.33%. Wall Street Analyst Weigh In KAI has been the topic of a number of analyst reports. William Blair reiterated an “outperform” rating on shares of Kadant in a research note on Tuesday, April 30th. Barrington Research reaffirmed an “outperform” rating and set a $360.00 target price on shares of Kadant in a report on Monday, April 29th. Check Out Our Latest Research Report on Kadant Insider Activity In related news, Director Jonathan W. Painter sold 7,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $330.25, for a total value of $2,311,750.00. Following the completion of the transaction, the director now directly owns 7,615 shares in the company, valued at $2,514,853.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jonathan W. Painter sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $330.25, for a total value of $2,311,750.00. Following the completion of the sale, the director now owns 7,615 shares in the company, valued at approximately $2,514,853.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas C. Leonard sold 217 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $323.81, for a total transaction of $70,266.77. Following the transaction, the director now owns 11,080 shares in the company, valued at $3,587,814.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,798 shares of company stock worth $2,899,004. 1.40% of the stock is currently owned by corporate insiders. About Kadant (Free Report) Kadant Inc supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems. See Also Five stocks we like better than Kadant Using the MarketBeat Stock Split Calculator MarketBeat Week in Review – 5/13 – 5/17 High Flyers: 3 Natural Gas Stocks for March 2022 Take-Two Interactive Software Offers 2nd Chance for Investors The How And Why of Investing in Oil Stocks Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook |
https://www.defenseworld.net |
2024-05-20 09:00:57 |
Czytaj oryginał (ang.) |
| Kadant (KAI) Authorizes $50M Worth of Share Buyback Program |
Kadant (KAI) rewards shareholders with a share buyback program worth $50 million. |
zacks.com |
2024-05-17 17:06:06 |
Czytaj oryginał (ang.) |
| Kadant Authorizes Share Repurchase |
WESTFORD, Mass., May 16, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has authorized the repurchase of up to $50 million of its equity securities effective May 16, 2024 through May 16, 2025. Repurchases may be made in public or private transactions, including under Securities Exchange Act Rule 10b-5-1 trading plans. The timing and amount of any repurchases will be at the discretion of Company management and will be based on market conditions and other considerations, including limitations contained in our credit agreement entered into on March 1, 2017, as amended and restated. The Company has not repurchased any shares of its common stock under the $50 million authorization that will expire on May 18, 2024. |
globenewswire.com |
2024-05-16 20:16:00 |
Czytaj oryginał (ang.) |