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Last $42.41 USD
Change Today -2.08 / -4.68%
Volume 40.2K
KAI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

kadant inc (KAI) Snapshot

Open
$43.83
Previous Close
$44.49
Day High
$44.30
Day Low
$42.26
52 Week High
04/15/15 - $56.29
52 Week Low
10/10/14 - $36.15
Market Cap
462.0M
Average Volume 10 Days
55.5K
EPS TTM
$5.19
Shares Outstanding
10.9M
EX-Date
07/14/15
P/E TM
8.2x
Dividend
$0.68
Dividend Yield
1.51%
Current Stock Chart for KADANT INC (KAI)

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kadant inc (KAI) Details

Kadant Inc. supplies equipment used in papermaking, paper recycling, and other process industries primarily in North America, China, and Europe. The company operates in two segments, Papermaking Systems and Wood Processing Systems. The Papermaking Systems segment develops, manufactures, and markets a range of equipment and products, including custom-engineered stock-preparation systems and equipment for the preparation of wastepaper for conversion into recycled paper; fluid-handling systems used primarily in the dryer section of the papermaking process and during the production of corrugated boxboard, metals, plastics, rubber, textiles, chemicals, and food; doctoring systems and equipment, and related consumables to enhance the operation of paper machines; and cleaning and filtration systems for draining, purifying, and recycling process water and cleaning paper machine fabrics and rolls. The Wood Processing Systems segment designs and manufactures stranders and related equipment used in the production of oriented strand board (OSB), an engineered wood panel product used primarily in home construction. This segment also supplies debarking and wood chipping equipment used in the forest products and the pulp and paper industries. The company also produces and sells biodegradable absorbent granules from papermaking byproducts primarily for agricultural, home lawn and garden, and professional lawn, turf, and ornamental applications, as well as for oil and grease absorption. 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: 03/18/15
Founded in 1991

kadant inc (KAI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $496.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $328.0K
Executive Vice President
Total Annual Compensation: $309.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $255.5K
Compensation as of Fiscal Year 2014.

kadant inc (KAI) Key Developments

Kadant Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 04, 2015; Provides Earnings Guidance for the Third Quarter of 2015; Revises Earnings Guidance for the Year 2015

Kadant Inc. announced unaudited consolidated earnings results for the second quarter and six months ended July 04, 2015. For the quarter, the company reported revenue of $98.3 million in the second quarter of 2015, a decrease of $6.5 million, or 6%, compared with $104.8 million in the second quarter of 2014. Operating income from continuing operations increased 5% to $12.6 million in the second quarter of 2015 compared to $12.0 million in the second quarter of 2014. Adjusted operating income, a non-GAAP measure, was $12.9 million in the second quarter of 2015 compared to $12.7 million in the second quarter of 2014. Net income from continuing operations was $8.5 million in the second quarter of 2015, or $0.76 per diluted share, compared to $7.9 million, or $0.70 per diluted share, in the second quarter of 2014. Adjusted net income, a non-GAAP measure, was $8.7 million, or $0.78 per diluted share, in the second quarter of 2015 compared to $8.3 million, or $0.74 per diluted share, in the second quarter of 2014. Income from continuing operations before provision for income taxes was $12,455,000 against $11,868,000 a year ago. Income from continuing operations was $8,541,000 against $7,998,000 a year ago. Net income attributable to the company was $8,464,000 or $0.76 diluted per share against $7,858,000 or $0.70 diluted per share a year ago. Capital expenditures from continuing operations were $1,435,000 against $903,000 a year ago. Cash provided by operations was $14,164,000 against $8,993,000 a year ago. Adjusted EBITDA was $15,645,000 against $15,433,000 a year ago. For the six months, the company reported revenues of $190,578,000 against $198,202,000 a year ago. Operating income was $23,014,000 against $19,657,000 a year ago. Income from continuing operations before provision for income taxes was $22,648,000 against $19,405,000 a year ago. Income from continuing operations was $15,466,000 against $13,183,000 a year ago. Net income from continuing operations was $15,301,000 or $1.37 diluted per share against $12,925,000 or $1.15 diluted per share a year ago. Net income attributable to the company was $15,361,000 or $1.38 diluted per share against $12,911,000 or $1.14 diluted per share a year ago. Adjusted operating income was $23,502,000 against $22,640,000 a year ago. Capital expenditures from continuing operations were $2,651,000 against $1,442,000 a year ago. Cash provided by operations was $9,641,000 against $15,195,000 a year ago. Adjusted EBITDA was $29,058,000 against $28,122,000 a year ago. The company lowering its full year 2015 revenue guidance and now expect full year revenue of $395 to $400 million, revised from its previous guidance of $403 to $410 million. While the company expects that improved operating margins will diminish the impact from the delayed capital shipments, the company narrowing its full year guidance for GAAP diluted EPS from continuing operations to $3.05 to $3.11, revised from its previous guidance of $3.05 to $3.15. The company expects effective tax rate to be approximately 31.5% to 32.5% in 2015. Consolidated product gross margins will be approximately 45% to 46% or 50 basis points higher than the company had guided previously. For the third quarter of 2015, The company expects to achieve GAAP diluted EPS from continuing operations of $0.70 to $0.72 on revenue of $95 to $97 million.

Kadant Inc. to Report Q2, 2015 Results on Aug 05, 2015

Kadant Inc. announced that they will report Q2, 2015 results on Aug 05, 2015

Kadant Inc., Q2 2015 Earnings Call, Aug 06, 2015

Kadant Inc., Q2 2015 Earnings Call, Aug 06, 2015

 

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Industry Analysis

KAI

Industry Average

Valuation KAI Industry Range
Price/Earnings 15.9x
Price/Sales 1.2x
Price/Book 1.8x
Price/Cash Flow 15.5x
TEV/Sales 1.0x
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