Last $46.35 USD
Change Today +2.11 / 4.77%
Volume 76.8K
KAI On Other Exchanges
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As of 3:47 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

kadant inc (KAI) Snapshot

Open
$44.29
Previous Close
$44.24
Day High
$46.36
Day Low
$44.10
52 Week High
03/2/15 - $46.36
52 Week Low
04/30/14 - $33.30
Market Cap
504.6M
Average Volume 10 Days
57.3K
EPS TTM
$4.96
Shares Outstanding
10.9M
EX-Date
01/14/15
P/E TM
9.4x
Dividend
$0.60
Dividend Yield
1.30%
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: 02/25/15
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. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 03, 2015; Provides Earnings Guidance for the First Quarter and Full Year 2015

Kadant Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended January 03, 2015. For the quarter, the company reported revenues of $105,206,000 against $94,815,000 a year ago. Operating income was $12,278,000 against $7,594,000 a year ago. Income from continuing operations before provision for income taxes was $12,130,000 against $7,546,000 a year ago. Income from continuing operations was $9,151,000 against $6,016,000 a year ago. Net income to the company was $9,101,000 or $0.82 diluted per share against $5,928,000 or $0.52 diluted per share a year ago. Net income attributable from continuing operations attributable to the company was $9,106,000 or $0.82 diluted per share against $5,935,000 or $0.52 diluted per share a year ago. Adjusted operating income was $12,195,000 against $9,286,000 a year ago. Capital expenditures from continuing operations were $3,610,000 against $2,112,000 a year ago. Cash provided by operations was $18,465,000 against $9,238,000 a year ago. Adjusted EBITDA was $16,029,000 against $13,224,000 a year ago. Adjusted net income, a non-GAAP measure, was $9.0 million, or $0.81 per diluted share, in the fourth quarter of 2014 compared to $7.2 million, or $0.63 per diluted share, in the fourth quarter of 2013. The increase of $0.30 in diluted EPS consists of the following: $0.30 from higher revenue, $0.07 due to higher gross margin and $0.02 due to lower weighted average shares outstanding. For the year, the company reported revenues of $402,127,000 against $344,499,000 a year ago. Operating income was $42,086,000 against $33,303,000 a year ago. Income from continuing operations before provision for income taxes was $41,518,000 against $33,026,000 a year ago. Income from continuing operations was $29,071,000 against $23,710,000 a year ago. Net income to the company was $28,659,000 or $2.56 diluted per share against $23,419,000 or $2.07 diluted per share a year ago. Net income attributable from continuing operations attributable to the company was $28,682,000 or $2.56 diluted per share against $23,481,000 or $2.07 diluted per share a year ago. Adjusted operating income was $45,520,000 against $36,048,000 a year ago. Capital expenditures from continuing operations were $6,755,000 against $6,261,000 a year ago. Cash provided by operations was $48,867,000 against $39,935,000 a year ago. Adjusted EBITDA was $56,294,000 against $44,711,000 a year ago. Adjusted net income, a non-GAAP measure, was $31.2 million, or $2.78 per diluted share, in 2014 compared to $25.4 million, or $2.24 per diluted share, in 2013. The increase of $0.49 in diluted EPS consists of the following: increase of $0.57 due to higher revenue, $0.38 from the combined effects of the operating results of the acquisitions and lower acquisition transaction expenses and $0.03 due to lower shares outstanding. For the first quarter of 2015, the company expects to achieve GAAP diluted EPS from continuing operations of $0.57 to $0.59, including $0.01 of restructuring costs and $0.01 of expense related to acquired inventory and backlog, on revenue of $94 to $96 million. For the full year 2015, the company expects to achieve GAAP diluted EPS from continuing operations of $3.05 to $3.15 in 2015 on revenue of $413 to $423 million. The 2015 guidance includes an unfavorable foreign currency translation effect of $17 million on revenue and $0.12 on diluted EPS compared to 2014. The company expects that effective tax rate will be approximately 33% to 34% in 2015, up from 30% in 2014.

Kadant Inc. to Report Q4, 2014 Results on Feb 25, 2015

Kadant Inc. announced that they will report Q4, 2014 results on Feb 25, 2015

Kadant Inc., Q4 2014 Earnings Call, Feb 26, 2015

Kadant Inc., Q4 2014 Earnings Call, Feb 26, 2015

 

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KAI

Industry Average

Valuation KAI Industry Range
Price/Earnings 17.3x
Price/Sales 1.2x
Price/Book 1.8x
Price/Cash Flow 16.8x
TEV/Sales 1.0x
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