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Last $54.44 USD
Change Today -0.51 / -0.94%
Volume 7.6K
KAI On Other Exchanges
Symbol
Exchange
Berlin
As of 10:02 AM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

kadant inc (KAI) Snapshot

Open
$55.00
Previous Close
$54.95
Day High
$55.12
Day Low
$54.34
52 Week High
04/15/15 - $56.29
52 Week Low
04/30/14 - $33.30
Market Cap
596.0M
Average Volume 10 Days
54.7K
EPS TTM
$4.97
Shares Outstanding
10.9M
EX-Date
04/14/15
P/E TM
11.0x
Dividend
$0.68
Dividend Yield
1.14%
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 Financial Officer and Executive Vice Pr...
Total Annual Compensation: $343.0K
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 Executive Changes

Kadant Inc. announced that Michael J. McKenney has been named as Senior Vice President and Chief Financial Officer effective June 30, 2015, succeeding Thomas M. O’Brien, whose planned retirement as Chief Financial Officer was announced in September 2014. Mr. McKenney is currently the company’s Vice President, Finance and Chief Accounting Officer, and will be succeeded by Ms. Deborah S. Selwood who has been named Vice President and Chief Accounting Officer effective June 30, 2015. Ms. Selwood is currently the company’s Corporate Controller. Mr. McKenney has been the company’s Vice President, Finance and Chief Accounting Officer since 2002, and previously served as Corporate Controller from 1997 to 2002.

Kadant Inc. Declares Quarterly Dividend, Payable on May 14, 2015

Kadant Inc. announced that its Board of Directors approved a quarterly cash dividend to stockholders of $0.17 per share to be paid on May 14, 2015 to stockholders of record as of the close of business on April 16, 2015.

Kadant Seeks Acquisitions

Jonathan Painter, President and Chief Executive Officer of Kadant Inc. (NYSE:KAI) said in the fourth quarter earnings call, "OSB Wood Processing business is done great for us. I'm very bullish on housing as we have talked about. I would love to find kind of a follow-on or acquisitions kind of increase our exposure to that marketplace. We've looked at stuff, we just haven't found things that fit us just right yet, but it is an area we are looking at actively."

 

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Industry Analysis

KAI

Industry Average

Valuation KAI Industry Range
Price/Earnings 21.2x
Price/Sales 1.5x
Price/Book 2.2x
Price/Cash Flow 20.8x
TEV/Sales 1.3x
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