Kadant Declares Cash Dividend
Dividend Announcement: Kadant Inc. has declared a quarterly cash dividend of $0.32 per share, set to be paid on November 7, 2024, to stockholders recorded by October 10, 2024, with future dividends subject to Board approval.
Company Overview and Risks: Kadant Inc. is a global supplier focused on sustainable industrial processing, facing various risks including economic conditions, competition, supply chain issues, and regulatory changes that may impact its financial performance.
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Kadant Enters Agreement to Acquire voestalpine BÖHLER Profil
- Acquisition Agreement: Kadant has announced a definitive agreement to acquire Austria-based voestalpine BÖHLER Profil GmbH & Co KG, expected to close in the first quarter of 2026, marking a strategic expansion in the industrial processing sector.
- Financing Strategy: The acquisition will primarily be financed through Kadant's revolving credit facility, demonstrating the company's flexibility in capital management and financial strategy.
- Business Integration Plan: Upon closing, voestalpine BÖHLER Profil will become part of Kadant's Industrial Processing reporting segment and will be renamed Kadant Profil GmbH & Co KG, which is expected to enhance Kadant's competitive position in high-end industrial applications.
- Focus on Industry Specialization: voestalpine BÖHLER Profil specializes in near-net-shape rolling, delivering high-quality niche solutions, and the acquisition will further enrich Kadant's product offerings to meet the demanding needs of the industrial sector.
Kadant Inc. Reports Lower Q3 Profit, Exceeding Expectations
Earnings Performance: Kadant Inc. reported third-quarter earnings of $27.72 million ($2.35 per share), a decrease from $31.59 million ($2.68 per share) last year, but exceeded analysts' expectations of $2.16 per share.
Adjusted Earnings: Excluding special items, the company posted adjusted earnings of $30.57 million or $2.59 per share for the quarter.
Revenue Comparison: The company's revenue remained relatively stable, falling slightly to $271.57 million from $271.61 million in the previous year.
Future Guidance: Kadant Inc. provided guidance for the next quarter with EPS expected between $2.05 - $2.25 and revenue between $270 million - $280 million, while revising full-year revenue guidance to $1.036 billion - $1.046 billion.
Barrington Research Reaffirms Outperform Rating for Kadant with $380 Price Target
Fastest News Alerts: Benzinga Pro offers real-time intelligence to help traders stay updated and make informed decisions in the stock market.
Exclusive Stories: The platform provides unique stories and insights generated by Benzinga reporters, enhancing the trading experience for its users.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, benefiting from shared knowledge and resources.
Market Intelligence: Benzinga Pro is positioned as a source for the most accurate and timely stock market intelligence available.
Kadant to Host Earnings Conference Call on Wednesday, October 29, 2025
Earnings Release Announcement: Kadant Inc. will release its third quarter results for 2025 on October 28, 2025, after market close, with a subsequent webcast scheduled for October 29, 2025, at 11:00 a.m. Eastern Time.
Webcast Participation: Interested participants can join the live call and Q&A session by registering on the company's website, with a replay available until November 28, 2025.
Company Overview: Kadant is a global supplier of technologies and engineered systems focused on sustainable industrial processing, enhancing efficiency and productivity in process industries.
Contact Information: For investor and media inquiries, Kadant provides contact details for Michael McKenney and Wes Martz, both reachable at the same phone number and email format.
Kadant Purchases Clyde Industries for $175 Million in Cash Transaction
Acquisition Details: Kadant has completed the acquisition of Clyde Industries Holdings for $175 million in an all-cash deal, financed through its revolving credit facility.
Clyde Industries Overview: Founded in 1924 and headquartered in Atlanta, Clyde Industries specializes in boiler efficiency and cleaning technologies, employing around 400 people and generating $92 million in revenue for the fiscal year ending February 28, 2025.
Analysts' Projections for Kadant's Outlook
Analyst Ratings Overview: In the past three months, four analysts have provided ratings on Kadant, with a mix of bullish and bearish sentiments, resulting in a total of three somewhat bullish and one indifferent rating. The average 12-month price target is $360.00, reflecting a slight increase from the previous target.
Company Financial Performance: Kadant has experienced a revenue decline of approximately 7.1% over the last three months, positioning it below industry averages. However, it maintains strong financial health with a net margin of 10.25%, a return on equity (ROE) of 2.9%, and a return on assets (ROA) of 1.79%.
Debt Management: The company demonstrates effective debt management with a debt-to-equity ratio of 0.27, which is below industry norms, indicating a balanced approach to leveraging.
Analyst Insights: Analyst ratings are crucial for stock performance predictions, as they analyze financial statements and market conditions. These ratings help investors make informed decisions regarding Kadant's stock based on expert evaluations.
Kadant Enters Agreement to Acquire voestalpine BÖHLER Profil
- Acquisition Agreement: Kadant has announced a definitive agreement to acquire Austria-based voestalpine BÖHLER Profil GmbH & Co KG, expected to close in the first quarter of 2026, marking a strategic expansion in the industrial processing sector.
- Financing Strategy: The acquisition will primarily be financed through Kadant's revolving credit facility, demonstrating the company's flexibility in capital management and financial strategy.
- Business Integration Plan: Upon closing, voestalpine BÖHLER Profil will become part of Kadant's Industrial Processing reporting segment and will be renamed Kadant Profil GmbH & Co KG, which is expected to enhance Kadant's competitive position in high-end industrial applications.
- Focus on Industry Specialization: voestalpine BÖHLER Profil specializes in near-net-shape rolling, delivering high-quality niche solutions, and the acquisition will further enrich Kadant's product offerings to meet the demanding needs of the industrial sector.
Kadant Inc. Reports Lower Q3 Profit, Exceeding Expectations
Earnings Performance: Kadant Inc. reported third-quarter earnings of $27.72 million ($2.35 per share), a decrease from $31.59 million ($2.68 per share) last year, but exceeded analysts' expectations of $2.16 per share.
Adjusted Earnings: Excluding special items, the company posted adjusted earnings of $30.57 million or $2.59 per share for the quarter.
Revenue Comparison: The company's revenue remained relatively stable, falling slightly to $271.57 million from $271.61 million in the previous year.
Future Guidance: Kadant Inc. provided guidance for the next quarter with EPS expected between $2.05 - $2.25 and revenue between $270 million - $280 million, while revising full-year revenue guidance to $1.036 billion - $1.046 billion.
Barrington Research Reaffirms Outperform Rating for Kadant with $380 Price Target
Fastest News Alerts: Benzinga Pro offers real-time intelligence to help traders stay updated and make informed decisions in the stock market.
Exclusive Stories: The platform provides unique stories and insights generated by Benzinga reporters, enhancing the trading experience for its users.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, benefiting from shared knowledge and resources.
Market Intelligence: Benzinga Pro is positioned as a source for the most accurate and timely stock market intelligence available.
Kadant to Host Earnings Conference Call on Wednesday, October 29, 2025
Earnings Release Announcement: Kadant Inc. will release its third quarter results for 2025 on October 28, 2025, after market close, with a subsequent webcast scheduled for October 29, 2025, at 11:00 a.m. Eastern Time.
Webcast Participation: Interested participants can join the live call and Q&A session by registering on the company's website, with a replay available until November 28, 2025.
Company Overview: Kadant is a global supplier of technologies and engineered systems focused on sustainable industrial processing, enhancing efficiency and productivity in process industries.
Contact Information: For investor and media inquiries, Kadant provides contact details for Michael McKenney and Wes Martz, both reachable at the same phone number and email format.
Kadant Purchases Clyde Industries for $175 Million in Cash Transaction
Acquisition Details: Kadant has completed the acquisition of Clyde Industries Holdings for $175 million in an all-cash deal, financed through its revolving credit facility.
Clyde Industries Overview: Founded in 1924 and headquartered in Atlanta, Clyde Industries specializes in boiler efficiency and cleaning technologies, employing around 400 people and generating $92 million in revenue for the fiscal year ending February 28, 2025.
Analysts' Projections for Kadant's Outlook
Analyst Ratings Overview: In the past three months, four analysts have provided ratings on Kadant, with a mix of bullish and bearish sentiments, resulting in a total of three somewhat bullish and one indifferent rating. The average 12-month price target is $360.00, reflecting a slight increase from the previous target.
Company Financial Performance: Kadant has experienced a revenue decline of approximately 7.1% over the last three months, positioning it below industry averages. However, it maintains strong financial health with a net margin of 10.25%, a return on equity (ROE) of 2.9%, and a return on assets (ROA) of 1.79%.
Debt Management: The company demonstrates effective debt management with a debt-to-equity ratio of 0.27, which is below industry norms, indicating a balanced approach to leveraging.
Analyst Insights: Analyst ratings are crucial for stock performance predictions, as they analyze financial statements and market conditions. These ratings help investors make informed decisions regarding Kadant's stock based on expert evaluations.
