Page 3 - Industrial Processing News Today

Kadant (NYSE:KAI – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $9.75 to $10.05 for the period, compared to the consensus estimate of $9.94. The company issued revenue guidance of $1.04 billion to $1.065 billion, compared to the consensus revenue estimate of $967.52 million. […]

Kadant (NYSE:KAI – Get Free Report) issued an update on its first quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.900-2.000 for the period, compared to the consensus estimate of 2.290. The company issued revenue guidance of $238.0 million-$246.0 million, compared to the consensus revenue estimate of […]

Loomis Sayles & Co. L P cut its holdings in Kadant Inc. (NYSE:KAI – Free Report) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,502 shares of the industrial products company’s stock after selling 12,187 shares during the […]

Kadant Inc. (NYSE:KAI – Get Free Report) shares rose 8.3% during mid-day trading on Thursday . The stock traded as high as $344.94 and last traded at $341.00. Approximately 20,373 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 79,711 shares. The stock had previously closed at $315.01. […]

Despite Net Income Dip, Company Sees Strong Performance in Adjusted Metrics

WESTFORD, Mass., Feb. 14, 2024 -- Kadant Inc. reported its financial results for the fourth quarter and fiscal year ended December 30, 2023. Fourth Quarter Financial Highlights   Revenue...

Kadant Inc. (NYSE:KAI – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $297.17 and last traded at $296.85, with a volume of 42742 shares. The stock had previously closed at $294.90. Analysts Set New Price Targets Separately, StockNews.com lowered Kadant from a […]

Argent Trust Co purchased a new position in Kadant Inc. (NYSE:KAI – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 888 shares of the industrial products company’s stock, valued at approximately $200,000. Other hedge funds have also bought and sold shares of […]

WESTFORD, Mass., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) has completed its previously announced acquisition of Key Knife, Inc. and...

Kadant Inc (NYSE: KAI) disclosed a deal to acquire Key Knife, Inc.