Latest news with #Kadant
Business Insider
2 days ago
- Business
- Business Insider
William Blair Reaffirms Their Buy Rating on Kadant (KAI)
In a report released today, Ross Sparenblek from William Blair maintained a Buy rating on Kadant (KAI – Research Report). The company's shares closed today at $320.49. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Sparenblek covers the Industrials sector, focusing on stocks such as MSA Safety, SPX, and Mayville Engineering Company. According to TipRanks, Sparenblek has an average return of 12.1% and a 76.00% success rate on recommended stocks. Kadant has an analyst consensus of Moderate Buy, with a price target consensus of $327.50. KAI market cap is currently $3.62B and has a P/E ratio of 32.59. Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KAI in relation to earlier this year. Most recently, in March 2025, Thomas Andrew Blanchard, the VP of KAI sold 325.00 shares for a total of $111,016.75.
Yahoo
28-05-2025
- Business
- Yahoo
Kadant Awarded $18 Million in Orders for Wood Processing Systems
WESTFORD, Mass., May 28, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it received orders with a combined value of $18 million from three lumber producers in North America and Europe since its first quarter earnings call. The capital equipment orders are expected to ship between the end of 2025 and the third quarter of 2026. The equipment and technologies to be supplied will be used to debark, strand, chip, and batch feed whole logs and lumber wastewood to produce oriented strand board (OSB) and dimensional lumber. Smart technology systems developed by Kadant will further optimize the wood processing operations by leveraging key data in the production process. 'We are pleased to have been selected as the preferred supplier to provide the wood processing systems for these significant projects, which reinforces our leading position in debarking, stranding, and chipping equipment used in OSB and lumber production,' said Jeffrey L. Powell, president and chief executive officer of Kadant Inc. 'In addition to the high-performance processing equipment, these orders include our embedded smart technology, optimizing productivity across the entire system." About KadantKadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing®. The Company's products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 3,500 employees in 20 countries worldwide. For more information, visit Safe Harbor StatementThe following constitutes a 'Safe Harbor' statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about our future financial and operating performance, demand for our products, and economic and industry outlook. These forward-looking statements represent our expectations as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading 'Risk Factors' in Kadant's Annual Report on Form 10-K for the fiscal year ended December 28, 2024 and subsequent filings with the Securities and Exchange Commission. These include risks and uncertainties relating to adverse changes in global and local economic conditions; the variability and difficulty in accurately predicting revenues from large capital equipment and systems projects; our acquisition strategy; levels of residential construction activity; reductions by our wood processing customers of their capital spending or production of oriented strand board; changes to the global timber supply; development and use of digital media; cyclical economic conditions affecting the global mining industry; demand for coal, including economic and environmental risks associated with coal; failure of our information systems or breaches of data security and cybersecurity incidents; implementation of our internal growth strategy; competition; our ability to successfully manage our manufacturing operations; supply chain constraints, inflationary pressure, price increases or shortages in raw materials; loss of key personnel and effective succession planning; future restructurings; protection of intellectual property; changes to tax laws and regulations; climate change; adequacy of our insurance coverage; global operations; policies of the Chinese government; the variability and uncertainties in sales of capital equipment in China; currency fluctuations; changes to government regulations and policies around the world; compliance with government regulations and policies and compliance with laws; environmental laws and regulations; environmental, health and safety laws and regulations impacting the mining industry; our debt obligations; restrictions in our credit agreement and note purchase agreement; soundness of financial institutions; fluctuations in our share price; and anti-takeover provisions. ContactsInvestor Contact Information:Michael McKenney, 978-776-2000IR@ Media Contact Information:Wes Martz, 269-278-1715media@
Yahoo
27-05-2025
- Business
- Yahoo
Spotting Winners: Kadant (NYSE:KAI) And General Industrial Machinery Stocks In Q1
As the Q1 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the general industrial machinery industry, including Kadant (NYSE:KAI) and its peers. Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand for general industrial machinery companies. Those who innovate and create digitized solutions can spur sales and speed up replacement cycles, but all general industrial machinery companies are still at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. The 14 general industrial machinery stocks we track reported a mixed Q1. As a group, revenues missed analysts' consensus estimates by 1.5% while next quarter's revenue guidance was 1.5% below. In light of this news, share prices of the companies have held steady as they are up 4.8% on average since the latest earnings results. Headquartered in Massachusetts, Kadant (NYSE:KAI) is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. Kadant reported revenues of $239.2 million, down 3.9% year on year. This print was in line with analysts' expectations, but overall, it was a slower quarter for the company with full-year EPS guidance missing analysts' expectations. Management Commentary'Our first quarter results were in line with expectations across most financial metrics despite the increasing geopolitical and trade uncertainties,' said Jeffrey L. Powell, president and chief executive officer of Kadant Inc. Unsurprisingly, the stock is down 3.2% since reporting and currently trades at $305.08. Read our full report on Kadant here, it's free. With its magnesium alloys used in the construction of the famous Spirit of St. Louis aircraft, Luxfer (NYSE:LXFR) offers specialized materials, components, and gas containment devices to various industries. Luxfer reported revenues of $97 million, up 8.5% year on year, outperforming analysts' expectations by 11.9%. The business had an incredible quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. Luxfer scored the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 11.9% since reporting. It currently trades at $11.18. Is now the time to buy Luxfer? Access our full analysis of the earnings results here, it's free. Founded in 1987, Icahn Enterprises (NASDAQ: IEP) is a diversified holding company primarily engaged in investment and asset management across various sectors. Icahn Enterprises reported revenues of $1.87 billion, down 24.6% year on year, falling short of analysts' expectations by 29%. It was a disappointing quarter as it posted a significant miss of analysts' EPS estimates. Icahn Enterprises delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 1.5% since the results and currently trades at $8.60. Read our full analysis of Icahn Enterprises's results here. Credited with inventing the first hydraulic passenger elevator, Otis Worldwide (NYSE:OTIS) is an elevator and escalator manufacturing, installation and service company. Otis reported revenues of $3.35 billion, down 2.5% year on year. This print was in line with analysts' expectations. More broadly, it was a slower quarter as it recorded a miss of analysts' organic revenue and EBITDA estimates. The stock is down 2.1% since reporting and currently trades at $96.78. Read our full, actionable report on Otis here, it's free. One of the original 12 companies on the Dow Jones Industrial Average, General Electric (NYSE:GE) is a multinational conglomerate providing technologies for various sectors including aviation, power, renewable energy, and healthcare. GE Aerospace reported revenues of $9.94 billion, up 10.9% year on year. This number topped analysts' expectations by 1.7%. It was a very strong quarter as it also produced an impressive beat of analysts' EBITDA estimates. The stock is up 31.8% since reporting and currently trades at $235.10. Read our full, actionable report on GE Aerospace here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
Yahoo
15-05-2025
- Business
- Yahoo
Kadant Authorizes Share Repurchase
WESTFORD, Mass., May 15, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has authorized the repurchase of up to $50 million of its equity securities effective May 15, 2025 through May 15, 2026. Repurchases may be made in public or private transactions, including under Securities Exchange Act Rule 10b-5-1 trading plans. The timing and amount of any repurchases will be at the discretion of Company management and will be based on market conditions and other considerations, including limitations contained in our credit agreement entered into on March 1, 2017, as amended and restated. The Company has not repurchased any shares of its common stock under the $50 million authorization that will expire on May 16, 2025. About KadantKadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing®. The Company's products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 3,500 employees in 20 countries worldwide. For more information, visit Safe Harbor StatementThe following constitutes a 'Safe Harbor' statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about our business, financial performance and any plans to repurchase our equity securities. These forward-looking statements represent our expectations as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading 'Risk Factors' in Kadant's Annual Report on Form 10-K for the fiscal year ended December 28, 2024 and subsequent filings with the Securities and Exchange Commission. These include risks and uncertainties relating to adverse changes in global and local economic conditions; the variability and difficulty in accurately predicting revenues from large capital equipment and systems projects; our acquisition strategy; levels of residential construction activity; reductions by our wood processing customers of their capital spending or production of oriented strand board; changes to the global timber supply; development and use of digital media; cyclical economic conditions affecting the global mining industry; demand for coal, including economic and environmental risks associated with coal; failure of our information systems or breaches of data security and cybersecurity incidents; implementation of our internal growth strategy; competition; our ability to successfully manage our manufacturing operations; supply chain constraints, inflationary pressure, price increases or shortages in raw materials; loss of key personnel and effective succession planning; future restructurings; protection of intellectual property; changes to tax laws and regulations; climate change; adequacy of our insurance coverage; global operations; policies of the Chinese government; the variability and uncertainties in sales of capital equipment in China; currency fluctuations; changes to government regulations and policies around the world; compliance with government regulations and policies and compliance with laws; environmental laws and regulations; environmental, health and safety laws and regulations impacting the mining industry; our debt obligations; restrictions in our credit agreement and note purchase agreement; soundness of financial institutions; fluctuations in our share price; and anti-takeover provisions. ContactsInvestor Contact Information:Michael McKenney, 978-776-2000IR@ orMedia Contact Information:Wes Martz, 269-278-1715media@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
KAI Q1 Earnings Call: Tariffs and Capital Project Delays Weigh on Revised Outlook
Industrial equipment manufacturer Kadant (NYSE:KAI) met Wall Street's revenue expectations in Q1 CY2025, but sales fell by 3.9% year on year to $239.2 million. The company expects next quarter's revenue to be around $246.5 million, close to analysts' estimates. Its non-GAAP profit of $2.10 per share was 6.6% above analysts' consensus estimates. Is now the time to buy KAI? Find out in our full research report (it's free). Revenue: $239.2 million vs analyst estimates of $239.4 million (3.9% year-on-year decline, in line) Adjusted EPS: $2.10 vs analyst estimates of $1.97 (6.6% beat) Adjusted EBITDA: $47.92 million vs analyst estimates of $48.63 million (20% margin, 1.5% miss) The company dropped its revenue guidance for the full year to $1.03 billion at the midpoint from $1.05 billion, a 2.1% decrease Management lowered its full-year Adjusted EPS guidance to $9.15 at the midpoint, a 7.3% decrease Operating Margin: 14.9%, in line with the same quarter last year Free Cash Flow Margin: 7.9%, up from 6.7% in the same quarter last year Market Capitalization: $3.77 billion Kadant's first quarter results reflected the continued resilience of its aftermarket parts business despite a challenging macroeconomic environment, particularly in capital equipment. Management highlighted that aftermarket bookings reached a record $190 million, representing 74% of total bookings, as customers delayed investing in new equipment but increased spending on maintenance. CEO Jeff Powell noted, 'Our aftermarket parts revenue made up 75% of Q1 revenue and was up 5% to a record $179 million.' The company's decentralized operating model and strong execution helped maintain gross margin performance even as capital shipments slowed, especially in the Industrial Processing segment. Looking ahead, management cited heightened uncertainty from newly imposed tariffs and shifting global trade policies as key factors behind the lower full-year revenue and earnings guidance. CFO Michael McKenney explained that tariffs on steel, aluminum, and China imports are expected to raise material costs by $5–6 million in 2025, with most of the impact in the second and third quarters. He cautioned that delays in customer decision-making for capital projects could further push revenue into next year, stating, 'We may end up having a great booking year on capital, but it may come in later, late enough that it causes the revenue to go into '26.' Kadant's leadership addressed how ongoing tariff and trade policy uncertainty, along with softer capital equipment demand, shaped the quarter's operational and financial results. Management emphasized the strength of recurring aftermarket revenue and outlined concrete steps to mitigate supply chain and input cost risks. Aftermarket Parts Demand: The record level of aftermarket bookings was attributed to customers extending the life of existing equipment, increasing demand for maintenance components as capital investment is deferred. Tariff Impact and Mitigation: Management detailed the operational response to new tariffs, including supplier diversification and cost-sharing with customers. CFO Michael McKenney noted, 'We believe we'll be able to mitigate the impact of the steel price increase by working with our suppliers and cost sharing with our customers.' Segment Variation: Flow Control performed well, supported by North American demand and contributions from recent acquisitions. In contrast, Industrial Processing experienced a sharp decline in capital shipments, while Material Handling saw stable aftermarket demand but flat capital equipment orders. Order Timing Uncertainty: Management reported that no major projects had been canceled, but many have been delayed as customers await clarity on tariffs, causing uncertainty in revenue recognition timing. Geographic Diversification: Kadant's global manufacturing footprint was presented as a strategic advantage, allowing the company to adjust sourcing and serve shifting customer needs in response to evolving trade policies. Management expects continued volatility in capital equipment demand due to tariff-related uncertainty and the timing of large project awards, while relying on aftermarket parts for near-term stability. Tariff-Driven Cost Pressure: The company expects incremental material costs from tariffs through mid-year, with efforts underway to offset these via supply chain adjustments, surcharges, and operational changes. Capital Project Timing: Future revenue growth will depend on the timing of deferred capital equipment orders; if projects are delayed further, some revenue may shift into next year despite a healthy project pipeline. Aftermarket Stability: The installed base's age and maintenance needs are likely to sustain strong aftermarket parts demand, which management believes will help offset capital market volatility. Ross Sparenblek (William Blair): Asked about the risk of further capital order deferrals and overall project funnel health. Management stated no cancellations have occurred, but delays could push revenue into 2026 if uncertainty persists. Gary Prestopino (Barrington): Questioned whether capital project delays could turn into cancellations. CEO Jeff Powell responded that permanent cancellations are rare, with most projects resuming once uncertainty eases. Kurt Yinger (D.A. Davidson): Inquired about the level of capital bookings required to meet back-half guidance targets. CFO Michael McKenney explained a 15–20% increase in order flow is needed, with timing critical for recognizing revenue in 2025. Walt Liptak (Seaport Research): Sought clarification on the composition and mitigation of the estimated $5–6 million tariff impact. Management outlined that direct tariff costs are being addressed through surcharges and supply chain shifts, though full mitigation will take time. Kurt Yinger (D.A. Davidson): Asked about exposure of Canadian-manufactured products to tariffs if trade agreements change. Management confirmed current protection under USMCA, but acknowledged a potential future impact if policies shift. Looking ahead, the StockStory team will monitor (1) the pace of capital project awards and whether deferred orders materialize as expected, (2) the company's progress in mitigating tariff-related costs through supplier changes and pricing actions, and (3) the sustainability of record aftermarket parts demand as customers continue to extend equipment lifecycles. We will also watch for any shifts in global trade policy or macroeconomic trends that could affect project timing or cost structures. Kadant currently trades at a forward P/E ratio of 31.6×. Is the company at an inflection point that warrants a buy or sell? The answer lies in our free research report. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
