Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. Its products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with approximately 2,600 employees in 20 countries worldwide.
Company profile
Ticker
KAI
Exchange
Website
CEO
Jeffrey Powell
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
THERMO FIBERTEK INC
SEC CIK
Corporate docs
Subsidiaries
Arcline Products LLC • Kadant Black Clawson LLC • Sundance Partners LLC • Verus Lebanon, LLC • Kadant Fibergen Inc. • Kadant GranTek Inc. • Kadant Composites LLC • Kadant International Holdings LLC • Kadant Asia Holdings Inc. • Kadant Fiberline (China) Co., Ltd. ...
IRS number
521762325
KAI stock data
Calendar
11 May 22
2 Jul 22
31 Dec 22
Financial summary
| Quarter (USD) | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
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| Diluted EPS |
| Annual (USD) | Jan 22 | Jan 21 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 88.97M | 88.97M | 88.97M | 88.97M | 88.97M | 88.97M |
| Cash burn (monthly) | 1.73M | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 5.25M | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 83.73M | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 48.4 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Jun 22 | Painter Jonathan W | Common Stock | Option exercise | Acquire M | No | No | 0 | 471 | 0 | 13,277 |
| 1 Jun 22 | Painter Jonathan W | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 471 | 0 | 470 |
| 1 Jun 22 | Leonard Thomas C | Common Stock | Option exercise | Acquire M | No | No | 0 | 471 | 0 | 10,900 |
| 1 Jun 22 | Leonard Thomas C | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 471 | 0 | 470 |
| 1 Jun 22 | Tully William P | Common Stock | Option exercise | Acquire M | No | No | 0 | 471 | 0 | 3,851 |
| 1 Jun 22 | Tully William P | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 471 | 0 | 470 |
| 1 Jun 22 | Russell Erin L | Common Stock | Option exercise | Acquire M | No | No | 0 | 471 | 0 | 4,523 |
| 1 Jun 22 | Russell Erin L | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 471 | 0 | 470 |
| 1 Jun 22 | Albertine John M | Common Stock | Option exercise | Acquire M | No | No | 0 | 471 | 0 | 8,013 |
| 1 Jun 22 | Albertine John M | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 471 | 0 | 470 |
Institutional ownership, Q1 2022
94.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 179 |
| Opened positions | 26 |
| Closed positions | 27 |
| Increased positions | 51 |
| Reduced positions | 62 |
| 13F shares | Current |
|---|---|
| Total value | 2.13B |
| Total shares | 10.96M |
| Total puts | 0 |
| Total calls | 13.7K |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Wasatch Advisors | 1.61M | $312.4M |
| ATAC Neuberger Berman | 826.14K | $160.43M |
| BLK Blackrock | 781.55K | $151.77M |
| Vanguard | 596.59K | $115.85M |
| Capital International Investors | 567.17K | $110.14M |
| Chevy Chase Trust | 449.9K | $87.37M |
| Royce & Associates | 447.45K | $86.89M |
| Dimensional Fund Advisors | 424.11K | $82.36M |
| Allspring Global Investments | 421.69K | $81.89M |
| MCQEF Macquarie | 404.4K | $78.53M |
Financial report summary
?Management Discussion
- When we use the terms “we,” “us,” “our,” and the “Company,” we mean Kadant Inc., a Delaware corporation, and its consolidated subsidiaries, taken as a whole, unless the context otherwise indicates.
- This Quarterly Report on Form 10-Q and the documents we incorporate by reference in this report include forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act), and Section 27A of the Securities Act of 1933, as amended. These forward-looking statements are not statements of historical fact and may include statements regarding possible or assumed future results of operations. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of our management, using information currently available to our management. When we use words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "seeks," "should," "likely," "will," "would," "may," "continue," "could," or similar expressions, we are making forward-looking statements.
- Forward-looking statements are not guarantees of performance. They involve risks, uncertainties, and assumptions. Our future results of operations may differ materially from those expressed in the forward-looking statements. Many of the important factors that will determine these results and values are beyond our ability to control or predict. You should not put undue reliance on any forward-looking statements. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. For a discussion of important factors that may cause our actual results to differ materially from those suggested by the forward-looking statements, you should read carefully Risk Factors included in Part II, Item 1A, of this report and Part I, Item 1A, of our Annual Report on Form 10-K for the fiscal year ended January 1, 2022, as filed with the Securities and Exchange Commission (SEC) and as may be further amended and/or restated in subsequent filings with the SEC.
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
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New words:
acquiree, adequately, aluminum, amid, aspect, assessment, attack, broader, building, CDOR, challenged, challenging, collect, Commerce, compete, competitively, conflict, conserve, construction, consumer, consuming, core, costly, COVID, cyberattack, decide, degree, delivery, difficult, diligently, disease, disrupted, disruption, distancing, divided, double, element, emerge, emerging, environment, escalating, Eurocurrency, evolve, evolved, evolving, export, fewer, focused, foundational, free, geopolitical, heightening, hospitalization, imposition, indemnification, infrastructure, insight, instability, intend, labor, land, law, line, local, macroeconomic, mandated, meaningful, meant, medical, Mexico, military, moved, multiple, occupy, outbreak, outlook, owed, pace, personnel, policy, political, prevent, proceed, proposed, public, ransomware, rapidly, regional, release, relocating, relocation, renew, renewal, repealed, repeated, replaced, resurgence, RFR, Russia, Russian, sanitizing, scope, sequentially, serve, shipment, significantly, single, social, strategic, strategy, sustainability, Sustainable, taxation, temporary, tension, testing, tightened, transmissible, transmitted, treated, turn, Ukraine, ultimately, Union, unrest, USMCA, vendor, virulent, volatility, water, wide, withdraw, workforce, worsen
Removed:
amending, began, borrowed, clarifying, curtailed, depressed, enacted, encountered, equivalent, federal, franchise, highest, issuance, issue, made, minimum, notice, prime, professional, published, real, rebound, relaxation, removing, represented, screening, Simplifying, slightly, step, terminate, thereof, thirtieth, transition, unfavorable, written
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
20 May 22
8-K
Kadant Reports First Quarter 2022 Results
3 May 22
8-K
Kadant Appoints Rebecca Martinez O’Mara to its Board of Directors
17 Mar 22
8-K
Departure of Directors or Certain Officers
15 Mar 22
8-K
Kadant Reports Fourth Quarter and Fiscal Year 2021 Results
16 Feb 22
8-K
Kadant Reports Third Quarter 2021 Results and Record Bookings
2 Nov 21
8-K
Departure of Directors or Certain Officers
29 Oct 21
8-K
Kadant Acquires Leading U.S. Baler Manufacturer
23 Aug 21
8-K
Kadant Reports Record Results for Second Quarter 2021
3 Aug 21
8-K
Kadant to Acquire German Blade Manufacturer Joh. Clouth
17 Jun 21
Registration and prospectus
S-3ASR
Automatic shelf registration
1 Mar 22
S-8
Registration of securities for employees
15 May 20
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 20
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 20
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 20
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 20
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 20
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 20
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 20
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 20
Proxies
DEFA14A
Additional proxy soliciting materials
11 May 22
DEFA14A
Additional proxy soliciting materials
30 Mar 22
DEFA14A
Additional proxy soliciting materials
1 Apr 21
DEF 14A
Definitive proxy
1 Apr 21
PRE 14A
Preliminary proxy
19 Mar 21
DEFA14A
Additional proxy soliciting materials
22 Apr 20
DEFA14A
Additional proxy soliciting materials
10 Apr 20
DEFA14A
Additional proxy soliciting materials
26 Mar 20
Other
SD
Conflict minerals disclosure
24 May 22
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
29 May 19
SD
Conflict minerals disclosure
25 May 18
UPLOAD
Letter from SEC
19 Sep 17
CORRESP
Correspondence with SEC
5 Sep 17
UPLOAD
Letter from SEC
22 Aug 17
SD
Conflict minerals disclosure
25 May 17
SD
Conflict minerals disclosure
30 May 16
Ownership
4
KADANT / JOHN M ALBERTINE ownership change
1 Jun 22
4
KADANT / Erin L Russell ownership change
1 Jun 22
4
KADANT / William P Tully ownership change
1 Jun 22
4
KADANT / THOMAS C LEONARD ownership change
1 Jun 22
4
KADANT / JONATHAN W PAINTER ownership change
1 Jun 22
4
KADANT / Erin L Russell ownership change
20 May 22
4
KADANT / JOHN M ALBERTINE ownership change
20 May 22
4
KADANT / JONATHAN W PAINTER ownership change
20 May 22
4
KADANT / William P Tully ownership change
20 May 22
4
KADANT / THOMAS C LEONARD ownership change
20 May 22
Patents
Utility
Clarifier with Independent Sump Scraper Drive
3 Mar 22
An improved clarifier tank having a rake arm assembly with one or more rake arms, a rake arm driveshaft operatively connected to the rake arms and a rake arm drive, and a sump scraper driveshaft, operatively connected to a plurality of sump scrapers and a sump scraper drive.
Utility
Clarifier with independent sump scraper drive
19 Oct 21
An improved clarifier tank having a rake arm assembly with one or more rake arms, a rake arm driveshaft operatively connected to the rake arms and a rake arm drive, and a sump scraper driveshaft, operatively connected to a plurality of sump scrapers and a sump scraper drive.
Utility
Doctor Blade with Polymeric Retention Means, Doctor Blade Holder Comprising Such a Doctor Blade and Method for Providing Retention Means on a Doctor Blade
14 Oct 21
A doctor blade is disclosed that includes a blade surface and at least one shaped feature that is formed of a polymeric material and is provided to assist in maintaining the doctor blade with a doctor blade holder.
Utility
Disc Filters and Methods of Operating Disc Filters
23 Sep 21
Disclosed herein are disc filters for dewatering a fiber suspension.
Utility
Cleaning Head with Directional Nozzle Assembly and Shaped External Air Knife for Traversing Shower Systems
19 Aug 21
A cleaning head is disclosed for use in a traversing shower system.
Transcripts
2022 Q1
Earnings call transcript
4 May 22
2021 Q4
Earnings call transcript
17 Feb 22
2021 Q3
Earnings call transcript
7 Nov 21
2021 Q2
Earnings call transcript
7 Aug 21
2021 Q1
Earnings call transcript
9 May 21
2020 Q4
Earnings call transcript
18 Feb 21
2020 Q3
Earnings call transcript
28 Oct 20
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
2 May 20
2019 Q4
Earnings call transcript
14 Feb 20
Reddit threads
Daily Discussion Thread - June 07, 2022
7 Jun 22
Daily Discussion Thread - May 3rd, 2022
3 May 22
Daily Discussion Thread - May 2nd, 2022
2 May 22
Daily Discussion Thread - April 12th, 2022
12 Apr 22
Daily Discussion Thread - April 11th, 2022
11 Apr 22
What Are Your Moves Tomorrow - March 17, 2022
16 Mar 22
Meanwhile in CNBC HQ - Things just got out of hand
11 Mar 22
Daily Discussion Thread - February 16th, 2022
16 Feb 22
Daily Discussion Thread - February 15th, 2022
15 Feb 22
Daily Discussion Thread - February 14th, 2022
14 Feb 22