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Kadant (KAI)

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
Former names
THERMO FIBERTEK INC
SEC CIK
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
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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
94.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 179 180 -0.6%
Opened positions 26 31 -16.1%
Closed positions 27 14 +92.9%
Increased positions 51 51
Reduced positions 62 59 +5.1%
13F shares Current Prev Q Change
Total value 2.13B 2.51B -15.1%
Total shares 10.96M 10.88M +0.7%
Total puts 0 0
Total calls 13.7K 14K -2.1%
Total put/call ratio
Largest owners Shares Value Change
Wasatch Advisors 1.61M $312.4M +3.6%
ATAC Neuberger Berman 826.14K $160.43M -2.6%
BLK Blackrock 781.55K $151.77M -0.9%
Vanguard 596.59K $115.85M +2.0%
Capital International Investors 567.17K $110.14M 0.0%
Chevy Chase Trust 449.9K $87.37M -9.4%
Royce & Associates 447.45K $86.89M +1.1%
Dimensional Fund Advisors 424.11K $82.36M -3.0%
Allspring Global Investments 421.69K $81.89M -2.4%
MCQEF Macquarie 404.4K $78.53M +6.1%
Largest transactions Shares Bought/sold Change
AMP Ameriprise Financial 398.06K +190.68K +91.9%
TROW T. Rowe Price 252.13K -139.81K -35.7%
RMB Capital Management 67.74K +67.74K NEW
Wasatch Advisors 1.61M +55.6K +3.6%
Chevy Chase Trust 449.9K -46.6K -9.4%
Epoch Investment Partners 0 -34.9K EXIT
CS Credit Suisse 76.23K +29.48K +63.1%
Riverbridge Partners 259.37K +23.91K +10.2%
MCQEF Macquarie 404.4K +23.4K +6.1%
ATAC Neuberger Berman 826.14K -22.48K -2.6%

Financial report summary

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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

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