KAI Kadant

Kadant, Inc. engages in designing and manufacturing products used in industries ranging from paper to plastics and textiles to tires. It operates through the following segments: Papermaking Systems, Wood Processing Systems, and Fiber-based Products Business segments. The Papermaking Systems segment develops, manufactures, and markets equipments and products for the global papermaking, paper recycling, recycling and waste management, and other process industries. The Wood Processing Systems segment includes the development, manufacturing, and marketing of stranders and related equipment used in the harvesting of oriented strand board and lumber. The Fiber-based Products Business segment manufactures and sells biodegradable and absorbent granules from papermaking products. The firm's products include alignment conveyor, tubular filter materials, and angleset indicator. The company was founded in November 1991 and is headquartered in Westford, MA.
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
IRS number
521762325
KAI stock data
()
News
'Fast Money Halftime Report' Picks For February 26
26 Feb 21
Stocks Making New 52-Week Highs/Lows For Friday, Feb. 26, 2021 (Via Benzinga Pro's Signals Tool)
26 Feb 21
Stocks That Hit 52-Week Highs On Monday
22 Feb 21
Kadant Q4 EPS $1.40 Beats $1.31 Estimate, Sales $168.43M Beat $163.76M Estimate
17 Feb 21
Earnings Scheduled For February 17, 2021
17 Feb 21
Press releases
Kadant, Inc. to Host Earnings Call
18 Feb 21
Kadant Reports Fourth Quarter and Fiscal Year 2020 Results
17 Feb 21
Kadant to Hold Earnings Conference Call on Thursday, February 18, 2021
12 Feb 21
Kadant Joins the United Nations Global Compact Initiative
1 Feb 21
Kadant Recognized for Excellence in Sustainability with the 2020 AIM Sustainability Award
19 Jan 21
Calendar
4 Nov 20
28 Feb 21
2 Jan 22
Financial summary
Quarter (USD) |
Sep 20 | Jun 20 | Mar 20 | Sep 19 | |
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Diluted EPS |
Annual (USD) |
Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
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Diluted EPS |
Financial data from Kadant earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 56.2M | 56.2M | 56.2M | 56.2M | 56.2M | 56.2M |
Cash burn (monthly) | 1.58M | 161.17K | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | 8.03M | 818.2K | n/a | n/a | n/a | n/a |
Cash remaining | 48.17M | 55.39M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 30.5 | 343.7 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Jan 21 | Leonard Thomas C | Common Stock | Sell | Dispose S | No | Yes | 144.0998 | 421 | 60.67K | 10,429 |
6 Jan 21 | Leonard Thomas C | Common Stock | Sell | Dispose S | No | Yes | 140.85 | 100 | 14.09K | 10,850 |
4 Jan 21 | Peter J. Flynn | Common Stock | Sell | Dispose S | No | Yes | 142.135 | 200 | 28.43K | 1,417.584 |
4 Jan 21 | Peter J. Flynn | Common Stock | Sell | Dispose S | No | Yes | 141.1617 | 300 | 42.35K | 1,617.584 |
4 Jan 21 | Peter J. Flynn | Common Stock | Sell | Dispose S | No | Yes | 139.3533 | 210 | 29.26K | 1,917.584 |
4 Jan 21 | Peter J. Flynn | Common Stock | Sell | Dispose S | No | Yes | 137.58 | 176 | 24.21K | 2,127.584 |
4 Jan 21 | Peter J. Flynn | Common Stock | Sell | Dispose S | No | Yes | 136.6801 | 695 | 94.99K | 2,303.584 |
4 Jan 21 | Peter J. Flynn | Common Stock | Sell | Dispose S | No | Yes | 135.9788 | 444 | 60.37K | 2,998.584 |
4 Jan 21 | Michael J Mckenney | Common Stock | Sell | Dispose S | No | Yes | 141.19 | 306 | 43.2K | 17,086.009 |
2 Jan 21 | Tully William P | Common Stock | Option exercise | Aquire M | No | No | 0 | 521 | 0 | 4,864 |
Institutional ownership Q4 2020
94.3% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 140 |
Opened positions | 16 |
Closed positions | 16 |
Increased positions | 52 |
Reduced positions | 43 |
13F shares |
Current |
---|---|
Total value | 1.53B |
Total shares | 10.86M |
Total puts | 2.1K |
Total calls | 0 |
Total put/call ratio | Infinity |
Largest owners |
Shares | Value |
---|---|---|
Wasatch Advisors | 1.69M | $238.84M |
BLK Blackrock | 849.7K | $119.79M |
ATAC Neuberger Berman | 716.35K | $100.99M |
Brown Brothers Harriman & Co | 709.21K | $99.99M |
Vanguard | 578.61K | $81.57M |
Royce & Associates | 539K | $75.99M |
MCQEF Macquarie | 536.16K | $75.59M |
Dimensional Fund Advisors | 488.5K | $68.87M |
WFC Wells Fargo & Co. | 446.67K | $62.97M |
TROW T. Rowe Price | 397.9K | $56.1M |
Financial report summary
?Management Discussion
- Consolidated revenue in the third quarter of 2020 decreased 11%, while consolidated organic revenue declined 12%, principally due to lower capital equipment revenue at our Industrial Processing and Flow Control segments as described below.
- Revenue at our Flow Control segment decreased 9% in the third quarter of 2020, while organic revenue declined 8%. Organic revenue declined primarily due to decreased demand for capital equipment at our North American operations, which was negatively impacted by reduced customer spending and customer-requested delays as a result of COVID-19.
- Revenue at our Industrial Processing segment decreased 16% in the third quarter of 2020, while organic revenue declined 18%. Organic revenue at our stock-preparation business was adversely affected by decreased demand for capital equipment at our Chinese and European operations due to reduced or delayed customer spending as a result of COVID-19, and at our Chinese operations due to uncertainty in the Asian market surrounding the response to China's recovered paper import restrictions. Additionally, organic revenue for parts and consumables products declined at our European operations as a result of unusually high demand in the 2019 period and at our North American operations due to reduced customer spending as a result of COVID-19. Organic revenue at our wood processing business also decreased due to lower capital equipment revenue at our North American operations related to changes in certain end markets and, to a lesser extent, reduced spending as a result of COVID-19. These decreases were offset in part by higher parts and consumables revenue at our North American operations driven by increased mill run rates resulting in higher parts consumption by our customers.
Content analysis
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Legalese | ||
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Readability |
H.S. junior Avg
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New words:
compounded, eased, extinguishment, krona, maintenance, plywood, rebound, renminbi, repaid, retroactive, robust, slight, spare, stability, trajectory, Treasury, unusually
Removed:
adjustment, applied, Brazil, collect, country, difficult, disaster, disrupt, enact, enactment, enforce, environmental, extended, force, geographic, globally, implementing, impose, imposed, India, international, labor, law, local, majeure, Mexico, mortgage, natural, package, personal, political, portfolio, protection, protectionist, region, relocation, repair, revised, Russia, security, single, source, South, successor, system, terrorist, unrest, vary, war, widespread, worker, worsening
Financial reports
10-Q
2020 Q3
Quarterly report
4 Nov 20
10-Q
2020 Q2
Quarterly report
5 Aug 20
10-Q
2020 Q1
Quarterly report
6 May 20
10-K
2019 FY
Annual report
25 Feb 20
10-Q
2019 Q3
Quarterly report
6 Nov 19
10-Q
2019 Q2
Quarterly report
7 Aug 19
10-Q
2019 Q1
Quarterly report
8 May 19
10-K
2018 FY
Annual report
26 Feb 19
10-Q
2018 Q3
Quarterly report
7 Nov 18
10-Q
2018 Q2
Quarterly report
8 Aug 18
Current reports
8-K
Kadant Reports Fourth Quarter and Fiscal Year 2020 Results
17 Feb 21
8-K
Kadant Reports Third Quarter 2020 Results
27 Oct 20
8-K
Kadant Reports Second Quarter 2020 Results
28 Jul 20
8-K
Termination of a Material Definitive Agreement
23 Jun 20
8-K
Submission of Matters to a Vote of Security Holders
15 May 20
8-K
Kadant Reports First Quarter 2020 Results
29 Apr 20
8-K
Kadant Announces Change in Operating Segments
22 Apr 20
8-K
Kadant Reports Fourth Quarter and Fiscal Year 2019 Results
12 Feb 20
8-K
Kadant Reports 2019 Third Quarter Results
29 Oct 19
8-K
Kadant Reports 2019 Second Quarter Results
30 Jul 19
Registration and prospectus
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
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Feb 20
Proxies
DEFA14A
Additional proxy soliciting materials
22 Apr 20
DEFA14A
Additional proxy soliciting materials
10 Apr 20
DEFA14A
Additional proxy soliciting materials
26 Mar 20
DEF 14A
Definitive proxy
26 Mar 20
PRE 14A
Preliminary proxy
13 Mar 20
DEFA14A
Additional proxy soliciting materials
28 Mar 19
DEF 14A
Definitive proxy
28 Mar 19
PRE 14A
Preliminary proxy
15 Mar 19
DEF 14A
Definitive proxy
28 Mar 18
DEFA14A
Additional proxy soliciting materials
28 Mar 18
Other
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
SD
Conflict minerals disclosure
31 May 15
SD
Conflict minerals disclosure
1 Jun 14
Ownership
SC 13G/A
KADANT / BROWN BROTHERS HARRIMAN & CO ownership change
25 Feb 21
SC 13G
KADANT / Neuberger Berman ownership change
12 Feb 21
SC 13G/A
KADANT / MACQUARIE ownership change
12 Feb 21
SC 13G/A
KADANT / WASATCH ADVISORS ownership change
11 Feb 21
SC 13G
KADANT / VANGUARD ownership change
10 Feb 21
SC 13G/A
KADANT / BROWN BROTHERS HARRIMAN & CO ownership change
5 Feb 21
SC 13G/A
KADANT / BlackRock ownership change
29 Jan 21
SC 13G/A
KADANT / ROYCE & ASSOCIATES ownership change
29 Jan 21
4
KADANT / THOMAS C LEONARD ownership change
6 Jan 21
4
KADANT / MICHAEL J MCKENNEY ownership change
5 Jan 21
Patents
GRANT
Utility
Systems and methods for providing force vector compensated fan nozzles
24 Aug 20
A method is disclosed of facilitating the removal of contaminates from a belt in a papermaking system.
GRANT
Utility
Systems and methods for providing shaped vacuum ports for fluid extraction vacuum box covers in papermaking systems
27 Jul 20
A system is disclosed for removing fluids from a felt in a paper making process.
GRANT
Utility
Systems and methods for providing fluid extraction vacuum box covers with integral lubrication
27 Jul 20
A system is disclosed for removing fluids from a felt in a paper making process.
APP
Utility
Improved Clarifier with Independent Sump Scraper Drive
3 Jun 20
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.
GRANT
Utility
Locking seat pivot ball siphon elbow
30 Mar 20
A siphon elbow for pivotally connecting a first pipe and a second pipe in fluid communication.
Transcripts
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
2019 Q3
Earnings call transcript
3 Nov 19
2019 Q2
Earnings call transcript
2 Aug 19
2019 Q1
Earnings call transcript
4 May 19
2018 Q4
Earnings call transcript
15 Feb 19
2018 Q3
Earnings call transcript
30 Oct 18
Reddit threads
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Daily Discussion Thread - February 16th, 2021
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Daily Discussion Thread - February 10th, 2021
10 Feb 21
Daily Discussion Thread - February 9th, 2021
9 Feb 21
Daily Discussion Thread - February 8th, 2021
8 Feb 21
Daily Discussion Thread - January 6th, 2021
6 Jan 21
Daily Discussion Thread - January 5th, 2021
5 Jan 21
Daily Discussion Thread - January 4th, 2021
4 Jan 21