KAI Kadant, Inc.

All KAI filings Filing statistics SEC Website

Kadant, Inc. engages in designing and manufacturing products used in industries ranging from paper to plastics and textiles to tires. It operates through two segments: Papermaking Systems and Wood Processing Systems Business. The Papermaking Systems segment develops, manufactures, and markets a range of equipment and products for the global papermaking, paper recycling, recycling and waste management, and other process industries. The Wood Processing Systems segment includes the production and marketing of stranders and related equipment used in the harvesting of oriented strand board, and lumber. The company was founded in November 1991 and is headquartered in Westford, MA.

Company profile

Ticker

KAI

Exchange

NYSE

CEO

Jeffrey L. Powell

Incorporated in

Delaware

Location

Massachusetts

Fiscal year end

Dec 28

Sector

Producer Manufacturing > Industrial Machinery

Industry (SEC)

Special Industry Machinery (No Metalworking Machinery)

Pentair ...

Former names

Thermo Fibertek Inc

SEC CIK

0000886346

Corporate docs

Articles of Incorporation & Bylaws

IRS number

521762325

KAI stock data

S&P 500

1M 1Y 2Y 5Y

Company financial data Financial data

Chart KAI financial data

Download latest Excel data (2019 Q2) View latest Excel data (2019 Q2)

Quarter (USD)	Jun 19	Mar 19	Dec 18	Sep 18
Revenue	177.17M	171.32M	163.94M	165.75M
Net income	16.3M	10.9M	18.42M	18.78M
Diluted EPS	1.42	0.96	1.61	1.64
Net profit margin	9.20%	6.36%	11.24%	11.33%
Operating income	23.14M	18.58M	24.82M	27.38M
Net change in cash	571K	10.65M	-11.55M	-2.79M
Cash on hand	57.05M	56.48M	45.83M	57.38M
Cost of revenue	102.79M	100.8M	92.99M	92.65M

Financial data from Kadant earnings reports

Financial report summary

Management Discussion

Consolidated revenues increased 14% in the second quarter of 2019 largely due to our acquisition, offset in part by an unfavorable effect of currency translation. Excluding the acquisition and unfavorable effect of currency translation, revenues increased 5% in the second quarter of 2019 compared to the second quarter of 2018.
Revenues in our Papermaking Systems segment decreased 2% in the second quarter of 2019, including an unfavorable effect of currency translation. Excluding the unfavorable effect of currency translation, revenues in the Papermaking Systems segment increased 2% in the second quarter of 2019 compared to the second quarter of 2018, as explained in the product line discussions below.
Revenues from our Stock-Preparation product line decreased 10% in the second quarter of 2019, including an unfavorable effect of currency translation. Excluding the unfavorable effect of currency translation, Stock-Preparation revenues decreased 6% in the second quarter of 2019 largely due to decreased demand for our products at our Chinese operations resulting from reduced project activity attributable to uncertainties in trade relations with the United States and weak market conditions. In addition, we experienced decreased demand for our capital equipment at our European operations primarily due to pricing pressures experienced by packaging producers and the general sluggishness of the European economy. These decreases were offset in part by increased demand for our capital products at our North American operations.

Content analysis ?

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Constraining
Legalese
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Readability	H.S. sophomore Avg

New words: beetle, booking, buildup, challenged, dropped, embedded, Eurozone, factually, frequently, good, incumbent, infestation, Inline, Interactive, iXBRL, page, pine, predominantly, pretax, profile, showing, slowdown, sluggish, USD, western, widespread

Removed: altogether, announced, ban, began, conducting, create, determination, formally, fundamental, government, healthy, holding, October, offsetting, paperboard, response, shift, slightly, Southeast, specifically, uncertainty

From filing 10-Q 2019 Q2