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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
Former names
THERMO FIBERTEK INC
SEC CIK
IRS number
521762325

KAI stock data

(
)

Calendar

4 Nov 20
28 Feb 21
2 Jan 22
Quarter (USD)
Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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
94.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 140 140
Opened positions 16 22 -27.3%
Closed positions 16 11 +45.5%
Increased positions 52 25 +108.0%
Reduced positions 43 64 -32.8%
13F shares
Current Prev Q Change
Total value 1.53B 1.67B -8.0%
Total shares 10.86M 10.87M -0.1%
Total puts 2.1K 2K +5.0%
Total calls 0 0
Total put/call ratio Infinity Infinity NaN%
Largest owners
Shares Value Change
Wasatch Advisors 1.69M $238.84M +0.9%
BLK Blackrock 849.7K $119.79M +5.6%
ATAC Neuberger Berman 716.35K $100.99M +3.3%
Brown Brothers Harriman & Co 709.21K $99.99M 0.0%
Vanguard 578.61K $81.57M +2.7%
Royce & Associates 539K $75.99M -1.4%
MCQEF Macquarie 536.16K $75.59M -0.0%
Dimensional Fund Advisors 488.5K $68.87M -5.6%
WFC Wells Fargo & Co. 446.67K $62.97M -8.6%
TROW T. Rowe Price 397.9K $56.1M +6.2%
Largest transactions
Shares Bought/sold Change
Chevy Chase Trust 191.93K +191.93K NEW
Handelsbanken Fonder AB 229.98K -144.5K -38.6%
Epoch Investment Partners 0 -70.22K EXIT
Handelsinvest Investeringsforvaltning 60K -55K -47.8%
RMB Capital Management 53.92K +53.92K NEW
BLK Blackrock 849.7K +44.94K +5.6%
WFC Wells Fargo & Co. 446.67K -41.94K -8.6%
Boston Trust Walden 0 -35.82K EXIT
Dimensional Fund Advisors 488.5K -28.86K -5.6%
Riverbridge Partners 234.6K +25.68K +12.3%

Financial report summary

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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.
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