KAI Kadant Dashboard

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

NYSE

Website

www.kadant.com/

CEO

Jeffrey Powell

Incorporated

Delaware

Location

Massachusetts

Fiscal year end

Jan 02

Sector

Manufacturing > Sawmill, Woodworking, and Paper Machinery Manufacturing

Industry (SIC)

Special Industry Machinery (No Metalworking Machinery)

nVent Electric • John Bean Technologies • Pentair • Metso ...

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

News

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'Fast Money Halftime Report' Picks For February 26

26 Feb 21

On CNBC's "Fast Money Halftime Report," Karen Firestone recommended a long position in Re/Max Holdings Inc (NYSE: RMAX).

Stocks Making New 52-Week Highs/Lows For Friday, Feb. 26, 2021 (Via Benzinga Pro's Signals Tool)

26 Feb 21

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Stocks That Hit 52-Week Highs On Monday

22 Feb 21

During Monday's morning trading, 284 companies set new 52-week highs.

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

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Kadant, Inc. to Host Earnings Call

18 Feb 21

NEW YORK, NY / ACCESSWIRE / February 18, 2021 / Kadant, Inc. (NYSE:KAI) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 18, 2021 at 11:00 AM Eastern Time.To

Kadant Reports Fourth Quarter and Fiscal Year 2020 Results

17 Feb 21

Record Bookings, Operating Cash Flow, and Free Cash Flow in Q4 2020 WESTFORD, Mass., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the fourth quarter and fiscal year ended

Kadant to Hold Earnings Conference Call on Thursday, February 18, 2021

12 Feb 21

WESTFORD, Mass., Feb. 12, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced it will release its 2020 fourth quarter and full-year results after the market closes on Wednesday, February 17, 2021 and will hold a

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

Financial statements Chart KAI financial data

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

Recent insider trades

KAI insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

KAI institutional ownership history Ownership history

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%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

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

From filing 10-Q 2020 Q3