Kadant

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Kadant is a  supplier of high-value, critical components and engineered systems used in process industries worldwide. The Company engages in mainly four segments: stock preparation systems, fluid handling systems, roll doctoring, cleaning and filtration, and fiber-based granules. Kadant provides custom-engineered systems (e.g. recycling and approach flow systems) and equipment (e.g. virgin pulping process equipment). Kadant also provides fluid-handling systems (e.g. rotary joints, syphons, turbulator bars, precision unions) widely used in the dryer section of the papermaking process, and the production of corrugated boxboard, metals, plastics, rubber, textiles, chemicals, and food. In addition, the Company offers doctoring systems (e.g. doctor blades), profiling systems, shower and fabric-conditioning, formation, and water filtration systems Kaden also provides individual components, widely used in pulping, de-inking, screening, cleaning, refining recycled. Kadant supplies biodegradable absorbent granules from papermaking byproducts for some agriculture uses.

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TypePublic
Founded1991
HQWestford, USMap
Websitekadant.com
Employee Ratings2.4More
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Employees (est.) (Feb 2019)2,500(+25%)
Revenue (FY, 2017)$515 M(+25%)
Share Price (Feb 2019)$88.7 (+2%)

Key People/Management at Kadant

William A. Rainville

William A. Rainville

Chairman of the Board, Former President and Chief Executive Officer, Kadant Inc.
Jonathan W. Painter

Jonathan W. Painter

President and Chief Executive Officer
Wesley A. Martz

Wesley A. Martz

Vice President, Marketing
Dara F. Mitchell

Dara F. Mitchell

Vice President, Corporate Development
Bilal Mehmood

Bilal Mehmood

Chief Technology Officer
Daniel J. Walsh

Daniel J. Walsh

Treasurer
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Kadant Office Locations

Kadant has an office in Westford
Westford, US (HQ)
1 Technology Park Dr
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Kadant Financials and Metrics

Kadant Revenue

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Kadant's revenue was reported to be $515.03 m in FY, 2017
USD

Revenue (Q2, 2018)

154.9m

Gross profit (Q2, 2018)

68.2m

Gross profit margin (Q2, 2018), %

44%

Net income (Q2, 2018)

12.5m

EBIT (Q2, 2018)

19.7m

Market capitalization (15-Feb-2019)

984.8m

Closing stock price (15-Feb-2019)

88.7

Cash (30-Jun-2018)

60.2m
Kadant's current market capitalization is $984.8 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

344.5m402.1m390.1m414.1m515.0m

Revenue growth, %

17%(3%)6%

Cost of goods sold

186.8m223.8m210.0m225.7m284.0m

Gross profit

157.7m178.4m180.1m188.4m231.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q2, 2016Q1, 2017Q2, 2017Q1, 2018Q3, 2017Q1, 2018Q2, 2018

Revenue

91.3m93.4m104.8m98.7m91.9m92.3m98.3m105.5m111.8m96.5m110.2m102.9m152.8m149.2m154.9m

Cost of goods sold

51.2m51.2m59.8m54.6m48.3m47.9m52.6m57.4m61.6m52.6m57.4m53.9m88.2m83.1m86.7m

Gross profit

40.1m42.2m45.1m44.1m43.7m44.3m45.7m48.1m50.3m44.0m52.8m49.0m64.6m66.1m68.2m

Gross profit Margin, %

44%45%43%45%48%48%47%46%45%46%48%48%42%44%44%
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Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

50.0m45.4m65.5m71.5m75.4m

Accounts Receivable

Inventories

62.8m55.2m56.8m55.0m84.9m

Current Assets

206.3m183.7m205.1m207.4m266.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q2, 2016Q1, 2017Q2, 2017Q1, 2018Q3, 2017Q1, 2018Q2, 2018

Cash

73.0m57.0m37.5m41.1m56.1m42.8m47.4m63.2m54.2m104.5m85.8m71.5m90.6m72.2m60.2m

Inventories

50.9m62.0m60.1m57.7m67.5m60.6m64.2m58.7m63.5m58.7m63.4m59.8m90.5m95.8m96.3m

Current Assets

210.5m209.4m188.4m191.1m210.3m188.1m197.6m205.9m201.5m244.6m241.2m222.1m303.7m277.9m263.2m

Goodwill

110.3m134.8m134.1m129.9m121.0m121.5m122.8m157.7m157.5m121.7m158.8m153.8m264.8m269.5m261.5m
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Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

23.6m29.0m34.7m32.5m

Depreciation and Amortization

9.8m11.2m10.8m14.3m19.4m

Inventories

(2.0m)5.1m(6.5m)3.6m1.2m

Accounts Payable

2.6m652.0k(1.8m)(5.2m)(522.0k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q2, 2016Q1, 2017Q2, 2017Q1, 2018Q3, 2017Q1, 2018Q2, 2018

Net Income

6.5m5.2m8.0m6.7m8.7m7.0m8.5m9.2m8.4m7.0m17.3m9.1m30.7m11.0m23.5m

Depreciation and Amortization

6.7m2.6m6.5m3.3m13.1m6.1m11.9m

Inventories

(2.2m)60.1m57.7m67.5m60.6m64.2m58.7m63.5m(604.0k)(6.1m)(4.0m)(3.5m)(9.7m)(14.2m)

Accounts Payable

2.3m29.3m27.9m27.2m26.5m28.5m25.2m30.8m(1.2m)3.4m805.0k2.0m3.9m4.0m
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USDY, 2018

Financial Leverage

2.2 x
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Competitors

Pfeiffer Vacuum Technology
Manufacturing & Industrial - Public
Hanna Cylinders
Manufacturing & Industrial - Subsidiary
Molded Fiber Glass Companies
Manufacturing & Industrial - Private
Pacific Calibration Services
Manufacturing & Industrial - Private
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Kadant Online and Social Media Presence

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Kadant News and Updates

February 13, 2019

Kadant Reports Fourth Quarter and Fiscal Year 2018 Results

Record Revenue, Bookings and Diluted EPS in FY 2018 Record Revenue, Bookings and Diluted EPS in FY 2018
February 13, 2019

Kadant Announces CEO Succession Plan

WESTFORD, Mass., Feb. 13, 2019 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced that Jeffrey L. Powell will be named president effective April 1, 2019 and chief executive officer and a director effective July 1, 2019, as part of a succession plan adopted by the board of directors. As pa…
February 08, 2019

Kadant to Hold Earnings Conference Call on Thursday, February 14, 2019

WESTFORD, Mass., Feb. 08, 2019 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2018 fourth quarter and full-year results after the market closes on Wednesday, February 13, 2019 and will hold a webcast the next day, Thursday, February 14, 2019 at 11:00 a.m. eastern time. D…
January 02, 2019

Kadant Completes Acquisition of Syntron Material Handling

WESTFORD, Mass., Jan. 02, 2019 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced the completion of its acquisition of Syntron Material Handling Group, LLC and certain of its affiliates (“Syntron”), a leading provider of material handling equipment and systems to various process industrie…
December 19, 2018

Kadant Increases Borrowing Capacity

WESTFORD, Mass., Dec. 19, 2018 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced that on December 14, 2018 it amended its existing credit agreement (“Credit Agreement”) to increase its committed borrowing capacity under its revolving credit facility to $400 million, increase its uncommitted in…
December 10, 2018

Kadant Appoints Erin L. Russell as New Independent Director

WESTFORD, Mass., Dec. 10, 2018 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) today announced that Erin L. Russell has been appointed to the Company’s board of directors, effective January 1, 2019. Ms. Russell, whose term will begin on January 1, 2019, was appointed to the class of directors the term …
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Kadant Company Life and Culture

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 Kadant Frequently Asked Questions

  • When was Kadant founded?

    Kadant was founded in 1991.

  • Who are Kadant key executives?

    Kadant's key executives are William A. Rainville, Jonathan W. Painter and Wesley A. Martz.

  • How many employees does Kadant have?

    Kadant has 2,500 employees.

  • What is Kadant revenue?

    Latest Kadant annual revenue is $515 m.

  • What is Kadant revenue per employee?

    Latest Kadant revenue per employee is $206 k.

  • Who are Kadant competitors?

    Competitors of Kadant include Pfeiffer Vacuum Technology, Hanna Cylinders and Molded Fiber Glass Companies.

  • Where is Kadant headquarters?

    Kadant headquarters is located at 1 Technology Park Dr, Westford.

  • Where are Kadant offices?

    Kadant has an office in Westford.

  • How many offices does Kadant have?

    Kadant has 1 office.