Kadant Inc (KAI) News
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KAI News Highlights
- KAI's 30 day story count now stands at 8.
- Over the past 19 days, the trend for KAI's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- ENS, AIT and ALG are the most mentioned tickers in articles about KAI.
Latest KAI News From Around the Web
Below are the latest news stories about KADANT INC that investors may wish to consider to help them evaluate KAI as an investment opportunity.
Kadant to Acquire Key Knife, Inc.WESTFORD, Mass., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) has entered into a definitive agreement to acquire Key Knife, Inc. and certain of its affiliates (“Key Knife”) for approximately $156 million in cash, subject to certain customary adjustments. The acquisition is expected to close in early January 2024, subject to the satisfaction of customary closing conditions, and will be financed primarily through borrowings under Kadant’s revolving credit facility. Founded in 1986, Ke |
5 Industrial Stocks Rising More Than 40% YTD With Room to RunA healthy demand environment with an improvement in supply chain and easing inflationary pressure augur well for the industrial sector heading into 2024. ETN, AXON, AOS, ALG and KAI are likely to continue their momentum. |
Ingersoll Rand (IR) Gains From Business Strength, Risks PersistIngersoll Rand (IR) benefits from strength across its businesses, solid product offerings and acquired assets. However, the softness of its life sciences business is concerning. |
EnerSys (ENS) Gains From Business Strength Amid HeadwindsEnerSys (ENS) benefits from strength across end markets, solid product offerings and the IBCS buyout. However, the softness in its Energy Systems unit is concerning. |
Cintas (CTAS) Q2 Earnings & Revenues Top Estimates, View RaisedCintas (CTAS) posts second-quarter fiscal 2024 results, wherein its revenues jump by 9.3% year over year on solid segmental sales. |
Enersys (ENS) Gives Update on IRC 45X Tax Benefits, Q3 View UpEnersys (ENS) updates its third-quarter fiscal 2024 outlook, taking into account the impacts of the U.S. Department of the Treasury's proposed regulations regarding Section 45X of the Internal Revenue Code. |
Here's Why You Should Buy Applied Industrial (AIT) Stock NowApplied Industrial (AIT) is set to benefit from strength across its businesses, acquired assets and initiatives to drive operational excellence. |
Should You Think About Buying Kadant Inc. (NYSE:KAI) Now?Kadant Inc. ( NYSE:KAI ), might not be a large cap stock, but it received a lot of attention from a substantial price... |
Kadant Declares Cash DividendWESTFORD, Mass., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.29 per share to be paid on February 1, 2024 to stockholders of record as of the close of business on January 4, 2024. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change. About KadantKadant Inc. is a global supplier of technologies and enginee |
Best Momentum Stock to Buy for November 10thANDE, PGR and KAI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 10, 2023. |