Sector: Industrials | Industry: Industrial Machinery & Equipment |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1 Technology Park Dr WESTFORD MA 01886 |
Tel: | 1-978-7762000 |
Website: | https://www.kadant.com |
IR: | See website |
Key People | ||
Jonathan W. Painter Chairman of the Board | Fredrik Han Westerhout Vice President | Jeffrey L. Powell President, Chief Executive Officer, Director |
Michael J. Mckenney Chief Financial Officer, Executive Vice President | Deborah S. Selwood Senior Vice President, Chief Accounting Officer | Stacy D. Krause Senior Vice President, General Counsel, Secretary |
Peter J. Flynn Senior Vice President | Dara F. Mitchell Senior Vice President - Corporate Development | Thomas Andrew Blanchard Vice President | Michael Colwell Vice President |
Business Overview |
Kadant Inc. is a global supplier of technologies and engineered systems. The Company operates through three segments: Flow Control, Industrial Processing, and Material Handling. Flow Control segment include rotary sealing devices, steam systems, expansion joints, doctor systems, roll and fabric cleaning devices, and filtration and fiber recovery systems. Industrial Processing segment Equipment, machinery, and technologies used to recycle paper and paperboard and process timber for use in the packaging, tissue, wood products and alternative fuel industries, among others. The segment also provides fiber processing industries with simulation software and consulting services. Material Handling segment products include conveying and vibratory equipment and balers. In addition, the Company manufactures and sells biodegradable, absorbent granules used as carriers in agricultural applications and for oil and grease absorption. |
Financial Overview |
For the fiscal year ended 30 December 2023, Kadant Inc revenues increased 6% to $957.7M. Net income decreased 4% to $116.1M. Revenues reflect Material Handling Systems segment increase of 19% to $239.5M, Flow Control segment increase of 4% to $363.5M, Industrial Processing segment increase of less than 1% to $354.7M, United States segment increase of 11% to $448.6M, Other segment increase of 11% to $311.4M. |
Employees: | 3,100 as of Dec 30, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $3,913M as of Dec 30, 2023 |
Annual revenue (TTM): | $957.67M as of Dec 30, 2023 |
EBITDA (TTM): | $202.09M as of Dec 30, 2023 |
Net annual income (TTM): | $116.07M as of Dec 30, 2023 |
Free cash flow (TTM): | $120.47M as of Dec 30, 2023 |
Net Debt Last Fiscal Year: | $7.04M as of Dec 30, 2023 |
Shares outstanding: | 11,718,808 as of Feb 16, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |