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Stock Market & Financial Investment News

News Breaks
October 29, 2012
15:59 EDTKAIKadant announces $20M share repurchase program
Kadant announced today that its board of directors has authorized the repurchase of up to $20M of its equity securities effective November 7, 2012 through November 7, 2013. Through October 29, under the existing $30M authorization that will expire on November 6, 2012, the company has repurchased 669,725 shares of its common stock for an aggregate purchase price of approximately $14.6M.
News For KAI From The Last 14 Days
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January 20, 2015
09:17 EDTKAIKadant receives $11M in orders for recycling and chemical pulping equipment
Kadant announced that at the end of Q4 it received orders totaling $11M from three pulp and paper producers in the U.S. and Mexico for chemical pulping equipment and recycling system upgrades. The chemical pulping equipment will be used to recover chemicals in the kraft pulping process and the stock-preparation recycling systems will be used to process recycled fiber for use in paper production. The company expects to report consolidated bookings for Q4 of approximately $103M.

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