Kadant Inc - Company Profile
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Kadant Inc (Kadant) is a global supplier of equipment and engineered systems used in process industries worldwide. It offers an array of products that include stock-preparation systems, fiber processing, bulk material handling, fluid-handling systems, wood processing systems and doctoring, cleaning and filtration systems. Kadant also offers biodegradable, absorbent granules derived from pulp fiber. The company offers its products to various industries including chemicals, construction, machine tools, food and beverages, oil and gas, paper, textiles, forest products, and rubber and plastics. It has manufacturing plants in several countries, and research and development facilities in Canada, Europe and the US. It operates in the Americas, Europe and Asia. Kadant is headquartered in Westford, Massachusetts, the US.
Headquarters
United States of America
Address
1 Technology Park Dr, Westford, Massachusetts, 01886
Website
www.kadant.com
Telephone
1 978 7762000
No of Employees
3,100
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
KAI (NYSE)
Revenue (2022)
$957.7M
5.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-4%
(2022 vs 2021)
Market Cap*
$3.3B
Net Profit Margin (2022)
XYZ
-9.4%
(2022 vs 2021)
* As of and is in US$
Kadant Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Stock-preparation: |
| Virgin Pulping Process Equipment |
| Recycling and Approach Flow Systems |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In April, Kadant Solutions introduced the VeriFlex oscillation system. |
| 2024 | Acquisitions/Mergers/Takeovers | In January, the company acquired KWS Manufacturing Company, Ltd. for US$84 million. |
| 2024 | Acquisitions/Mergers/Takeovers | In January, the company announced the acquisition of Key Knife Inc. for US$156 million. |
Competitor Comparison
| Key Parameters | Kadant Inc | Rieter Holding AG | Christian Maier GmbH & Co. KG | Deublin Company | Duff-Norton Company, Inc. |
|---|---|---|---|---|---|
| Headquarters | United States of America | Switzerland | Germany | United States of America | United States of America |
| City | Westford | Winterthur | Heidenheim | Waukegan | Charlotte |
| State/Province | Massachusetts | - | Baden-Wurttemberg | Illinois | North Carolina |
| No. of Employees | 3,100 | 5,081 | - | - | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jonathan W. Painter | Chairman; Chief Executive Officer | Executive Board | 2020 | 64 |
| Jeffrey L. Powell | Chief Executive Officer; President; Director | Executive Board | 2019 | 64 |
| Michael J. McKenney | Executive Vice President; Chief Financial Officer | Senior Management | 2018 | 61 |
| Deborah S. Selwood | Senior Vice President; Chief Accounting Officer | Senior Management | 2019 | 61 |
| Peter J. Flynn | Senior Vice President | Senior Management | 2022 | 72 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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