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Stock impact report

Kadant Authorizes Share Repurchase

Kadant Inc (KAI) 
Last kadant inc earnings: 4/29 04:34 pm Check Earnings Report
US:NYSE Investor Relations: investor.kadant.com/investor-overview
Company Research Source: GlobeNewswire
WESTFORD, Mass., May 16, 2018 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) announced today that its Board of Directors has authorized the repurchase of up to $20 million of its equity securities effective May 16, 2018 through May 16, 2019. Repurchases may be made in public or private transactions, including under Securities Exchange Act Rule 10b-5-1 trading plans. The timing and amount of any repurchases will be at the discretion of Company management and will be based on market conditions and other considerations, including limitations contained in our credit agreement entered into on March 1, 2017. Through May 16, 2018, under the existing $20 million authorization that will expire on May 17, 2018, the Company has not repurchased any shares of its common stock. Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. The Company’s products, technologies, and services play an integral role in enhancing process ef Show less Read more
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