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Stock impact report

Kadant Announces Change in Operating Segments to Better Reflect Strategic Focus

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., April 22, 2020 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced the realignment of its current operating segments by combining its operating entities into three new reportable operating segments. Consistent with the Company’s strategic initiatives to grow both organically and through acquisitions, these segment changes reflect how the Company has grown and diversified over the last several years. The three new reportable operating segments are Flow Control, Industrial Processing, and Material Handling. The Flow Control segment consists of the Company’s fluid-handling and doctoring, cleaning, & filtration product lines; the Industrial Processing segment consists of the Company’s wood processing and stock-preparation product lines; and the Material Handling segment consists of the Company’s conveying and screening, baling, and fiber-based product lines. “We believe these segments better reflect the strategic focus and growth initiatives we have pursued ov Show less Read more
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