Kadant Named One of 100 Fastest-Growing Companies by Fortune
December 17 2020 - 4:45PM
Kadant Inc. (NYSE: KAI) was included in Fortune’s 2020 list of the
100 fastest-growing companies in the world. In its debut appearance
on the list, Kadant was ranked by Fortune as one of the world’s
best three-year performers in revenue growth, EPS growth, and
annualized total return for the period ending June 30, 2020.
To be eligible, companies must trade on a U.S. stock exchange and
report results in U.S. dollars, among other qualification criteria.
“We are delighted to be recognized as one of the top 100
fastest-growing companies, especially while the pandemic continues
to present challenges to our global economy. This recognition is
indicative of our continued focus on executing our growth
strategies through technology innovation and our strong commitment
to our customers,” said Jeffrey L. Powell, president and chief
executive officer of Kadant. “Kadant plays a critical role in
solving process industry challenges with engineering expertise and
solutions that reduce the utilization of natural resources,
increase productivity, and minimize energy consumption to deliver
the best possible solution to our customers.”
More information about the 2020 rankings is available at
www.fortune.com/100-fastest-growing-companies/2020. All registered
trademarks are property of their respective owners.
About Kadant 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 efficiency,
optimizing energy utilization, and maximizing productivity in
resource-intensive industries. Kadant is based in Westford,
Massachusetts, with approximately 2,700 employees in 20 countries
worldwide. For more information, visit www.kadant.com.
Safe Harbor StatementThe following constitutes
a “Safe Harbor” statement under the Private Securities Litigation
Reform Act of 1995: This press release contains forward-looking
statements that involve a number of risks and uncertainties,
including forward-looking statements about our products,
technologies, and markets. These forward-looking statements
represent our expectations as of the date of this press release. We
undertake no obligation to publicly update any forward-looking
statement, whether as a result of new information, future events,
or otherwise. These forward-looking statements are subject to known
and unknown risks and uncertainties that may cause our actual
results to differ materially from these forward-looking statements
as a result of various important factors, including those set forth
under the heading "Risk Factors" in Kadant’s annual report on Form
10-K for the year ended December 28, 2019 and subsequent filings
with the Securities and Exchange Commission.
ContactsInvestor Contact Information:Michael
McKenney, 978-776-2000mike.mckenney@kadant.com
or
Media Contact Information:Wes Martz,
269-278-1715wes.martz@kadant.com
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