Kadant Declares Cash Dividend
September 12 2018 - 4:14PM
Kadant Inc. (NYSE: KAI) announced today that its Board of Directors
has approved a quarterly cash dividend to stockholders of $0.22 per
share to be paid on November 8, 2018 to stockholders of record as
of the close of business on October 11, 2018. Future declarations
of dividends are subject to Board approval and may be adjusted as
business needs or market conditions change.
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 2,500 employees in 20 countries worldwide. For more
information, visit www.kadant.com.
The 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 business, financial performance and cash dividend
program. 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 30, 2017 and subsequent filings
with the Securities and Exchange Commission. These include risks
and uncertainties relating to adverse changes in global and local
economic conditions; the variability and difficulty in accurately
predicting revenues from large capital equipment and systems
projects; our customers’ ability to obtain financing for capital
equipment projects; the variability and uncertainties in sales of
capital equipment in China; international sales and operations; the
oriented strand board market and levels of residential construction
activity; development and use of digital media; currency
fluctuations; price increases or shortages of raw materials;
dependence on certain suppliers; our acquisition strategy; failure
of our information systems or breaches of data security; changes in
government regulations and policies and compliance with laws; our
internal growth strategy; competition; soundness of suppliers and
customers; changes in our tax provision or exposure to additional
tax liabilities; our ability to successfully manage our
manufacturing operations; disruption in production; future
restructurings; economic conditions and regulatory changes caused
by the United Kingdom’s likely exit from the European Union; our
debt obligations; restrictions in our credit agreement; loss of key
personnel; protection of patents and proprietary rights;
fluctuations in our share price; soundness of financial
institutions; environmental laws and regulations; anti-takeover
provisions; and reliance on third-party research.
ContactsInvestor Contact Information:Michael
McKenney, 978-776-2000mike.mckenney@kadant.com orMedia Contact
Information:Wes Martz, 269-278-1715wes.martz@kadant.com
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