Kadant: Favorable Outlook But Share Price Lacks Margin Of Safety (Rating Downgrade) [Seeking Alpha]
Kadant Inc (KAI)
Last kadant inc earnings: 4/29 04:34 pm
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US:NYSE Investor Relations:
investor.kadant.com/investor-overview
Company Research
Source: Seeking Alpha
Summary Kadant's 3Q24 revenue grew 11% to $272 million, driven by acquisitions and strong aftermarket demand. North America remains a key growth driver, bolstered by robust demand. On the other hand, European and Asian markets face economic headwinds impacting project activity. Strength in aftermarket demand supports stable margins and long-term growth potential across all segments. Despite strong results and a favorable outlook, KAI's current share price lacks margin of safety. South_agency Synopsis Kadant ( NYSE: KAI ) provides engineered systems and technologies that support sustainable industrial processing. KAI reported robust 3Q24 results as revenue increased 11% year-over-year to $272 million, driven by acquisitions and strong aftermarket demand across Flow Control, Industrial Processing, and Material Handling. Additionally, the company's gross margin This article was written by RL Insights Follower s Follow With years of investing experience in the fin
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KAI
News
- Kadant Inc. (NYSE: KAI) had its price target raised by analysts at Barrington Research from $360.00 to $410.00. They now have an "outperform" rating on the stock.MarketBeat
- Johnson Controls Stock Exhibits Strong Prospects Despite Headwinds [Yahoo! Finance]Yahoo! Finance
- Kadant Hosts 2024 Investor Day [Yahoo! Finance]Yahoo! Finance
- Kadant Hosts 2024 Investor DayGlobeNewswire
- Kadant (KAI) Upgraded to Buy: What Does It Mean for the Stock? [Yahoo! Finance]Yahoo! Finance
KAI
Earnings
- 10/29/24 - Beat
KAI
Sec Filings
- 12/12/24 - Form 8-K
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- KAI's page on the SEC website