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Stock impact report

Kadant Provides Business Update on COVID-19

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., March 19, 2020 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) President and CEO Jeffrey L. Powell today issued the following statement around the coronavirus (COVID-19) outbreak and its impact on Kadant’s operations around the globe: “In recent weeks, the public health response to the COVID-19 outbreak has significantly escalated, and our thoughts remain with the healthcare workers, individuals, and communities most deeply affected by the disease. “As we continue to navigate this evolving situation, we believe providing additional context for the impact COVID-19 is having on our business is appropriate and helpful to our stakeholders. We believe the impact to our business is temporary and would like to proactively share information on our situation. “Our bookings performance to date is ahead of forecast which is consistent with the robust spending typically seen in the first quarter as our customers prepare for annual maintenance outages that take place in the sprin Show less Read more
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