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Kadant Inc. Buyback

OLI recorded this information on 5/20/2021

Company: Kadant Inc.
Buyback: KAI buyback
$Amount Authorized: $20,000,000
Buyback Details: Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has authorized the repurchase of up to $20 million of its equity securities effective May 20, 2021 through May 20, 2022. Repurchases may be made in public or private transactions, including under Securities Exchange Act Rule 10b-5-1 trading plans. The timing and amount of any repurchases will be at the discretion of Company management and will be based on market conditions and other considerations, including limitations contained in our credit agreement entered into on March 1, 2017, as amended. The Company has not repurchased any shares of its common stock under the $20 million authorization that expired on May 13, 2021.

Kadant is a supplier of components and engineered systems used in process industries. Through its Flow Control segment, Co. provides custom-engineered products, systems, and technologies that control the flow of fluids used in industrial and commercial applications. Through its Industrial Processing segment, Co. provides equipment, machinery, and technologies used to recycle paper and paperboard and process timber for use in the packaging, tissue, wood products and alternative fuel industries. Through its Material Handling segment, Co. provides products and systems used to handle bulk and materials for secondary processing or transport in the mining, food, and waste management industries.

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Company Name: 
Kadant Inc
Stock buyback: 
KAI buyback
Website: 
www.kadant.com
Sector: 
Industrial Machinery & Equipment
Number of ETFs Holding KAI: 
31
Total Market Value Held by ETFs: 
$202.46M
Total Market Capitalization: 
$2.39B
% of Market Cap. Held by ETFs: 
8.47%
 

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Buy (3.00 out of 4)
15th percentile
(ranked lower than approx. 85% of all stocks covered)

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