Kadant Declares Cash Dividend
Kadant Inc. (NYSE:KAI) announced that its board of directors has approved a quarterly cash dividend to stockholders of $0.19 per
share to be paid on February 9, 2017 to stockholders of record as of the close of business on January 12, 2017. 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 revenue
of $390 million in fiscal year 2015 and 2,000 employees in 18 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. Our actual results may 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 January 2, 2016 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 revenue from large capital equipment and systems projects; the variability and
uncertainties in sales of capital equipment in China; currency fluctuations; our customers’ ability to obtain financing for capital
equipment projects; changes in government regulations and policies; the oriented strand board market and levels of residential
construction activity; development and use of digital media; price increases or shortages of raw materials; dependence on certain
suppliers; international sales and operations; economic conditions and regulatory changes caused by the United Kingdom’s likely
exit from the European Union; disruption in production; our acquisition strategy; our internal growth strategy; competition;
soundness of suppliers and customers; our effective tax rate; future restructurings; soundness of financial institutions; our debt
obligations; restrictions in our credit agreement; loss of key personnel; reliance on third-party research; protection of patents
and proprietary rights; failure of our information systems or breaches of data security; fluctuations in our share price; and
anti-takeover provisions. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new
information, future events, or otherwise.
Kadant Inc.
Investor Contact Information:
Michael McKenney, 978-776-2000
mike.mckenney@kadant.com
or
Media Contact Information:
Wes Martz, 269-278-1715
wes.martz@kadant.com
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