WESTFORD, Mass., Dec. 04, 2018 (GLOBE NEWSWIRE) -- 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 February 6, 2019 to stockholders
of record as of the close of business on January 9, 2019. 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.
Our 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.
Contacts
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
