KAI

Kadant Declares Cash Dividend

Retrieved on: 
Wednesday, March 6, 2024

WESTFORD, Mass., March 06, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors increased its quarterly cash dividend to stockholders to $0.32 per share to be paid on May 8, 2024 to stockholders of record as of the close of business on April 10, 2024.

Key Points: 
  • WESTFORD, Mass., March 06, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors increased its quarterly cash dividend to stockholders to $0.32 per share to be paid on May 8, 2024 to stockholders of record as of the close of business on April 10, 2024.
  • Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change.

First Financial Bank Uses Kasisto’s AI-Powered Digital Assistant to Drive 27% Increase in New Certificates of Deposit

Retrieved on: 
Thursday, February 22, 2024

“Integrating Gabby into our First Financial team has been crucial to elevating the client experience,” said Brad Waldhoff, Chief Information Officer at First Financial Bank.

Key Points: 
  • “Integrating Gabby into our First Financial team has been crucial to elevating the client experience,” said Brad Waldhoff, Chief Information Officer at First Financial Bank.
  • The bank launched its new KAI-powered intelligent digital assistant “Gabby” in May 2023 to provide customers with a frictionless experience between digital and employee-assisted channels.
  • In this way, Gabby bridges the gap between customers’ digital and physical banking experiences, ensuring queries are resolved seamlessly through either channel.
  • Since Gabby’s launch in mid-2023, First Financial Bank has closely monitored Gabby’s performance on a variety of business criteria.

ANTA and Kyrie Irving Celebrate the Launch of ANTA KAI 1

Retrieved on: 
Tuesday, February 27, 2024

LOS ANGELES, Feb. 27, 2024 /PRNewswire/ -- ANTA proudly announces the global launch of the ANTA KAI 1, the first addition to Kyrie Irving's signature line of basketball footwear.  This isn't just another sneaker release; it's a cultural mosaic curated by illustrious Black Footwear Design Director Jared Subawon, whose six-year tenure at ANTA has been marked by sneaker drops that resonate deeply and push the boundaries of design.

Key Points: 
  • LOS ANGELES, Feb. 27, 2024 /PRNewswire/ -- ANTA proudly announces the global launch of the ANTA KAI 1 , the first addition to Kyrie Irving's signature line of basketball footwear.
  • The ANTA KAI 1 is a celebration of this commitment and a step forward in sneaker culture that emphasizes the power of inclusive storytelling through design.
  • The ANTA KAI 1 sneaker speaks volumes, serving as a conduit for Kyrie's "Enlightened Warrior" ethos.
  • With the ANTA KAI 1 launch, ANTA and Kyrie invite athletes, artists, creators, and sneakerheads to experience a shoe that is not just an athletic tool but a narrative piece—a fusion of tradition, performance, and cutting-edge design.

Burrell Communications Group wins ANTA Account

Retrieved on: 
Wednesday, February 14, 2024

CHICAGO, Feb. 14, 2024 /PRNewswire/ -- The year 2024 looks to be a promising one for Burrell Communications Group, one of the world's most highly regarded multicultural advertising agencies, as the company is leading off the year with an exciting new business win, bringing home the ANTA Sports business.

Key Points: 
  • "We are tremendously energized and excited about being chosen to partner with the ANTA brand and Irving family to bring ANTA to the U.S.
  • "I'm thrilled to partner with Burrell Communications Group for the launch of my new signature ANTA KAI 1 shoe line.
  • "In partnership with Burrell Communications Group, ANTA US is poised to deliver a narrative that not only captivates and engages, but also exemplifies our unwavering commitment to excellence across all facets of our brand story."
  • This is why the introduction of Kyrie Irving's KAI 1 by ANTA, creatively managed by Burrell Communications Group, is a perfect match for our vision," Shetellia Riley Irving, CEO, relates.

Kadant Named to Newsweek’s List of America’s Most Responsible Companies 2024

Retrieved on: 
Monday, February 12, 2024

WESTFORD, Mass., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that it was named one of "America's Most Responsible Companies 2024" by Newsweek magazine.

Key Points: 
  • WESTFORD, Mass., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that it was named one of "America's Most Responsible Companies 2024" by Newsweek magazine.
  • This was the fourth consecutive year Kadant has been included on the awards list which assesses companies on Environmental, Social, and Corporate Governance (ESG) factors.
  • “It is an honor to once again be named one of America’s Most Responsible Companies,” said Jeffrey L. Powell, president and chief executive officer of Kadant.
  • The list recognizes 600 companies across 14 industry categories with the highest scores as the most responsible companies in the United States.

Sheraton Grand at Wild Horse Pass Awarded Forbes 2024 Travel Guide Award for Resort Property, KAI Restaurant, and Aji Spa

Retrieved on: 
Monday, February 12, 2024

PHOENIX, Feb. 12, 2024 /PRNewswire-PRWeb/ -- Forbes Travel Guide, the only global rating system for luxury hotels, restaurants, and spas, announced today its 2024 Star Awards. Sheraton Grand at Wild Horse Pass earned the 2024 Travel Guide Five-Star award for KAI, Aji Spa, and the resort and are showcased with other honorees on ForbesTravelGuide.com.

Key Points: 
  • Sheraton Grand at Wild Horse Pass earned the 2024 Travel Guide Five-Star award for KAI, Aji Spa, and the resort and are showcased with other honorees on ForbesTravelGuide.com.
  • Sheraton Grand at Wild Horse Pass has received the 2024 Forbes Travel Guide Recommended Rating for its luxury hotel, and this is the fifth time Aji Spa has been bestowed the prestigious award.
  • Sheraton Grand at Wild Horse Pass remains the only resort in Arizona to boast both a Five-Star restaurant and spa in addition to its Recommended Rating.
  • Sheraton Grand at Wild Horse Pass is a 500-room resort located in the untouched part of the Sonoran Desert.

Kadant to Hold Earnings Conference Call on Thursday, February 15, 2024

Retrieved on: 
Friday, February 9, 2024

During the call the Company will discuss its fourth quarter and full-year financial performance and future expectations.

Key Points: 
  • During the call the Company will discuss its fourth quarter and full-year financial performance and future expectations.
  • To listen to the live call and view the webcast, go to the “Investors” section of the Company’s website at www.kadant.com .
  • A replay of the webcast will be available on our website through March 15, 2024.
  • The earnings release and webcast presentation will be posted in the “Investors” section of our website.

Kadant Acquires KWS Manufacturing Company

Retrieved on: 
Wednesday, January 24, 2024

WESTFORD, Mass., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced it has completed the acquisition of KWS Manufacturing Company, Ltd. (“KWS”) for approximately $84 million in cash, subject to certain customary adjustments.

Key Points: 
  • WESTFORD, Mass., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) today announced it has completed the acquisition of KWS Manufacturing Company, Ltd. (“KWS”) for approximately $84 million in cash, subject to certain customary adjustments.
  • KWS is a leading manufacturer of conveying equipment for the bulk material handling industry.
  • The company manufactures screw conveyors, screw feeders, slide gates, and bucket elevators for process industries, including the food, chemicals, and wood industries.
  • “We are pleased to welcome our colleagues from KWS to the Kadant family,” said Jeffrey L. Powell, president and chief executive officer of Kadant.

Kadant Completes Acquisition of Key Knife, Inc.

Retrieved on: 
Tuesday, January 2, 2024

WESTFORD, Mass., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) has completed its previously announced acquisition of Key Knife, Inc. and certain of its affiliates (“Key Knife”) for approximately $156 million in cash, subject to certain customary adjustments.

Key Points: 
  • WESTFORD, Mass., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) has completed its previously announced acquisition of Key Knife, Inc. and certain of its affiliates (“Key Knife”) for approximately $156 million in cash, subject to certain customary adjustments.
  • Key Knife is a global supplier of engineered knife systems for custom chipping, planing, and flaking solutions for wood product industries.
  • “We are pleased to complete this transaction and welcome our new colleagues from Key Knife to the Kadant family,” said Jeffrey L. Powell, president and chief executive officer of Kadant.
  • “Our acquisition of Key Knife expands our product portfolio and strengthens our respective positions in wood processing industries.

Kadant to Acquire Key Knife, Inc.

Retrieved on: 
Thursday, December 28, 2023

WESTFORD, Mass., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) has entered into a definitive agreement to acquire Key Knife, Inc. and certain of its affiliates (“Key Knife”) for approximately $156 million in cash, subject to certain customary adjustments.

Key Points: 
  • WESTFORD, Mass., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) has entered into a definitive agreement to acquire Key Knife, Inc. and certain of its affiliates (“Key Knife”) for approximately $156 million in cash, subject to certain customary adjustments.
  • Founded in 1986, Key Knife is a global supplier of engineered knife systems for custom chipping, planing, and flaking solutions for wood product industries.
  • “We have known and worked with Key Knife for over 20 years, and they are an excellent fit with Kadant,” said Jeffrey L. Powell, president and chief executive officer of Kadant.
  • We look forward to welcoming the employees of Key Knife to the Kadant family.”
    Christopher W. McDonald, president and chief executive officer of Key Knife, commented, “We are proud of the strong brand Key Knife has built.