Kadant authorizes $50 million share repurchase program

Kadant Inc. (NYSE: KAI) announced that its board of directors has authorized a $50 million share repurchase program effective May 21, 2026 through May 21, 2027.

The Westford, Massachusetts-based company said repurchases may be conducted through public or private transactions, including under Securities Exchange Act Rule 10b-5-1 trading plans. The timing and amount of repurchases will be determined by company management based on market conditions and other considerations, including limitations in the company's credit agreement from March 1, 2017.

Kadant did not repurchase any shares under its previous $50 million authorization that expired on May 15, 2026.

The company supplies technologies and engineered systems for industrial processing and operates in 22 countries with approximately 4,000 employees.

You May Also Be Interested In

• Exclusive: National Vision’s CEO on why the market got post-Q1 selloff wrong
• Perceptive Capital Solutions Corp and Freenome Announce Effectiveness of Registration Statement for Proposed Business Combination
• Cantor Equity Partners VII raises $250M in Nasdaq IPO