BuybackMay 21, 2026, 04:35 PM
Kadant Board Authorizes $50M Share Repurchase Program
AI Summary
Kadant Inc.'s Board of Directors has authorized a new share repurchase program of up to $50 million, effective from May 21, 2026, to May 21, 2027. The repurchases will be at the discretion of company management, considering market conditions and limitations from its credit agreement. This new authorization follows a previous $50 million program under which no shares were repurchased before its expiration on May 15, 2026.
Key Highlights
- Kadant's Board authorized a new share repurchase program.
- The program allows for the repurchase of up to $50 million of equity securities.
- The authorization is effective from May 21, 2026, through May 21, 2027.
- Repurchases will be at the discretion of company management.
- The previous $50 million authorization expired on May 15, 2026.
- No shares were repurchased under the prior authorization.
Price Impact
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