4.5.2006: Meldung: Kadant to Buy its Own Securities

Kadant Inc. announced today that its board of directors has authorized the repurchase of up to $15 million of its equity securities in the open market or in negotiated transactions, effective May 18, 2006 (the date its current repurchase authorization will expire), through May 18, 2007. The timing and amount of any repurchases will be at the discretion of company management and will be based on market conditions and other corporate considerations, including limitations contained in our credit agreement entered into on May 9, 2005, as subsequently amended. Through May 2, 2006, under the existing authorization, the company has repurchased 376,700 shares of its common stock for an aggregate purchase price of approximately $7 million.

Kadant Inc. is a leading supplier to the global pulp and paper industry, with a range of products and services for improving efficiency and quality in pulp and paper production, including paper machine accessories, and systems for stock preparation, fluid handling, and water management. Our fluid-handling products are also used to optimize production in the steel, rubber, plastics, food, and textile industries. In addition, we produce granules from papermaking byproducts for agricultural and lawn and garden applications. Kadant is based in Acton, Massachusetts, with revenues of $244 million in 2005 and approximately 1,400 employees in 16 countries worldwide. For more information, visit www.kadant.com.

SOURCE: Kadant Inc.

Kadant Inc.
Investor contact:
Thomas M. O"Brien, 978-776-2000
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