The industrial machinery firm will repurchase up to $50 million of its shares over the next year under the new authorization.
Kadant (NYSE: KAI) announced a $50 million share repurchase program authorized by its board, effective from May 21, 2026, to May 21, 2027. The company may execute buybacks through open market or private transactions during the period.
The new program follows prior repurchase efforts, though Kadant did not disclose the amount remaining under previous authorizations. The move reflects confidence in the company’s financial position and shareholder value strategy.
Shares of Kadant showed limited immediate reaction in after-hours trading following the announcement.