Westford, Massachusetts, USA, 17 February 2009 -- (BUSINESS WIRE) -- Kadant Inc. (NYSE:KAI) announced that it will release its 2008 fourth quarter and full-year results after the market closes on 04 March 2009, and will hold a conference call for investors 05 March 2009 at 11 a.m. Eastern Time. Kadant currently is in the process of completing an analysis of goodwill impairment associated with its stock preparation product line. Kadant estimates that the pre-tax noncash goodwill impairment charge in the fourth quarter of 2008 will range from USD 35 to USD 42 million.
During the call, the company will discuss its fourth quarter and full-year performance, as well as future expectations. To listen, call 800-709-2159 within the United States, or 973-582-2810 elsewhere, and reference conference ID number 80014827. Participants should call at least 10 minutes before the scheduled starting time. The conference call also will be available live on the Web site at www.kadant.com
in the “Investors” section. The earnings release also will be posted in the “Investors” section, under “Investor News.” An audio archive of the call will be available on the Kadant Web site until 03 April 2009.
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. The company's fluid-handling products also are used to optimize production in the steel, rubber, plastics, food, and textile industries. In addition, Kadant produces granules from papermaking byproducts for agricultural and lawn and garden applications. Kadant is based in Westford, Massachusetts, and has 2000 employees in 16 countries worldwide. For more information, visit www.kadant.com.