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Kadant, Inc. (KAI) CEO Jeffrey Powell on Q1 2020 Results - Earnings Call Transcript

May 02, 2020 2:22 PM ETKadant Inc. (KAI)
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Kadant, Inc. (NYSE:KAI) Q1 2020 Earnings Conference Call April 30, 2020 11:00 AM ET

Company Participants

Michael McKenney - EVP and CFO

Jeffrey Powell - President and CEO

Conference Call Participants

Chris Howe - Barrington Research Associates

Walter Liptak - Seaport Global Securities


Ladies and gentlemen, thank you for standing by and welcome to the Q1 2020 Kadant Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker for today, Michael McKenney, Executive Vice President and CFO. Sir, you may begin.

Michael McKenney

Thank you, Towanda. Good morning everyone and welcome to Kadant's first quarter earnings call. With me on the call today is Jeff Powell, our President and Chief Executive Officer.

Before we begin, let me read our Safe Harbor statement. Various remarks that we may make today about Kadant's future plans and expectations, financial and operating results and prospects are forward-looking statements for purposes of the Safe Harbor provisions under the Private Securities Litigation Reform Act of 1995.

These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to differ materially from these forward-looking statements as a result of various important factors, including those outlined at the beginning of our slide presentation and those discussed under the heading Risk Factors in our annual report on Form 10-K for the fiscal year ended December 28th, 2019, and subsequent filings with the Securities and Exchange Commission.

In addition, any forward-looking statements we make during this webcast represent our views and estimates only as of today. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so

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