Oct. 8 at 3:23 PM
$KAI drops 2.4% after acquiring Clyde Industries for
$175M 💼
📉 Shares lost 9.8% in the past 3 months against industry growth of 0.6%
📊 Despite a solid backlog, Industrial Processing segment revenues fell 16.5% in Q2
Discover if KAI can bounce back from this decline 👉 https://www.zacks.com/stock/news/2764600/kadant-acquires-clyde-industries-boosts-product-portfolio?cid=sm-stocktwits-2-2764600-body-15150&ADID=SYND_STOCKTWITS_TWEET_2_2764600_BODY_15150