Kadant Inc. reports news about its global supply of technologies and engineered systems for Sustainable Industrial Processing®. The company serves process industries with equipment and services used to enhance efficiency, energy utilization, and productivity, including systems for papermaking, recycling, lumber manufacturing, material handling, and related industrial applications.
Recurring updates for KAI include quarterly and annual results, bookings, revenue, margins, cash flow, backlog, acquisition effects, earnings-call materials, and cash dividend declarations. Company announcements also address governance matters and operating performance across product areas such as flow control, industrial processing, and material handling systems.
Kadant (NYSE: KAI) reported third-quarter revenue of $313.2 million, a record, as earnings and bookings increased from the prior-year quarter. For the quarter ended October 3, 2026, revenue rose 15%, including 4% organic growth and an 11% contribution from acquisitions. Net income attributable to Kadant rose 27% to $35.1 million; diluted earnings per share increased 26% to $2.96. Adjusted earnings per share rose 21% to $3.64.
Bookings increased 22% to $291.1 million, and operating cash flow rose 33% to $62.9 million. Gross margin fell 50 basis points to 44.7%. Kadant raised its 2026 revenue guidance floor to $1.195 billion, retaining a $1.210 billion ceiling. The company expects full-year diluted earnings per share of $9.88–$10.03 and adjusted earnings per share of $12.58–$12.73. Fourth-quarter revenue guidance is $287–$302 million; economic and geopolitical uncertainty continues to influence large capital-order timing.
Kadant (NYSE: KAI) will release its third-quarter 2026 results after the market closes on November 3, 2026.
A webcast on November 4, 2026, at 11:00 a.m. Eastern Time will cover financial performance and future expectations. The earnings release and webcast presentation will be available in the Investors section at kadant.com, with a webcast replay available through December 4, 2026.
Kadant (KAI) announced a CEO succession plan appointing Michael C. Colwell as president and chief operating officer on October 1, 2026, and as president, chief executive officer, and director on January 2, 2027.
Jeffrey L. Powell will remain president through September 30, 2026 and CEO through January 2, 2027, then become executive chairman, with an expected transition to non-executive chairman after his retirement on January 1, 2028. Current chairman Jonathan W. Painter will step down from the board on January 2, 2027. Colwell’s new role follows senior leadership positions overseeing Kadant’s Industrial Processing, wood processing, and fiber-based products businesses, as well as prior service as president and CEO of Carmanah Design and Manufacturing before its acquisition.
Kadant (KAI)/b) declared a quarterly cash dividend of $0.36 per share.The dividend is payable on November 12, 2026 to stockholders of record at the close of business on October 15, 2026. The Board of Directors approved the dividend and states that future dividends will remain subject to Board approval and may be adjusted based on business needs or market conditions.
Kadant (KAI) has been named to Newsweek's list of America's Greatest Companies 2026, recognizing performance in areas such as financial strength, workplace culture, innovation, and sustainability.
The award, presented by Newsweek and Plant-A Insights Group, follows an independent review of 2,800 publicly traded U.S. companies assessed across 10 key areas, including financial strength, employee experience, innovation, and sustainability.
Kadant (NYSE: KAI) reported strong second-quarter 2026 results, with bookings up 16% to $312 million and revenue up 23% to a record $313 million. Net income rose 24% to $32 million, GAAP diluted EPS increased 24% to $2.75, and adjusted EPS grew 26% to a record $3.42. Adjusted EBITDA increased 30% to a record $68 million, or 21.8% of revenue, while operating cash flow rose 32% to $54 million and free cash flow 17% to $43 million. Gross margin declined 210 basis points to 43.8%, partly due to product mix and lower-margin acquisitions. Backlog reached $340 million. For 2026, Kadant now expects revenue of $1.190–$1.210 billion, GAAP EPS of $9.78–$10.03, and adjusted EPS of $12.43–$12.68, and guided Q3 2026 revenue to $297–$307 million with GAAP EPS of $2.28–$2.38.
Kadant (NYSE: KAI) will release its 2026 second quarter results after the market closes on Tuesday, August 4, 2026, and host a webcast on Wednesday, August 5, 2026 at 11:00 a.m. Eastern Time to discuss financial performance and future expectations.
Kadant (NYSE: KAI) announced a new share repurchase authorization of up to $50 million of its equity securities, effective May 21, 2026 through May 21, 2027. Repurchases, if any, will depend on market conditions, management discretion, and credit agreement limitations. Kadant did not repurchase shares under its prior $50 million program that expired May 15, 2026.
Kadant (NYSE:KAI) declared a quarterly cash dividend of $0.36 per share. The dividend will be paid on August 13, 2026 to shareholders of record at the close of business on July 16, 2026.
Future dividends remain subject to Board approval and may change with business needs or market conditions.
Kadant (NYSE: KAI) reported Q1 2026 results: revenue $281.5M (+18% YoY), record bookings $320.8M (+25%), adjusted EPS $2.84 (+14%), and adjusted EBITDA $56.8M (+19%, 20.2% margin). Gross margin declined 110 bps to 45.0% and operating cash flow fell to $21.9M.
Management raised 2026 revenue guidance to $1.178–$1.203B, revised GAAP EPS to $9.80–$10.15 and adjusted EPS to $12.33–$12.68, citing acquisition-related short-term dilution.