Kadant Inc. filings document the public-company record for a Delaware industrial technology supplier whose common stock trades on the New York Stock Exchange under KAI. Recent 8-K reports furnish operating and financial results, earnings releases, Regulation FD presentation materials, and changes in non-GAAP financial measure presentation tied to acquired intangible assets.
Proxy materials cover board governance, executive compensation, equity awards, shareholder voting matters, and pay-versus-performance data. The filing record also includes capital-structure and material-event disclosures associated with Kadant’s common stock and corporate reporting obligations.
KADANT INC (KAI) reported third-quarter revenue of $313.2 million, up 15.3% year over year, and net income attributable to Kadant of $35.1 million, up 26.5%. Adjusted EBITDA was $71.7 million, up 23.6%; diluted GAAP EPS was $2.96 and adjusted EPS was $3.64. Operating cash flow reached $62.9 million, up 33.1%, while gross margin declined 50 basis points to 44.7%.
Results varied by segment: Industrial Processing revenue rose 34.8%, Flow Control revenue rose 8.0%, and Material Handling revenue fell 4.2%; Material Handling adjusted EBITDA declined 9.2%. For 2026, Kadant expects revenue of $1.195 billion to $1.210 billion and GAAP EPS of $9.88 to $10.03. It raised adjusted EPS guidance to $12.58 to $12.73 from $12.43 to $12.68. Fourth-quarter expectations are revenue of $287 million to $302 million, GAAP EPS of $2.01 to $2.16, and adjusted EPS of $2.67 to $2.82. Management said economic and geopolitical uncertainty continues to influence the timing of large capital orders.
Kadant Inc. director John M. Albertine received 128 common shares on October 3, 2026, through partial vesting of a restricted stock unit award. Under the award agreement, the remaining shares vest on the last day of the issuer’s fourth quarter in fiscal 2026, provided he continues to serve as a director.
Kadant Inc director Thomas C. Leonard partially vested 128 Restricted Stock Units on October 3, 2026, and received 128 shares of common stock under an award agreement dated March 11, 2026. His direct common-stock holdings after the transaction were 4,898 shares. The form lists 128 Restricted Stock Units following the transaction. A footnote says the remainder of the award vests on the last day of Kadant’s fiscal 2026 fourth quarter if he continues to serve as a director.
Kadant Inc. director Rebecca Martinez O'Mara had 128 restricted stock units partially vest on October 3, 2026, with delivery of 128 common shares under an award agreement dated March 11, 2026. Her resulting direct common-stock holdings were 1,657 shares. The reported post-transaction balance was 128 restricted stock units; the remaining units vest on the last day of Kadant's fourth quarter in fiscal 2026, provided she continues to serve as a director.
Kadant Inc. director Jonathan W. Painter had 128 restricted stock units partially vest on October 3, 2026, with 128 common shares delivered under the award. His direct common-stock holdings following the transaction were 9,133 shares; 3 common shares were held indirectly by his son. The restricted stock unit award agreement is dated March 11, 2026.
Kadant Inc director Erin L. Russell partially vested 128 restricted stock units on October 3, 2026, and received 128 common shares under an award agreement dated March 11, 2026. Her reported post-transaction position was 3,582 common shares and 128 restricted stock units, both held directly. The award's remaining shares vest on the last day of Kadant's fourth quarter in fiscal 2026, provided she continues to serve as a director.
Kadant Inc. (KAI) announced a structured CEO succession plan. The board appointed Michael C. Colwell as president and chief operating officer effective October 1, 2026, and as president, chief executive officer, and director effective January 2, 2027. He joins the board in a class whose term ends in 2028 and will not receive separate director compensation.
As part of the plan, Jeffrey L. Powell will remain president through September 30, 2026 and CEO through January 2, 2027, then serve as executive chairman on a part-time basis until his planned retirement on January 1, 2028, after which he is expected to continue as non-executive chairman. Kadant entered into a detailed Transition and Executive Chairman Agreement with Mr. Powell covering salary reductions aligned with his reduced schedule, eligibility for cash incentive bonuses for fiscal 2026 and 2027 only, continued participation in benefit plans, potential accelerated vesting of restricted stock units upon serving through retirement, and non‑compete, non‑solicitation, and confidentiality obligations.
Jonathan W. Painter, current chairman, will resign from the board and as chairman on January 2, 2027, and has indicated his departure is not due to any disagreement with the company.
Kadant Inc. reported solid growth for the quarter and six months ended July 4, 2026, driven by acquisitions and stronger capital equipment demand. Second-quarter revenue was $312.9 million, up from $255.3 million a year earlier, while net income attributable to Kadant rose to $32.5 million from $26.2 million; diluted EPS increased to $2.75 from $2.22. For the first six months, revenue reached $594.4 million versus $494.5 million, with net income attributable to Kadant of $58.0 million versus $50.2 million and diluted EPS of $4.91 versus $4.26.
Profitability mixed: consolidated gross margin declined to 43.8% in the quarter (from 45.9%) and 44.4% year-to-date (from 46.0%) as product mix shifted toward capital equipment and acquired businesses with lower gross margins. Adjusted EBITDA margin remained around 21%. Operating income still improved to $50.9 million in the quarter and $91.0 million year-to-date, reflecting higher volume and acquisition contributions.
Kadant completed the $170.1 million Kadant Profil acquisition in April 2026, adding $111.1 million of goodwill and $22.2 million of intangibles, funded through its revolving credit facility. Total debt obligations rose to $510.6 million, including $502.5 million drawn on the revolver, while cash and cash equivalents increased to $134.5 million. Operating cash flow for the first six months was a strong $75.4 million, supporting ongoing investment and integration activities.
Kadant Inc. reported strong results for the second quarter ended July 4, 2026, with revenue of $312.9 million, up 22.6% from a year ago, and bookings of $312.1 million. Net income attributable to Kadant grew to $32.5 million, or $2.75 per diluted share, while adjusted EPS rose to a record $3.42. Adjusted EBITDA increased 30% to a record $68.1 million, representing a 21.8% margin, though the consolidated gross margin declined to 43.8% from 45.9%.
Operating cash flow increased to $53.5 million and free cash flow to $42.6 million, and backlog stood at $340 million. By segment, Flow Control generated $100.3 million of revenue, Industrial Processing $143.8 million, and Material Handling $68.8 million, all up year over year. As of July 4, 2026, cash and equivalents were $137.6 million and debt obligations $508.2 million, for a leverage ratio of 1.72. Kadant now expects 2026 revenue of $1.190–$1.210 billion, GAAP EPS of $9.78–$10.03, and adjusted EPS of $12.43–$12.68, and guides third‑quarter revenue to $297–$307 million with GAAP EPS of $2.28–$2.38 and adjusted EPS of $2.90–$3.00.
Wasatch Advisors, a Delaware entity, reports beneficial ownership of 868,696 shares of Kadant Inc common stock in a Schedule 13G/A, representing 7.4% of the class. This positions Wasatch Advisors as a significant institutional holder of Kadant Inc.
Wasatch Advisors has sole voting power over 589,735 shares and sole dispositive power over 868,696 shares, with no shared voting or dispositive power. The reporting person’s business address is listed as 505 Wakara Way, 3rd Floor, Salt Lake City, Utah.