Welcome to our dedicated page for KADANT SEC filings (Ticker: KAI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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) 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.
ALBERTINE JOHN M reported acquisition or exercise transactions in this Form 4 filing.
Kadant Inc. director John M. Albertine reported a routine equity compensation event involving restricted stock units. On July 4, 2026, 128 restricted stock units partially vested and were delivered as 128 shares of common stock at a stated price of $0.00 per share, reflecting the nature of the award rather than a market transaction. Following the transaction, he directly held 8,091 shares of common stock and 256 restricted stock units. The footnote explains that the remaining units from the March 11, 2026 award will vest in equal installments on the last day of each of Kadant’s fiscal quarters in 2026, as long as he continues serving as a director.
LEONARD THOMAS C reported acquisition or exercise transactions in this Form 4 filing.
Kadant Inc. director Thomas C. Leonard reported a compensation-related share delivery tied to restricted stock units. On July 4, 2026, 128 restricted stock units vested and were delivered as 128 shares of common stock, following the terms of a March 11, 2026 award agreement.
After the transaction, Leonard directly holds 4,770 shares of common stock and 256 restricted stock units. The remaining units are scheduled to vest in equal installments on the last day of each of Kadant’s fiscal quarters in 2026, as long as he continues serving as a director.
Kadant Inc. director Rebecca Martinez O'Mara acquired 128 shares of Common Stock through restricted stock unit vesting. On July 4, 2026, a portion of her restricted stock unit award vested and delivered 128 shares at a price of $0.00 per share as compensation, not an open-market purchase.
Following the transaction, she directly holds 1,529 shares of Common Stock and 256 restricted stock units. According to the award terms, the remaining units vest in equal installments on the last day of each of Kadant’s fiscal quarters in 2026, contingent on her continued board service.
Painter Jonathan W reported acquisition or exercise transactions in this Form 4 filing.
Kadant Inc. director Jonathan W. Painter reported the vesting of restricted stock units that delivered 128 shares of Common Stock on July 4, 2026. The shares were issued at $0.00 per share under a restricted stock unit award dated March 11, 2026.
After this transaction, Painter holds 9,005 Common Stock shares directly, 256 restricted stock units, and 3 Common Stock shares indirectly held by his son. The remaining units vest in equal installments on the last day of each fiscal quarter in 2026, contingent on his continued board service.
Kadant Inc. director Erin L. Russell acquired 128 shares of Common Stock on July 4, 2026 through partial vesting of a restricted stock unit award. After the transaction, she directly holds 3,454 Common shares and 256 Restricted Stock Units. The remaining RSUs vest in equal quarterly installments during 2026 while she continues serving as a director.
Kadant Inc. President & CEO Jeffrey L. Powell reported an internal share transfer involving company stock. He made a bona fide gift of 12,282 shares of common stock to the Jeffrey L. Powell Revocable Trust for no consideration. According to the disclosure, Powell is the trustee, and he and his immediate family are the sole beneficiaries, so he remains the beneficial owner of the shares held by the trust. Following this transaction, the trust holds 60,949 shares of Kadant common stock indirectly attributed to Powell, while his direct holdings for this block are shown as zero, indicating a change in how the shares are titled rather than an economic sale.