Here are the 10-K annual reports from Kadant Inc. (KAI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow KAI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KAI filings page.
Kadant Inc. outlines its global industrial equipment business for the fiscal year ended January 3, 2026, highlighting three segments: Flow Control, Industrial Processing, and Material Handling, all focused on its Sustainable Industrial Processing® strategy.
The company reports an order backlog of $288.2 million at January 3, 2026, up from $257.4 million a year earlier, with most expected to ship within 12 months. Research and development spending rose to $15.3 million in 2025 from $14.3 million in 2024, underscoring an emphasis on product innovation.
Kadant continues to pursue acquisitions as a key growth driver. In 2025 it bought Italy-based Babbini for about $16.5 million and Clyde Industries for $173.7 million, both bolstering the Industrial Processing segment. In early 2026 it agreed to acquire voestalpine BÖHLER Profil for approximately 157.0 million euros, subject to Austrian approvals.
The company describes diversified end markets—paper and packaging, wood products, mining, food, recycling—and notes that no single customer accounts for 10% or more of revenue. It also details extensive risk factors, including cyclical demand for capital equipment, acquisition integration challenges, cybersecurity threats, tariffs and trade sanctions, environmental and climate-related regulation, and geopolitical and macroeconomic uncertainty across its global footprint.