Kadant SEC Filings

Kadant Inc. Vice President Thomas Andrew Blanchard received new equity awards. On March 10, 2026, he was granted 768 Restricted Stock Units and a separate grant of 192 Restricted Stock Units, each RSU representing one share of Kadant common stock.

The 768-unit award vests and is paid in three equal installments starting on March 10, 2027, if fiscal 2026 performance targets are met and he remains employed on each vesting date, with a maximum payout of 150% of the granted amount. The 192-unit award vests in three annual installments beginning on March 10, 2027, subject to continued employment.

Following these awards, Blanchard holds 1,260 shares of Kadant common stock directly, including 72 shares acquired through the company’s employee stock purchase plan on December 31, 2025. These transactions are compensation-related grants, not open-market purchases or sales.

Kadant Inc Senior Vice President & Chief Accounting Officer Deborah Selwood reported new equity compensation awards. She received two grants of restricted stock units, one for 528 RSUs tied to fiscal 2026 performance and one for 132 RSUs based on continued employment.

Each RSU corresponds to one share of Kadant common stock. Both awards vest in three annual installments beginning on March 10, 2027, subject to their respective conditions, and the performance-based grant can pay up to 150% of the RSU amount. Following these awards, she directly holds 20,507 common shares, including 72 shares acquired through the employee stock purchase plan on December 31, 2025.

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.

Kadant Inc. is changing how it calculates its non-GAAP metrics, including adjusted operating income, adjusted net income, and adjusted EPS, by now excluding all amortization expense related to acquired intangible assets rather than only acquired backlog. The company furnished reconciliations showing the impact of this change on past periods and updated guidance. For the twelve months ending January 2, 2027, EPS attributable to Kadant is guided to $10.27–$10.62, while adjusted EPS under the new methodology is $12.53–$12.88. For the three months ending March 28, 2026, reported EPS guidance is $1.69–$1.79, with adjusted EPS of $2.31–$2.41.

Kadant Inc. reported solid fourth-quarter and full-year 2025 results with strong cash generation but softer earnings. Q4 revenue rose 11% to a record $286.2 million, while adjusted EPS edged up to $2.27 and adjusted EBITDA grew 11% to $58.0 million with a 20.3% margin.

For 2025, revenue was essentially flat at $1,052.2 million, but GAAP EPS fell 9% to $8.65 and adjusted EPS declined to $9.26 as tariffs, cost pressures, and weaker capital project activity weighed on margins. Even so, operating cash flow reached a record $171.3 million and free cash flow was $154.3 million, supported by record parts and consumables revenue representing 71% of sales.

Bookings were robust, increasing 5% for the year to $1,033.9 million, highlighting healthy demand across Flow Control, Industrial Processing, and Material Handling. Looking to 2026, Kadant expects revenue between $1.160 and $1.185 billion and GAAP EPS of $10.27 to $10.62, with adjusted EPS, as currently reported, projected between $12.53 and $12.88, implying meaningful earnings growth.

Kadant Inc received an amended Schedule 13G showing that Kayne Anderson Rudnick Investment Management, LLC beneficially owned 1,189,442 Kadant ordinary shares, representing 10.1% of the class as of 12/31/2025. The filer reports sole voting power over 781,645 shares and shared voting power over 212,222 shares. It also reports sole dispositive power over 977,220 shares and shared dispositive power over 212,222 shares. Kayne Anderson Rudnick certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Kadant.

Kadant Inc. plans to host a webcast and conference call on February 3, 2026 to discuss its proposed acquisition of voestalpine BÖHLER Profil GmbH & Co KG. An investor presentation describing the transaction is furnished as an exhibit and posted in the company’s investor section online.

The company includes a detailed safe harbor statement, emphasizing that expectations about the acquisition’s benefits, financing, timing, and future performance are forward-looking and subject to numerous risks. These risks cover the ability to close and finance the deal, integration challenges, potential business disruptions, market conditions, and broader operational and regulatory uncertainties.

Kadant Inc. agreed to acquire voestalpine BÖHLER Profil for approximately 157.0 million Euros in cash, subject to customary adjustments. The target is a leader in tailor-made special steel profiles and high-performance industrial knives and will join Kadant’s Industrial Processing segment under the new name Kadant Profil.

The transaction is expected to close in the first quarter of 2026, subject to Austrian regulatory approvals and other customary closing conditions, and there is no financing condition to closing. The agreement includes typical representations, warranties, covenants, indemnities, and seller non-compete and non-solicitation provisions, and may be terminated if not completed by September 30, 2026.

Kadant Inc. director reports vesting of restricted stock units. A director of Kadant Inc. reported that on January 3, 2026, 131 shares of Kadant common stock were delivered upon partial vesting of a restricted stock unit award granted under an agreement dated May 14, 2025. Following this transaction, the director beneficially owns 8,748 shares of Kadant common stock directly and 3 shares indirectly through the director’s son. The transaction was reported on a Form 4 as a mandatory insider ownership update.