Nov 3, 4:44 PM ET
Kadant reported third-quarter 2026 revenue of $313.2 million, up 15% from a year earlier and a company record, with GAAP EPS up 26% to $2.96 and adjusted EPS up 21% to a record $3.64. The company raised its 2026 adjusted EPS guidance to $12.58 to $12.73 from $12.43 to $12.68 and narrowed its revenue guidance to $1.195 to $1.210 billion, though gross margin slipped 50 basis points to 44.7%.
- Q3 bookings rose 22% to $291 million; organic bookings rose 10%, excluding a 12% contribution from acquisitions
- Q3 net income rose 27% to $35 million, and operating cash flow rose 33% to a record $63 million
- Revised 2026 GAAP EPS guidance is $9.88 to $10.03, up from a low end of $9.78; Q4 2026 revenue is expected at $287 to $302 million
- Organic revenue grew four percent in Q3; acquisitions contributed 11 percent
Read the filing on SEC.gov ↗
Sep 10, 4:42 PM ET
Kadant's board adopted a succession plan under which Michael C. Colwell becomes president and chief operating officer on October 1, 2026, and president and chief executive officer on January 2, 2027, when Jeffrey L. Powell becomes executive chairman. Chairman Jonathan W. Painter will leave the board on January 2, 2027. The filing contains no financial results, and the changes are a planned leadership transition for shareholders to track.
- Michael C. Colwell, 60, is senior vice president responsible for the Industrial Processing segment and will join the board on January 2, 2027.
- Jeffrey L. Powell remains president through September 30, 2026, and CEO through January 2, 2027, then becomes executive chairman and retires January 1, 2028.
- Powell's annualized base salary will be $998,900 through January 2, 2027, and $499,450 after that, under a Transition and Executive Chairman Agreement.
- Jonathan W. Painter, current chairman, will cease to serve as a director on January 2, 2027; he stated his resignation did not result from any disagreement with the Company.
Read the filing on SEC.gov ↗
Aug 4, 4:47 PM ET
Kadant reported second-quarter 2026 revenue of $312.9 million, up 23% from a year earlier, and GAAP diluted EPS of $2.75, up 24%. Acquisitions contributed 13 percentage points of the revenue growth, while organic revenue rose 8%. The company raised its 2026 revenue outlook to $1.190 to $1.210 billion but lowered its GAAP EPS outlook to $9.78 to $10.03.
- Revenue $312.9 million, up 23%; organic revenue up 8%, with acquisitions adding 13 points
- Gross margin 43.8%, down 210 basis points from 45.9%; net income $32.5 million, up 24%
- 2026 guidance: revenue $1.190 to $1.210 billion (prior $1.178 to $1.203 billion); GAAP EPS $9.78 to $10.03 (prior $9.80 to $10.15)
- Bookings $312.1 million, up 16%, but organic bookings fell 1%; webcast on August 5, 2026 at 11:00 a.m. ET
Read the filing on SEC.gov ↗
May 5, 4:51 PM ET
Kadant reported first quarter 2026 revenue of $281.5 million, up 18% from a year earlier, with GAAP EPS of $2.16 and adjusted EPS of $2.84, up 6% and 14%. The company raised its 2026 revenue guidance but lowered its 2026 EPS guidance, citing a recent acquisition that is dilutive in the short term.
- Q1 2026 revenue was $281.5 million, up 18%, with organic revenue down 1%; bookings rose 25% to $320.8 million
- Q1 2026 GAAP diluted EPS was $2.16 versus $2.04, and adjusted EPS was $2.84 versus $2.50
- 2026 revenue guidance raised to $1.178 billion to $1.203 billion from $1.160 billion to $1.185 billion
- 2026 GAAP EPS guidance cut to $9.80 to $10.15 from $10.27 to $10.62; adjusted EPS guidance cut to $12.33 to $12.68 from $12.53 to $12.88
Read the filing on SEC.gov ↗
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