Every material Form 8-K Kadant has filed with the SEC since May 21, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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
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
Kadant said it will prospectively exclude all amortization of acquired intangible assets from its adjusted operating income, adjusted net income and adjusted EPS, replacing its prior practice of excluding only acquired backlog amortization. The change raises the company's adjusted EPS figures and guidance, but the GAAP EPS guidance it issued on February 19, 2026 is unchanged.
Adjusted EPS guidance for fiscal 2026 is now $12.53 to $12.88, up from $10.40 to $10.75 under the previous method; GAAP-basis EPS guidance remains $10.27 to $10.62.
First-quarter 2026 adjusted EPS guidance is now $2.31 to $2.41, up from $1.78 to $1.88; GAAP-basis guidance remains $1.69 to $1.79.
Fiscal 2025 adjusted EPS is restated to $11.01 from $9.26 under the new method, compared with GAAP EPS of $8.65.
The new method is applied prospectively, and the filing includes restated reconciliations for fiscal 2021 through fiscal 2025.
Kadant reported fourth-quarter 2025 revenue up 11% to a record $286.2 million, with GAAP EPS flat at $2.04. For fiscal 2025, revenue was $1.05 billion, roughly flat, while net income fell 9% to $102.0 million and GAAP EPS fell 9% to $8.65. The company expects 2026 revenue of $1.160 billion to $1.185 billion and GAAP EPS of $10.27 to $10.62.
Q4 2025 revenue of $286.2 million rose 11%, including an 8% contribution from acquisitions; Q4 net income was $24.0 million, and GAAP EPS was $2.04 in both periods.
Fiscal 2025 net income was $102.0 million, down 9%; adjusted EPS was $9.26, down 10%.
2026 guidance: revenue of $1.160 to $1.185 billion and GAAP EPS of $10.27 to $10.62; first-quarter 2026 revenue of $270 to $280 million.
Webcast to discuss results is scheduled for February 19, 2026, at 11:00 a.m. Eastern Time.
Kadant Inc. has agreed to buy voestalpine BÖHLER Profil, an Austrian maker of tailor-made special profiles and industrial knives, for approximately 157.0 million Euros in cash, subject to customary adjustments. The deal is expected to close in the first quarter of 2026, pending certain Austrian regulatory approvals, and will be financed primarily through borrowings under Kadant's revolving credit facility, according to the press release. The target reported revenue of 51.5 million Euros for the fiscal year ended March 31, 2025.
Purchase price is approximately 157.0 million Euros in cash, subject to customary adjustments
Expected closing in the first quarter of 2026; no financing condition in the agreement
Target had about 150 employees and revenue of 51.5 million Euros for the fiscal year ended March 31, 2025
Conference call and webcast on February 3, 2026 at 11:00 a.m. Eastern Time
Kadant reported third quarter 2025 revenue of $271.6 million, flat with the prior year, while net income fell 12% to $27.7 million and diluted GAAP EPS fell to $2.35 from $2.68. The company raised its 2025 revenue guidance to $1.036 billion to $1.046 billion but cut its 2025 GAAP EPS guidance to $8.52 to $8.72, and kept adjusted EPS guidance at $9.05 to $9.25.
Q3 2025 revenue was $271.6 million, flat versus $271.6 million in Q3 2024; organic revenue fell 4%.
Q3 adjusted EBITDA fell 8% to $58.0 million, and adjusted EBITDA margin was 21.4% versus 23.3%.
2025 revenue guidance raised to $1.036 billion to $1.046 billion from $1.020 billion to $1.040 billion.
2025 GAAP EPS guidance cut to $8.52 to $8.72 from $8.89 to $9.09; adjusted EPS guidance maintained at $9.05 to $9.25.
Kadant Inc. completed its acquisition of Clyde Industries Holdings for $175 million in cash on October 7, 2025, financed mainly through borrowings under its revolving credit facility. Clyde Industries, with about 400 employees and fiscal 2025 revenue of $92 million, will join Kadant's Industrial Processing segment, and the company will hold an investor call on October 9, 2025 to discuss the deal.
Purchase price: $175 million in cash, subject to customary adjustments
Clyde Industries revenue for the fiscal year ended February 28, 2025: $92 million
Acquisition primarily financed through borrowings under Kadant's revolving credit facility
Investor webcast and conference call scheduled for October 9, 2025 at 11:00 a.m. Eastern Time
Kadant entered into an Eighth Amendment to its credit agreement on September 26, 2025. The amendment raises the revolving loan commitments from $400 million to $750 million and extends the unsecured facility's maturity to September 26, 2030. For shareholders, the filing shows a larger and longer-dated borrowing capacity, with the filing giving no information on current borrowings or the reason for the change.
Revolving loan commitments increased from $400 million to $750 million
Facility maturity extended to September 26, 2030, five years after the effective date
Multicurrency sublimit raised from $300 million to $400 million; letter of credit sublimit from $80 million to $100 million
Australian subsidiary Vayeron Pty Ltd added as an authorized borrower; Australian Dollars added as a currency
Kadant reported second-quarter 2025 results with revenue down 7% to $255.3 million and net income down 16% to $26.2 million, while bookings rose 7% to $269.4 million. The company kept its full-year revenue and adjusted EPS guidance but lowered its GAAP EPS guidance by $0.08 at the midpoint, reflecting higher acquisition-related costs.
Revenue fell 7% to $255.3 million; organic revenue fell 8%
Bookings rose 7% to $269.4 million; ending backlog was $299 million
GAAP EPS fell 17% to $2.22 and adjusted EPS fell 18% to $2.31; operating cash flow rose 44% to $40.5 million
Full-year revenue guidance of $1.020 to $1.040 billion and adjusted EPS of $9.05 to $9.25 maintained; GAAP EPS guidance revised to $8.89 to $9.09 from $8.97 to $9.17
Kadant reported first quarter 2025 revenue of $239 million, down 4% from a year earlier, and GAAP EPS of $2.04, down 3%. The company lowered its full-year 2025 guidance, citing tariff costs of $5 million to $6 million and customers delaying large capital projects into 2026, which lowers the outlook for shareholders.
Q1 2025 revenue fell 4% to $239.2 million; bookings rose 3% to $256.2 million
Q1 GAAP EPS fell 3% to $2.04; adjusted EPS fell 12% to $2.10
2025 revenue guidance cut to $1.020 billion to $1.040 billion from $1.040 billion to $1.065 billion
2025 GAAP EPS guidance cut to $8.97 to $9.17 from $9.63 to $9.98; adjusted EPS guidance cut to $9.05 to $9.25 from $9.70 to $10.05
Kadant reported fourth-quarter and fiscal 2024 results on February 12, 2025. Revenue grew, but GAAP diluted EPS fell in both the quarter and the full year, and the company's 2025 adjusted EPS guidance of $9.70 to $10.05 sits below its 2024 adjusted EPS of $10.28. Shareholders get a mixed picture: sales are up, while per-share profit and the adjusted outlook are weaker.
Q4 2024 net income fell 12% to $24 million and GAAP diluted EPS fell 12% to $2.04; Q4 interest expense rose to $4.6 million from $1.7 million.
Fiscal 2024 revenue rose 10% to $1.05 billion, while GAAP diluted EPS fell 4% to $9.48 and adjusted EPS rose 2% to $10.28.
2025 guidance: revenue of $1.040 to $1.065 billion, GAAP EPS of $9.63 to $9.98, and adjusted EPS of $9.70 to $10.05; guidance excludes any tariff impact.
Webcast and conference call to discuss results scheduled for February 13, 2025, at 11:00 a.m. Eastern.
Kadant reported third-quarter 2024 revenue of $271.6 million, up 11% from a year earlier, though organic revenue fell 1% excluding acquisitions. Net income attributable to Kadant rose 2% to $31.6 million, and adjusted EPS rose 6% to $2.84. The company raised its 2024 adjusted EPS guidance to $9.93 to $10.13 and narrowed its revenue guidance to $1.047 to $1.055 billion.
Q3 revenue $271.6 million, up 11%; organic revenue down 1%, with acquisitions adding 12%
Net income $31.6 million, up 2%; GAAP diluted EPS $2.68, up 2%; adjusted EPS $2.84, up 6%
2024 adjusted EPS guidance raised to $9.93 to $10.13 from $9.80 to $10.05
2024 revenue guidance narrowed to $1.047 to $1.055 billion from $1.045 to $1.065 billion
Kadant reported second-quarter 2024 revenue up 12% to a record $275 million and adjusted EPS up 11% to $2.81, while GAAP EPS rose 5% to $2.66. The company raised the low end of its full-year revenue and adjusted EPS guidance but lowered its full-year GAAP EPS guidance to $9.20 to $9.45 due to acquisition-related costs.
Q2 2024 revenue rose 12% to $274.8 million; organic revenue grew 2%, with acquisitions adding 11%
Full-year 2024 revenue guidance is $1.045 to $1.065 billion, up from $1.040 to $1.065 billion at the low end
Full-year GAAP EPS guidance was cut to $9.20 to $9.45 from $9.39 to $9.69, with acquisition-related costs of $0.60 per share
Management will discuss results on a webcast and conference call on July 31, 2024 at 11:00 a.m. Eastern
At its May 15, 2024 annual meeting, Kadant's stockholders approved an amendment extending the term of the company's amended and restated 2006 Equity Incentive Plan by 10 years, to May 15, 2034. The Board had adopted the amendment subject to stockholder approval, and the filing gives no financial figures for the plan.
Annual meeting held May 15, 2024; stockholders approved the Plan amendment
Plan term extended by 10 years, to May 15, 2034
Full plan details are in the March 27, 2024 definitive proxy statement
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