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AI brief of an SEC Form 8-K · Kadant (KAI)

Kadant changes non-GAAP EPS method, excluding all acquired intangible amortization

Neutral Impact 3 of 5 other Written later

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.

Key points

  • 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.

The filing

CompanyKadant (KAI)
Form8-K, current report
Filed with the SECFeb 23, 2026, 4:23 PM ET
Accession number0000886346-26-000015

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 23, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.