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WESTFORD, Mass., Sept. 10, 2026 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.36 per share to be paid on November 12, 2026 to stockholders of record as of the close of business on October 15, 2026. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change.

About Kadant
Kadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing®. The Company’s products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 4,000 employees in 22 countries worldwide. For more information, visit kadant.com.

Safe Harbor Statement
The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about our business, financial performance, and cash dividend program. These forward-looking statements represent our expectations as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading “Risk Factors” in Kadant’s Annual Report on Form 10-K for the fiscal year ended January 3, 2026 and subsequent filings with the Securities and Exchange Commission. These include risks and uncertainties relating to adverse changes in global and local economic conditions; the variability and difficulty in accurately predicting revenues from large capital equipment and systems projects; our acquisition strategy; levels of residential construction activity; reductions by our wood processing customers of their capital spending or production of oriented strand board; changes to the global timber supply; development and use of digital media; cyclical economic conditions affecting the global mining industry; demand for coal, including economic and environmental risks associated with coal; failure of our information systems or breaches of data security and cybersecurity incidents; implementation of our internal growth strategy; competition; our ability to successfully manage our manufacturing operations; supply chain constraints, inflationary pressure, price increases or shortages in raw materials; loss of key personnel and effective succession planning; future restructurings; protection of intellectual property; changes to tax laws and regulations; climate change; adequacy of our insurance coverage; global operations; policies of the Chinese government; the variability and uncertainties in sales of capital equipment in China; currency fluctuations; changes to government regulations and policies around the world; compliance with government regulations and policies and compliance with laws; environmental laws and regulations; environmental, health and safety laws and regulations impacting the mining industry; our debt obligations; restrictions in our credit agreement and note purchase agreement; soundness of financial institutions; fluctuations in our share price; and anti-takeover provisions.

Contacts
Investor Contact Information:
Michael McKenney, 978-776-2000
[email protected]

Media Contact Information:
Wes Martz, 978-776-2000
[email protected]

WESTFORD, Mass., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) has been named to Newsweek's list of America's Greatest Companies 2026, recognizing organizations that excel in financial performance, workplace culture, innovation, and sustainability.

"It is an honor to be named as one of America’s Greatest Companies," said Jeffrey L. Powell, president and chief executive officer of Kadant. "This designation reflects our focus on delivering value to our customers, creating opportunities for our employees, and advancing technologies that support sustainable industrial processing."

The award was presented by Newsweek and Plant-A Insights Group following an independent review of 2,800 publicly traded U.S. companies assessed across 10 key areas including financial strength, employee experience, innovation, and sustainability. For methodology and more information, visit https://rankings.newsweek.com/americas-greatest-companies-2026.

About Kadant
Kadant is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing®. The Company’s products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 4,000 employees in 22 countries worldwide. For more information, visit kadant.com.

Safe Harbor Statement
The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about our customers, products, operations, and markets. These forward-looking statements represent our expectations as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading “Risk Factors” in Kadant’s annual report on Form 10-K for the fiscal year ended January 3, 2026 and subsequent filings with the Securities and Exchange Commission.

Contacts
Investor Contact Information:
Michael McKenney, 978-776-2000
[email protected]

Media Contact Information:
Wes Martz, 978-776-2000
[email protected]

BlackRock Inc. bought a new stake in Kadant Inc (NYSE:KAI – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,798,699 shares of the industrial products company’s stock, valued at approximately $565,205,000. BlackRock Inc. owned approximately 15.23% of Kadant as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in Kadant by 12,689.4% in the first quarter. Fifth Third Bancorp now owns 33,892 shares of the industrial products company’s stock valued at $9,908,000 after buying an additional 33,627 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in Kadant during the fourth quarter worth about $1,144,000. Pictet Asset Management Holding SA lifted its holdings in shares of Kadant by 16.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 43,246 shares of the industrial products company’s stock worth $12,326,000 after acquiring an additional 6,123 shares during the last quarter. Riverbridge Partners LLC lifted its holdings in shares of Kadant by 43.4% in the first quarter. Riverbridge Partners LLC now owns 252,230 shares of the industrial products company’s stock worth $73,739,000 after acquiring an additional 76,366 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Kadant in the 4th quarter valued at approximately $42,985,000. Institutional investors own 96.13% of the company’s stock.

Wall Street Analyst Weigh In Several equities research analysts recently issued reports on the stock. Zacks Research lowered shares of Kadant from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. DA Davidson increased their price objective on shares of Kadant from $306.00 to $335.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Wall Street Zen lowered shares of Kadant from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded shares of Kadant from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $380.00 target price on shares of Kadant in a research note on Monday, May 4th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $357.50.

Read Our Latest Stock Analysis on KAI Insider Transactions at Kadant In other Kadant news, SVP Stacy D. Krause sold 1,227 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $334.17, for a total value of $410,026.59. Following the completion of the transaction, the senior vice president directly owned 1,363 shares in the company, valued at approximately $455,473.71. This represents a 47.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.

Kadant Stock Performance Shares of KAI stock opened at $312.71 on Tuesday. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 33.62 and a beta of 1.20. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.49. The business’s 50-day moving average price is $312.90 and its 200-day moving average price is $316.26. Kadant Inc has a 12 month low of $244.87 and a 12 month high of $354.07.

Kadant (NYSE:KAI – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.48. The company had revenue of $312.88 million during the quarter, compared to the consensus estimate of $299.17 million. Kadant had a return on equity of 13.16% and a net margin of 9.52%.The firm’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.31 earnings per share. Kadant has set its FY 2026 guidance at 12.430-12.680 EPS and its Q3 2026 guidance at 2.900-3.000 EPS. Equities research analysts forecast that Kadant Inc will post 12.56 EPS for the current year.

Kadant announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 21st that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 1.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Kadant Company Profile (Free Report)

Kadant Inc, headquartered in Westford, Massachusetts, is a global supplier of high‐value, critical components and engineered systems for the pulp and paper industry and other process industries. The company’s product portfolio spans stock preparation technologies, refiners and pulpers, fluid handling systems, and web‐handling equipment designed to optimize the efficiency and quality of paper production. In addition to capital equipment, Kadant offers aftermarket services, including spare parts, maintenance programs and process optimization consulting, which together support long‐term customer productivity and reliability.

Originally part of a larger industrial conglomerate, Kadant was established as an independent public company in 1991.

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Kadant NYSE: KAI reported record second-quarter revenue, adjusted earnings and EBITDA for 2026, supported by acquisitions, organic growth and continued demand for aftermarket parts and services even as customers delayed some large capital-equipment commitments.

Revenue rose 23% from a year earlier to a record $312.9 million, including 8% organic growth. Organic capital revenue increased 23%, while record aftermarket parts revenue totaled $214.2 million. Bookings increased 16% to $312 million, according to President and Chief Executive Officer Jeff Powell.

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Adjusted EBITDA increased 30% to a record $68.1 million, or 21.8% of revenue, compared with $52.4 million, or 20.5% of revenue, in the prior-year period. GAAP diluted earnings per share increased 24% to $2.75, while adjusted diluted EPS rose 26% to a record $3.42. The adjusted result exceeded the high end of the company’s prior guidance by $0.44, which CFO Michael McKenney attributed largely to lower operating expenses and stronger-than-expected acquisition performance.

Aftermarket demand offsets delayed capital decisions Powell said global capital-equipment markets remained soft amid geopolitical uncertainty, longer customer approval cycles and delayed project releases. However, he said quote activity and commercial engagement remained healthy, and the company believes deferred projects have largely been postponed rather than canceled.

“Our large installed base provides reoccurring profitable revenue through maintenance upgrades, aftermarket parts, and growing service demand,” Powell said. He added that customers are seeking to maximize productivity and reduce input costs.

During the question-and-answer session, Powell said the company’s aftermarket activity has remained at record or near-record levels even though its customers are not operating at record rates. He said this suggests equipment across the installed base has aged and requires more maintenance to remain operational.

Kadant reported equipment backlog of $182 million at quarter-end. McKenney said that as large capital orders are received, they are likely to convert into revenue during 2027. The company expects quarterly bookings to remain around the $300 million level during the second half, he said.

Segment performance Flow Control: Bookings increased 11% year over year, aided by strong aftermarket demand and stronger-than-expected North American capital-project bookings. Revenue increased 5% to $100 million. Aftermarket revenue reached a record $76 million, representing 76% of segment revenue, while adjusted EBITDA margin was 27.7%. Industrial Processing: Bookings rose 29% to $136 million, with recent acquisitions contributing to growth. Revenue reached a record $144 million, including 13% organic growth. Adjusted EBITDA was a record $38 million, equal to 26.1% of revenue. Material Handling: Bookings totaled $73 million, supported by demand for the company’s BELA product line. Adjusted EBITDA increased 7% to $15 million. Powell said the segment has several larger capital projects under discussion and sees opportunities tied to infrastructure, mining, food processing and recycling. Powell said capital projects under discussion span packaging, aerospace, oriented strand board and baling markets. The company booked an $8 million aerospace project during the quarter and continued to receive orders in the OSB market. He said large packaging conversion projects, which can range from $10 million to $25 million, have faced particularly intensive customer review amid uncertainty around tariffs, wars and other macroeconomic conditions.

Margins, cash flow and acquisitions Second-quarter gross margin declined 210 basis points to 43.8%, from 45.9% a year earlier. McKenney said the decline reflected a larger mix of capital revenue and product mix within both the capital and aftermarket categories. The higher-margin aftermarket mix was 68% of revenue, compared with 71% in the prior-year quarter.

The company received a benefit from tariff refunds during the quarter, though that was largely offset by amortization of acquired profit in inventory and deferred profit associated with the Kadant Profil acquisition. McKenney said the company expects to work through remaining acquisition-date inventory during the rest of 2026.

SG&A expenses increased 10% to $81.6 million, but declined as a percentage of revenue to 26.1% from 29%. Operating cash flow increased 32% to $53.5 million, while free cash flow increased 17% to $42.6 million. Capital expenditures rose to $10.9 million from $4 million, partly due to the purchase of a previously leased manufacturing facility.

Net debt was $373 million at the end of the quarter, up $129 million sequentially after the company borrowed $181.8 million to fund a recent acquisition and repaid $29.8 million. Its leverage ratio increased to 1.72 from 1.27 in the first quarter. Kadant had $249 million available under its revolving credit facility, plus $200 million of uncommitted borrowing capacity.

Powell said Clyde Industries, one of the company’s larger recent acquisitions, has performed well. He said Kadant Profil also had a good start, though its reported results are affected by the acquired-profit deferral issue. A smaller technology acquisition tied to fiber-processing and upcycling systems has faced softer near-term demand, he said.

Guidance raised Kadant raised its full-year revenue outlook to $1.19 billion to $1.21 billion, from prior guidance of $1.178 billion to $1.203 billion. It now expects adjusted EPS of $12.43 to $12.68, compared with previous guidance of $12.33 to $12.68.

For the third quarter, the company forecast revenue of $297 million to $307 million and adjusted EPS of $2.90 to $3.00. The adjusted EPS outlook excludes $0.55 of intangible amortization expense and $0.07 of acquisition-related costs.

Management said it remains cautious about the remainder of 2026 due to uncertainty in the timing of capital projects and geopolitical conflicts affecting customer confidence and input costs. Still, Powell said Kadant expects demand to strengthen in the second half relative to the first half, with capital-spending conditions improving into 2027.

About Kadant (NYSE:KAI)Kadant Inc, headquartered in Westford, Massachusetts, is a global supplier of high‐value, critical components and engineered systems for the pulp and paper industry and other process industries. The company's product portfolio spans stock preparation technologies, refiners and pulpers, fluid handling systems, and web‐handling equipment designed to optimize the efficiency and quality of paper production. In addition to capital equipment, Kadant offers aftermarket services, including spare parts, maintenance programs and process optimization consulting, which together support long‐term customer productivity and reliability.

Originally part of a larger industrial conglomerate, Kadant was established as an independent public company in 1991.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Posted by Defense World Staff on Aug 5th, 2026

Amundi boosted its position in Kadant Inc (NYSE:KAI – Free Report) by 29.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,137 shares of the industrial products company’s stock after buying an additional 14,760 shares during the period. Amundi owned approximately 0.55% of Kadant worth $19,036,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of KAI. CWM LLC raised its position in shares of Kadant by 102.3% in the 4th quarter. CWM LLC now owns 87 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 44 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Kadant by 1,300.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 84 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 78 shares during the period. Kestra Investment Management LLC acquired a new stake in Kadant during the second quarter worth approximately $27,000. Kestra Advisory Services LLC bought a new stake in Kadant in the fourth quarter worth approximately $27,000. Finally, Danske Bank A S acquired a new position in Kadant in the fourth quarter valued at approximately $29,000. Institutional investors own 96.13% of the company’s stock.

Kadant Trading Up 3.1% NYSE KAI opened at $334.67 on Wednesday. The company has a current ratio of 2.47, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $306.59 and a 200 day simple moving average of $315.99. Kadant Inc has a 12 month low of $244.87 and a 12 month high of $357.65. The firm has a market capitalization of $3.95 billion, a P/E ratio of 38.16 and a beta of 1.20.

Kadant (NYSE:KAI – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.42 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.48. Kadant had a net margin of 9.45% and a return on equity of 12.13%. The business had revenue of $312.88 million for the quarter, compared to analysts’ expectations of $299.17 million. During the same period in the previous year, the company earned $2.31 earnings per share. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. Kadant has set its FY 2026 guidance at 12.430-12.680 EPS and its Q3 2026 guidance at 2.900-3.000 EPS. On average, analysts predict that Kadant Inc will post 12.42 EPS for the current fiscal year.

Kadant Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 16th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $1.44 annualized dividend and a dividend yield of 0.4%. Kadant’s dividend payout ratio (DPR) is currently 16.42%.

Kadant declared that its board has authorized a share buyback plan on Thursday, May 21st that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase up to 1.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets KAI has been the subject of several recent analyst reports. Zacks Research downgraded shares of Kadant from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Wall Street Zen raised shares of Kadant from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Kadant from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Finally, Barrington Research reiterated an “outperform” rating and set a $380.00 price objective on shares of Kadant in a report on Monday, May 4th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $341.50.

View Our Latest Report on Kadant

Insider Activity at Kadant In related news, SVP Stacy D. Krause sold 1,227 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $334.17, for a total value of $410,026.59. Following the transaction, the senior vice president directly owned 1,363 shares of the company’s stock, valued at approximately $455,473.71. The trade was a 47.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

More Kadant News Here are the key news stories impacting Kadant this week:

Positive Sentiment: Quarterly earnings and revenue beat expectations. Kadant reported adjusted EPS of $3.42, ahead of the $2.94 consensus estimate, while revenue reached approximately $312.9 million versus expectations of $299.2 million. Revenue rose 23% year over year, and adjusted EPS increased from $2.31 in the prior-year quarter. Kadant Q2 earnings report Positive Sentiment: Management raised its 2026 outlook. Full-year adjusted EPS guidance was set at $12.43-$12.68, above the $11.55 analyst consensus. The company also raised its revenue outlook to approximately $1.19 billion-$1.21 billion. Kadant raises 2026 guidance Positive Sentiment: Operating trends remained healthy. Bookings increased 16% to $312.1 million, backlog stood at $340 million, and operating cash flow rose 32% to $53.5 million. Adjusted EBITDA reached $68.1 million, or 21.8% of revenue, supporting the company’s improved outlook. Neutral Sentiment: Third-quarter guidance was below analyst expectations. Kadant forecast revenue of $297 million-$307 million and adjusted EPS of $2.90-$3.00, below consensus estimates of $311.8 million and $3.29, respectively. This may reflect timing or near-term project mix rather than a deterioration in full-year demand. Negative Sentiment: Profit margins declined. Gross margin fell to 43.8% from 45.9% a year earlier, indicating cost or product-mix pressure despite strong revenue growth. Neutral Sentiment: Insider trading was a modest cautionary signal. Two insiders sold shares during the past six months, with no reported insider purchases. Institutional positioning was mixed, with investors both adding to and reducing their holdings. Kadant Company Profile (Free Report)

Kadant Inc, headquartered in Westford, Massachusetts, is a global supplier of high‐value, critical components and engineered systems for the pulp and paper industry and other process industries. The company’s product portfolio spans stock preparation technologies, refiners and pulpers, fluid handling systems, and web‐handling equipment designed to optimize the efficiency and quality of paper production. In addition to capital equipment, Kadant offers aftermarket services, including spare parts, maintenance programs and process optimization consulting, which together support long‐term customer productivity and reliability.

Originally part of a larger industrial conglomerate, Kadant was established as an independent public company in 1991.

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WESTFORD, Mass., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended July 4, 2026.

Second Quarter Financial Highlights

Bookings increased 16% to $312 millionRevenue increased 23% to a record $313 millionGross margin decreased 210 basis points to 43.8%Net income increased 24% to $32 millionGAAP EPS increased 24% to $2.75  Adjusted EPS increased 26% to a record $3.42Adjusted EBITDA increased 30% to a record $68 million and represented 21.8% of revenueOperating cash flow increased 32% to $54 millionBacklog was $340 million Note: Percent changes above are based on comparison to the corresponding prior year quarter. All references to earnings per share (EPS) are to our EPS as calculated on a diluted basis. Adjusted EPS, adjusted EBITDA, adjusted EBITDA margin, free cash flow, and changes in organic revenue are non-GAAP financial measures that exclude certain items as detailed later in this press release under the heading “Use of Non-GAAP Financial Measures.”

Management Commentary
"Our second-quarter results reflect solid execution across our businesses and robust demand for our aftermarket parts and services, resulting in record revenue and strong earnings growth," said Jeffrey L. Powell, president and chief executive officer of Kadant. "Although capital project timing remains challenged by customer caution and extended approval cycles, we continue to see evidence that interest in our products and technologies remains healthy. Our large installed base and disciplined operational execution enabled us to deliver excellent results in the quarter while positioning the company for meaningful upside as capital spending recovers.”

Second Quarter 2026 Compared to 2025
Revenue increased 23 percent to a record $312.9 million compared to $255.3 million in 2025. Organic revenue increased eight percent, which excludes an increase of 13 percent from acquisitions, and two percent from the favorable effect of foreign currency translation. Gross margin decreased 210 basis points to 43.8 percent, compared to 45.9 percent in 2025 due in part to an unfavorable product mix and a lower gross margin profile associated with recent acquisitions.

Net income was $32.5 million, increasing 24 percent compared to $26.2 million in 2025. GAAP EPS increased 24 percent to $2.75 compared to $2.22 in 2025 and adjusted EPS increased 26 percent to a record $3.42 compared to $2.71 in 2025. Adjusted EPS excludes intangible asset amortization expense of $0.55 and acquisition-related costs of $0.13 in 2026, and intangible asset amortization expense of $0.40 and acquisition-related costs of $0.09 in 2025.

Adjusted EBITDA increased 30 percent to a record $68.1 million and represented 21.8 percent of revenue in 2026 compared to $52.4 million and 20.5 percent of revenue in 2025. Operating cash flow increased 32 percent to $53.5 million compared to $40.5 million in 2025. Free cash flow increased 17 percent to $42.6 million compared to $36.5 million in 2025.

Bookings increased 16 percent to $312.1 million compared to $269.4 million in 2025. Organic bookings decreased one percent, which excludes increases of 15 percent from acquisitions and two percent from the favorable effect of foreign currency translation.

Summary and Outlook
“As we look ahead to the second half of the year, we are encouraged by healthy quote activity and active commercial engagement, while the primary headwinds remain customer approval cycles and geopolitical uncertainty,” continued Mr. Powell. “We recognize that the timing of capital project spending can be uneven across our end markets and geographies, and we continue to focus on disciplined execution, cash flow generation, and servicing our customers. We expect revenue of $1.190 to $1.210 billion in 2026, revised from our previous guidance of $1.178 to $1.203 billion, and GAAP EPS of $9.78 to $10.03, revised from our previous guidance of $9.80 to $10.15. We expect adjusted EPS for 2026 of $12.43 to $12.68, revised from our prior guidance of $12.33 to $12.68. Our revised adjusted EPS guidance excludes $2.65 per share of acquisition-related costs. For the third quarter of 2026, we expect revenue of $297 to $307 million, GAAP EPS of $2.28 to $2.38, and adjusted EPS of $2.90 to $3.00, which excludes $0.62 per share of acquisition-related costs.”

Conference Call
Kadant will hold a webcast with a slide presentation for investors on Wednesday, August 5, 2026, at 11:00 a.m. Eastern Time to discuss its second quarter financial performance, as well as future expectations. To listen to the call live and view the webcast, go to the “Investors” section of the Company’s website at kadant.com. Participants interested in joining the call’s live question and answer session are required to register by clicking here or selecting the Q&A link on our website to receive a dial-in number and unique PIN. It is recommended that you join the call 10 minutes prior to the start of the event. A replay of the webcast presentation will be available on our website through September 4, 2026.

Prior to the call, our earnings release and the slides used in the webcast presentation will be filed with the Securities and Exchange Commission and will be available at sec.gov. After the webcast, Kadant will post its updated general investor presentation incorporating the second quarter results on its website at kadant.com under the “Investors” section.

Use of Non-GAAP Financial Measures
In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), we use certain non-GAAP financial measures, including increases or decreases in revenue excluding the effect of acquisitions and foreign currency translation (organic revenue), adjusted operating income, adjusted net income, adjusted EPS, earnings before interest, taxes, depreciation, and amortization (EBITDA), adjusted EBITDA, adjusted EBITDA margin, and free cash flow.

We use organic revenue to understand our trends and to forecast and evaluate our financial performance and compare revenue to prior periods. Organic revenue excludes revenue from acquisitions for the four quarterly reporting periods following the date of the acquisition and the effect of foreign currency translation. Revenue in the second quarter of 2026 included $33.9 million from acquisitions and a favorable foreign currency translation effect of $4.1 million compared to the second quarter of 2025. Revenue in the first six months of 2026 included $67.9 million from acquisitions and a favorable foreign currency translation effect of $13.9 million compared to the first six months of 2025. Our other non-GAAP financial measures exclude amortization expense related to acquired intangible assets, profit in inventory, and backlog (collectively, purchase accounting expenses); acquisition costs; and other income or expense, as indicated. We exclude purchase accounting expenses and acquisition costs to provide a more meaningful and consistent comparison of our operating results over time and with peer companies. While we have a history of acquisition activity, such transactions do not occur on a predictable cycle, and the size and nature of these transactions will vary. We believe it is important for investors to understand that these intangible assets were recorded as part of purchase accounting and that they contribute to revenue generation. We also exclude other items as they are not indicative of our core operating results and are not comparable to other periods, which have differing levels of incremental costs, expenditures or income, or none at all. Additionally, we use free cash flow in order to provide insight on our ability to generate cash for acquisitions and debt repayments, as well as for other investing and financing activities.

We believe these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business, operating results, or future outlook. We believe that the inclusion of such measures helps investors gain an understanding of our underlying operating performance and future prospects, consistent with how management measures and forecasts our performance, especially when comparing such results to previous periods or forecasts and to the performance of our competitors. Such measures are also used by us in our financial and operating decision-making and for compensation purposes. We also believe this information is responsive to investors' requests and gives them additional measures of our performance.

The non-GAAP financial measures included in this press release are not meant to be considered superior to or a substitute for the results of operations or cash flows prepared in accordance with GAAP. In addition, the non-GAAP financial measures included in this press release have limitations associated with their use as compared to the most directly comparable GAAP measures, in that they may be different from, and therefore not comparable to, similar measures used by other companies.

Second Quarter

Adjusted operating income, adjusted EBITDA, and adjusted EBITDA margin exclude:

Pre-tax intangible asset amortization expense of $8.6 million in 2026 and $6.3 million in 2025.Pre-tax profit in inventory and backlog amortization expense of $1.2 million in 2026 and $0.2 million in 2025.Pre-tax acquisition costs of $0.6 million in 2026 and $0.9 million in 2025. Adjusted net income and adjusted EPS exclude:

After-tax intangible asset amortization expense of $6.5 million ($8.6 million net of tax of $2.1 million) in 2026 and $4.8 million ($6.3 million net of tax of $1.5 million) in 2025.After-tax profit in inventory and backlog amortization expense of $0.9 million ($1.2 million net of tax of $0.3 million) in 2026 and $0.2 million in 2025.After-tax acquisition costs of $0.6 million in 2026 and $0.9 million in 2025. Free cash flow is calculated as operating cash flow less:

Capital expenditures of $10.9 million in 2026 and $4.0 million in 2025. First Six Months

Adjusted operating income, adjusted EBITDA, and adjusted EBITDA margin exclude:

Pre-tax intangible asset amortization expense of $17.0 million in 2026 and $12.7 million in 2025.Pre-tax profit in inventory and backlog amortization expense of $2.6 million in 2026 and $0.6 million in 2025.Pre-tax acquisition costs of $1.3 million in 2026 and $1.2 million in 2025. Adjusted net income and adjusted EPS exclude:

After-tax intangible asset amortization expense of $12.8 million ($17.0 million net of tax of $4.2 million) in 2026 and $9.5 million ($12.7 million net of tax of $3.2 million) in 2025.After-tax profit in inventory and backlog amortization expense of $2.0 million ($2.6 million net of tax of $0.6 million) in 2026 and $0.5 million ($0.6 million net of tax of $0.1 million) in 2025.After-tax acquisition costs of $1.3 million in 2026 and $1.2 million in 2025. Free cash flow is calculated as operating cash flow less:

Capital expenditures of $14.2 million in 2026 and $7.8 million in 2025. Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures are set forth in this press release.

 Financial Highlights (unaudited)
(In thousands, except per share amounts and percentages)
             Three Months Ended Six Months EndedConsolidated Statement of Income July 4,
2026 June 28,
2025 July 4,
2026 June 28,
2025Revenue $312,875  $255,267  $594,380  $494,477 Costs and Operating Expenses:         Cost of revenue  175,870   138,225   330,672   267,105  Selling, general and administrative expenses  81,641   73,941   164,179   145,162  Research and development expenses  4,484   3,724   8,540   7,247    261,995   215,890   503,391   419,514 Operating Income  50,880   39,377   90,989   74,963 Interest Income  495   439   846   956 Interest Expense  (5,314)  (3,338)  (9,798)  (7,160)Other Expense, Net  (32)  (17)  (45)  (33)Income Before Provision for Income Taxes  46,029   36,461   81,992   68,726 Provision for Income Taxes  13,182   9,822   23,324   17,650 Net Income  32,847   26,639   58,668   51,076 Net Income Attributable to Noncontrolling Interests  (379)  (480)  (691)  (854)Net Income Attributable to Kadant $32,468  $26,159  $57,977  $50,222           Earnings per Share Attributable to Kadant:         Basic $2.75  $2.22  $4.91  $4.27  Diluted $2.75  $2.22  $4.91  $4.26           Weighted Average Shares:         Basic  11,808   11,776   11,801   11,768  Diluted  11,819   11,793   11,811   11,784                       Three Months Ended
 Three Months Ended
Adjusted Net Income and Adjusted Diluted EPS (a)July 4,
2026
 July 4,
2026
 June 28,
2025
 June 28,
2025
Net Income and Diluted EPS Attributable to Kadant, as Reported$32,468  $2.75  $26,159  $2.22 Adjustments, Net of Tax:             Intangible Asset Amortization  6,460   0.55   4,767   0.40  Profit in Inventory and Backlog Amortization  908   0.08   170   0.01  Acquisition Costs  602   0.05   903   0.08 Adjusted Net Income and Adjusted Diluted EPS (a,b)$40,438  $3.42  $31,999  $2.71                  Six Months Ended
 Six Months Ended
 July 4,
2026
 July 4,
2026
 June 28,
2025
 June 28,
2025
Net Income and Diluted EPS Attributable to Kadant, as Reported$57,977  $4.91  $50,222  $4.26 Adjustments, Net of Tax:             Intangible Asset Amortization  12,768   1.08   9,520   0.81  Profit in Inventory and Backlog Amortization  1,965   0.17   466   0.04  Acquisition Costs  1,273   0.11   1,218   0.10 Adjusted Net Income and Adjusted Diluted EPS (a,b)$73,983  $6.26  $61,426  $5.21                                         Three Months Ended     Increase
Excluding Acquisitions and FX (a,c)
Revenue by Segment July 4,
2026 June 28,
2025
 Increase Flow Control $100,310  $95,947  $4,363  $1,969 Industrial Processing  143,800   95,937   47,863   12,901 Material Handling  68,765   63,383   5,382   4,737     $312,875  $255,267  $57,608  $19,607               Percentage of Parts and Consumables Revenue  68%  71%                     Six Months Ended     Increase
Excluding Acquisitions and FX (a,c)
  July 4,
2026 June 28,
2025
 Increase Flow Control $198,918  $188,388  $10,530  $3,341 Industrial Processing  266,838   185,461   81,377   8,944 Material Handling  128,624   120,628   7,996   5,795     $594,380  $494,477  $99,903  $18,080               Percentage of Parts and Consumables Revenue  71%  73%                     Three Months Ended   Increase (Decrease)
Excluding Acquisitions and FX (c)
Bookings by Segment July 4,
2026 June 28,
2025
 Increase Flow Control $102,828  $93,055  $9,773  $7,352 Industrial Processing  135,943   105,374   30,569   (11,070)Material Handling  73,314   70,946   2,368   1,421     $312,085  $269,375  $42,710  $(2,297)              Percentage of Parts and Consumables Bookings  72%  67%                     Six Months Ended     Increase Excluding Acquisitions and FX (c)
  July 4,
2026 June 28,
2025
 Increase Flow Control $214,374  $193,042  $21,332  $13,744 Industrial Processing  280,445   197,740   82,705   9,952 Material Handling  138,061   134,811   3,250   364     $632,880  $525,593  $107,287  $24,060               Percentage of Parts and Consumables Bookings  71%  70%                     Three Months Ended
 Six Months EndedAdditional Segment Information July 4,
2026
 June 28,
2025 July 4,
2026 June 28,
2025Gross Margin:                  Flow Control  52.5%  53.8%  52.6%  53.6%  Industrial Processing  40.7%  42.6%  41.5%  43.3%  Material Handling  37.6%  38.7%  37.5%  38.2%  Consolidated  43.8%  45.9%  44.4%  46.0%            Operating Income:           Flow Control $24,764  $24,443  $48,968  $47,195   Industrial Processing  27,283   15,486   47,196   32,318   Material Handling  10,853   9,939   18,319   17,474   Corporate  (12,020)  (10,491)  (23,494)  (22,024)    $50,880  $39,377  $90,989  $74,963             Adjusted Operating Income (a,b,d):           Flow Control $26,032  $25,908  $51,506  $50,274   Industrial Processing  33,632   18,794   60,055   38,138   Material Handling  13,542   12,633   23,696   23,060   Corporate  (12,020)  (10,491)  (23,494)  (22,024)    $61,186  $46,844  $111,763  $89,448             Capital Expenditures:           Flow Control (i) $7,027  $1,380  $8,049  $2,889   Industrial Processing  2,366   1,595   3,229   2,920   Material Handling  1,482   993   2,718   1,992   Corporate  72   —   209   3     $10,947  $3,968  $14,205  $7,804                 Three Months Ended Six Months EndedCash Flow and Other Data July 4,
2026 June 28,
2025 July 4,
2026 June 28,
2025Operating Cash Flow $53,510  $40,482  $75,426  $63,317 Capital Expenditures (i)  (10,947)  (3,968)  (14,205)  (7,804)Free Cash Flow (a) $42,563  $36,514  $61,221  $55,513             Depreciation and Amortization Expense $15,544  $12,069  $30,191  $24,082  Balance Sheet Data July 4,
2026
 January 3,
2026Assets     Cash, Cash Equivalents, and Restricted Cash $137,624  $122,681 Accounts Receivable, Net  168,698   158,567 Inventories  216,459   206,854 Contract Assets  9,025   6,599 Property, Plant, and Equipment, Net  228,772   196,656 Intangible Assets  353,932   350,376 Goodwill  660,907   555,621 Other Assets  113,879   114,824     $1,889,296  $1,712,178 Liabilities and Stockholders' Equity     Accounts Payable $56,349  $53,362 Debt Obligations  508,240   372,720 Other Borrowings  2,392   1,781 Other Liabilities  288,566   293,248  Total Liabilities  855,547   721,111  Stockholders' Equity  1,033,749   991,067     $1,889,296  $1,712,178      Three Months Ended Six Months EndedAdjusted Operating Income and Adjusted EBITDA Reconciliation (a) July 4,
2026 June 28,
2025 July 4,
2026 June 28,
2025Consolidated          Net Income Attributable to Kadant $32,468  $26,159  $57,977  $50,222   Net Income Attributable to Noncontrolling Interests  379   480   691   854   Provision for Income Taxes  13,182   9,822   23,324   17,650   Interest Expense, Net  4,819   2,899   8,952   6,204   Other Expense, Net  32   17   45   33   Operating Income  50,880   39,377   90,989   74,963   Intangible Asset Amortization Expense  8,626   6,333   17,011   12,653   Profit in Inventory Amortization Expense (e)  1,201   24   2,610   35   Backlog Amortization Expense (f)  —   202   —   581   Acquisition Costs  604   908   1,278   1,245   Indemnification Asset Provision (g)  (125)  —   (125)  (29)  Adjusted Operating Income (a,b)  61,186   46,844   111,763   89,448   Depreciation Expense  6,918   5,534   13,180   10,848   Adjusted EBITDA (a) $68,104  $52,378  $124,943  $100,296   Adjusted EBITDA Margin (a,h)  21.8%  20.5%  21.0%  20.3%           Flow Control          Operating Income $24,764  $24,443  $48,968  $47,195   Intangible Asset Amortization Expense  1,268   1,226   2,538   2,440   Profit in Inventory Amortization Expense (e)  —   24   —   35   Backlog Amortization Expense (f)  —   184   —   463   Acquisition Costs  —   31   —   39   Indemnification Asset Reversal (g) —   —   —   102   Adjusted Operating Income (a,b)  26,032   25,908   51,506   50,274   Depreciation Expense  1,773   1,855   3,700   3,653   Adjusted EBITDA (a) $27,805  $27,763  $55,206  $53,927   Adjusted EBITDA Margin (a,h)  27.7%  28.9%  27.8%  28.6%           Industrial Processing          Operating Income $27,283  $15,486  $47,196  $32,318   Intangible Asset Amortization Expense  4,669   2,436   9,096   4,814   Profit in Inventory Amortization Expense (e)  1,201   —   2,610   —   Acquisition Costs  604   872   1,278   1,212   Indemnification Asset Provision (g) (125)  —   (125)  (206)  Adjusted Operating Income (a,b)  33,632   18,794   60,055   38,138   Depreciation Expense  3,899   2,468   7,009   4,815   Adjusted EBITDA (a) $37,531  $21,262  $67,064  $42,953   Adjusted EBITDA Margin (a,h)  26.1%  22.2%  25.1%  23.2%           Material Handling          Operating Income $10,853  $9,939  $18,319  $17,474   Intangible Asset Amortization Expense  2,689   2,671   5,377   5,399   Backlog Amortization Expense (f)  —   18   —   118   Acquisition Costs  —   5   —   (6)  Indemnification Asset Reversal (g) —   —   —   75   Adjusted Operating Income (a,b)  13,542   12,633   23,696   23,060   Depreciation Expense  1,221   1,199   2,433   2,357   Adjusted EBITDA (a) $14,763  $13,832  $26,129  $25,417   Adjusted EBITDA Margin (a,h)  21.5%  21.8%  20.3%  21.1%           Corporate          Operating Loss $(12,020) $(10,491) $(23,494) $(22,024)  Depreciation Expense  25   12   38   23   EBITDA (a) $(11,995) $(10,479) $(23,456) $(22,001) (a) Represents a non-GAAP financial measure.   (b) Reflects new methodology, announced on February 19, 2026, to exclude intangible asset amortization expense.   (c) Represents the increase (decrease) resulting from the exclusion of acquisitions and from the conversion of current period amounts reported in local currencies into U.S. dollars at the exchange rate of the prior period compared to the U.S. dollar amount reported in the prior period.   (d) See reconciliation to the most directly comparable GAAP financial measure under “Adjusted Operating Income and Adjusted EBITDA Reconciliation.”   (e) Represents amortization expense within cost of revenue associated with acquired profit in inventory.   (f) Represents intangible amortization expense associated with acquired backlog.   (g) Represents the reversal of or provision for indemnification assets related to the release of or establishment of tax reserves associated with uncertain tax positions.   (h) Calculated as adjusted EBITDA divided by revenue in each period.   (i) Includes $5.8 million paid in the second quarter of 2026 for the purchase of a previously leased manufacturing facility.    About Kadant 
Kadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing®. The Company’s products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 4,000 employees in 22 countries worldwide. For more information, visit kadant.com.

Safe Harbor Statement
The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about our future financial and operating performance, demand for our products, and economic and industry outlook. These forward-looking statements represent our expectations as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading “Risk Factors” in Kadant’s Annual Report on Form 10-K for the fiscal year ended January 3, 2026 and subsequent filings with the Securities and Exchange Commission. These include risks and uncertainties relating to adverse changes in global and local economic conditions; the variability and difficulty in accurately predicting revenues from large capital equipment and systems projects; our acquisition strategy; levels of residential construction activity; reductions by our wood processing customers of their capital spending or production of oriented strand board; changes to the global timber supply; development and use of digital media; cyclical economic conditions affecting the global mining industry; demand for coal, including economic and environmental risks associated with coal; failure of our information systems or breaches of data security and cybersecurity incidents; implementation of our internal growth strategy; competition; our ability to successfully manage our manufacturing operations; supply chain constraints, inflationary pressure, price increases or shortages in raw materials; loss of key personnel and effective succession planning; future restructurings; protection of intellectual property; changes to tax laws and regulations; climate change; adequacy of our insurance coverage; global operations; policies of the Chinese government; the variability and uncertainties in sales of capital equipment in China; currency fluctuations; changes to government regulations and policies around the world; compliance with government regulations and policies and compliance with laws; environmental laws and regulations; environmental, health and safety laws and regulations impacting the mining industry; our debt obligations; restrictions in our credit agreement and note purchase agreement; soundness of financial institutions; fluctuations in our share price; and anti-takeover provisions.

Contacts
Investor Contact Information:
Michael McKenney, 978-776-2000
[email protected] 

Media Contact Information:
Wes Martz, 978-776-2000
[email protected] 

Kadant (KAI +0.77%), a global supplier of industrial processing equipment, reported a sale amid ongoing portfolio adjustments.

Thomas Andrew Blanchard, Vice President of Kadant, reported the sale of 1,400 shares of common stock in an open-market transaction on May 18, 2026, according to the SEC Form 4 filing.

Transaction summaryMetricValueShares sold (direct)1,400Transaction value$451KPost-transaction shares (direct)557Post-transaction value (direct ownership)$175KTransaction value based on SEC Form 4 reported price ($322.04).

Key questionsHow does this sale compare to Blanchard’s previous transactions?
This 1,400-share sale is the largest open-market transaction Blanchard has executed, exceeding his previous maximum of 714 shares sold on Aug. 18, 2025, and represents a significant acceleration in share disposition as his available holdings have declined.What is the impact on Blanchard’s remaining ownership?
After the transaction, Blanchard’s direct holdings fell by 71.54%, leaving him with 557 shares (down from 1,957 prior to the sale), which equates to approximately 15% of his holdings as of May 18, 2026.Was the sale conducted under a prearranged plan or indicative of strategic timing?
The Form 4 does not indicate a Rule 10b5-1 plan, but the pattern of regular sales over the past year suggests systematic portfolio management rather than opportunistic trading.How does the transaction price relate to recent market levels?
The weighted average sale price of around $322.04 per share was executed near the May 18, 2026 market close of $314.21, and sits approximately 4.9% above the most recent price of $306.90 as of May 21, 2026.Company overviewMetricValueRevenue (TTM)$1.09 billionNet income (TTM)$105 millionDividend yield0.47%1-year price change3.5%* 1-year price change calculated using June 26, 2026 as the reference date.

Company snapshotOffers engineered systems and technologies for fluid handling, industrial processing, and material handling, including rotary joints, debarkers, chippers, automation systems, and conveying equipment.Generates revenue through the design, manufacture, and sale of specialized equipment and consumables for industrial customers, with a diversified product portfolio supporting recurring sales and aftermarket services.Serves a global customer base in the packaging, tissue, wood products, alternative fuels, agriculture, and industrial sectors.Kadant is a leading industrial machinery provider with a diversified business model spanning flow control, industrial processing, and material handling solutions. The company leverages its engineering expertise and global footprint to deliver mission-critical equipment and consumables to a broad industrial customer base.

What this transaction means for investorsBlanchard has been selling after annual RSU vests for several years running, and this fits that same rhythm. What's worth weighing separately is where Kadant stands in the industrial cycle. Its end markets — packaging, tissue, wood products — tend to lag broader economic turns, which means a slowdown shows up in capital equipment orders before it hits earnings. The aftermarket consumables business provides a cushion, but it doesn't eliminate cyclical exposure. The stock's recent pullback brings valuation closer to fair for a business of this quality, but the near-term setup depends on industrial demand holding up. Kadant suits investors who want steady compounding from a niche industrial operator rather than a high-growth story — it's the kind of holding that earns its place in a diversified portfolio as ballast alongside larger sector names. If you're still building out your industrials exposure, our overview of the largest companies in the sector is a useful place to start. It's a fit for patient investors who can tolerate a slow quarter or two while the industrial backdrop stabilizes.

Seena Hassouna has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Gorman-Rupp (NYSE: GRC - Get Free Report) and Kadant (NYSE: KAI - Get Free Report) are both industrials companies, but which is the superior stock? We will contrast the two companies based on the strength of their valuation, analyst recommendations, risk, dividends, institutional ownership, earnings and profitability. Profitability This table compares Gorman-Rupp and Kadant's net margins, return

Posted by Defense World Staff on Apr 1st, 2026

Omnitek Engineering (OTCMKTS:OMTK – Get Free Report) and Kadant (NYSE:KAI – Get Free Report) are both industrials companies, but which is the better business? We will contrast the two businesses based on the strength of their analyst recommendations, risk, valuation, profitability, earnings, institutional ownership and dividends.

Valuation and Earnings This table compares Omnitek Engineering and Kadant”s revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Omnitek Engineering $1.02 million 0.26 -$170,000.00 $0.02 0.60 Kadant $1.05 billion 3.27 $101.97 million $8.65 33.73 Kadant has higher revenue and earnings than Omnitek Engineering. Omnitek Engineering is trading at a lower price-to-earnings ratio than Kadant, indicating that it is currently the more affordable of the two stocks.

Institutional & Insider Ownership 96.1% of Kadant shares are owned by institutional investors. 45.5% of Omnitek Engineering shares are owned by company insiders. Comparatively, 1.2% of Kadant shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Profitability This table compares Omnitek Engineering and Kadant’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Omnitek Engineering 18.80% -22.26% 28.98% Kadant 9.69% 11.57% 7.09% Volatility and Risk Omnitek Engineering has a beta of 0.11, suggesting that its stock price is 89% less volatile than the S&P 500. Comparatively, Kadant has a beta of 1.22, suggesting that its stock price is 22% more volatile than the S&P 500.

Analyst Ratings This is a breakdown of recent recommendations and price targets for Omnitek Engineering and Kadant, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Omnitek Engineering 0 0 0 0 0.00 Kadant 0 2 1 0 2.33 Kadant has a consensus price target of $341.50, suggesting a potential upside of 17.06%. Given Kadant’s stronger consensus rating and higher probable upside, analysts plainly believe Kadant is more favorable than Omnitek Engineering.

Summary Kadant beats Omnitek Engineering on 11 of the 14 factors compared between the two stocks.

About Omnitek Engineering (Get Free Report)

Omnitek Engineering Corp. develops and sells technology to convert diesel engines to an alternative fuel, natural gas engines, and complementary products in the United States and internationally. It offers conversion kits for converting diesel engines to run on an alternative fuel, including compressed, liquefied, and renewable natural gas, as well as liquid petroleum gas; natural gas engines and components; and high-pressure natural gas coalescing filters. The company's products are used for stationary applications; and the transportation market, such as light commercial vehicles, minibuses, heavy-duty trucks, and municipal buses, as well as rail and marine applications. It sells and delivers its products through its distributors, system integrators, fleet operators, and engine conversion companies, as well as directly to end-users. The company was incorporated in 2001 and is headquartered in Vista, California.

About Kadant (Get Free Report)

Kadant Inc. supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems. The Industrial Processing segment develops, manufactures, and markets ring and rotary debarkers, stranders, chippers, engineered knife systems, industrial automation and control, recycling and approach flow systems, and virgin pulping process equipment for use in the packaging, tissue, wood products, and alternative fuel industries. The Material Handling segment offers conveying and vibratory equipment, and baling products; and manufactures and sells biodegradable absorbent granules for carriers in agricultural, home lawn and garden, professional lawn, turf, and ornamental applications, as well as for oil and grease absorption. The company markets and sells its products, services, and systems through direct sales, independent sales agents, and distributors. The company was formerly known as Thermo Fibertek, Inc. and changed its name to Kadant Inc. in July 2001. Kadant Inc. was incorporated in 1991 and is headquartered in Westford, Massachusetts.

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WESTFORD, Mass., April 30, 2026 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) has completed its previously announced acquisition of voestalpine BÖHLER Profil GmbH & Co KG and voestalpine BÖHLER Profil VerwaltungsGmbH.

At closing, the company names were changed to Kadant Profil GmbH & Co KG and Kadant Profil Verwaltungs GmbH (collectively, Kadant Profil). The company will continue to operate in its current location in Bruckbach, Austria, as part of Kadant’s Industrial Processing reporting segment.

Founded in 1872, Kadant Profil is a manufacturer of customized rolled profiles and industrial knife solutions for demanding industrial applications. A market leader in high-quality profiles, the company specializes in near-net-shape rolling and advanced materials to produce application-specific solutions. Kadant Profil is recognized for its patented processes, strong R&D capabilities, engineering expertise, and customer partnerships.

“We are delighted to welcome our colleagues in Bruckbach to the Kadant family,” said Jeffrey L. Powell, president and chief executive officer of Kadant. “Kadant Profil has been a trusted supplier to Kadant for over 30 years, and we value the strong operational discipline and creative solutions it brings to its customers. Its capabilities and manufacturing expertise align with our strategic priorities and further reinforce our commitment to delivering innovative industrial technologies.”

“We see Kadant as an ideal home for our business,” said Jörg Wagner, managing director of Kadant Profil. “Joining Kadant expands our access to new markets and strengthens our ability to innovate and grow our capabilities. We look forward to deeper collaboration with Kadant as we expand into new markets and continue delivering the high-performance solutions our customers expect.”

About Kadant
Kadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing®. The Company’s products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 4,000 employees in 22 countries around the globe. For more information, visit kadant.com.

Safe Harbor Statement
The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about the financial and operating performance of Kadant Profil, the benefits of the acquisition of Kadant Profil (the “Acquisition”), and the expected future business and financial performance of Kadant Profil and Kadant. These forward-looking statements represent our expectations as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading “Risk Factors” in Kadant’s Annual Report on Form 10-K for the fiscal year ended January 3, 2026 and subsequent filings with the Securities and Exchange Commission. These include risks and uncertainties relating to Kadant’s ability to successfully integrate Kadant Profil and its operations and employees and realize anticipated benefits from the Acquisition; unanticipated disruptions to the business, general and regional economic conditions, and the future performance of Kadant Profil; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement of the Acquisition; competitive, investor or customer responses to the Acquisition; the ability to realize anticipated synergies and cost savings; unexpected costs, charges or expenses resulting from the Acquisition; adverse changes in global and local economic conditions; the variability and difficulty in accurately predicting revenues from large capital equipment and systems projects; our acquisition strategy; levels of residential construction activity; reductions by our wood processing customers of their capital spending or production of oriented strand board; changes to the global timber supply; development and use of digital media; cyclical economic conditions affecting the global mining industry; demand for coal, including economic and environmental risks associated with coal; failure of our information systems or breaches of data security and cybersecurity incidents; implementation of our internal growth strategy; competition; our ability to successfully manage our manufacturing operations; supply chain constraints, inflationary pressure, price increases and shortages in raw materials; loss of key personnel and effective succession planning; future restructurings; protection of intellectual property; changes to tax laws and regulations; climate change; adequacy of our insurance coverage; global operations; policies of the Chinese government; the variability and uncertainties in sales of capital equipment in China; currency fluctuations; changes to government regulations and policies around the world; compliance with government regulations and policies and compliance with laws; environmental laws and regulations; environmental, health and safety laws and regulations impacting the mining industry; our debt obligations; restrictions in our credit agreement and note purchase agreement; soundness of financial institutions; fluctuations in our share price; and anti-takeover provisions.

Contacts
Investor Contact Information:
Michael McKenney, 978-776-2000
[email protected]

Media Contact Information:
Wes Martz, 978-776-2000
[email protected]

WESTFORD, Mass., April 30, 2026 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2026 first quarter results after the market closes on Tuesday, May 5, 2026 and will hold a webcast the next day, Wednesday, May 6, 2026 at 11:00 a.m. Eastern Time. During the call the Company will discuss its first quarter financial performance and future expectations.

To listen to the live call and view the webcast, go to the “Investors” section of the Company’s website at kadant.com. Participants interested in joining the call’s live question and answer session are required to register by clicking here or selecting the Q&A link on our website to receive a dial-in number and unique PIN. It is recommended that you join the call 10 minutes prior to the start of the event. A replay of the webcast will be available on our website through June 5, 2026. The earnings release and webcast presentation will be posted in the “Investors” section of our website.

About Kadant
Kadant is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing®. The Company’s products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 4,000 employees in 22 countries worldwide. For more information, visit kadant.com.

Contacts
Investor Contact Information:
Michael McKenney, 978-776-2000
[email protected] 

Media Contact Information:
Wes Martz, 978-776-2000
[email protected] 

Kadant (KAI - Free Report) came out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $2.35 per share. This compares to earnings of $2.1 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +20.72%. A quarter ago, it was expected that this equipment supplier for the papermaking and paper recycling industries would post earnings of $2.19 per share when it actually produced earnings of $2.27, delivering a surprise of +3.65%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Kadant, which belongs to the Zacks Engineering - R and D Services industry, posted revenues of $281.51 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.73%. This compares to year-ago revenues of $239.21 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Kadant shares have added about 0.5% since the beginning of the year versus the S&P 500's gain of 5.2%.

What's Next for Kadant?While Kadant has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Kadant was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.22 on $294.6 million in revenues for the coming quarter and $12.63 on $1.18 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Engineering - R and D Services is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Amentum Holdings (AMTM - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 12.

This government services company is expected to post quarterly earnings of $0.58 per share in its upcoming report, which represents a year-over-year change of +9.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Amentum Holdings' revenues are expected to be $3.48 billion, down 0.4% from the year-ago quarter.

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Kadant Inc. (KAI) Shareholder/Analyst Call Transcript

WESTFORD, Mass., May 21, 2026 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has authorized the repurchase of up to $50 million of its equity securities effective May 21, 2026 through May 21, 2027. Repurchases may be made in public or private transactions, including under Securities Exchange Act Rule 10b-5-1 trading plans. The timing and amount of any repurchases will be at the discretion of Company management and will be based on market conditions and other considerations, including limitations contained in our credit agreement entered into on March 1, 2017, as amended and restated. The Company has not repurchased any shares of its common stock under the $50 million authorization that expired on May 15, 2026.

About Kadant
Kadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing®. The Company’s products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 4,000 employees in 22 countries worldwide. For more information, visit kadant.com.

Safe Harbor Statement
The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about our business, financial performance and any plans to repurchase our equity securities. These forward-looking statements represent our expectations as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading “Risk Factors” in Kadant’s Annual Report on Form 10-K for the fiscal year ended January 3, 2026 and subsequent filings with the Securities and Exchange Commission. These include risks and uncertainties relating to adverse changes in global and local economic conditions; the variability and difficulty in accurately predicting revenues from large capital equipment and systems projects; our acquisition strategy; levels of residential construction activity; reductions by our wood processing customers of their capital spending or production of oriented strand board; changes to the global timber supply; development and use of digital media; cyclical economic conditions affecting the global mining industry; demand for coal, including economic and environmental risks associated with coal; failure of our information systems or breaches of data security and cybersecurity incidents; implementation of our internal growth strategy; competition; our ability to successfully manage our manufacturing operations; supply chain constraints, inflationary pressure, price increases or shortages in raw materials; loss of key personnel and effective succession planning; future restructurings; protection of intellectual property; changes to tax laws and regulations; climate change; adequacy of our insurance coverage; global operations; policies of the Chinese government; the variability and uncertainties in sales of capital equipment in China; currency fluctuations; changes to government regulations and policies around the world; compliance with government regulations and policies and compliance with laws; environmental laws and regulations; environmental, health and safety laws and regulations impacting the mining industry; our debt obligations; restrictions in our credit agreement and note purchase agreement; soundness of financial institutions; fluctuations in our share price; and anti-takeover provisions.

Contacts
Investor Contact Information:
Michael McKenney, 978-776-2000
[email protected]
or
Media Contact Information:
Wes Martz, 978-776-2000
[email protected]