Inferra AI / Company / KAI

Kadant Inc

KAI · Industrials

Last earnings Aug 4, 2026

Key results

Revenuequarter

18%

Revenue increased 18% to $282 million

SEC original ↗Kadant Inc — Earnings release (8-K exhibit)EX-99May 5, 2026

Gross marginquarter

45.0%

Gross margin decreased 110 basis points to 45.0%

SEC original ↗Kadant Inc — Earnings release (8-K exhibit)EX-99May 5, 2026

Net incomequarter

Net income increased 6% to $26 million GAAP EPS increased 6% to $2.16 Adjusted EPS increased 14% to $2.84 Adjusted EBITDA increased 19% to $57 million and represented 20.2% of revenue Operating cash flow decreased 4% to $22 million Backlog was $326 million Note Percent changes above are based on comparison to the prior

SEC original ↗Kadant Inc — Earnings release (8-K exhibit)EX-99May 5, 2026

EPSquarter

SEC original ↗Kadant Inc — Earnings release (8-K exhibit)EX-99May 5, 2026

First Quarter 2026 Compared to 2025 Revenue increased 18 percent to $281.5 million compared to $239.2 million in 2025.

SEC original ↗Kadant Inc — Earnings release (8-K exhibit)EX-99May 5, 2026

Gross margin was 45.0 percent, which includes a 50 basis point decrease from acquisition-related costs, compared to 46.1 percent in 2025.

SEC original ↗Kadant Inc — Earnings release (8-K exhibit)EX-99May 5, 2026

Net income was $25.5 million, increasing six percent compared to $24.1 million in 2025.

SEC original ↗Kadant Inc — Earnings release (8-K exhibit)EX-99May 5, 2026

Adjusted EBITDA increased 19 percent to $56.8 million and represented 20.2 percent of revenue in 2026 compared to $47.9 million and 20.0 percent of revenue in 2025.

SEC original ↗Kadant Inc — Earnings release (8-K exhibit)EX-99May 5, 2026

Free cash flowquarter

$18.7 million

Free cash flow decreased two percent to $18.7 million compared to $19.0 million in 2025.

SEC original ↗Kadant Inc — Earnings release (8-K exhibit)EX-99May 5, 2026

AI analysis

Q1 2026 · reported May 5, 2026

Based on: Earnings release + Q1 2026 deck + parent 8-K + 10-Q — transcript not held

Gross margin · Q1 2026

45.0%

EX-99 · May 5, 2026

Free cash flow · Q1 2026

$18.7M

-1.6% -$300.00K vs year ago computed from stated figures

EX-99 · May 5, 2026

Headline figures

Metric	Q1 2026	Prior qtr	Year ago
Revenue	18%	—	—
Gross margin	45.0%	—	—
Net income	6%	—	—
EPS	6%	—	—
Free cash flow	$18.7 million	—	$19.0 million

EX-99 · May 5, 2026

Guidance · company-stated

No guidance located in the held release

Outlook statement

“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.”

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin45.0%

Cash flow & capex

Free cash flow$18.7M

Capital allocation

Capex$3.3M

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.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

(NYSE KAI) reported its financial results for the first quarter ended April 4, 2026

Based on: Earnings release + Q1 2026 deck + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

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.

SEC original ↗Kadant Inc — Earnings release (8-K exhibit)EX-99May 5, 2026

Free cash flow is calculated as operating cash flow less Capital expenditures of $3.3 million in 2026 and $3.8 million in 2025.

SEC original ↗Kadant Inc — Earnings release (8-K exhibit)EX-99May 5, 2026

FOOTNOTES 1) Leverage ratio is calculated by dividing total debt by EBITDA.

SEC original ↗Kadant Inc — Presentation / slide deck (8-K exhibit)EX-99May 5, 2026

For purposes of this calculation, EBITDA is calculated by adding or subtracting certain items from Adjusted EBITDA, as required by our amended and restated credit facility ( Credit Facility ).

SEC original ↗Kadant Inc — Presentation / slide deck (8-K exhibit)EX-99May 5, 2026

Our Credit Facility defines total debt as debt less worldwide cash of up to $50 million.

SEC original ↗Kadant Inc — Presentation / slide deck (8-K exhibit)EX-99May 5, 2026

2) Working capital is defined as current assets less current liabilities, excluding cash and debt.

SEC original ↗Kadant Inc — Presentation / slide deck (8-K exhibit)EX-99May 5, 2026

Strategy & priorities

OUR KEY PRIORITIES Investor Relations Michael McKenney, 978-776-2000 IR@kadant.

SEC original ↗Kadant Inc — Presentation / slide deck (8-K exhibit)EX-99May 5, 2026

Its products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries while helping customers advance their sustainability initiatives with products that reduce waste or generate more yield with fewer inputs, particularly fiber, energy, and water.

SEC original ↗Kadant Inc — 10-Q Quarterly report10-QAug 12, 2026

Producing more while consuming less is a core aspect of Sustainable Industrial Processing and a major element of the strategic focus of the Company's three reportable segments consisting of the Flow Control segment, Industrial Processing segment, and Material Handling segment.

SEC original ↗Kadant Inc — 10-Q Quarterly report10-QAug 12, 2026

A fair value hierarchy is established, which prioritizes the inputs used in measuring fair value into three broad levels as follows: Level 1 Quoted prices in active markets for identical assets or liabilities.

SEC original ↗Kadant Inc — 10-Q Quarterly report10-QAug 12, 2026

The CODM primarily reviews these profit measures in comparison to forecasts, trends, key performance targets, and results of industry peers to assess profitability, identify areas for improvement, and make strategic decisions regarding investments and resource allocation within each segment.

SEC original ↗Kadant Inc — 10-Q Quarterly report10-QAug 12, 2026

Risks & headwinds

That said, project timing is more uncertain due to heightened geopolitical challenges.

SEC original ↗Kadant Inc — Earnings release (8-K exhibit)EX-99May 5, 2026

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.

SEC original ↗Kadant Inc — Earnings release (8-K exhibit)EX-99May 5, 2026

Business Outlook Good start to 2026 with record bookings and healthy backlog Aftermarket parts demand expected to remain healthy Improving capital equipment environment, timing remains uncertain Geopolitical tensions continue to pose challenges Our solid balance sheet and strong cash flow generation provide a firm foundation for 2026 10KAI 1Q26 BUSINESS REVIEW MAY 2026 | © 2026 KADANT INC.

SEC original ↗Kadant Inc — Presentation / slide deck (8-K exhibit)EX-99May 5, 2026

Documents

Earnings deck slides

0 decks with slide view

Kadant Inc — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

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