KAI
Kadant Inc.291.11
+2.92+1.01%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
3.43BP/E (TTM)
33.65Basic EPS (TTM)
8.65Dividend Yield
0%Recent Filings
10-Q
8-K
8-K
Kadant buys Clyde for $175M
Kadant Inc. completed its $175 million cash acquisition of Clyde Industries on October 7, 2025, bolstering its Industrial Processing segment with the target's boiler efficiency solutions for pulp and paper. Clyde, with $92 million in fiscal 2025 revenue and 400 employees across global operations, aligns with Kadant's sustainability focus, financed mainly via revolver borrowings. Integration risks loom large. This expands offerings smartly.
10-Q
Q2 FY2025 results
Kadant Inc. posted Q2 revenue of $255.3M, down 7% y/y but up sequentially from Q1, as capital equipment orders softened amid tariff uncertainties while parts and consumables hit a record $181.8M, lifting gross margins to 45.9% from 44.4%. Operating income fell to $39.4M from $48.4M y/y, with diluted EPS at $2.22 versus $2.66, reflecting lower volumes offset by reduced interest expense to $3.3M from $5.2M. Cash from operations reached $63.3M YTD, yielding free cash flow of $55.5M after $7.8M capex, bolstering liquidity with $95.3M cash and $161.6M revolver availability against $248.9M total debt. Post-quarter, Kadant closed its $18.7M Babbini acquisition in July 2025 for cash, eyeing synergies in Industrial Processing dewatering solutions. Tariffs continue to delay capital projects.
8-K
Kadant Q2: Revenue dips, bookings rise
Kadant reported Q2 revenue down 7% to $255 million amid softer capital shipments, yet bookings surged 7% to $269 million, fueled by strong demand in industrial processing and material handling. Gross margins climbed to 45.9%, while adjusted EBITDA fell 15% to $52 million; operating cash flow jumped 44% to $40 million. Backlog hit $299 million. Management holds full-year revenue guidance at $1.020-$1.040 billion and adjusted EPS at $9.05-$9.25, citing healthy aftermarket stability but trade policy risks.
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