Kadant Inc
300.88+2.33 (+0.78%)
Oct 29, 4:00:02 PM EDT · NYSE · KAI · USD
Key Stats
Market Cap
3.54BP/E (TTM)
34.82Basic EPS (TTM)
8.64Dividend Yield
0%Recent Filings
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.
8-K
Kadant annual meeting results
Kadant Inc. held its 2025 annual meeting on May 14, electing Jonathan W. Painter and Jeffrey L. Powell to the board with terms ending in 2028, securing strong support of 8.99 million and 10.37 million shares respectively. Stockholders approved executive compensation advisory resolution by a wide margin, ratified KPMG LLP as auditors, and authorized $170,000 in restricted stock units for non-employee directors under the equity plan. Board continuity strengthens governance amid routine approvals.
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