KAI
Kadant Inc.291.11
+2.92+1.01%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Aftermarket overperformance signals capex rebound
Q&A unpacked aftermarket strength—73% of Flow Control, 76% Industrial Processing, 53% Material Handling revenues—as customers hammered aging equipment harder than low operating rates implied, offsetting capacity cuts after three years' underinvestment. Management held firm on conservative 2026 guide ($1.160B-$1.185B revenue, $12.53-$12.88 adjusted EPS post-intangible addback), modeling flat-to-3% organic sans pending capital orders for midyear upside. Tariff volatility stretched proposal timelines without cancellations; stability now pivots clients to productivity. They repelled European and regional rivals on parts via service and total ownership costs. Gear ran harder than rates suggest. Watch capital bookings amid OSB, data centers, China pulp tailwinds.
Key Stats
Market Cap
3.43BP/E (TTM)
33.65Basic EPS (TTM)
8.65Dividend Yield
0%Recent Filings
10-K
FY2025 results
Kadant posted flat revenue at $1.05B for FY2025 ended January 3, 2026, with organic sales off 4% as capital equipment demand softened amid tariff uncertainty and trade tensions, yet parts and consumables hit a record 71% mix driving gross margins up 90bps to 45.2%. Industrial Processing revenue fell 12% organically on housing weakness and China slowdowns, while Flow Control held steady and Material Handling gained 3%; backlog swelled 12% to $288M signaling Q4 momentum. Operating income slipped to $157M but free cash flow surged to $154M. Debt stands at $367M under a $750M facility with $383M availability. Backlog builds fast.
8-K
Kadant updates non-GAAP metrics
Kadant switched its non-GAAP methodology on February 19, 2026, to exclude all amortization of acquired intangibles from adjusted operating income, net income, and EPS—previously just backlog. This lifts FY2026 adjusted EPS guidance to $12.53-$12.88, up from $10.40-$10.75, and Q1 to $2.31-$2.41. Recasts boost FY2025 adjusted operating income to $193M. Peers now easier to gauge.
8-K
Kadant proposes BÖHLER Profil buy
Kadant disclosed its proposed acquisition of voestalpine BÖHLER Profil, an Austrian maker of precision profiles and blades with €51.5 million revenue for the year ended March 31, 2025. The deal bolsters Kadant's Industrial Processing segment, where the target supplies 45% of its sales already. Integration keeps it decentralized as Kadant Profil GmbH & Co KG. Funding via borrowings; close timing not disclosed.
8-K
Kadant acquires BÖHLER Profil
Kadant signed a deal on January 29, 2026, to buy voestalpine BÖHLER Profil for ~157M Euros cash from voestalpine High Performance Metals, targeting a Q1 2026 close pending Austrian approvals. The target, with €51.5M revenue last year and 150 employees, rolls into Kadant's Industrial Processing segment as Kadant Profil, bolstering special profiles and knives. Complements existing offerings. Integration risks loom.
IPO
Website
Employees
Sector
Industry
CR
Crane Company
187.58-4.25
CRAWA
Crawford United Corporation
81.40+0.00
DOV
Dover Corporation
196.61-4.69
FLS
Flowserve Corporation
70.42-1.40
IEX
IDEX Corporation
177.19-1.50
IR
Ingersoll Rand Inc.
79.61-2.02
ITT
ITT Inc.
175.05+1.00
KRNT
Kornit Digital Ltd.
13.68-0.17
NDSN
Nordson Corporation
236.37-1.42
TNC
Tennant Company
76.47+0.09