Kadant Inc
F:KDA

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Kadant Inc Logo
Kadant Inc
F:KDA
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Price: 274 EUR 3.79% Market Closed
Market Cap: €3.2B

Kadant Inc
Investor Relations

Kadant makes equipment and parts that help factories move, clean, separate, and process materials. Its main business is tied to the pulp and paper industry, where it sells products such as stock-preparation equipment, paper-machine components, and systems that handle water, fiber, and contaminants. It also sells equipment for wood processing and other industrial applications that need reliable material handling and filtration. The company earns money by selling machinery, replacement parts, and service through direct sales and a global network of channels. A large part of its business comes from recurring demand for wear parts, upgrades, rebuilds, and maintenance, because customers need to keep large industrial systems running efficiently. Its customers are paper mills, packaging and tissue producers, sawmills, and other industrial processors. What makes Kadant different is that it sits in the “picks and shovels” part of manufacturing. It does not make paper or wood products itself; it supplies the specialized equipment that helps other companies produce them. That gives it a business model built on installed equipment, aftermarket parts, and technical know-how rather than on selling finished consumer goods.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 6, 2026
AI Summary
Q1 2026

Strong start: Kadant said Q1 was a strong start to 2026, with record bookings, record aftermarket parts revenue, and earnings above expectations.

Guidance raised: Full-year 2026 revenue guidance was raised to $1.178 billion to $1.203 billion, but adjusted EPS guidance was lowered to $12.33 to $12.68 because of the Kadant Profil acquisition and related borrowing costs.

Demand mix: Aftermarket parts demand remained healthy across the business, while capital activity improved but timing stayed uncertain because of geopolitical and tariff-related volatility.

Regional split: North America was the strongest market, Asia was strong in Q1, and Europe was the most sensitive to Middle East conflict and energy prices.

Acquisition impact: Kadant completed the Kadant Profil acquisition on April 30; management said it will be dilutive by about $0.20 to adjusted EPS in 2026 before becoming accretive over time.

Key Financials
Revenue
$281.5 million
Adjusted EPS
$2.84
GAAP EPS
$2.16
Gross margin
45%
SG&A as a percentage of revenue
29.3%
Adjusted EBITDA
$56.8 million
Adjusted EBITDA margin
20.2%
Operating cash flow
$21.9 million
Free cash flow
$18.7 million
Bookings
25% growth
Book-to-bill ratio
1.14
Backlog
$326 million
Net debt
$244 million
Leverage ratio
1.27
Cash conversion days
147
Operating cash flow
$21.9 million
Flow Control bookings
$112 million
Flow Control revenue
$99 million
Flow Control adjusted EBITDA margin
27.8%
Industrial Processing bookings
$145 million
Industrial Processing revenue
$123 million
Industrial Processing adjusted EBITDA margin
24%
Material Handling revenue
$60 million
Material Handling bookings
$65 million
Q2 2026 revenue guidance
$296 million to $306 million
Q2 2026 adjusted EPS guidance
$2.88 to $2.98
FY 2026 revenue guidance
$1.178 billion to $1.203 billion
FY 2026 adjusted EPS guidance
$12.33 to $12.68
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jeffrey L. Powell
President, CEO & Director
No Bio Available
Mr. Michael J. McKenney CPA
Executive VP & CFO
No Bio Available
Mr. Fredrik H. Westerhout
Vice President
No Bio Available
Ms. Deborah S. Selwood
Senior VP & Chief Accounting Officer
No Bio Available
Ms. Dara F. Mitchell
Senior Vice President of Corporate Development
No Bio Available
Mr. Wesley A. Martz
Vice President of Marketing
No Bio Available

Contacts

Address
MASSACHUSETTS
Westford
1 Technology Park Dr
Contacts
+19787762000.0
www.kadant.com
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