Kadant Reports Second Quarter 2026 Results

WESTFORD, Mass., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended July 4, 2026.

Second Quarter Financial Highlights * Bookings increased 16% to $312 million * Revenue increased 23% to a record $313 million * Gross margin decreased 210 basis points to 43.8% * Net income increased 24% to $32 million * GAAP EPS increased 24% to $2.75 * Adjusted EPS increased 26% to a record $3.42 * Adjusted EBITDA increased 30% to a record $68 million and represented 21.8% of revenue * Operating cash flow increased 32% to $54 million * Backlog was $340 million Note: Percent changes above are based on comparison to the corresponding prior year quarter. All references to earnings per share (EPS) are to our EPS as calculated on a diluted basis. Adjusted EPS, adjusted EBITDA, adjusted EBITDA margin, free cash flow, and changes in organic revenue are non-GAAP financial measures that exclude certain items as detailed later in this press release under the heading “Use of Non-GAAP Financial Measures.”