Kadant Reports Third Quarter 2026 Results
Key Highlights
- ➤Revenue $313 million, up 15%, reached a quarterly record
- ➤Adjusted EPS $3.64, up 21%, reached a quarterly record
- ➤Bookings $291 million, up 22%, with growth across all segments
- ➤2026 adjusted EPS guidance raised to $12.58-$12.73
- ➤Operating cash flow $63 million, up 33%, reached a quarterly record
Expert Statements
Jeffrey L. Powell, Chief executive officer of Kadant
“We delivered an exceptional third quarter, achieving record results across multiple key financial metrics, including revenue, adjusted EPS, and cash flow, while generating strong bookings growth across all three operating segments”
Jeffrey L. Powell, Chief executive officer of Kadant
“The strength of our aftermarket business, combined with disciplined execution and operational excellence, positions us well for a strong finish to the year.”
Jeffrey L. Powell, Chief executive officer of Kadant
“Looking ahead to the remainder of the year, we expect aftermarket demand to remain stable and project activity to show some improvement, although the timing of large capital orders continues to be influenced by economic and geopolitical uncertainty,”
Jeffrey L. Powell, Chief executive officer of Kadant
“Our strong year-to-date performance positions us to deliver a record-setting 2026. We expect revenue of $1.195 to $1.210 billion in 2026, revised from our previous guidance of $1.190 to $1.210 billion, and GAAP EPS of $9.88 to $10.03, revised from our previous guidance of $9.78 to $10.03. We are raising our adjusted EPS guidance and now expect $12.58 to $12.73 for 2026, revised from our prior guidance of $12.43 to $12.68.”
WESTFORD, Mass., Nov. 03, 2026 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended October 3, 2026.
Third Quarter Financial Highlights * Bookings increased 22% to $291 million * Revenue increased 15% to a record $313 million * Gross margin decreased 50 basis points to 44.7% * Net income increased 27% to $35 million * GAAP EPS increased 26% to $2.96 * Adjusted EPS increased 21% to a record $3.64 * Adjusted EBITDA increased 24% to a record $72 million and represented 22.9% of revenue * Operating cash flow increased 33% to a record $63 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.”
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