“The increase in the first six months of 2026 primarily reflected higher net borrowings under our revolving credit facility, including borrowings of $190.9 million used primarily to finance the acquisition of Kadant Profil, partially offset by repayments of lo…”10-Q · Aug 12, 2026 ↗
Kadant Inc.
KAI
Market read
Kadant Inc.'s current read is isolated; its market group is not confirming.
The latest filing is mixed. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
- Revenue increased 17.7% versus the comparable filing period.
- Operating margin fell 0.6 percentage points.
- Capex rose mainly because Kadant bought a previously leased manufacturing facility; compare spending after that purchase.
- Acquisition-related SG&A absorbed much of Industrial Processing's operating-income increase; compare integration costs and segment profit.
Invalidation: The isolated read changes if KAI's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing is mixed. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
- Revenue increased 17.7% versus the comparable filing period.
- Operating margin fell 0.6 percentage points.
- Net margin fell 1.0 percentage points.
- Capex rose mainly because Kadant bought a previously leased manufacturing facility; compare spending after that purchase.
- Acquisition-related SG&A absorbed much of Industrial Processing's operating-income increase; compare integration costs and segment profit.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating cash flow covered net income at 1.68x in the latest annual period.
- Demand and volume has repeated favorable evidence across 5 filings.
- Latest annual revenue changed -0.1% year over year.
- Operating margin changed -1.3 percentage points in the latest annual period.
- Foreign exchange has repeated adverse evidence across 5 filings.
- Capital investment and capacity has repeated adverse evidence across 4 filings.
- Macroeconomic conditions has repeated adverse evidence across 4 filings.
- EV/sales is 37% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
266.33Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“These cash outflows were partially offset by customer deposits, which provided $9.4 million of cash due to higher capital equipment orders, and contract assets, which provided $7.7 million of cash primarily due to the timing of billings on contracts accounted…”10-Q · Aug 12, 2026 ↗
“The $6.3 million increase in cash, cash equivalents, and restricted cash in the first six months of 2025 related to exchange rates was primarily attributable to the weakening of the U.S.”10-Q · Aug 12, 2026 ↗
“Capital expenditures increased to $14.2 million in the first six months of 2026, compared with $7.8 million in the first six months of 2025, primarily due to the purchase of a manufacturing facility that had previously been leased.”10-Q · Aug 12, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.0× · EV/sales 3.2×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for KAI. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-05-13 against the comparable filing from 2025-05-07.
What improved
- Revenue increased 17.7% versus the comparable filing period.
What weakened
- Operating margin fell 0.6 percentage points.
- Net margin fell 1.0 percentage points.
Filing receipts
“Material Handling – Our Material Handling segment bookings increased 17% compared to the fourth quarter of 2025, primarily driven by higher demand for aftermarket parts primarily in North America.”
“Revenue at our Flow Control segment increased 7% in the first quarter of 2026, primarily driven by higher demand for parts and consumables products across all regions.”
“Net Income Net income increased to $25.8 million in the first quarter of 2026 from $24.4 million in the first quarter of 2025 primarily due to a $4.5 million increase in operating income, offset in part by a $0.7 million increase in interest expense and a $2.3 million increase in provision for income taxes (see discussions above for further details).”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind KAI
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
KAI is currently a Follower in the organic co-movement group Industrial Machinery. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.