Feed / KAI

Kadant Inc.

KAI

Industrials · 266.33 -6.9% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

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.

What changed
  • Revenue increased 17.7% versus the comparable filing period.
  • Operating margin fell 0.6 percentage points.
Company-6.9% todayVolume comparison unavailable
Market group0 of 32 activeIndustrial Machinery · unavailable
Disclosed network0 of 0 confirmingRelationship data unavailable
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Industrials · Specialty Industrial Machinery

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.

Evidence that supports
  • Revenue increased 17.7% versus the comparable filing period.
Evidence that challenges
  • Operating margin fell 0.6 percentage points.
  • Net margin fell 1.0 percentage points.
What would clarify the read
  • 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

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements226
Verified relationships0
Evidence supporting the case
  • Operating cash flow covered net income at 1.68x in the latest annual period.
  • Demand and volume has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • 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.
Questions before a position
  • EV/sales is 37% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

266.33
6m-17.1%12m-16.4%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-01-01$786.6M+23.9%$7.21+0.8%
2022-12-31$904.7M+15.0%$10.35+0.3%
2023-12-30$957.7M+5.9%$9.90+0.4%
2024-12-28$1.1B+10.0%$9.48+0.4%
2026-01-03$1.1B-0.1%$8.65+0.2%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 5 filings
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
Demand and volumemixed · 5 filings
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
Foreign exchangenegative · 5 filings
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 investment and capacitynegative · 4 filings
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.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

266.33-6.9% today

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.

mixed
OperationsmixedEvidence score +1
liquidityneutralEvidence score 0
valuationmixed

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.