WESTFORD, Mass., July 24, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2025 second quarter results after the market closes on Tuesday, July 29, 2025 and will hold a webcast the next day, Wednesday, July 30, 2025 at 11:00 a.m. Eastern Time. During the call the Company will discuss its second quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the “Investors” section of the Company’s website at kadant.com. Participants ...

WESTFORD, Mass., May 28, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it received orders with a combined value of $18 million from three lumber producers in North America and Europe since its first quarter earnings call. The capital equipment orders are expected to ship between the end of 2025 and the third quarter of 2026. The equipment and technologies to be supplied will be used to debark, strand, chip, and batch feed whole logs and lumber wastewood to produce oriented strand board (OSB) an ...

Kadant (KAI) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Company Participants Michael McKenney - Executive VP & CFOJeffrey Powell - President, Chief Executive Officer and DirectorGary Prestopino - Managing Director Conference Call Participants Ross Sparenblek - Equity Research AnalystKurt Yinger - Associate Vice President, Research AnalystWalter Liptak - Industry Analyst Operator Please be advised that today's conference is being recorded. I would like now to turn the conference over to Michael McKinne ...

Kadant (KAI) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Speaker0 Please be advised that today's conference is being recorded. I would like now to turn the conference over to Michael McKinney, Executive Vice President and Chief Financial Officer. Please go ahead, sir. Speaker1 Thank you, Michelle. Good morning, everyone, and welcome to Cadence first quarter twenty twenty five earnings call. With me on the call today is Jeff Powell, our President and Chief Executive Officer. Before we begin, let me read ...

Kadant (KAI) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Company Participants Michael McKenney - Executive VP & CFOJeffrey Powell - President, Chief Executive Officer and DirectorGary Prestopino - Managing Director Conference Call Participants Ross Sparenblek - Equity Research AnalystKurt Yinger - Associate Vice President, Research AnalystWalter Liptak - Industry Analyst Operator Please be advised that today's conference is being recorded. I would like now to turn the conference over to Michael McKinne ...

KAI 1Q25 BUSINESS REVIEW– APRIL 2025 | © 2025 KADANT INC. ALL RIGHTS RESERVED. 2 Use of Non-GAAP Financial Measures In addition to the financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), we use certain non-GAAP financial measures, including increases or decreases in revenue excluding the effect of acquisitions and foreign currency translation (organic revenue), adjusted EPS, adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EB ...

Core Viewpoint - Kadant (KAI) reported quarterly earnings of $2.10 per share, exceeding the Zacks Consensus Estimate of $1.97 per share, but down from $2.38 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 6.60%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - Kadant's revenues for the quarter were $239.21 million, slightly above the Zacks Consensus Estimate by 0.13%, but down from $248.98 million year-over-year [3] - The company has exceeded consensus revenue estimates three times in the last four quarters [3] Stock Performance and Outlook - Kadant shares have declined approximately 9.1% since the beginning of the year, compared to a 6% decline in the S&P 500 [4] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market [7] - The consensus EPS estimate for the upcoming quarter is $2.64 on revenues of $267.54 million, and for the current fiscal year, it is $9.94 on revenues of $1.05 billion [8] Industry Context - The Manufacturing - General Industrial industry, to which Kadant belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, which may impact stock performance [9]

[Kadant Inc. First Quarter 2025 Earnings Release](index=1&type=section&id=Kadant%20Inc.%20First%20Quarter%202025%20Earnings%20Release) [First Quarter 2025 Financial and Operational Highlights](index=1&type=section&id=First%20Quarter%202025%20Financial%20and%20Operational%20Highlights) Kadant Inc. reported Q1 2025 results largely in line with expectations, achieving record aftermarket parts demand and strong margins despite a decline in overall revenue and EPS - Management noted that despite increasing geopolitical and trade uncertainties, the company's performance was in line with expectations, highlighted by **record demand for aftermarket parts** and strong execution by operations teams, which contributed to **strong margins and healthy free cash flow**[5](index=5&type=chunk) Q1 2025 Key Financial Metrics | Metric | Value | Change vs. Q1 2024 | | :--- | :--- | :--- | | Bookings | $256 million | +3% | | Revenue | $239 million | -4% | | Gross Margin | 46.1% | +150 bps | | Net Income | $24 million | -3% | | GAAP EPS | $2.04 | -3% | | Adjusted EPS | $2.10 | -12% | | Adjusted EBITDA | $48 million | -8% | | Free Cash Flow | $19 million | +15% | [First Quarter 2025 Financial Performance](index=1&type=section&id=First%20Quarter%202025%20Financial%20Performance) Q1 2025 revenue decreased 4% due to organic decline, while gross margin improved, bookings grew 3%, and adjusted EPS fell 12% Q1 2025 vs Q1 2024 Performance Comparison | Metric | Q1 2025 | Q1 2024 | % Change | | :--- | :--- | :--- | :--- | | Revenue | $239.2M | $249.0M | -4% | | Organic Revenue | - | - | -5% | | Gross Margin | 46.1% | 44.6% | +150 bps | | Net Income | $24.1M | $24.7M | -3% | | GAAP EPS | $2.04 | $2.10 | -3% | | Adjusted EPS | $2.10 | $2.38 | -12% | | Adjusted EBITDA | $47.9M | $52.2M | -8% | | Free Cash Flow | $19.0M | $16.6M | +15% | | Bookings | $256.2M | $248.4M | +3% | - The **4% revenue decrease to $239.2 million** included a 5% organic decline, a 3% positive impact from acquisitions, and a 2% negative impact from foreign currency translation[6](index=6&type=chunk) - **Bookings increased 3% to $256.2 million**, driven by a 2% organic increase and a 4% contribution from acquisitions, which was partially offset by a 3% unfavorable foreign currency effect[9](index=9&type=chunk) [Business Outlook](index=2&type=section&id=Business%20Outlook) Kadant revised its full-year 2025 guidance downwards for revenue and adjusted EPS due to geopolitical uncertainty, tariffs, and project delays - The 2025 outlook was negatively impacted by estimated incremental **tariff costs of $5 to $6 million** ($0.32 to $0.39 per share) and customer delays of large capital projects, pushing associated revenue into 2026[11](index=11&type=chunk) Full-Year 2025 Guidance Revision | Metric | Previous Guidance | Revised Guidance | | :--- | :--- | :--- | | Revenue | $1.040B - $1.065B | $1.020B - $1.040B | | GAAP EPS | $9.63 - $9.98 | $8.97 - $9.17 | | Adjusted EPS | $9.70 - $10.05 | $9.05 - $9.25 | Second Quarter 2025 Guidance | Metric | Q2 2025 Guidance | | :--- | :--- | | Revenue | $243M - $250M | | GAAP EPS | $1.89 - $1.99 | | Adjusted EPS | $1.90 - $2.00 | [Segment Performance](index=4&type=section&id=Segment%20Performance) Flow Control grew in Q1 2025, while Industrial Processing declined and Material Handling remained stable, with parts and consumables revenue increasing to 75% of the total Q1 2025 Revenue by Segment (in thousands) | Segment | Q1 2025 Revenue | Q1 2024 Revenue | Change | | :--- | :--- | :--- | :--- | | Flow Control | $92,441 | $86,682 | +$5,759 | | Industrial Processing | $89,524 | $105,861 | -$16,337 | | Material Handling | $57,245 | $56,432 | +$813 | Q1 2025 Bookings by Segment (in thousands) | Segment | Q1 2025 Bookings | Q1 2024 Bookings | Change | | :--- | :--- | :--- | :--- | | Flow Control | $99,987 | $94,670 | +$5,317 | | Industrial Processing | $92,366 | $89,877 | +$2,489 | | Material Handling | $63,865 | $63,883 | -$18 | Q1 2025 Gross Margin and Operating Income by Segment | Segment | Gross Margin | Operating Income (in thousands) | | :--- | :--- | :--- | | Flow Control | 53.3% | $22,752 | | Industrial Processing | 44.1% | $16,832 | | Material Handling | 37.7% | $7,535 | - Revenue from parts and consumables **increased to 75% of total revenue** in Q1 2025, up from 69% in Q1 2024[21](index=21&type=chunk) [Consolidated Financial Statements (Unaudited)](index=4&type=section&id=Consolidated%20Financial%20Statements%20(Unaudited)) This section presents the unaudited Q1 2025 consolidated statements of income, balance sheet data, and cash flow information [Consolidated Statement of Income](index=4&type=section&id=Consolidated%20Statement%20of%20Income) For Q1 2025, Kadant reported revenue of $239.2 million, net income of $24.1 million, and a diluted EPS of $2.04 Q1 2025 Consolidated Statement of Income (in thousands, except per share data) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Revenue | $239,210 | $248,975 | | Operating Income | $35,586 | $36,927 | | Income Before Taxes | $32,265 | $32,839 | | Net Income Attributable to Kadant | $24,063 | $24,689 | | Diluted EPS | $2.04 | $2.10 | [Consolidated Balance Sheet](index=6&type=section&id=Consolidated%20Balance%20Sheet) As of March 29, 2025, total assets were $1.435 billion, with total liabilities of $548.9 million and debt obligations of $274.9 million Balance Sheet Data (in thousands) | Account | March 29, 2025 | December 28, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash, Cash Equivalents, and Restricted Cash | $93,805 | $95,946 | | Total Assets | $1,435,439 | $1,430,345 | | **Liabilities & Equity** | | | | Debt Obligations | $274,936 | $286,504 | | Total Liabilities | $548,869 | $572,217 | | Stockholders' Equity | $886,570 | $858,128 | [Cash Flow Data](index=5&type=section&id=Cash%20Flow%20Data) Q1 2025 operating cash flow was flat at $22.8 million, while free cash flow increased 15% to $19.0 million due to lower capital expenditures Q1 Cash Flow (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Operating Cash Flow | $22,835 | $22,831 | | Capital Expenditures | ($3,836) | ($6,271) | | Free Cash Flow (a) | $18,999 | $16,560 | [Reconciliation of GAAP to Non-GAAP Measures](index=2&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) This section details the reconciliation of non-GAAP measures like organic revenue and adjusted EPS to their comparable GAAP figures - Non-GAAP measures are used by management to understand trends and forecast performance, excluding items not indicative of core operating results[14](index=14&type=chunk)[15](index=15&type=chunk)[16](index=16&type=chunk) Q1 2025 Reconciliation of Net Income to Adjusted Net Income (in thousands) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Income (GAAP) | $24,063 | $24,689 | | Amortization of Acquired Profit (Net of Tax) | $296 | $2,369 | | Acquisition Costs (Net of Tax) | $315 | $930 | | **Adjusted Net Income (Non-GAAP)** | **$24,674** | **$27,988** | Q1 2025 Reconciliation of Operating Income to Adjusted EBITDA (in thousands) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Operating Income (GAAP) | $35,586 | $36,927 | | Adjustments (Acquired Profit, Backlog, etc.) | $698 | $3,554 | | **Adjusted Operating Income (Non-GAAP)** | **$36,284** | **$41,271** | | Depreciation and Amortization | $11,634 | $10,940 | | **Adjusted EBITDA (Non-GAAP)** | **$47,918** | **$52,211** |

Core Viewpoint - Kadant Inc. reported its first quarter financial results for 2025, showing a decrease in revenue and net income, but strong demand for aftermarket parts and healthy free cash flow despite geopolitical uncertainties [3][4][5][8]. Financial Highlights - Revenue decreased by 4% to $239.2 million compared to $249.0 million in 2024, with organic revenue down 5% [4][9]. - Net income was $24.1 million, a decrease of 3% from $24.7 million in 2024, and GAAP EPS decreased by 3% to $2.04 [5][9]. - Adjusted EPS fell by 12% to $2.10 compared to $2.38 in 2024, excluding acquisition-related costs [5][9]. - Adjusted EBITDA decreased by 8% to $47.9 million, representing 20% of revenue, down from 21% in 2024 [6][9]. - Free cash flow increased by 15% to $19.0 million compared to $16.6 million in 2024 [6][9]. Bookings and Demand - Bookings increased by 3% to $256.2 million compared to $248.4 million in 2024, with organic bookings up 2% [7][9]. - The company experienced record demand for aftermarket parts, contributing to strong margin performance [3][8]. Outlook - The company revised its 2025 revenue guidance to $1.020 to $1.040 billion, down from $1.040 to $1.065 billion, and GAAP EPS guidance to $8.97 to $9.17, revised from $9.63 to $9.98 [8]. - Incremental tariff costs are estimated to be $5 to $6 million for 2025, impacting the financial outlook [8].

Company Announcement - Kadant Inc. will release its 2025 first quarter results after the market closes on April 29, 2025, and will hold a webcast on April 30, 2025, at 11:00 a.m. Eastern Time to discuss financial performance and future expectations [1] - The earnings release and webcast presentation will be available in the "Investors" section of the company's website [2] Company Overview - Kadant is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing, enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries [3] - The company is based in Westford, Massachusetts, and employs approximately 3,500 people across 20 countries [3]