Kadant(KAI) - 2024 Q2 - Quarterly Results

Exhibit 99.1 KADANT INC. One Technology Park Drive Westford, MA 01886 USA Tel: +1 978-776-2000 www.kadant.com PRESS RELEASE Kadant Reports Second Quarter 2024 Results WESTFORD, Mass., July 30, 2024 - Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended June 29, 2024. Second Quarter Financial Highlights • Revenue increased 12% to a record $275 million • Gross margin was 44.4% • Operating cash flow increased 25% to $28 million • Free cash flow increased 69% to $23 million • Net ...