Kadant(KAI) - 2024 Q3 - 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 Third Quarter 2024 Results WESTFORD, Mass., October 29, 2024 - Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended September 28, 2024. Third Quarter Financial Highlights • Revenue increased 11% to $272 million • Gross margin was 44.7% • Operating cash flow increased 12% to $52 million • Free cash flow increased 27% to $48 million • Net inco ...