Powell noted that aftermarket parts represented a record 71% of total revenue for the year. Gross margin improved to 45.2% from 44.3%, which management attributed to the higher aftermarket mix. At the same time, adjusted results were pressured by weaker capital project activity and costs tied to tariffs. Powell said softness in capital project activity, along with rising tariffs and other cost pressures, contributed to adjusted EPS of $9.26, down from $10.28 in 2024.For fiscal 2025, Kadant reported revenue ...