MarketBeat
Mon, February 23, 2026 astatine 11:07 AM CST 8 min read
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Record Q4 revenue of $286.2 cardinal (up 11% YoY) and beardown currency procreation — fiscal 2025 gross was $1.052 cardinal with operating currency travel of $171.3 cardinal and escaped currency travel of $154.3 cardinal — but adjusted EPS fell to $9.26 from $10.28 owed to weaker superior projects and tariff-driven outgo pressure.
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Business premix and demand: aftermarket income reached a grounds ~71% of gross (supporting higher gross margins), portion capital-project bookings were soft, backlog stood astatine $288 cardinal (60% capital), and absorption said galore ample superior orders stay delayed.
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2026 guidance and accounting change: Kadant guided to gross of $1.16–1.185 cardinal and adjusted EPS of $10.40–10.75 (ex. amortization), but volition commencement adding backmost recurring intangible amortization successful adjusted EPS from Q1 2026 — which raises the comparable adjusted EPS scope to $12.53–12.88 — and expects the voestalpine Böhlerin Profil acquisition to adjacent successful Q1.
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Kadant (NYSE:KAI) reported fourth-quarter and full-year 2025 results that absorption said reflected resilient execution contempt a “challenging macro background,” citing tariff volatility and continued outgo pressures. On the company’s net call, President and CEO Jeff Powell and CFO Michael McKenney besides outlined the company’s outlook for 2026, discussed bid timing for larger superior projects, and elaborate a planned alteration to however Kadant calculates adjusted EPS starting successful the archetypal 4th of 2026.
Kadant posted fourth-quarter gross of a grounds $286.2 million, up 11% from the 4th fourth of 2024. McKenney said the summation included an 8% publication from acquisitions and a 3% payment from overseas currency translation.
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Powell said fourth-quarter show benefited from acquisitions completed successful 2025 and “solid demand” successful the travel power and worldly handling segments, arsenic good arsenic a grounds aftermarket parts business. Bookings accrued 12% twelvemonth implicit year, and Powell said that portion acquisitions accounted for “most of the growth” successful orders, integrated request was unchangeable versus the anterior twelvemonth and improved sequentially.
Gross borderline roseate 50 ground points to 43.9% successful the quarter, which McKenney attributed to a higher proportionality of aftermarket parts (70% of gross versus 67% successful the prior-year period). SG&A accrued to 28.3% of gross from 27.3%, with SG&A dollars up 15% to $80.9 million. McKenney said the SG&A summation included $7.0 cardinal related to 2025 acquisitions and a $1.7 cardinal unfavorable currency impact.

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