Quarterly ResultMay 5, 2026, 04:41 PM
Kadant Q1 Bookings +25% to Record $321M; Revenue +18%; EPS $2.16
AI Summary
Kadant Inc. reported strong first-quarter 2026 financial results, with bookings increasing 25% to a record $321 million and revenue rising 18% to $282 million. GAAP EPS grew 6% to $2.16, and adjusted EPS increased 14% to $2.84. The company's CEO highlighted robust demand for aftermarket parts and contributions from recent acquisitions. Kadant revised its full-year 2026 revenue guidance upwards to $1.178-$1.203 billion but lowered GAAP EPS to $9.80-$10.15 and adjusted EPS to $12.33-$12.68, primarily due to short-term dilution from a recent acquisition and geopolitical challenges.
Key Highlights
- Q1 bookings rose 25% to a record $321 million.
- Q1 revenue increased 18% to $282 million.
- Q1 GAAP diluted EPS grew 6% to $2.16.
- Q1 adjusted diluted EPS increased 14% to $2.84.
- Q1 adjusted EBITDA increased 19% to $57 million.
- Full-year 2026 revenue guidance raised to $1.178-$1.203 billion.
- Full-year 2026 adjusted EPS guidance lowered to $12.33-$12.68.
- Q1 operating cash flow decreased 4% to $21.9 million.