KADANT INC

Kadant Inc.'s Board of Directors has authorized a new share repurchase program of up to $50 million, effective from May 21, 2026, to May 21, 2027. The repurchases will be at the discretion of company management, considering market conditions and limitations from its credit agreement. This new authorization follows a previous $50 million program under which no shares were repurchased before its expiration on May 15, 2026.

Kadant Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.36 per share. The dividend is scheduled to be paid on August 13, 2026, to stockholders of record as of the close of business on July 16, 2026. Future dividend declarations remain subject to Board approval and potential adjustments based on business needs or market conditions.

Kadant Inc. reported strong first-quarter results for 2026, with revenue increasing to $281.5 million and diluted earnings per share rising to $2.16. The company also declared a higher common stock dividend of $0.36 per share. Growth was observed across all geographic segments and product types, with parts and consumables and capital equipment contributing positively.

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.

Kadant Inc. announced it will release its first quarter 2026 financial results after market close on Tuesday, May 5, 2026. The company will host a webcast and conference call to discuss the results and future expectations on Wednesday, May 6, 2026, at 11:00 a.m. Eastern Time. Investors can access the webcast via the company's website, with registration required for the live Q&A session.

Kadant Inc. has completed its previously announced acquisition of voestalpine BÖHLER Profil GmbH & Co KG and voestalpine BÖHLER Profil VerwaltungsGmbH for approximately 157.0 million euros in cash. The acquired companies have been renamed Kadant Profil and will operate within Kadant’s Industrial Processing reporting segment. This acquisition, financed primarily through Kadant's revolving credit facility, is expected to enhance Kadant's capabilities in customized rolled profiles and industrial knife solutions, leveraging Kadant Profil's patented processes and R&D expertise.

Kadant Inc. announced the completion of its acquisition of voestalpine BÖHLER Profil GmbH & Co KG and voestalpine BÖHLER Profil VerwaltungsGmbH. The acquired entities have been renamed Kadant Profil GmbH & Co KG and Kadant Profil Verwaltungs GmbH and will operate in Bruckbach, Austria, within Kadant's Industrial Processing segment. Kadant Profil, founded in 1872, specializes in customized rolled profiles and industrial knife solutions. Kadant's CEO, Jeffrey L. Powell, highlighted the strategic alignment and the acquired company's strong operational discipline and creative solutions.