Kadant Reports First Quarter 2025 Results
Kadant reported mixed Q1 2025 financial results with some growth in key areas despite market challenges. Bookings increased 3% to $256 million, while revenue decreased 4% to $239 million compared to 2024.
Notable highlights include:
- Gross margin improved by 150 basis points to 46.1%
- Net income declined 3% to $24 million
- GAAP EPS decreased to $2.04 from $2.10
- Free cash flow grew 15% to $19 million
The company revised its 2025 guidance downward, citing geopolitical uncertainties and tariff impacts. New revenue guidance is $1.02-1.04 billion, down from $1.04-1.065 billion. Adjusted EPS forecast lowered to $9.05-9.25 from $9.70-10.05. Additional tariff costs of $5-6 million are expected to impact earnings by $0.32-0.39 per share in 2025.
Kadant ha riportato risultati finanziari misti nel primo trimestre del 2025, con una certa crescita in aree chiave nonostante le difficoltà del mercato. Le prenotazioni sono aumentate del 3% raggiungendo 256 milioni di dollari, mentre il fatturato è diminuito del 4% a 239 milioni di dollari rispetto al 2024.
Tra i principali punti salienti:
- Il margine lordo è migliorato di 150 punti base raggiungendo il 46,1%
- L'utile netto è calato del 3% a 24 milioni di dollari
- L'EPS GAAP è sceso a 2,04 dollari da 2,10
- Il flusso di cassa libero è cresciuto del 15% a 19 milioni di dollari
L'azienda ha rivisto al ribasso le previsioni per il 2025, citando incertezze geopolitiche e impatti tariffari. La nuova stima di fatturato è di 1,02-1,04 miliardi di dollari, in calo rispetto a 1,04-1,065 miliardi. La previsione dell'EPS rettificato è stata abbassata a 9,05-9,25 da 9,70-10,05. Sono previsti costi aggiuntivi per tariffe di 5-6 milioni di dollari che impatteranno gli utili per 0,32-0,39 dollari per azione nel 2025.
Kadant reportó resultados financieros mixtos en el primer trimestre de 2025, con cierto crecimiento en áreas clave a pesar de los desafíos del mercado. Las reservas aumentaron un 3% hasta 256 millones de dólares, mientras que los ingresos disminuyeron un 4% a 239 millones de dólares en comparación con 2024.
Aspectos destacados incluyen:
- El margen bruto mejoró 150 puntos básicos hasta un 46,1%
- La utilidad neta disminuyó un 3% a 24 millones de dólares
- La utilidad por acción GAAP bajó a 2,04 desde 2,10
- El flujo de caja libre creció un 15% hasta 19 millones de dólares
La compañía revisó a la baja sus previsiones para 2025, citando incertidumbres geopolíticas e impactos arancelarios. La nueva guía de ingresos es de 1,02-1,04 mil millones de dólares, por debajo de 1,04-1,065 mil millones. La previsión ajustada de utilidad por acción se redujo a 9,05-9,25 desde 9,70-10,05. Se esperan costos adicionales por aranceles de 5-6 millones de dólares que impactarán las ganancias entre 0,32 y 0,39 dólares por acción en 2025.
Kadant는 시장의 어려움에도 불구하고 주요 분야에서 일부 성장하며 2025년 1분기 혼합된 재무 실적을 보고했습니다. 수주는 3% 증가하여 2억 5,600만 달러를 기록했으나, 매출은 4% 감소하여 2억 3,900만 달러에 그쳤습니다(2024년 대비).
주요 내용은 다음과 같습니다:
- 총이익률이 150 베이시스 포인트 개선되어 46.1%를 기록
- 순이익은 3% 감소하여 2,400만 달러
- GAAP 주당순이익(EPS)은 2.10에서 2.04로 감소
- 자유현금흐름은 15% 증가하여 1,900만 달러
회사는 지정학적 불확실성과 관세 영향으로 2025년 가이던스를 하향 조정했습니다. 새로운 매출 가이던스는 10억 2천만~10억 4천만 달러로, 기존 10억 4천만~10억 6,500만 달러에서 낮아졌습니다. 조정 EPS 전망도 9.70~10.05에서 9.05~9.25로 하향 조정되었습니다. 추가 관세 비용 500만~600만 달러가 2025년 주당 0.32~0.39달러의 수익에 영향을 미칠 것으로 예상됩니다.
Kadant a annoncé des résultats financiers mitigés pour le premier trimestre 2025, avec une certaine croissance dans des domaines clés malgré les défis du marché. Les commandes ont augmenté de 3% pour atteindre 256 millions de dollars, tandis que le chiffre d'affaires a diminué de 4% à 239 millions de dollars par rapport à 2024.
Points forts notables :
- La marge brute s'est améliorée de 150 points de base pour atteindre 46,1%
- Le bénéfice net a diminué de 3% à 24 millions de dollars
- Le BPA GAAP est passé de 2,10 à 2,04 dollars
- Le flux de trésorerie disponible a augmenté de 15% à 19 millions de dollars
La société a révisé à la baisse ses prévisions pour 2025, invoquant des incertitudes géopolitiques et l'impact des tarifs douaniers. La nouvelle prévision de chiffre d'affaires est de 1,02 à 1,04 milliard de dollars, contre 1,04 à 1,065 milliard auparavant. La prévision de BPA ajusté a été abaissée à 9,05-9,25 contre 9,70-10,05. Des coûts supplémentaires liés aux tarifs de 5 à 6 millions de dollars devraient réduire les bénéfices de 0,32 à 0,39 dollar par action en 2025.
Kadant meldete gemischte Finanzergebnisse für das erste Quartal 2025 mit Wachstum in wichtigen Bereichen trotz Marktproblemen. Die Aufträge stiegen um 3% auf 256 Millionen US-Dollar, während der Umsatz im Vergleich zu 2024 um 4% auf 239 Millionen US-Dollar sank.
Wichtige Highlights umfassen:
- Die Bruttomarge verbesserte sich um 150 Basispunkte auf 46,1%
- Der Nettogewinn sank um 3% auf 24 Millionen US-Dollar
- Das GAAP-Ergebnis je Aktie (EPS) ging von 2,10 auf 2,04 US-Dollar zurück
- Der Free Cashflow wuchs um 15% auf 19 Millionen US-Dollar
Das Unternehmen senkte seine Prognose für 2025 aufgrund geopolitischer Unsicherheiten und Zollauswirkungen. Die neue Umsatzprognose liegt bei 1,02 bis 1,04 Milliarden US-Dollar, gegenüber zuvor 1,04 bis 1,065 Milliarden. Die bereinigte EPS-Schätzung wurde von 9,70-10,05 auf 9,05-9,25 gesenkt. Zusätzliche Zollkosten von 5-6 Millionen US-Dollar werden erwartet, die das Ergebnis 2025 um 0,32-0,39 US-Dollar je Aktie belasten.
- Bookings increased 3% to $256 million showing continued demand
- Gross margin improved 150 basis points to 46.1%
- Free cash flow increased 15% to $19 million
- Record demand for aftermarket parts reported
- Parts and consumables revenue increased to 75% of total revenue from 69%
- Revenue decreased 4% to $239 million
- Net income declined 3% to $24 million
- Adjusted EPS decreased 12% to $2.10
- Adjusted EBITDA decreased 8% to $48 million
- Full-year guidance reduced: revenue now $1.02-1.04B vs previous $1.04-1.065B
- Additional tariff costs of $5-6M expected in 2025
- Customers delaying large capital projects due to economic uncertainty
- Adjusted EPS guidance lowered to $9.05-9.25 from $9.70-10.05
Insights
Kadant reported mixed Q1 results with declining revenue/earnings but improved margins; significantly reduced 2025 guidance due to tariffs and project delays.
Kadant's Q1 2025 results present a mixed financial picture that skews negative, primarily due to a substantial guidance reduction. Revenue declined
The two primary drivers behind this outlook deterioration are quantifiable:
Despite these headwinds, Kadant demonstrated notable operational resilience. Gross margin expanded 150 basis points to
The company's cash generation metrics present another bright spot, with free cash flow increasing
WESTFORD, Mass., April 29, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended March 29, 2025.
First Quarter Financial Highlights
- Bookings increased
3% to$256 million - Revenue decreased
4% to$239 million - Gross margin increased 150 basis points to
46.1% - Net income decreased
3% to$24 million - GAAP EPS decreased
3% to$2.04 - Adjusted EPS decreased
12% to$2.10 - Adjusted EBITDA decreased
8% to$48 million and represented20.0% of revenue - Operating cash flow remained flat at
$23 million - Free cash flow increased
15% to$19 million
Note: Percent changes above are based on comparison to the prior year period. All references to earnings per share (EPS) are to our EPS as calculated on a diluted basis. Adjusted EPS, adjusted EBITDA, adjusted EBITDA margin, free cash flow, and changes in organic revenue are non-GAAP financial measures that exclude certain items as detailed later in this press release under the heading “Use of Non-GAAP Financial Measures.”
Management Commentary
“Our first quarter results were in line with expectations across most financial metrics despite the increasing geopolitical and trade uncertainties,” said Jeffrey L. Powell, president and chief executive officer of Kadant Inc. “We had record demand for our aftermarket parts, and our operations teams around the globe once again executed extremely well in a challenging environment. This solid execution contributed to strong margin performance and healthy free cash flow in the first quarter.”
First Quarter 2025 Compared to 2024
Revenue decreased four percent to
Net income was
Adjusted EBITDA decreased eight percent to
Bookings increased three percent to
Summary and Outlook
"The geopolitical and trade policy uncertainty has impacted our outlook for 2025,” continued Mr. Powell. “Based on the tariffs currently in effect, we estimate incremental tariff costs of
Conference Call
Kadant will hold a webcast with a slide presentation for investors on Wednesday April 30, 2025, at 11:00 a.m. Eastern Time to discuss its first quarter financial performance, as well as future expectations. To listen to the call live and view the webcast, go to the “Investors” section of the Company’s website at kadant.com. Participants interested in joining the call’s live question and answer session are required to register by clicking here or selecting the Q&A link on our website to receive a dial-in number and unique PIN. It is recommended that you join the call 10 minutes prior to the start of the event. A replay of the webcast presentation will be available on our website through May 30, 2025.
Prior to the call, our earnings release and the slides used in the webcast presentation will be filed with the Securities and Exchange Commission and will be available at sec.gov. After the webcast, Kadant will post its updated general investor presentation incorporating the first quarter results on its website at kadant.com under the “Investors” section.
Use of Non-GAAP Financial Measures
In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), we use certain non-GAAP financial measures, including increases or decreases in revenue excluding the effect of acquisitions and foreign currency translation (organic revenue), adjusted operating income, adjusted net income, adjusted EPS, earnings before interest, taxes, depreciation, and amortization (EBITDA), adjusted EBITDA, adjusted EBITDA margin, and free cash flow.
We use organic revenue to understand our trends and to forecast and evaluate our financial performance and compare revenue to prior periods. Organic revenue excludes revenue from acquisitions for the four quarterly reporting periods following the date of the acquisition and the effect of foreign currency translation. Revenue in the first quarter of 2025 included
We believe these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business, operating results, or future outlook. We believe that the inclusion of such measures helps investors gain an understanding of our underlying operating performance and future prospects, consistent with how management measures and forecasts our performance, especially when comparing such results to previous periods or forecasts and to the performance of our competitors. Such measures are also used by us in our financial and operating decision-making and for compensation purposes. We also believe this information is responsive to investors' requests and gives them additional measures of our performance.
The non-GAAP financial measures included in this press release are not meant to be considered superior to or a substitute for the results of operations or cash flows prepared in accordance with GAAP. In addition, the non-GAAP financial measures included in this press release have limitations associated with their use as compared to the most directly comparable GAAP measures, in that they may be different from, and therefore not comparable to, similar measures used by other companies.
First Quarter
Adjusted operating income, adjusted EBITDA, and adjusted EBITDA margin exclude:
- Pre-tax amortization of acquired profit in inventory and backlog of
$0.4 million in 2025 and$3.1 million in 2024. - Pre-tax acquisition costs of
$0.3 million in 2025 and$1.1 million in 2024. - Pre-tax indemnification asset reversal of
$0.1 million in 2024.
Adjusted net income and adjusted EPS exclude:
- After-tax amortization of acquired profit in inventory and backlog of
$0.3 million ($0.4 million net of tax of$0.1 million ) in 2025 and$2.4 million ($3.1 million net of tax of$0.7 million ) in 2024. - After-tax acquisition costs of
$0.3 million in 2025 and$0.9 million ($1.1 million net of tax of$0.2 million ) in 2024.
Free cash flow is calculated as operating cash flow less:
- Capital expenditures of
$3.8 million in 2025 and$6.3 million in 2024.
Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures are set forth in this press release.
| Financial Highlights (unaudited) | ||||||||||
| (In thousands, except per share amounts and percentages) | ||||||||||
| Three Months Ended | ||||||||||
| Consolidated Statement of Income | March 29, 2025 | March 30, 2024 | ||||||||
| Revenue | $ | 239,210 | $ | 248,975 | ||||||
| Costs and Operating Expenses: | ||||||||||
| Cost of revenue | 128,880 | 138,013 | ||||||||
| Selling, general, and administrative expenses | 71,221 | 70,305 | ||||||||
| Research and development expenses | 3,523 | 3,730 | ||||||||
| 203,624 | 212,048 | |||||||||
| Operating Income | 35,586 | 36,927 | ||||||||
| Interest Income | 517 | 611 | ||||||||
| Interest Expense | (3,822 | ) | (4,669 | ) | ||||||
| Other Expense, Net | (16 | ) | (30 | ) | ||||||
| Income Before Provision for Income Taxes | 32,265 | 32,839 | ||||||||
| Provision for Income Taxes | 7,828 | 7,854 | ||||||||
| Net Income | 24,437 | 24,985 | ||||||||
| Net Income Attributable to Noncontrolling Interests | (374 | ) | (296 | ) | ||||||
| Net Income Attributable to Kadant | $ | 24,063 | $ | 24,689 | ||||||
| Earnings per Share Attributable to Kadant: | ||||||||||
| Basic | $ | 2.05 | $ | 2.11 | ||||||
| Diluted | $ | 2.04 | $ | 2.10 | ||||||
| Weighted Average Shares: | ||||||||||
| Basic | 11,760 | 11,724 | ||||||||
| Diluted | 11,776 | 11,744 | ||||||||
| Three Months Ended | Three Months Ended | ||||||||||||||||
| Adjusted Net Income and Adjusted Diluted EPS (a) | March 29, 2025 | March 29, 2025 | March 30, 2024 | March 30, 2024 | |||||||||||||
| Net Income and Diluted EPS Attributable to Kadant, as Reported | $ | 24,063 | $ | 2.04 | $ | 24,689 | $ | 2.10 | |||||||||
| Adjustments, Net of Tax: | |||||||||||||||||
| Acquired Profit in Inventory and Backlog Amortization | 296 | 0.03 | 2,369 | 0.20 | |||||||||||||
| Acquisition Costs | 315 | 0.03 | 930 | 0.08 | |||||||||||||
| Adjusted Net Income and Adjusted Diluted EPS (a) | $ | 24,674 | $ | 2.10 | $ | 27,988 | $ | 2.38 | |||||||||
| Three Months Ended | Increase (Decrease) Excluding Acquisitions and FX (a,b) | |||||||||||||||
| Revenue by Segment | March 29, 2025 | March 30, 2024 | Increase (Decrease) | |||||||||||||
| Flow Control | $ | 92,441 | $ | 86,682 | $ | 5,759 | $ | 780 | ||||||||
| Industrial Processing | 89,524 | 105,861 | (16,337 | ) | (13,504 | ) | ||||||||||
| Material Handling | 57,245 | 56,432 | 813 | 719 | ||||||||||||
| $ | 239,210 | $ | 248,975 | $ | (9,765 | ) | $ | (12,005 | ) | |||||||
| Percentage of Parts and Consumables Revenue | 75 | % | 69 | % | ||||||||||||
| Three Months Ended | Increase (Decrease) | Increase (Decrease) Excluding Acquisitions and FX (b) | ||||||||||||||
| Bookings by Segment | March 29, 2025 | March 30, 2024 | ||||||||||||||
| Flow Control | $ | 99,987 | $ | 94,670 | $ | 5,317 | $ | (930 | ) | |||||||
| Industrial Processing | 92,366 | 89,877 | 2,489 | 5,499 | ||||||||||||
| Material Handling | 63,865 | 63,883 | (18 | ) | (535 | ) | ||||||||||
| $ | 256,218 | $ | 248,430 | $ | 7,788 | $ | 4,034 | |||||||||
| Percentage of Parts and Consumables Bookings | 74 | % | 69 | % | ||||||||||||
| Three Months Ended | ||||||||||
| Additional Segment Information | March 29, 2025 | March 30, 2024 | ||||||||
| Gross Margin: | ||||||||||
| Flow Control | 53.3 | % | 53.9 | % | ||||||
| Industrial Processing | 44.1 | % | 41.7 | % | ||||||
| Material Handling | 37.7 | % | 35.6 | % | ||||||
| Consolidated | 46.1 | % | 44.6 | % | ||||||
| Operating Income: | ||||||||||
| Flow Control | $ | 22,752 | $ | 21,710 | ||||||
| Industrial Processing | 16,832 | 19,999 | ||||||||
| Material Handling | 7,535 | 5,541 | ||||||||
| Corporate | (11,533 | ) | (10,323 | ) | ||||||
| $ | 35,586 | $ | 36,927 | |||||||
| Adjusted Operating Income (a,c): | ||||||||||
| Flow Control | $ | 23,152 | $ | 21,912 | ||||||
| Industrial Processing | 16,966 | 21,794 | ||||||||
| Material Handling | 7,699 | 7,888 | ||||||||
| Corporate | (11,533 | ) | (10,323 | ) | ||||||
| $ | 36,284 | $ | 41,271 | |||||||
| Capital Expenditures: | ||||||||||
| Flow Control | $ | 1,509 | $ | 1,874 | ||||||
| Industrial Processing | 1,325 | 2,883 | ||||||||
| Material Handling | 999 | 1,506 | ||||||||
| Corporate | 3 | 8 | ||||||||
| $ | 3,836 | $ | 6,271 | |||||||
| Three Months Ended | ||||||||||
| Cash Flow and Other Data | March 29, 2025 | March 30, 2024 | ||||||||
| Operating Cash Flow | $ | 22,835 | $ | 22,831 | ||||||
| Capital Expenditures | (3,836 | ) | (6,271 | ) | ||||||
| Free Cash Flow (a) | $ | 18,999 | $ | 16,560 | ||||||
| Depreciation and Amortization Expense | $ | 12,013 | $ | 11,739 | ||||||
| Balance Sheet Data | March 29, 2025 | December 28, 2024 | ||||||
| Assets | ||||||||
| Cash, Cash Equivalents, and Restricted Cash | $ | 93,805 | $ | 95,946 | ||||
| Accounts Receivable, net | 145,907 | 142,462 | ||||||
| Inventories | 153,544 | 146,092 | ||||||
| Contract Assets | 12,222 | 18,408 | ||||||
| Property, Plant, and Equipment, net | 170,548 | 170,331 | ||||||
| Intangible Assets | 274,782 | 279,494 | ||||||
| Goodwill | 484,501 | 479,169 | ||||||
| Other Assets | 100,130 | 98,443 | ||||||
| $ | 1,435,439 | $ | 1,430,345 | |||||
| Liabilities and Stockholders' Equity | ||||||||
| Accounts Payable | $ | 49,305 | $ | 51,062 | ||||
| Debt Obligations | 274,936 | 286,504 | ||||||
| Other Borrowings | 1,940 | 2,023 | ||||||
| Other Liabilities | 222,688 | 232,628 | ||||||
| Total Liabilities | 548,869 | 572,217 | ||||||
| Stockholders' Equity | 886,570 | 858,128 | ||||||
| $ | 1,435,439 | $ | 1,430,345 | |||||
| Three Months Ended | ||||||||||
| Adjusted Operating Income and Adjusted EBITDA Reconciliation (a) | March 29, 2025 | March 30, 2024 | ||||||||
| Consolidated | ||||||||||
| Net Income Attributable to Kadant | $ | 24,063 | $ | 24,689 | ||||||
| Net Income Attributable to Noncontrolling Interests | 374 | 296 | ||||||||
| Provision for Income Taxes | 7,828 | 7,854 | ||||||||
| Interest Expense, Net | 3,305 | 4,058 | ||||||||
| Other Expense, Net | 16 | 30 | ||||||||
| Operating Income | 35,586 | 36,927 | ||||||||
| Acquired Profit in Inventory Amortization (d) | 11 | 2,331 | ||||||||
| Acquired Backlog Amortization (e) | 379 | 799 | ||||||||
| Acquisition Costs | 337 | 1,124 | ||||||||
| Indemnification Asset (Provision) Reversal, Net (f) | (29 | ) | 90 | |||||||
| Adjusted Operating Income (a) | 36,284 | 41,271 | ||||||||
| Depreciation and Amortization | 11,634 | 10,940 | ||||||||
| Adjusted EBITDA (a) | $ | 47,918 | $ | 52,211 | ||||||
| Adjusted EBITDA Margin (a,g) | 20.0 | % | 21.0 | % | ||||||
| Flow Control | ||||||||||
| Operating Income | $ | 22,752 | $ | 21,710 | ||||||
| Acquired Profit in Inventory Amortization (d) | 11 | — | ||||||||
| Acquired Backlog Amortization (e) | 279 | — | ||||||||
| Acquisition Costs | 8 | — | ||||||||
| Indemnification Asset Reversal (f) | 102 | 202 | ||||||||
| Adjusted Operating Income (a) | 23,152 | 21,912 | ||||||||
| Depreciation and Amortization | 3,012 | 2,221 | ||||||||
| Adjusted EBITDA (a) | $ | 26,164 | $ | 24,133 | ||||||
| Adjusted EBITDA Margin (a,g) | 28.3 | % | 27.8 | % | ||||||
| Industrial Processing | ||||||||||
| Operating Income | $ | 16,832 | $ | 19,999 | ||||||
| Acquired Profit in Inventory Amortization (d) | — | 1,291 | ||||||||
| Acquisition Costs | 340 | 599 | ||||||||
| Indemnification Asset Provision (f) | (206 | ) | (95 | ) | ||||||
| Adjusted Operating Income (a) | 16,966 | 21,794 | ||||||||
| Depreciation and Amortization | 4,725 | 5,159 | ||||||||
| Adjusted EBITDA (a) | $ | 21,691 | $ | 26,953 | ||||||
| Adjusted EBITDA Margin (a,g) | 24.2 | % | 25.5 | % | ||||||
| Material Handling | ||||||||||
| Operating Income | $ | 7,535 | $ | 5,541 | ||||||
| Acquired Profit in Inventory Amortization (d) | — | 1,040 | ||||||||
| Acquired Backlog Amortization (e) | 100 | 799 | ||||||||
| Acquisition Costs | (11 | ) | 525 | |||||||
| Indemnification Asset Reversal (Provision) (f) | 75 | (17 | ) | |||||||
| Adjusted Operating Income (a) | 7,699 | 7,888 | ||||||||
| Depreciation and Amortization | 3,886 | 3,548 | ||||||||
| Adjusted EBITDA (a) | $ | 11,585 | $ | 11,436 | ||||||
| Adjusted EBITDA Margin (a,g) | 20.2 | % | 20.3 | % | ||||||
| Corporate | ||||||||||
| Operating Loss | $ | (11,533 | ) | $ | (10,323 | ) | ||||
| Depreciation and Amortization | 11 | 12 | ||||||||
| EBITDA (a) | $ | (11,522 | ) | $ | (10,311 | ) | ||||
| (a) | Represents a non-GAAP financial measure. | |||||||||
| (b) | Represents the increase (decrease) resulting from the exclusion of acquisitions and from the conversion of current period amounts reported in local currencies into U.S. dollars at the exchange rate of the prior period compared to the U.S. dollar amount reported in the prior period. | |||||||||
| (c) | See reconciliation to the most directly comparable GAAP financial measure under Adjusted Operating Income and Adjusted EBITDA Reconciliation.” | |||||||||
| (d) | Represents amortization expense within cost of revenue associated with acquired profit in inventory. | |||||||||
| (e) | Represents intangible amortization expense associated with acquired backlog. | |||||||||
| (f) | Represents the provision for or reversal of indemnification assets related to the establishment or release of tax reserves associated with uncertain tax positions. | |||||||||
| (g) | Calculated as adjusted EBITDA divided by revenue in each period. | |||||||||
About Kadant
Kadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing®. The Company’s products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 3,500 employees in 20 countries worldwide. For more information, visit kadant.com.
Safe Harbor Statement
The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about our future financial and operating performance, demand for our products, and economic and industry outlook. These forward-looking statements represent our expectations as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading “Risk Factors” in Kadant’s Annual Report on Form 10-K for the fiscal year ended December 28, 2024 and subsequent filings with the Securities and Exchange Commission. These include risks and uncertainties relating to adverse changes in global and local economic conditions; the variability and difficulty in accurately predicting revenues from large capital equipment and systems projects; our acquisition strategy; levels of residential construction activity; reductions by our wood processing customers of their capital spending or production of oriented strand board; changes to the global timber supply; development and use of digital media; cyclical economic conditions affecting the global mining industry; demand for coal, including economic and environmental risks associated with coal; failure of our information systems or breaches of data security and cybersecurity incidents; implementation of our internal growth strategy; competition; our ability to successfully manage our manufacturing operations; supply chain constraints, inflationary pressure, price increases or shortages in raw materials; loss of key personnel and effective succession planning; future restructurings; protection of intellectual property; changes to tax laws and regulations; climate change; adequacy of our insurance coverage; global operations; policies of the Chinese government; the variability and uncertainties in sales of capital equipment in China; currency fluctuations; changes to government regulations and policies around the world; compliance with government regulations and policies and compliance with laws; environmental laws and regulations; environmental, health and safety laws and regulations impacting the mining industry; our debt obligations; restrictions in our credit agreement and note purchase agreement; soundness of financial institutions; fluctuations in our share price; and anti-takeover provisions.
Contacts
Investor Contact Information:
Michael McKenney, 978-776-2000
IR@kadant.com
Media Contact Information:
Wes Martz, 269-278-1715
media@kadant.com
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