Kadant Delivers Record Q2 and Lifts Full-Year Outlook
KAI sits 37% above its 52-week low of $244.87.
Summary
Kadant posted record Q2 2026 revenue of $312.9 million and adjusted EPS of $3.42, both ahead of expectations. Full-year revenue and adjusted EPS guidance were raised, reflecting healthy demand and operational discipline.
Key Events · Earnings and Guidance · KAI
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Record Q2 Revenue and Earnings
Revenue grew 23% YoY to $312.9 million, adjusted EPS rose 26% to $3.42, and adjusted EBITDA increased 30% to $68.1 million — all quarterly records.
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Full-Year Guidance Raised
FY 2026 revenue guidance increased to $1.190–$1.210 billion (from $1.178–$1.203 billion) and adjusted EPS guidance raised to $12.43–$12.68 (from $12.33–$12.68).
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Q3 2026 Outlook Provided
Q3 revenue expected at $297–$307 million, with GAAP EPS of $2.28–$2.38 and adjusted EPS of $2.90–$3.00.
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Strong Aftermarket Demand Drives Growth
Parts and consumables revenue remained robust at 68% of total revenue, supporting a 16% increase in bookings to $312.1 million.
Analysis · KAI · Technology
A standout second quarter saw revenue climb 23% to a record $312.9 million and adjusted EPS jump 26% to $3.42. Bolstered by that momentum, management raised its full-year revenue and adjusted EPS guidance, underscoring confidence in resilient aftermarket demand even as capital project timing remains uncertain. The quarter highlights the durability of Kadant's model and the payoff from recent acquisitions.
At the time of this filing, KAI was trading at $334.92 on NYSE in the Technology sector, with a market capitalization of approximately $4B. The 52-week trading range was $244.87 to $357.65. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.