NYSE$KAI
Kadant Inc · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Kadant reported a record 11% increase in revenue for the fourth quarter of 2025, reaching $286.2 million, with gross margin improving to 43.9%.
Kadant Inc. announced strong fourth-quarter and fiscal year 2025 results, with record revenue of $286.2 million in Q4, an 11% increase year-over-year. The company also reported a gross margin of 43.9% and adjusted EBITDA of $58 million, representing 20.3% of revenue. Operating cash flow increased by 17% to $61 million, and bookings rose by 12% to $270 million.
- Fourth quarter revenue increased 11% to a record $286.2 million, driven by acquisitions and favorable foreign currency translation.
- Gross margin improved by 50 basis points to 43.9% in the fourth quarter.
- Adjusted EBITDA for the fourth quarter increased 11% to $58 million, representing 20.3% of revenue.
- Operating cash flow saw a 17% increase to $61 million, and bookings grew 12% to $270 million in the fourth quarter.
Headline financials
Revenue & EPS history
Kadant · Revenue · Quarterly
$286M
Forward guidance
For fiscal year 2026, Kadant expects revenue to be between $1.160 billion and $1.185 billion, with GAAP EPS ranging from $10.27 to $10.62, and adjusted EPS from $10.40 to $10.75. For the first quarter of 2026, revenue is projected to be $270 million to $280 million, with GAAP EPS of $1.69 to $1.79 and adjusted EPS of $1.78 to $1.88.
Tailwinds
- Improving business activity is expected as the year begins.
- Capital project bookings are anticipated to strengthen.
- Steady aftermarket demand is expected to continue.
- The company maintains a strong balance sheet.
- Robust cash flow generation is expected.
Headwinds
- Acquisition-related costs are expected to impact adjusted EPS for the full year 2026.
- Acquisition-related costs are expected to impact adjusted EPS for the first quarter of 2026.
- The guidance for 2026 GAAP EPS is lower than the adjusted EPS, indicating ongoing non-GAAP adjustments.
- The first quarter 2026 GAAP EPS guidance is lower than the adjusted EPS guidance, reflecting similar adjustments.
- No specific negative factors were highlighted beyond the impact of acquisition-related costs on adjusted EPS.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
+1.3%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+2.3%
Avg return
30 days after
56%
35 / 63 earnings
Positive
+13.1%
Q2 2017
Best reaction
-14.4%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.3% | +15.6% | +1.2% | |
| Q4 2025 | +2.7% | +4.8% | -7.5% | |
| Q3 2025 | +0.8% | -7.3% | -6.8% | |
| Q1 2025 | -6.5% | -7.1% | -0.5% | |
| Q4 2024 | -0.7% | +11.6% | -1.2% | |
| Q3 2024 | +4.2% | +6.6% | +25.2% | |
| Q2 2024 | -0.6% | -12.4% | -9.4% | |
| Q1 2024 | -8.9% | -5.1% | -4.2% | |
| Q4 2023 | +12.0% | +11.5% | +4.5% | |
| Q3 2023 | +6.8% | +10.9% | +18.3% | |
| Q2 2023 | -6.7% | -4.8% | -1.4% | |
| Q1 2023 | +3.4% | +4.7% | +2.9% | |
| Q4 2022 | +4.7% | +8.1% | -2.5% | |
| Q3 2022 | -5.2% | -1.9% | +8.9% | |
| Q2 2022 | -3.0% | -5.0% | -12.8% | |
| Q1 2022 | +5.9% | -1.2% | +1.5% | |
| Q4 2021 | -4.6% | -6.3% | -3.6% | |
| Q3 2021 | +2.6% | +5.2% | +6.7% | |
| Q2 2021 | +9.2% | +12.8% | +20.3% | |
| Q1 2021 | -0.7% | +3.7% | -5.4% | |
| Q3 2020 | -4.5% | -1.9% | +12.1% | |
| Q2 2020 | -6.1% | -7.3% | -1.2% | |
| Q1 2020 | +0.4% | -2.3% | +15.7% | |
| Q4 2019 | -14.4% | -10.4% | -33.7% | |
| Q3 2019 | +1.4% | +5.3% | +11.6% | |
| Q2 2019 | +8.3% | -1.9% | -5.0% | |
| Q1 2019 | -0.9% | -7.0% | -16.1% | |
| Q4 2018 | +2.6% | +1.6% | +1.8% | |
| Q3 2018 | +5.9% | +4.7% | -1.8% | |
| Q2 2018 | -0.2% | -5.4% | +4.8% | |
| Q1 2018 | +0.7% | -0.6% | +4.5% | |
| Q4 2017 | -0.4% | -0.6% | +4.8% | |
| Q3 2017 | +10.2% | +3.2% | -0.0% | |
| Q2 2017 | +13.1% | +11.1% | +11.3% | |
| Q1 2017 | +13.0% | +18.8% | +26.2% | |
| Q4 2016 | +0.0% | -0.3% | -6.7% | |
| Q3 2016 | +3.1% | +1.6% | +22.0% | |
| Q2 2016 | +3.9% | -1.0% | +1.7% | |
| Q1 2016 | +3.0% | — | — | |
| Q4 2015 | -2.9% | — | — | |
| Q3 2015 | -3.3% | — | — | |
| Q2 2015 | +5.0% | — | — | |
| Q1 2015 | -6.9% | — | — | |
| Q4 2014 | +1.0% | — | — | |
| Q3 2014 | +7.1% | — | — | |
| Q2 2014 | +1.9% | — | — | |
| Q1 2014 | -2.3% | — | — | |
| Q4 2013 | +4.4% | — | — | |
| Q3 2013 | +3.4% | — | — | |
| Q2 2013 | -3.1% | — | — | |
| Q1 2013 | +6.4% | — | — | |
| Q4 2012 | -9.0% | — | — | |
| Q3 2012 | +10.3% | — | — | |
| Q2 2012 | -8.2% | — | — | |
| Q1 2012 | +1.6% | — | — | |
| Q4 2011 | -0.8% | — | — | |
| Q4 2010 | -0.8% | — | — | |
| Q3 2011 | -4.8% | — | — | |
| Q2 2011 | +11.6% | — | — | |
| Q1 2011 | +11.6% | — | — | |
| Q3 2010 | +0.6% | — | — | |
| Q2 2010 | -0.7% | — | — | |
| Q1 2010 | +5.2% | — | — |
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