Kadant Inc. Reports Record Q3 2026 Revenue and Earnings Driven by Aftermarket Sales
Kadant Inc. (KAI) delivered a strong third quarter for 2026, reporting revenue of $313.2 million, a 15% increase year-over-year. The growth was primarily fueled by record aftermarket parts sales, which reached $218.4 million and accounted for 70% of total revenue. Adjusted earnings per share (EPS) rose 21% to $3.64, exceeding the company's high-end guidance. Despite facing economic headwinds in Europe and Asia that have extended project cycles, Kadant saw significant improvements in cash flow and debt reduction. The company raised its full-year 2026 revenue and adjusted EPS guidance, reflecting confidence in organic growth across its operating segments despite global capital equipment market challenges.
Topics: adjusted eps beat aftermarket parts sales bookings increase free cash flow revenue growth