WESTFORD, Mass., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the fourth quarter and fiscal year ended January 3, 2026.

Fourth Quarter Financial Highlights

Revenue increased 11% to a record $286 million
Gross margin increased 50 basis points to 43.9%
Net income was $24 million in both periods
GAAP EPS was $2.04 in both periods
Adjusted EPS increased 1% to $2.27
Adjusted EBITDA increased 11% to $58 million and represented 20.3% of revenue
Operating cash flow increased 17% to $61 million
Bookings increased 12% to $270 million

Fiscal Year Financial Highlights

Revenue was $1.05 billion in both periods
Gross margin increased 90 basis points to 45.2%
Net income decreased 9% to $102 million
GAAP EPS decreased 9% to $8.65
Adjusted EPS decreased 10% to $9.26
Adjusted EBITDA decreased 6% to $216 million and represented 20.6% of revenue
Operating cash flow increased 10% to a record $171 million
Bookings increased 5% to a record $1.03 billion

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

"The fourth quarter was a solid finish to the year," said Jeffrey L. Powell, president and chief executive officer of Kadant Inc. "Good execution by our businesses combined with our recent acquisitions drove record revenue performance and strong cash flows despite a challenging economic environment."

Fourth Quarter 2025 Compared to 2024

Revenue increased 11 percent to a record $286.2 million compared to $258.0 million in 2024, including increases of eight percent from acquisitions and three percent from the favorable effect of foreign currency translation. Gross margin was 43.9 percent compared to 43.4 percent in 2024.

Net income was $24.0 million in both 2025 and 2024. GAAP EPS was $2.04 in both periods, and adjusted EPS increased one percent to $2.27 in 2025 compared to $2.25 in 2024. Adjusted EPS excludes acquisition-related costs of $0.17 and other costs of $0.07 in 2025, and excludes acquisition-related costs of $0.16 and other costs of $0.06 in 2024.

Adjusted EBITDA increased 11 percent to $58.0 million compared to $52.4 million in 2024 and represented 20.3 percent of revenue in both periods. Operating cash flow increased 17 percent to $60.8 million compared to $51.9 million in 2024. Free cash flow increased 18 percent to $54.7 million compared to $46.3 million in 2024.

Bookings increased 12 percent to $270.0 million compared to $240.6 million in 2024. Organic bookings increased one percent, which excludes increases of eight percent from acquisitions and three percent from the favorable effect of foreign currency translation.

Fiscal Year 2025 Compared to 2024

Revenue was $1,052.2 million in 2025 compared to a record $1,053.4 million in 2024. Organic revenue decreased four percent, which excludes increases of three percent from acquisitions and one percent from the favorable effect of foreign currency translation. Gross margin was 45.2 percent compared to 44.3 percent in 2024.

Net income was $102.0 million, decreasing nine percent compared to $111.6 million in 2024. GAAP EPS decreased nine percent to $8.65 compared to $9.48 in 2024, and adjusted EPS decreased 10 percent to $9.26 compared to $10.28 in 2024. Adjusted EPS excludes acquisition-related costs of $0.53 and other costs of $0.08 in 2025, and excludes acquisition-related costs of $0.74 and other costs of $0.06 in 2024.

Adjusted EBITDA decreased six percent to $216.3 million and represented 20.6 percent of revenue compared to a record $229.7 million and 21.8 percent in 2024. Operating cash flow increased 10 percent to a record $171.3 million compared to $155.3 million in 2024. Free cash flow increased 15 percent to a record $154.3 million compared to $134.3 million in 2024.

Bookings increased five percent to a record $1,033.9 million compared to $981.1 million in 2024. Organic bookings increased one percent, which excludes a four percent increase from acquisitions.

Summary and Outlook

"Looking ahead to 2026, we are encouraged by improving business activity as we begin the year," continued Mr. Powell. "Our capital project bookings are expected to strengthen supported by steady aftermarket demand, a strong balance sheet, and robust cash flow generation. For 2026, we expect revenue of $1.160 to $1.185 billion, GAAP EPS of $10.27 to $10.62 and, after excluding $0.13 of acquisition-related costs, adjusted EPS of $10.40 to $10.75. For the first quarter of 2026, we expect revenue of $270 to $280 million, GAAP EPS of $1.69 to $1.79 and, after excluding $0.09 of acquisition-related costs, adjusted EPS of $1.78 to $1.88."

Conference Call

Kadant will hold a webcast with a slide presentation for investors on Thursday, February 19, 2026, at 11:00 a.m. Eastern Time to discuss its fourth quarter and full year 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 March 20, 2026.

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 fourth quarter and full year 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 fourth quarter of 2025 included $21.9 million from acquisitions and a favorable foreign currency translation effect of $6.5 million compared to the fourth quarter of 2024. Revenue in 2025 included $36.7 million from acquisitions and a favorable foreign currency translation effect of $7.0 million compared to 2024. Our other non-GAAP financial measures exclude acquisition costs, amortization expense related to acquired profit in inventory and backlog, restructuring and impairment costs, and other income or expense, as indicated. Collectively, these items are excluded as they are not indicative of our core operating results and are not comparable to other periods, which have differing levels of incremental costs, expenditures or income, or none at all. Additionally, we use free cash flow in order to provide insight on our ability to generate cash for acquisitions and debt repayments, as well as for other investing and financing activities.

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.

Fourth Quarter

Adjusted operating income, adjusted EBITDA, and adjusted EBITDA margin exclude:

Pre-tax acquisition costs of $0.9 million in 2025 and $0.3 million in 2024.
Pre-tax amortization of acquired profit in inventory and backlog of $1.1 million in 2025 and $2.2 million in 2024.
Pre-tax indemnification asset reversal of $0.6 million in 2025 and $0.3 million in 2024.
Pre-tax other costs of $1.0 million in 2025 and $0.7 million in 2024.

Adjusted net income and adjusted EPS exclude:

After-tax acquisition costs of $1.1 million ($0.9 million plus tax of $0.2 million) in 2025 and $0.2 million ($0.3 million net of tax of $0.1 million) in 2024.
After-tax amortization of acquired profit in inventory and backlog of $0.9 million ($1.1 million net of tax of $0.2 million) in 2025 and $1.7 million ($2.2 million net of tax of $0.5 million) in 2024.
After-tax other costs of $0.8 million ($1.0 million net of tax of $0.2 million) in 2025 and $0.7 million in 2024.

Free cash flow is calculated as operating cash flow less:

Capital expenditures of $6.1 million in 2025 and $5.6 million in 2024.

Fiscal Year

Adjusted operating income, adjusted EBITDA, and adjusted EBITDA margin exclude:

Pre-tax acquisition costs of $4.4 million in 2025 and $2.9 million in 2024.
Pre-tax amortization of acquired profit in inventory and backlog of $2.4 million in 2025 and $8.4 million in 2024.
Pre-tax indemnification asset reversal of $0.6 million in 2025 and $0.2 million in 2024.
Pre-tax other costs of $1.3 million in 2025 and $0.7 million in 2024.

Adjusted net income and adjusted EPS exclude:

After-tax acquisition costs of $4.5 million ($4.4 million plus tax of $0.1 million) in 2025 and $2.3 million ($2.9 million net of tax of $0.6 million) in 2024.
After-tax amortization of acquired profit in inventory and backlog of $1.8 million ($2.4 million net of tax of $0.6 million) in 2025 and $6.4 million ($8.4 million net of tax of $2.0 million) in 2024.
After-tax other costs of $1.0 million in ($1.3 million net of tax of $0.3 million) 2025 and $0.7 million in 2024.

Free cash flow is calculated as operating cash flow less:

Capital expenditures of $17.0 million in 2025 and $21.0 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						Twelve Months Ended
Consolidated Statement of Income			January 3, 2026			December 28, 2024			January 3, 2026			December 28, 2024
Revenue			$	286,204		$	258,030		$	1,052,248		$	1,053,384
Costs and Operating Expenses:
	Cost of revenue			160,509			146,170			576,520			587,236
	Selling, general, and administrative expenses			80,862			70,568			301,863			279,920
	Research and development expenses			4,098			3,697			15,264			14,318
	Other costs (g)			1,026			658			1,313			658
				246,495			221,093			894,960			882,132
Operating Income				39,709			36,937			157,288			171,252
Interest Income				600			529			1,929			1,915
Interest Expense				(5,322	)		(4,642	)		(15,571	)		(20,028	)
Other Expense, Net				(9	)		(21	)		(61	)		(69	)
Income Before Provision for Income Taxes				34,978			32,803			143,585			153,070
Provision for Income Taxes				10,488			8,706			39,904			40,516
Net Income				24,490			24,097			103,681			112,554
Net Income Attributable to Noncontrolling Interests				(465	)		(65	)		(1,712	)		(956	)
Net Income Attributable to Kadant			$	24,025		$	24,032		$	101,969		$	111,598

Earnings per Share Attributable to Kadant:
		Basic	$	2.04		$	2.05		$	8.66		$	9.51
		Diluted	$	2.04		$	2.04		$	8.65		$	9.48

Weighted Average Shares:
		Basic		11,779			11,745			11,773			11,739
		Diluted		11,805			11,794			11,794			11,771

		Three Months Ended				Three Months Ended
Adjusted Net Income and Adjusted Diluted EPS (a)		January 3, 2026		January 3, 2026		December 28, 2024		December 28, 2024
Net Income and Diluted EPS Attributable to Kadant, as Reported		$	24,025	$	2.04	$	24,032	$	2.04
Adjustments, Net of Tax:
	Acquisition Costs		1,146		0.10		194		0.02
	Amortization of Profit in Inventory and Backlog		850		0.07		1,664		0.14
	Other Costs (g)		769		0.07		658		0.06
Adjusted Net Income and Adjusted Diluted EPS (a)		$	26,790	$	2.27	$	26,548	$	2.25

		Twelve Months Ended				Twelve Months Ended
		January 3, 2026		January 3, 2026		December 28, 2024		December 28, 2024
Net Income and Diluted EPS Attributable to Kadant, as Reported		$	101,969	$	8.65	$	111,598	$	9.48
Adjustments, Net of Tax:
	Acquisition Costs		4,536		0.38		2,320		0.20
	Amortization of Profit in Inventory and Backlog		1,775		0.15		6,394		0.54
	Other Costs (g)		985		0.08		658		0.06
Adjusted Net Income and Adjusted Diluted EPS (a)		$	109,265	$	9.26	$	120,970	$	10.28

	Three Months Ended									Increase (Decrease) Excluding Acquisitions and FX (a,b)
Revenue by Segment	January 3, 2026			December 28, 2024			Increase			Increase (Decrease) Excluding Acquisitions and FX (a,b)
Flow Control	$	99,639		$	94,684		$	4,955		$	1,639
Industrial Processing		117,635			101,428			16,207			(7,333	)
Material Handling		68,930			61,918			7,012			5,486
	$	286,204		$	258,030		$	28,174		$	(208	)

Percentage of Parts and Consumables Revenue		70	%		67	%

	Twelve Months Ended						Increase (Decrease)			Increase (Decrease) Excluding Acquisitions and FX (a,b)
	January 3, 2026			December 28, 2024			Increase (Decrease)			Increase (Decrease) Excluding Acquisitions and FX (a,b)
Flow Control	$	382,866		$	371,177		$	11,689		$	(109	)
Industrial Processing		409,489			432,738			(23,249	)		(51,310	)
Material Handling		259,893			249,469			10,424			6,623
	$	1,052,248		$	1,053,384		$	(1,136	)	$	(44,796	)

Percentage of Parts and Consumables Revenue		71	%		66	%

	Three Months Ended						Increase			Increase (Decrease) Excluding Acquisitions and FX (b)
Bookings by Segment	January 3, 2026			December 28, 2024			Increase			Increase (Decrease) Excluding Acquisitions and FX (b)
Flow Control	$	93,617		$	87,436		$	6,181		$	3,108
Industrial Processing		120,993			103,607			17,386			(4,401	)
Material Handling		55,372			49,601			5,771			4,452
	$	269,982		$	240,644		$	29,338		$	3,159

Percentage of Parts and Consumables Bookings		73	%		70	%

	Twelve Months Ended						Increase			Increase Excluding Acquisitions and FX (b)
	January 3, 2026			December 28, 2024			Increase			Increase Excluding Acquisitions and FX (b)
Flow Control	$	380,503		$	365,185		$	15,318		$	2,864
Industrial Processing		403,895			379,517			24,378			1,796
Material Handling		249,532			236,399			13,133			9,144
	$	1,033,930		$	981,101		$	52,829		$	13,804

Percentage of Parts and Consumables Bookings		72	%		71	%

		Three Months Ended						Twelve Months Ended
Additional Segment Information		January 3, 2026			December 28, 2024			January 3, 2026			December 28, 2024
Gross Margin:
	Flow Control		50.5	%		51.4	%		52.3	%		52.5	%
	Industrial Processing		42.0	%		39.9	%		43.0	%		41.8	%
	Material Handling		37.6	%		36.7	%		38.1	%		36.3	%
	Consolidated		43.9	%		43.4	%		45.2	%		44.3	%

Operating Income:
	Flow Control	$	23,271		$	22,091		$	92,808		$	91,612
	Industrial Processing		16,602			16,563			67,748			86,623
	Material Handling		11,234			8,551			41,241			34,073
	Corporate		(11,398	)		(10,268	)		(44,509	)		(41,056	)
		$	39,709		$	36,937		$	157,288		$	171,252

Adjusted Operating Income (a,c):
	Flow Control	$	23,651		$	24,330		$	93,976		$	96,476
	Industrial Processing		19,748			17,442			74,889			90,218
	Material Handling		11,362			8,934			41,588			37,743
	Corporate		(11,398	)		(10,268	)		(44,509	)		(41,056	)
		$	43,363		$	40,438		$	165,944		$	183,381

Capital Expenditures:
	Flow Control	$	1,949		$	1,496		$	6,051		$	7,225
	Industrial Processing		1,840			2,178			5,543			8,121
	Material Handling		2,119			1,901			5,309			5,638
	Corporate		142			—			145			21
		$	6,050		$	5,575		$	17,048		$	21,005

		Three Months Ended						Twelve Months Ended
Cash Flow and Other Data		January 3, 2026			December 28, 2024			January 3, 2026			December 28, 2024
Operating Cash Flow		$	60,759		$	51,890		$	171,328		$	155,265
Capital Expenditures			(6,050	)		(5,575	)		(17,048	)		(21,005	)
Free Cash Flow (a)		$	54,709		$	46,315		$	154,280		$	134,260

Depreciation and Amortization Expense		$	14,740		$	13,082		$	51,219		$	49,587

Balance Sheet Data		January 3, 2026		December 28, 2024
Assets
Cash, Cash Equivalents, and Restricted Cash		$	122,681	$	95,946
Accounts Receivable, Net			158,567		142,462
Inventories			206,854		146,092
Contract Assets			6,599		18,408
Property, Plant, and Equipment, Net			196,656		170,331
Intangible Assets			350,376		279,494
Goodwill			555,621		479,169
Other Assets			114,824		98,443
		$	1,712,178	$	1,430,345
Liabilities and Stockholders' Equity
Accounts Payable		$	53,362	$	51,062
Debt Obligations			372,720		286,504
Other Borrowings			1,781		2,023
Other Liabilities			293,248		232,628
	Total Liabilities		721,111		572,217
	Stockholders' Equity		991,067		858,128
		$	1,712,178	$	1,430,345

		Three Months Ended						Twelve Months Ended
Adjusted Operating Income and Adjusted EBITDA Reconciliation (a)		January 3, 2026			December 28, 2024			January 3, 2026			December 28, 2024
Consolidated
	Net Income Attributable to Kadant	$	24,025		$	24,032		$	101,969		$	111,598
	Net Income Attributable to Noncontrolling Interests		465			65			1,712			956
	Provision for Income Taxes		10,488			8,706			39,904			40,516
	Interest Expense, Net		4,722			4,113			13,642			18,113
	Other Expense, Net		9			21			61			69
	Operating Income		39,709			36,937			157,288			171,252
	Acquisition Costs		927			339			4,425			2,872
	Acquired Profit in Inventory Amortization (d)		1,004			1,124			1,504			5,189
	Acquired Backlog Amortization (e)		109			1,071			855			3,252
	Indemnification Asset Reversal, Net (f)		588			309			559			158
	Other Costs (g)		1,026			658			1,313			658
	Adjusted Operating Income (a)		43,363			40,438			165,944			183,381
	Depreciation and Amortization		14,631			12,011			50,364			46,335
	Adjusted EBITDA (a)	$	57,994		$	52,449		$	216,308		$	229,716
	Adjusted EBITDA Margin (a,h)		20.3	%		20.3	%		20.6	%		21.8	%

Flow Control
	Operating Income	$	23,271		$	22,091		$	92,808		$	91,612
	Acquisition Costs		3			18			44			655
	Acquired Profit in Inventory Amortization (d)		—			981			35			1,944
	Acquired Backlog Amortization (e)		91			618			701			1,500
	Indemnification Asset Reversal (Provision) (f)		286			(36	)		388			107
	Other Costs (g)		—			658			—			658
	Adjusted Operating Income (a)		23,651			24,330			93,976			96,476
	Depreciation and Amortization		3,184			2,874			12,451			10,435
	Adjusted EBITDA (a)	$	26,835		$	27,204		$	106,427		$	106,911
	Adjusted EBITDA Margin (a,h)		26.9	%		28.7	%		27.8	%		28.8	%

Industrial Processing
	Operating Income	$	16,602		$	16,563		$	67,748		$	86,623
	Acquisition Costs		920			361			4,369			1,203
	Acquired Profit in Inventory Amortization (d)		1,004			139			1,469			2,201
	Indemnification Asset Reversal (Provision) (f)		196			379			(10	)		191
	Other Costs (g)		1,026			—			1,313			—
	Adjusted Operating Income (a)		19,748			17,442			74,889			90,218
	Depreciation and Amortization		7,554			5,149			22,404			20,607
	Adjusted EBITDA (a)	$	27,302		$	22,591		$	97,293		$	110,825
	Adjusted EBITDA Margin (a,h)		23.2	%		22.3	%		23.8	%		25.6	%

Material Handling
	Operating Income	$	11,234		$	8,551		$	41,241		$	34,073
	Acquisition Costs		4			(40	)		12			1,014
	Acquired Profit in Inventory Amortization (d)		—			4			—			1,044
	Acquired Backlog Amortization (e)		18			453			154			1,752
	Indemnification Asset Reversal (Provision) (f)		106			(34	)		181			(140	)
	Adjusted Operating Income (a)		11,362			8,934			41,588			37,743
	Depreciation and Amortization		3,878			3,975			15,458			15,244
	Adjusted EBITDA (a)	$	15,240		$	12,909		$	57,046		$	52,987
	Adjusted EBITDA Margin (a,h)		22.1	%		20.8	%		21.9	%		21.2	%

Corporate
	Operating Loss	$	(11,398	)	$	(10,268	)	$	(44,509	)	$	(41,056	)
	Depreciation and Amortization		15			13			51			49
	EBITDA (a)	$	(11,383	)	$	(10,255	)	$	(44,458	)	$	(41,007	)

(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)	Other costs consist of land remediation costs of $871 ($653 net of tax) and restructuring costs of $155 ($116 net of tax) in the three and twelve months ended January 3, 2026, and impairment costs of $287 ($216 net of tax) in the twelve months ended January 3, 2026 all within the Industrial Processing segment, and a loss of $658 in the three and twelve months ended December 28, 2024 related to the recognition of a cumulative translation adjustment from the liquidation of a foreign subsidiary within the Flow Control segment.

(h)	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 3,900 employees in 22 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, 978-776-2000

media@kadant.com

Kadant Reports Fourth Quarter and Fiscal Year 2025 Results