KADANT INC

For the period ended Jan 3, 2026. Filed Mar 3, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2026 · Filed Mar 3, 2026

KAI$303.26+3.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Note

Business Segment and Geographical Information

The Company is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing and operates inthree reportable segments consisting of its Flow Control segment, Industrial Processing segment, and Material Handling segment. The Company aggregated its operating segments into its reportable segments where they contained similar products and economic characteristics, and shared similar types of customers, and production and distribution methods. The Flow Control segment is comprised of its fluid-handling and its doctoring, cleaning, & filtration operating segments, and the Industrial Processing segment is comprised of its wood processing and its fiber processing operating segments.

Each of our reportable segments is led by a segment vice president, who reports directly to the Chief Executive Officer (CEO). The Company has determined that its CEO is its Chief Operating Decision Maker (CODM) who is responsible for assessing performance and allocating resources. The CODM utilizes segment gross profit margin and segment operating income margin to evaluate the performance of each segment and allocate resources effectively. The CODM primarily reviews these profit measures in comparison to forecasts, trends, key performance targets, and results of industry peers to assess profitability, identify areas for improvement, and make strategic decisions regarding investments and resource allocation within each segment.

The following is a brief description of the Company's reportable segments:

Flow Control – Custom-engineered products, systems, and technologies that control the flow of fluids used in industrial and commercial applications to keep critical processes running efficiently in the packaging, paper and tissue, food, energy, defense, and numerous other industrial sectors. The Company's primary products include rotary sealing devices, steam systems, expansion joints, doctor systems, roll and fabric cleaning devices, and filtration and fiber recovery systems.

Industrial Processing – Equipment, machinery, and technologies used to recycle paper and paperboard and process timber, and optimize industrial steam boiler efficiency for use in the packaging, paper, tissue, wood products and food processing industries, among others. The Company's primary products include fiber processing systems and recycling equipment, chemical pulping equipment, debarkers, stranders, chippers, custom-engineered knife systems, industrial boiler cleaning technologies, and continuous dewatering equipment.

Material Handling – Products and engineered systems used to handle bulk and discrete materials for secondary processing or transport in the aggregates, mining, food, and waste management industries, among others. The Company's primary products include conveying and vibratory equipment and balers. In addition, the Company manufactures and sells biodegradable, absorbent granules used as carriers in agricultural, home lawn and garden, professional lawn, turf and ornamental applications, and for oil and grease absorption.

Table of Contents
Kadant Inc.	2025 Financial Statements

The following tables present financial information for the Company's reportable segments:

January 3, 2026
(In thousands) · Flow Control · Industrial Processing · Material Handling · Total
Revenue	$382,866		$409,489		$259,893	$1,052,248
Cost of revenue	182,450		233,300		160,770	576,520
Gross Profit	200,416		176,189		99,123	475,728
Gross Profit Margin	52.3%	43.0%		38.1%	45.2%
Operating Expenses:
Selling expenses	58,422		44,841		27,273	130,536
General and administrative expenses	37,755		38,408		17,837	94,000
Research and development expenses	5,580		7,441		2,243	15,264
Intangible asset amortization expense	5,616		11,764		10,915	28,295
Other segment items (a)	235		5,987		(386)	5,836
Segment Operating Income	$92,808		$67,748		$41,241	$201,797
Segment Operating Income Margin	24.2%	16.5%		15.9%
Corporate Expenses (b)	(44,509)
Interest Expense, Net (c)	(13,642)
Other Expense, Net (c)	(61)
Income Before Provision for Income Taxes	$143,585

(In thousands)	Flow Control	Industrial Processing	Material Handling	Corporate	Total
Other Segment Disclosures
Depreciation expense (d)	$7,536	$10,640	$4,697	$51	$22,924
Segment assets (e)	450,911	826,062	411,813	23,392	1,712,178
Capital expenditures	6,051	5,543	5,309	145	17,048

December 28, 2024
(In thousands) · Flow Control · Industrial Processing · Material Handling · Total
Revenue		$371,177		$432,738		$249,469	$1,053,384
Cost of revenue		176,340		252,068		158,828	587,236
Gross Profit		194,837		180,670		90,641	466,148
Gross Profit Margin		52.5%	41.8%		36.3%	44.3%
Operating Expenses:
Selling expenses		55,326		42,008		24,592	121,926
General and administrative expenses		35,686		33,638		16,668	85,992
Research and development expenses		5,874		6,231		2,213	14,318
Intangible asset amortization expense		5,260		11,094		12,686	29,040
Other segment items (a)		1,079		1,076		409	2,564
Segment Operating Income		$91,612		$86,623		$34,073	$212,308
Segment Operating Income Margin		24.7%	20.0%		13.7%
Corporate Expenses (b)		(41,056)
Interest Expense, Net (c)	(18,113)
Other Expense, Net (c)	(69)
Income Before Provision for Income Taxes	$153,070

Table of Contents
Kadant Inc.	2025 Financial Statements

December 28, 2024 (continued)
(In thousands)	Flow Control	Industrial Processing	Material Handling	Corporate	Total
Other Segment Disclosures
Depreciation expense (d)	$6,675	$9,513	$4,310	$49	$20,547
Segment assets (e)	431,536	569,817	411,178	17,814	1,430,345
Capital expenditures	7,225	8,121	5,638	21	21,005

December 30, 2023
(In thousands) · Flow Control · Industrial Processing · Material Handling · Total
Revenue		$363,451		$354,703		$239,518	$957,672
Cost of revenue		175,144		212,247		153,975	541,366
Gross Profit		188,307		142,456		85,543	416,306
Gross Profit Margin		51.8%	40.2%		35.7%	43.5%
Operating Expenses:
Selling expenses		51,315		31,660		19,978	102,953
General and administrative expenses		33,625		27,747		13,836	75,208
Research and development expenses		4,865		6,834		1,843	13,542
Intangible asset amortization expense		2,953		6,355		9,140	18,448
Other segment items (a)		300		579		54	933
Segment Operating Income		$95,249		$69,281		$40,692	$205,222
Segment Operating Income Margin		26.2%	19.5%		17.0%
Corporate Expenses (b)		(39,465)
Interest Expense, Net (c)	(6,640)
Other Expense, Net (c)	(101)
Income Before Provision for Income Taxes	$159,016

(In thousands)	Flow Control	Industrial Processing	Material Handling	Corporate	Total
Other Segment Disclosures
Depreciation expense (d)	$6,094	$5,443	$3,239	$73	$14,849
Segment assets (e)	391,719	443,189	326,226	14,531	1,175,665
Capital expenditures (f)	5,920	22,068	3,834	28	31,850

(a)Includes acquisition costs, net indemnification asset reversals associated with uncertain tax positions, restructuring and impairment costs, and certain other income or expense.

(b)Primarily consists of general and administrative expenses.

(c)The Company does not allocate interest expense, net and other expense, net to its segments.

(d)Depreciation expense by reportable segment is included within cost of revenue and selling, general and administrative, and research and development expenses.

(e)Excludes intercompany receivables or payables and investment in subsidiary balances as the CODM uses total assets excluding these amounts as the measurement for the Company's segment assets. Corporate assets primarily consist of cash and cash equivalents, tax assets, ROU assets, and property, plant, and equipment, net.

(f)Included within the Industrial Processing segment are capital expenditures of $7,424,000 in 2023 related to the construction of a new manufacturing facility in China.

Table of Contents
Kadant Inc.	2025 Financial Statements

The following tables present the Company’s revenue and long-lived assets by geographical area:

(In thousands)	January 3, 2026	December 28, 2024	December 30, 2023
Geographical Information
Revenue (a):
United States	$534,041	$521,528	$448,600
Canada	104,169	114,257	73,183
China	62,604	75,896	81,458
Germany	44,246	43,858	43,036
Other	307,188	297,845	311,395
	$1,052,248	$1,053,384	$957,672
Long-lived Assets (b):
United States	$91,655	$82,048	$48,394
China	23,438	23,346	24,380
Germany	21,022	19,310	20,953
Finland	19,667	18,114	19,958
Canada	9,622	10,301	9,136
Other	31,252	17,212	17,683
	$196,656	$170,331	$140,504

(a)Revenue is attributed to countries based on customer location.

(b)Represents property, plant, and equipment, net.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.