KADANT INC
For the period ended Apr 4, 2026. Filed May 13, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Apr 4, 2026 · Filed May 13, 2026
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(Note 4)
- Provision for Income Taxes
The provision for income taxes was $10,142,000 in the first quarter of 2026 and $7,828,000 in the first quarter of 2025.
The effective tax rate of 28.2% in the first quarter of 2026 was higher than the Company’s statutory rate of 21% primarily due to the distribution of the Company’s worldwide earnings, nondeductible expenses, and state taxes.
The effective tax rate of 24.3% in the first quarter of 2025 was higher than the Company's statutory rate of 21% primarily due to nondeductible expenses, the distribution of the Company's worldwide earnings, and state taxes. These items were offset in part by net excess income tax benefits from stock-based compensation arrangements, the reversal of tax reserves associated with uncertain tax positions, and foreign tax credits.
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