KADANT INC
For the period ended Oct 3, 2026. Filed Nov 10, 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.
Oct 3, 2026 · Filed Nov 10, 2026
KAI$299.83-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheet as of October 3, 2026 and January 3, 2026
Condensed Consolidated Balance Sheet
| October 3,2026 | January 3,2026 | |
|---|---|---|
| (In thousands, except share and per share amounts) | ||
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $133,910 | $119,551 |
| Restricted cash | 4,697 | 3,130 |
| Accounts receivable, net of allowances of $5,064 and $5,149 | 179,217 | 158,567 |
| Inventories | 207,027 | 206,854 |
| Contract assets | 10,085 | 6,599 |
| Other current assets | 46,489 | 47,232 |
| Total Current Assets | 581,425 | 541,933 |
| Property, Plant, and Equipment, net of accumulated depreciation of $189,592 and $173,586 | 224,791 | 196,656 |
| Other Assets | 62,219 | 67,592 |
| Intangible Assets, Net (Notes 1 and 2) | 345,385 | 350,376 |
| Goodwill (Notes 1 and 2) | 658,096 | 555,621 |
| Total Assets | $1,871,916 | $1,712,178 |
| Liabilities and Stockholders' Equity | ||
| Current Liabilities: | ||
| Current maturities of long-term obligations (Note 5) | $3,067 | $3,129 |
| Accounts payable | 60,271 | 53,362 |
| Accrued payroll and employee benefits | 51,432 | 47,348 |
| Accrued warranty costs | 11,466 | 11,848 |
| Customer deposits | 48,909 | 56,867 |
| Advanced billings | 7,525 | 9,605 |
| Other current liabilities | 50,778 | 46,012 |
| Total Current Liabilities | 233,448 | 228,171 |
| Long-Term Obligations (Note 5) | 452,139 | 371,372 |
| Deferred Income Taxes | 66,804 | 62,479 |
| Other Long-Term Liabilities | 56,310 | 59,089 |
| Commitments and Contingencies (Note 10) | ||
| Stockholders' Equity: | ||
| Preferred stock, $.01 par value, 5,000,000 shares authorized; none issued | — | — |
| Common stock, $.01 par value, 150,000,000 shares authorized; 14,624,159 shares issued | 146 | 146 |
| Capital in excess of par value | 142,116 | 138,844 |
| Retained earnings | 1,025,936 | 945,641 |
| Treasury stock at cost, 2,814,402 and 2,835,165 shares | (68,964) | (69,473) |
| Accumulated other comprehensive items (Note 7) | (47,385) | (35,349) |
| Total Kadant Stockholders' Equity | 1,051,849 | 979,809 |
| Noncontrolling interests | 11,366 | 11,258 |
| Total Stockholders' Equity | 1,063,215 | 991,067 |
| Total Liabilities and Stockholders' Equity | $1,871,916 | $1,712,178 |
Condensed Consolidated Statement of Income
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| October 3,2026 | September 27,2025 | October 3,2026 | September 27,2025 | |
| (In thousands, except per share amounts) | ||||
| Revenue (Notes 1 and 9) | $313,160 | $271,567 | $907,540 | $766,044 |
| Costs and Operating Expenses: | ||||
| Cost of revenue | 173,071 | 148,906 | 503,743 | 416,011 |
| Selling, general, and administrative expenses | 82,705 | 75,839 | 246,884 | 221,001 |
| Research and development expenses | 3,831 | 3,919 | 12,371 | 11,166 |
| Other costs | — | 287 | — | 287 |
| 259,607 | 228,951 | 762,998 | 648,465 | |
| Operating Income | 53,553 | 42,616 | 144,542 | 117,579 |
| Interest Income | 548 | 373 | 1,394 | 1,329 |
| Interest Expense | (5,594) | (3,089) | (15,392) | (10,249) |
| Other Expense, Net | (23) | (19) | (68) | (52) |
| Income Before Provision for Income Taxes | 48,484 | 39,881 | 130,476 | 108,607 |
| Provision for Income Taxes (Note 4) | 12,799 | 11,766 | 36,123 | 29,416 |
| Net Income | 35,685 | 28,115 | 94,353 | 79,191 |
| Net Income Attributable to Noncontrolling Interests | (613) | (393) | (1,304) | (1,247) |
| Net Income Attributable to Kadant | $35,072 | $27,722 | $93,049 | $77,944 |
| Earnings per Share Attributable to Kadant (Note 3) | ||||
| Basic | $2.97 | $2.35 | $7.88 | $6.62 |
| Diluted | $2.96 | $2.35 | $7.87 | $6.61 |
| Weighted Average Shares (Note 3) | ||||
| Basic | 11,809 | 11,777 | 11,804 | 11,771 |
| Diluted | 11,829 | 11,802 | 11,817 | 11,790 |
Condensed Consolidated Statement of Comprehensive Income
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| October 3,2026 | September 27,2025 | October 3,2026 | September 27,2025 | |
| (In thousands) | ||||
| Net Income | $35,685 | $28,115 | $94,353 | $79,191 |
| Other Comprehensive Items: | ||||
| Foreign currency translation adjustment | (4,870) | (2,552) | (12,118) | 32,495 |
| Pension and other post-retirement liability adjustments, net (net of tax (benefit) provision of $(2), $1, $(6), and $4) | (6) | 2 | (14) | 13 |
| Other comprehensive items | (4,876) | (2,550) | (12,132) | 32,508 |
| Comprehensive Income | 30,809 | 25,565 | 82,221 | 111,699 |
| Comprehensive Income Attributable to Noncontrolling Interests | (571) | (387) | (1,208) | (1,484) |
| Comprehensive Income Attributable to Kadant | $30,238 | $25,178 | $81,013 | $110,215 |
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