Kadant Q3 net income rises 27% to $35.1 million; revenue climbs 15% to $313.2 million
KAI•Kadant reported third-quarter net income of $35.1 million, up 27% year over year, and revenue of $313.2 million, up 15%. It raised full-year 2026 GAAP earnings guidance to $9.88–$10.03 per share.
1. Quarterly results
Third-quarter 2026 diluted earnings rose 26% year over year to $2.96 per share, while revenue increased 15% to $313.16 million. Bookings rose 22% to $291.08 million and operating cash flow increased 33% to $62.9 million; gross margin declined to 44.7%. Kadant raised its full-year 2026 GAAP earnings guidance to $9.88–$10.03 per share.
