KADANT (KAI) Company Report

Kadant has entered into an agreement to acquire voestalpine BÖHLER Profil for approximately EUR 157 million, subject to customary adjustments.
For its fiscal year ended March 31, 2025, voestalpine BÖHLER Profil reported EUR 51.5 million (or EUR 52 million) in revenue and EUR 15.6 million in adjusted EBITDA.
The acquired company specializes in manufacturing high-quality precision components, with 100% of its business in parts and consumables, and utilizes unique patented processes to produce near-net-shaped products.
The acquisition is expected to be dilutive in 2026 due to the elimination of intercompany revenue (Kadant businesses accounted for approximately 45% of BÖHLER Profil's 2025 revenue) and the need to work through existing inventory.
Kadant plans to fund the acquisition primarily through borrowings under its revolving credit facility in Europe, which is estimated to increase its leverage ratio to just above 2.

4 days ago

Transcript

Kadant Announces Acquisition of voestalpine BÖHLER Profil

KAI

M&A

New Projects/Investments

Kadant (KAI) has entered into an agreement to acquire voestalpine BÖHLER Profil for approximately EUR 157 million.
voestalpine BÖHLER Profil, an Austrian manufacturer of high-quality precision components, reported approximately EUR 52 million in revenue and EUR 15.6 million in adjusted EBITDA for fiscal year 2025.
The acquisition is valued at an EBITDA multiple of approximately 10x, or 8.5x after accounting for beneficial tax attributes.
The transaction is expected to be dilutive in 2026 due to intercompany revenue adjustments and the need to work through existing inventory.

4 days ago

Transcript

Kadant Announces Acquisition of voestalpine BÖHLER Profil

KAI

M&A

New Projects/Investments

Kadant (KAI) announced the acquisition of voestalpine BÖHLER Profil on February 3, 2026.
voestalpine BÖHLER Profil, a manufacturer of precision-rolled profiles and industrial blades, reported 51.5 million Euros in revenue for the fiscal year ended March 31, 2025.
The acquisition will be funded through borrowings and will integrate the acquired company into Kadant's Industrial Processing reporting segment, to be renamed Kadant Profil GmbH & Co KG.
Approximately 45% of voestalpine BÖHLER Profil's revenue for the fiscal year ended March 31, 2025, was from Kadant businesses.

4 days ago

Presentation

Kadant Inc. to acquire voestalpine BÖHLER Profil

KAI

M&A

New Projects/Investments

Kadant Inc. has entered into a definitive agreement to acquire voestalpine BÖHLER Profil GmbH & Co KG for approximately 157.0 million Euros in cash.
voestalpine BÖHLER Profil, a leader in tailor-made special profiles and high-performance industrial knives, reported revenue of 51.5 million Euros for the fiscal year ended March 31, 2025.
The acquisition is expected to close in the first quarter of 2026, subject to regulatory approvals, and will be financed primarily through borrowings under Kadant’s revolving credit facility.
Upon closing, the acquired company will be integrated into Kadant’s Industrial Processing reporting segment and renamed Kadant Profil GmbH & Co KG.

Jan 29, 2026, 1:24 PM

8-K

Kadant to Acquire voestalpine BÖHLER Profil

KAI

M&A

New Projects/Investments

Kadant Inc. (NYSE: KAI) has entered into a definitive agreement to acquire voestalpine BÖHLER Profil GmbH & Co KG.
The acquisition is expected to close in the first quarter of 2026, pending regulatory approvals, and will be financed primarily through borrowings under Kadant’s revolving credit facility.
voestalpine BÖHLER Profil, based in Austria with approximately 150 employees, generated revenue of 51.5 million Euros for the fiscal year ended March 31, 2025.
Upon closing, the acquired company will become part of Kadant’s Industrial Processing reporting segment and will be renamed Kadant Profil GmbH & Co KG.
Kadant's CEO stated that the acquisition will complement Kadant's offerings and strengthen its ability to serve customers in demanding industrial markets, building on a three-decade supply partnership.

Jan 29, 2026, 1:14 PM

Press Release

KAI Reports Q3 2025 Results, Updates Full-Year Guidance, and Details Recent Acquisitions

KAI

Earnings

Guidance Update

M&A

KAI reported Q3 2025 revenue of $271.6 million, which was flat compared to the prior year, primarily supported by a record $188.4 million in aftermarket parts revenue.
Adjusted EPS for Q3 2025 decreased 9% to $2.59, though it exceeded the high end of guidance. Gross margin improved to 45.2% , and the company generated strong operating cash flow of $47.3 million and free cash flow of $44.1 million.
Weakness in capital project orders persisted in Q3 2025, with some pending orders now expected in Q4 2025 or early 2026.
The company increased its full-year 2025 revenue guidance to $1,036 million to $1,046 million but maintained its adjusted EPS guidance at $9.05 to $9.25. KAI also completed the acquisition of Babini and acquired Clyde Industries, which were funded primarily through borrowings.

Oct 29, 2025, 3:00 PM

Transcript

Kadant Inc. Reports Q3 2025 Results and Updates Full-Year Guidance

KAI

Earnings

Guidance Update

M&A

Kadant Inc. reported Q3 2025 revenue of $271.6 million, which was flat compared to the prior year, benefiting from record aftermarket parts revenue of $188.4 million.
Adjusted EPS for Q3 2025 was $2.59, a 9% decrease from Q3 2024, but exceeded the high end of guidance by $0.36. Adjusted EBITDA was $58 million with a 21.4% margin.
The company increased its full-year 2025 revenue guidance range to $1,036 million to $1,046 million and maintained its adjusted EPS guidance at $9.05 to $9.25.
Kadant completed the acquisition of Babini for $16.5 million in Q3 2025 and acquired Clyde Industries for approximately $175 million after the quarter, with these acquisitions factored into the updated guidance.
Market demand for capital equipment remains sluggish, leading to lower capital bookings and extended quote-to-order times, particularly in the industrial processing and flow control segments.

Oct 29, 2025, 3:00 PM

Transcript

Kadant Reports Q3 2025 Results, Raises Full-Year Revenue Guidance, and Details Acquisitions

KAI

Earnings

Guidance Update

M&A

Kadant reported Q3 2025 revenue of $271.6 million and adjusted EPS of $2.59, exceeding the high end of its guidance by $0.36.
Revenue was flat year-over-year, driven by record aftermarket parts revenue of $188.4 million (up 6%), which comprised 69% of total Q3 revenue and offset sluggish capital equipment demand.
The company achieved an adjusted EBITDA of $58 million with a 21.4% margin and generated $47.3 million in operating cash flow. Gross margin improved to 45.2% in Q3 2025.
Kadant raised its full-year 2025 revenue guidance to $1,036 million - $1,046 million but maintained its adjusted EPS guidance at $9.05 - $9.25.
The company completed the acquisition of Babbini for $16.5 million in Q3 2025 and Clyde Industries for approximately $175 million after Q3, expecting these to contribute $23 million - $25 million to Q4 revenue but be $0.06 dilutive to Q4 adjusted EPS.

Oct 29, 2025, 3:00 PM

Transcript

Kadant Inc. Reports Q3 2025 Results and Updates Full-Year Guidance

KAI

Earnings

Guidance Update

Demand Weakening

Kadant Inc. reported Q3 2025 revenue of $272 million, flat compared to the prior year, with gross margin increasing 50 basis points to 45.2%.
For Q3 2025, net income decreased 12% to $28 million, GAAP EPS decreased 12% to $2.35, and Adjusted EPS decreased 9% to $2.59.
Adjusted EBITDA for Q3 2025 was $58 million, an 8% decrease from the prior year, and operating cash flow decreased 10% to $47 million.
Management noted persistent softness in demand for capital equipment but stated that businesses exceeded earnings expectations, driven by record revenue performance in the aftermarket parts business.
The company updated its FY 2025 revenue guidance to $1.036 to $1.046 billion (revised from $1.020 to $1.040 billion) and FY 2025 GAAP EPS guidance to $8.52 to $8.72 (revised from $8.89 to $9.09).

Oct 28, 2025, 9:08 PM

8-K

Kadant Reports Third Quarter 2025 Results and Updates Full-Year Guidance

KAI

Earnings

Guidance Update

Demand Weakening

Kadant Inc. reported third quarter 2025 revenue of $272 million, which was flat compared to the prior year period, and gross margin increased 50 basis points to 45.2%.
For Q3 2025, net income decreased 12% to $28 million, GAAP EPS decreased 12% to $2.35, and adjusted EPS decreased 9% to $2.59.
Management noted persistent softness in demand for capital equipment but highlighted record revenue performance in the aftermarket parts business and anticipates improving order activity in the fourth quarter.
The company revised its full-year 2025 revenue guidance to $1.036 to $1.046 billion and GAAP EPS guidance to $8.52 to $8.72, while maintaining its adjusted EPS guidance of $9.05 to $9.25.