---
schema_version: "secwatch.filing_event.v1"
accession: "0000886346-23-000016"
form_type: "8-K"
ticker: "KAI"
cik: "0000886346"
company_name: "KADANT INC"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T12:43:16.253121+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kadant reports record FY2022 revenue $905M, GAAP EPS $10.35 (+44%); Q4 EPS $2.23 (+8%)

## Summary
- Q4 revenue $232M (+6% YoY); GAAP diluted EPS $2.23 (+8%); adjusted diluted EPS $2.33 (+1%).
- FY2022 revenue $905M (+15%); net income $121M (+44%); adjusted diluted EPS $9.24 (+18%).
- Q4 bookings down 7% to $215M; FY bookings up 7% to $958M; ending backlog $345M.
- FY2022 operating cash flow $103M, down 37% YoY; Q4 operating cash flow $35M, down 42%.
- Adjusted EBITDA margin 20.9% for FY (record); Q4 margin 21.3%.

## SEC filing metadata
- accession: 0000886346-23-000016
- form_type: 8-K
- ticker: KAI
- cik: 0000886346
- company_name: KADANT INC
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886346/000088634623000016/0000886346-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886346/000088634623000016/kai-20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000886346-23-000016
- JSON: https://secwatch.observer/filing/0000886346-23-000016.json
- Plain text: https://secwatch.observer/filing/0000886346-23-000016.txt

## Key facts
- Earnings Releases
  KADANT INC reported the fiscal year ended December 31, 2022 results: revenue $905 million, net income $121 million, EPS $10.35.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $905 million
  - Net income: $121 million
  - EPS: $10.35
  - Result: reported results
  source text: Fiscal Year Financial Highlights • Revenue increased 15% to $905 million* • Bookings increased 7% to $958 million* • Net income increased 44% to $121 million* • GAAP diluted EPS increased 44% to $10.35* • Adjusted diluted EPS increased 18% to $9.24* • Adjusted EBITDA increased 19% to $189 million* and represented 20.9%* of revenue • Operating cash flow decreased 37% to $103 million • Ending backlog was $345 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/886346/000088634623000016/0000886346-23-000016-index.htm
- Earnings Releases
  KADANT INC reported the fourth quarter ended December 31, 2022 results: revenue $232 million, net income $26 million, EPS $2.23.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $232 million
  - Net income: $26 million
  - EPS: $2.23
  - Result: reported results
  source text: Kadant Reports Fourth Quarter and Fiscal Year 2022 Results WESTFORD, Mass., February 15, 2023 - Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter Financial Highlights • Revenue increased 6% to $232 million* • Bookings decreased 7% to $215 million • Net income increased 8% to $26 million • GAAP diluted EPS increased 8% to $2.23 • Adjusted diluted EPS increased 1% to $2.33 • Adjusted EBITDA increased 10% to $50 million* and represented 21.3%* of revenue • Operating cash flow decreased 42% to $35 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/886346/000088634623000016/0000886346-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.