---
schema_version: "secwatch.filing_event.v1"
accession: "0000886346-23-000149"
form_type: "8-K"
ticker: "KAI"
cik: "0000886346"
company_name: "KADANT INC"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T05:20:26.431523+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kadant Q3 revenue up 9% to $244M; adjusted EPS record $2.69; raises guidance

## Summary
- Revenue $244M (+9% YoY); GAAP EPS $2.63 (+12%); adjusted EPS $2.69 (+13%), a record.
- Adjusted EBITDA record $53M (21.6% of revenue); operating cash flow $47M (+89%); free cash flow $38M (+106%).
- Net income $31M (+12%); bookings $210M (-1%); backlog $324M.
- Company raises full-year 2023 revenue and earnings guidance.

## SEC filing metadata
- accession: 0000886346-23-000149
- form_type: 8-K
- ticker: KAI
- cik: 0000886346
- company_name: KADANT INC
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886346/000088634623000149/0000886346-23-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886346/000088634623000149/kai-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000886346-23-000149
- JSON: https://secwatch.observer/filing/0000886346-23-000149.json
- Plain text: https://secwatch.observer/filing/0000886346-23-000149.txt

## Key facts
- Earnings Releases
  KADANT INC reported the third quarter ended September 30, 2023 results: revenue $244 million, net income $31 million, EPS $2.63. Guidance raised.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $244 million
  - Net income: $31 million
  - EPS: $2.63
  - Guidance: raised
  - Result: reported results
  source text: 31, 2023 - Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended September 30, 2023. Third Quarter Financial Highlights • Revenue increased 9% to $244 million • Operating cash flow increased 89% to $47 million • Free cash flow increased 106% to $38 million • Net income increased 12% to $31 million • GAAP EPS increased 12% to $2.63 •
  evidence_url: https://www.sec.gov/Archives/edgar/data/886346/000088634623000149/0000886346-23-000149-index.htm

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