KADANT INC reported the first quarter ended April 4, 2026 results: revenue $282 million, net income $26 million, EPS $2.16.
“its financial results for the first quarter ended April 4, 2026. First Quarter Financial Highlights • Bookings increased 25% to a record $321 million • Revenue increased 18% to $282 million • Gross margin decreased 110 basis points to 45.0% • Net income increased 6% to $26 million • GAAP EPS increased 6% to $2.16 • Adjusted EPS increased 14% to $2.84 • Adjusted”
Material Agreements
KADANT INC entered into Share Purchase and Transfer Agreement with voestalpine High Performance Metals GmbH valued at approximately 157.0 million Euros in cash (effective 2026-01-29).
“On January 29, 2026, Kadant Holdings GmbH, a subsidiary of Kadant Inc., (together, "Kadant" or the "Company") entered into a Share Purchase and Transfer Agreement (the "Acquisition Agreement") with voestalpine High Performance Metals GmbH (the "Seller") for the purchase of the shares of voestalpine BÖHLER Profil GmbH & Co KG ("voestalpine BÖHLER Profil") and the shares of voestalpine BÖHLER Profil VerwaltungsGmbH for approximately 157.0 million Euros in cash, subject to certain customary adjustments (the "Acquisition").”
Debt Financings
KADANT INC amended revolving credit of from $400 million to $750 million with Citizens Bank, N.A. maturing September 26, 2030.
“(i) increase the amount of the revolving loan commitments from $400 million to $750 million, (ii) extend the maturity date of the unsecured credit facility to the date that is five years after the effective date of the Eighth Amendment, or September 26, 2030, (iii) remove the credit spread adjustments applicable to SOFR, SONIA and CORRA borrowings”
Shareholder Votes
KADANT INC shareholders approved Ratification of selection of KPMG LLP as independent registered accounting firm for 2024 fiscal year at the 2024-05-15 meeting.
“The stockholders ratified the selection of KPMG LLP as the Company’s independent registered accounting firm for the 2024 fiscal year. The stockholders cast 11,017,598 shares in favor and 105,272 shares against this proposal. In addition, 3,080 shares abstained, which had no effect on the outcome of the vote.”
Shareholder Votes
KADANT INC shareholders approved Approval of grant of restricted stock units to non-employee directors under the amended and restated 2006 equity incentive plan at the 2024-05-15 meeting.
“The stockholders approved a grant of such number of restricted stock units determined by dividing $170,000 by the grant date fair value per share of the Company's common stock based on the closing price on the day of grant, which was the date of the 2024 annual meeting, calculated in accordance with Accounting Standards Codification 718, Compensation-Stock Compensation, to the Company's non-employee directors under the Company's amended and restated 2006 equity incentive plan, as amended. The stockholders cast 10,718,075 shares in favor and 32,098 shares against this proposal. In addition, 8,791 shares abstained and 366,986 broker non-votes were recorded, which had no effect on the outcome of the vote.”
Shareholder Votes
KADANT INC shareholders approved Approval of an amendment to the Company's amended and restated 2006 equity incentive plan to extend the plan's term by 10 years at the 2024-05-15 meeting.
“The stockholders approved an amendment to the Company's amended and restated 2006 equity incentive plan, as amended, to extend the plan's term by 10 years from the date of the 2024 annual meeting. The stockholders cast 10,495,891 shares in favor and 256,976 shares against this proposal. In addition, 6,097 shares abstained and 366,986 broker non-votes were recorded, which had no effect on the outcome of the vote.”
Shareholder Votes
KADANT INC shareholders approved Non-binding advisory resolution on the executive compensation of the Company’s named executive officers at the 2024-05-15 meeting.
“The stockholders approved a non-binding advisory resolution on the executive compensation of the Company’s named executive officers. The stockholders cast 10,342,039 shares in favor and 410,410 shares against this proposal. In addition, 6,515 shares abstained and 366,986 broker non-votes were recorded, which had no effect on the outcome of the vote.”
Shareholder Votes
KADANT INC shareholders approved Election of Rebecca Martinez O'Mara to class of directors whose three-year term expires at the 2027 annual meeting at the 2024-05-15 meeting.
“The stockholders cast 9,183,104 shares in favor and 1,573,432 shares against Ms. O'Mara's election. In addition, 2,428 shares abstained and 366,986 broker non-votes were recorded, which had no effect on the outcome of the vote.”
Shareholder Votes
KADANT INC shareholders approved Election of Erin L. Russell to class of directors whose three-year term expires at the 2027 annual meeting at the 2024-05-15 meeting.
“The stockholders elected two nominees, Ms. Erin L. Russell and Ms. Rebecca Martinez O'Mara, to the class of directors whose three-year term expires at the Company's annual meeting of stockholders in 2027. The stockholders cast 8,745,438 shares in favor and 2,011,111 shares against Ms. Russell's election. In addition, 2,415 shares abstained and 366,986 broker non-votes were recorded, which had no effect on the outcome of the vote.”
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