Kadant raises 2026 revenue forecast after Q1 results beat

Kadant

05/05/2026 21:45

Overview

Industrial processing supplier's Q1 revenue rose 18%, beating analyst expectations

Adjusted EPS for Q1 rose 14% and beat analyst expectations

Company raised 2026 revenue guidance but lowered adjusted EPS outlook due to acquisition impact

Outlook

Kadant raises 2026 revenue guidance to $1.178-$1.203 bln from $1.160-$1.185 bln

Company lowers 2026 GAAP EPS forecast to $9.80-$10.15 from $10.27-$10.62

Kadant expects Q2 2026 revenue of $296-$306 mln and adjusted EPS of $2.88-$2.98

Result Drivers

AFTERMARKET PARTS DEMAND - Co said strong demand for aftermarket parts contributed to record bookings and revenue growth

ACQUISITIONS - Recent acquisitions contributed 14% to revenue growth and 11% to bookings growth

GROSS MARGIN PRESSURE - Gross margin declined 110 basis points, partly due to acquisition-related costs

Company press release: ID:nGNX2PH637

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$282 mln
$274.90 mln (4 Analysts)
Q1 Adjusted EPS
Beat
$2.84
$2.09 (4 Analysts)
Q1 EPS
$2.16
Q1 Net Income
$26 mln
Q1 Adjusted EBITDA
Beat
$57 mln
$49.86 mln (4 Analysts)
Q1 Gross Margin
45%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Kadant Inc is $303.00, about 5.8% above its May 4 closing price of $286.33

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 31 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)