Overview

• Kadant Q3 revenue stable at $272 mln, beating analyst expectations, per LSEG data

• Adjusted EPS for Q3 beats consensus as per LSEG data

• Adjusted EBITDA for Q3 also beats estimates

Outlook

• Kadant revises full-year 2025 revenue guidance to $1.036-$1.046 bln from $1.020-$1.040 bln

• Company maintains 2025 adjusted EPS guidance of $9.05-$9.25

• Kadant lowers 2025 GAAP EPS guidance to $8.52-$8.72 from $8.89-$9.09

• Company expects Q4 2025 revenue of $270-$280 mln

• Kadant sees Q4 2025 GAAP EPS of $1.91-$2.11

• Company anticipates Q4 2025 adjusted EPS of $2.05-$2.25

Result Drivers

• AFTERMARKET PARTS - Record revenue performance in aftermarket parts business contributed positively to results

• DEMAND SOFTNESS - Persistent softness in demand for capital equipment affected results, per CEO Jeffrey L. Powell

• GLOBAL TRADE UNCERTAINTIES - Global trade uncertainties impacted business environment, according to CEO Jeffrey L. Powell

Key Details

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 $340.00, about 12.2% above its October 28 closing price of $298.55

• The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 32 three months ago

Press Release: ID:nGNX67d0ms

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