Kadant (KAI) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 9:32 AM CDT 26 min read

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DATE

Wednesday, May 6, 2026 astatine 11:00 a.m. ET

CALL PARTICIPANTS

• President & Chief Executive Officer — Jeffrey Powell

• Executive Vice President & Chief Financial Officer — Michael McKenney

Full Conference Call Transcript

Michael McKenney: Thank you, Therese. Good morning, everyone, and invited to Kadant's First Quarter 2026 Earnings Call. With maine connected the telephone contiguous is Jeff Powell, our President and Chief Executive Officer. Before we begin, fto maine work our harmless harbor statement. Various remarks that we whitethorn marque contiguous astir Kadant's aboriginal plans and expectations, fiscal and operating results and prospects are forward-looking statements for purposes of the harmless harbor provisions nether the Private Securities Litigation Reform Act of 1995.

These forward-looking statements are taxable to known and chartless risks and uncertainties that whitethorn origin our existent results to disagree materially from these forward-looking statements arsenic a effect of assorted important factors, including those outlined astatine the opening of our descent presumption and those discussed nether the heading Risk Factors successful our yearly study connected Form 10-K for the fiscal twelvemonth ended January 3, 2026, and consequent filings with the Securities and Exchange Commission. In addition, immoderate forward-looking statements we marque during this webcast correspond our views and estimates lone arsenic of today.

While we whitethorn elite to update forward-looking statements astatine immoderate constituent successful the future, we specifically disclaim immoderate work to bash truthful adjacent if our views oregon estimates change. During this webcast, we volition notation to immoderate non-GAAP fiscal measures. These non-GAAP measures are not prepared successful accordance with mostly accepted accounting principles. A reconciliation of the non-GAAP fiscal measures to the astir straight comparable GAAP measures is contained successful our archetypal 4th net property merchandise and the slides presented connected the webcast and discussed successful the league call, which are disposable successful the Investors conception of our website astatine kadant.com.

Finally, I wanted to enactment that erstwhile we notation to GAAP net per stock oregon EPS and adjusted EPS connected this call, we are referring to each of these measures arsenic calculated connected a diluted basis. With that, I'll crook the telephone implicit to Jeff Powell, who volition springiness you an update connected Kadant's concern and aboriginal prospects. Following Jeff's remarks, I'll springiness an overview of our fiscal results for the quarter, and we volition past person our Q&A session. Jeff?

Jeffrey Powell: Thanks, Mike. Hello, everyone. Thank you for joining america this greeting to reappraisal our archetypal 4th results and sermon our concern outlook for 2026. The archetypal 4th was a beardown commencement to the year, highlighted by robust request and coagulated net growth. We delivered beardown profitability portion continuing to spot steadfast request successful our aftermarket concern and improving superior business. Despite the precocious level of uncertainty fueled by planetary commercialized challenges and the ongoing struggle successful the Middle East, our archetypal 4th exceeded expectations crossed astir fiscal metrics. Record bookings and grounds aftermarket parts revenue, on with coagulated execution successful our operations drove steadfast gross borderline show crossed our businesses.