Kadant Inc. (KAI) Releases Q3 2026 Earnings: Revenue and Profitability Rise

Kadant Inc. ($KAI) delivered a strong third quarter in 2026, with revenue rising to $313.2 million, up 15.3% from a year ago. Profitability also improved across the board, reflecting healthy operating momentum and solid bottom-line growth.

Q3 2026 highlights:

• Gross profit increased to $140.1 million, up 14.2% year over year.
• Operating profit climbed to $53.6 million, an increase of 25.7%.
• Net income attributable to common shareholders rose to $35.1 million, up 26.5%.
• Diluted earnings per share came in at $2.96, up 26.0% from last year.

Cash generation was another bright spot, with cash from operating activities increasing 33.1% to $62.9 million. The company also ended the period with $137.6 million in cash and cash equivalents, while capital spending remained relatively modest at $4.8 million.

On the balance sheet, total liabilities increased to $855.5 million, reflecting a 49.9% rise from the prior year. Cost of sales also increased to $173.1 million, in line with the higher revenue base.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Investivoq.

Kadant Inc. Insider Trading Activity

Kadant Inc. insiders have traded $KAI stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $KAI stock by insiders over the last 6 months:

• THOMAS ANDREW BLANCHARD (Vice President) sold 1,400 shares for an estimated $450,850
• STACY D. KRAUSE (SVP, GC and Secretary) sold 1,227 shares for an estimated $410,026

To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

Kadant Inc. Hedge Fund Activity

We have seen 140 institutional investors add shares of Kadant Inc. stock to their portfolio, and 171 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• GOLDMAN SACHS GROUP INC added 213,234 shares (+204.3%) to their portfolio in Q2 2026, for an estimated $67,004,519
• MORGAN STANLEY added 185,611 shares (+113.8%) to their portfolio in Q2 2026, for an estimated $58,324,544
• SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 137,453 shares (+inf%) to their portfolio in Q2 2026, for an estimated $43,191,856
• CAPITAL WORLD INVESTORS removed 101,035 shares (-28.5%) from their portfolio in Q2 2026, for an estimated $31,748,228
• FMR LLC removed 94,050 shares (-97.5%) from their portfolio in Q3 2026, for an estimated $24,595,956
• KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC removed 86,351 shares (-7.4%) from their portfolio in Q2 2026, for an estimated $27,134,074
• NEUBERGER BERMAN GROUP LLC removed 81,054 shares (-21.9%) from their portfolio in Q2 2026, for an estimated $25,469,598

To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.