Filing Flows › Kadant (KAI) › Q1 2026
Kadant (KAI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Kadant (KAI) reported revenue of $282M for the first quarter 2026 (Q1 2026), +18% from a year earlier and -2% from the quarter before. Operating margin was 14.2%, net earnings $25.5M (9.1% of revenue).
Kadant, Q1 2026: revenue $282M (+18% year over year), operating margin 14.2%, net earnings $25.5M, operating cash flow $21.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $282M | -2% | +18% |
| Operating profit | $40.1M | +1% | +13% |
| Net earnings | $25.5M | +6% | +6% |
| Operating cash flow | $21.9M | -64% | -4% |
| Free cash flow | $18.7M | — | -2% |
What changed
Revenue was $281.5M in Q1 2026, up 18% year over year and down 2% from the previous quarter. Parts and consumables was the largest line at 74% of revenue. Parts and consumables added $30.2M year over year (up 17%), 71% of the total change.
Operating profit was $40.1M, a 14.2% margin (down 0.6 points year over year). Of the extra revenue versus Q1 2025, 11% reached operating profit, below the 15% margin then. Total costs grew 19% against revenue growth of 18%. The fastest-growing cost line was Cost of revenue (+20%). Net earnings were $25.5M, up 6% year over year. The effective tax rate was 28.2%.
Operating cash flow was $21.9M (down 4% year over year), 85% of net earnings. Non-cash charges added back $14.6M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $21.5M. After capital Expenditures ($3.3M), free cash flow as the company reports it was $18.7M.
Questions
What was Kadant's revenue in the first quarter 2026?
Kadant (KAI) reported revenue of $282M for the first quarter 2026 (Q1 2026), +18% from a year earlier and -2% from the quarter before.
Was Kadant profitable in the first quarter 2026?
Operating profit was $40.1M (14.2% of revenue) and net earnings $25.5M.
Source: Kadant 10-Q on SEC EDGAR.