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Kadant (KAI) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 6, 2025

Kadant (KAI) reported revenue of $255M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +7% from the quarter before. Operating margin was 15.4%, net earnings $26.2M (10.2% of revenue).

Revenue$255M
Year over year-7%
Quarter over quarter+7%
Operating margin15.4%
Net earnings$26.2M

Kadant, Q2 2025: revenue $255M (-7% year over year), operating margin 15.4%, net earnings $26.2M, operating cash flow $40.5M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$255M+7%-7%
Operating profit$39.4M+11%-19%
Net earnings$26.2M+9%-16%
Operating cash flow$40.5M+77%+44%
Free cash flow$36.5M—+58%

What changed

Revenue was $255.3M in Q2 2025, down 7% year over year and up 7% from the previous quarter. Parts and consumables was the largest line at 71% of revenue. Capital lost $28.5M year over year (down 28%), 146% of the total change.

Operating profit was $39.4M, a 15.4% margin (down 2.2 points year over year). Total costs fell 5% while revenue fell 7%. Net earnings were $26.2M, down 16% year over year. The effective tax rate was 26.9%.

Operating cash flow was $40.5M (up 44% year over year), 152% of net earnings. Non-cash charges added back $12.1M of depreciation and amortization and $3.1M of share-based compensation. After capital Expenditures ($4.0M), free cash flow as the company reports it was $36.5M.

Questions

What was Kadant's revenue in the second quarter 2025?

Kadant (KAI) reported revenue of $255M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +7% from the quarter before.

Was Kadant profitable in the second quarter 2025?

Operating profit was $39.4M (15.4% of revenue) and net earnings $26.2M.

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Source: Kadant 10-Q on SEC EDGAR.