Kadant Inc. Q2 2025 Financial Results

Kadant Inc. reported its financial results for the second quarter of 2025, showing a 7% increase in bookings to $269 million but a 7% decrease in revenue to $255 million compared to the same period in 2024. The company's gross margin improved to 45.9%, up 150 basis points, while net income decreased by 16% to $26 million. Adjusted EPS declined by 18% to $2.31, and adjusted EBITDA fell by 15% to $52 million, representing 20.5% of revenue. Operating cash flow increased by 44% to $40 million, and free cash flow rose by 58% to $37 million. The company highlighted strong cash flow and solid capital equipment bookings, particularly in North America, and expects stronger bookings in the second half of 2025. Kadant maintained its full-year revenue guidance of $1.020 to $1.040 billion and adjusted EPS guidance of $9.05 to $9.25.