Kadant Inc (KAI) · Nov 3, 2026 · Earnings

Kadant earnings beat as bookings surge and adjusted EPS guidance rises

Beat — Adj. EPS $3.64 vs ~$3.00 consensus; revenue $313.2M vs ~$302.1M consensus

Kadant’s Q3 earnings beat consensus on revenue and adjusted EPS, while stronger bookings supported a higher 2026 adjusted EPS outlook.

Kadant is an industrial-process technology supplier built around a resilient aftermarket base, acquisitions, and a gradual recovery in capital-equipment demand. This quarter materially advances that story: the company delivered a broad operating beat and raised its full-year adjusted earnings outlook.

The quarter cleared the market’s bar by a wide margin. Adjusted EPS of $3.64 was well above the published consensus of roughly $3.00, while revenue of $313.2 million exceeded consensus near $302.1 million. The beat was not just accounting noise: bookings rose 22% year over year to $291.1 million, and all three segments posted booking growth. The company said, "We delivered an exceptional third quarter, achieving record results across multiple key financial metrics, including revenue, adjusted EPS, and cash flow, while generating strong bookings growth across all three operating segments."

Metric	Q3 2026	Q3 2025	Consensus / prior guide
Revenue (Financial Highlights)	$313.2M (+15.3%)	$271.6M	~$302.1M consensus
Adjusted diluted EPS (Adjusted Net Income and Adjusted Diluted EPS)	$3.64 (+20.9%)	$3.01	~$3.00 consensus
Bookings (Bookings by Segment)	$291.1M (+22.1%)	$238.4M
Adjusted EBITDA margin (Adjusted EBITDA Reconciliation)	22.9% (+150 bps)	21.4%
Operating cash flow (Cash Flow and Other Data)	$62.9M (+33.1%)	$47.3M
FY 2026 adjusted EPS guidance (Guidance)	$12.58–$12.73		$12.43–$12.68 prior guide

The growth is strongest where the business needs it most. Industrial Processing was the key engine, with revenue up 35% and bookings up 45%; importantly, management also reported organic bookings growth of 12%, showing the quarter was not solely acquisition-driven. Flow Control added steady organic growth and a major margin lift. The company stated that "Organic revenue increased four percent, which excludes an increase of 11 percent from acquisitions." 〔0〕

The guidance increase confirms the beat is being carried forward. Kadant raised the low end of full-year revenue guidance by $5 million, lifted the low end of GAAP EPS guidance by $0.10, and raised adjusted EPS guidance to $12.58–$12.73 from $12.43–$12.68. That is a modest upgrade rather than a wholesale reset, but it is more meaningful because it follows a quarter in which adjusted EPS exceeded the prior quarterly expectation. The company said, "We are raising our adjusted EPS guidance and now expect $12.58 to $12.73 for 2026, revised from our prior guidance of $12.43 to $12.68."

One segment keeps the result from being flawless. Material Handling revenue fell 4% and adjusted EBITDA declined 9%, with lower capital-equipment shipments weighing on results. Consolidated gross margin also slipped 50 basis points to 44.7%. But that weakness was outweighed by Industrial Processing, stronger bookings across every segment, and record cash generation: free cash flow rose 32% to $58.1 million. The balance sheet also carries more debt after acquisition activity, though reported leverage improved to 1.49 from 1.72 in the prior quarter.

Bottom line: This was a genuine earnings beat with better bookings, stronger cash conversion, and a higher adjusted EPS outlook. The event strengthens Kadant’s current execution story, even though capital-equipment timing and Material Handling remain uneven.

What to watch next

Q4 2026 earnings report, early February 2027

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

58% bullish

Bull 58%Neu 27%Bear 15%

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Kadant earnings beat as bookings surge and adjusted EPS guidance rises

What to watch next

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