Kadant (KAI) reported second-quarter 2026 revenue of $312.9 million, up 23% from $255.3 million a year earlier, and net income attributable to Kadant of $32.5 million, up 24% from $26.2 million.
The company said GAAP diluted EPS was $2.75, compared with $2.22 in the prior-year quarter. Kadant revised its 2026 revenue outlook to $1.190 billion to $1.210 billion and its GAAP EPS outlook to $9.78 to $10.03.
- Bookings increased 16% to $312.1 million.
- Gross margin was 43.8%, down 210 basis points from 45.9%.
- Adjusted EBITDA was $68.1 million, representing 21.8% of revenue.
- Operating cash flow increased 32% to $53.5 million.
- Backlog was $340 million.
- For the third quarter of 2026, Kadant expects revenue of $297 million to $307 million and GAAP EPS of $2.28 to $2.38.
$KAI Insider Trading Activity
$KAI 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 Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$KAI Hedge Fund Activity
We have seen 138 institutional investors add shares of $KAI stock to their portfolio, and 132 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WASATCH ADVISORS LP removed 169,852 shares (-16.4%) from their portfolio in Q2 2026, for an estimated $53,372,593
- CAPITAL WORLD INVESTORS removed 139,923 shares (-28.3%) from their portfolio in Q1 2026, for an estimated $40,906,489
- NOMURA ASSET MANAGEMENT INTERNATIONAL INC. removed 91,473 shares (-33.4%) from their portfolio in Q1 2026, for an estimated $26,742,131
- GRANDEUR PEAK GLOBAL ADVISORS, LLC added 85,998 shares (+311.5%) to their portfolio in Q1 2026, for an estimated $25,141,515
- CITADEL ADVISORS LLC added 66,452 shares (+1098.0%) to their portfolio in Q1 2026, for an estimated $19,427,242
- CONESTOGA CAPITAL ADVISORS, LLC removed 59,684 shares (-28.4%) from their portfolio in Q2 2026, for an estimated $18,754,503
- RIVERBRIDGE PARTNERS LLC removed 57,657 shares (-22.9%) from their portfolio in Q2 2026, for an estimated $18,117,559
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
