Kadant

Kadant shares fell about 1% in after-hours trading following the announcement of an orderly CEO succession plan. Michael Colwell will become president and COO on October 1, 2026, and will assume the offices of president, CEO and director on January 2, 2027. Incumbent Jeffrey Powell will remain CEO until January 2, 2027, when he will move into the role of executive chairman; a later transition to a non‑executive chairman role is planned. Jonathan Painter will step down as board chairman on January 2, 2027. Colwell has been senior vice president since December 2024 and most recently led the Industrial Processing segment; previously he held leadership positions within Kadant and was CEO of Carmanah Design and Manufacturing. » Plus sur de.investing.com

The supervisory board of Kadant has declared a quarterly cash dividend of $0.36 per share. Payment will be made on November 12, 2026, to shareholders of record on October 15, 2026. Future dividend declarations will again require supervisory board approval and may be adjusted to business needs or market conditions. » Plus sur de.investing.com

Kadant’s board approved a share buyback program of up to $50 million, valid through May 21, 2027. Repurchases may be made publicly or privately, including under trading plans pursuant to Rule 10b‑5‑1; timing and size are at management’s discretion and depend on market conditions and restrictions in credit agreements. the previous $50 million authorization expired on May 15, 2026, without any shares having been repurchased. the stock trades at a P/E of 35.14 with a market capitalization of $3.63 billion; an InvestingPro valuation points to overvaluation, while Kadant has increased its dividend for 13 consecutive years. » Plus sur de.investing.com

Kadant reported a record order intake of $320.8m for Q1 2026 and beat expectations with adjusted EPS of $2.84 (+13.6% year‑on‑year) and revenue of $281.5m. Adjusted EBITDA rose 18.6% to $56.8m with a margin of 20.2%, driven by strong demand for spare parts, which accounted for 74% of revenue. The 2026 revenue outlook was raised, while adjusted EPS was slightly lowered due to higher integration costs from acquisitions. Balance‑sheet metrics remain solid (cash $119.8m, net debt $243.5m), but investors expressed valuation concerns. » Plus sur de.investing.com

Kadant raises its quarterly cash dividend to $0.36 per share, extending a 13‑year streak of dividend increases. The payment will be made on May 13, 2026 to shareholders of record at the close of business on April 15, 2026. The company notes that future dividend decisions are subject to board approval; the stock trades at a price-to-earnings (P/E) ratio of 38.11 and has a market capitalization of $3.93 billion. » Plus sur de.investing.com