Kadant Inc.
Income Statement
| Line Item | FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.05B | $1.05B | $957.7M | $904.7M | $635.0M | $704.6M | $633.8M | $515.0M |
| Cost of Revenue | $576.5M | $587.2M | $541.4M | $515.2M | $357.7M | $410.9M | $355.5M | $283.9M |
| Gross Profit | $475.7M | $466.1M | $416.3M | $389.6M | $277.3M | $293.8M | $278.3M | $231.1M |
| Gross Margin | 45.2% | 44.3% | 43.5% | 43.1% | 43.7% | 41.7% | 43.9% | 44.9% |
| Operating Expenses | ||||||||
| Research & Development | $15.3M | $14.3M | $13.6M | $12.7M | $11.3M | $10.9M | $10.6M | $9.6M |
| SG&A Expense | $301.9M | $279.9M | $236.3M | $224.4M | $181.9M | $192.5M | $177.4M | $159.8M |
| Operating Income | $157.3M | $171.3M | $165.8M | $171.3M | $81.1M | $87.8M | $88.6M | $61.6M |
| Operating Margin | 14.9% | 16.3% | 17.3% | 18.9% | 12.8% | 12.5% | 14.0% | 12.0% |
| Interest Expense | — | — | $8.4M | $6.5M | $7.4M | $12.8M | $7.0M | $3.5M |
| Pretax Income | $143.6M | $153.1M | $159.0M | $165.6M | $73.7M | $68.9M | $79.5M | $57.7M |
| Income Tax Expense | $39.9M | $40.5M | $42.2M | $43.9M | $17.9M | $16.4M | $18.5M | $26.1M |
| Net Income | $102.0M | $111.6M | $116.1M | $120.9M | $55.2M | $52.1M | $60.4M | $31.1M |
| Net Margin | 9.7% | 10.6% | 12.1% | 13.4% | 8.7% | 7.4% | 9.5% | 6.0% |
| EPS (Basic) | $8.66 | $9.51 | $9.92 | $10.38 | $4.81 | $4.63 | $5.45 | $2.83 |
| EPS (Diluted) | $8.65 | $9.48 | $9.90 | $10.35 | $4.77 | $4.54 | $5.30 | $2.75 |
| Shares Outstanding (Basic) | 11.8M | 11.7M | 11.7M | 11.7M | 11.5M | 11.2M | 11.1M | 11.0M |
| Shares Outstanding (Diluted) | 11.8M | 11.8M | 11.7M | 11.7M | 11.6M | 11.5M | 11.4M | 11.3M |
| Dividends Per Share | $1.36 | $1.28 | $1.16 | $1.04 | $0.96 | $0.92 | $0.88 | $0.84 |