Exhibit 99.1 KADANT INC. One Technology Park Drive Westford, MA 01886 USA Tel: +1 978-776-2000 PRESS RELEASE www.kadant.com Kadant Reports First Quarter 2024 Results WESTFORD, Mass., April 30, 2024 - Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended March 30, 2024. First Quarter Financial Highlights • Revenue increased 8% to a record $249 million • Gross margin was 44.6% • Adjusted gross margin was 45.5% excluding acquisition-related costs • Operating cash flow decreased 38% ...

WESTFORD, Mass., April 30, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) reported its financial results for the first quarter ended March 30, 2024. First Quarter Financial Highlights Revenue increased 8% to a record $249 millionGross margin was 44.6%Adjusted gross margin was 45.5% excluding acquisition-related costsOperating cash flow decreased 38% to $23 millionNet income decreased 12% to $25 millionGAAP EPS decreased 13% to $2.10Adjusted EPS decreased 1% to $2.38Adjusted EBITDA increased 8% to $52 milli ...

WESTFORD, Mass., April 25, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2024 first quarter results after the market closes on Tuesday, April 30, 2024 and will hold a webcast the next day, Wednesday, May 1, 2024 at 11:00 a.m. eastern time. During the call the Company will discuss its first quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the “Investors” section of the Company’s website at www.kadant.com. Participan ...

WESTFORD, Mass., April 25, 2024 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2024 first quarter results after the market closes on Tuesday, April 30, 2024 and will hold a webcast the next day, Wednesday, May 1, 2024 at 11:00 a.m. eastern time. During the call the Company will discuss its first quarter financial performance and future expectations. To listen to the live call and view the webcast, go to the “Investors” section of the Company’s website at www.kadant.com. Participan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________ FORM 10-K (mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission file number 001-11406 KADANT INC. (Exact name of Registrant as specified in its charter) (State or other ...

Yes. Well, just interest expense, purely interest expense. Gary Prestopino Gary Prestopino Thank you. One moment for our next question. And our next question will come from the line of Kurt Yinger from D.A. Davidson. Your line is open. Yes. You are right on your first assumption, Kurt. It really is predicated on us seeing strengthening in the capital bookings as we go forward. It's interesting. When you think of our parts, of course, it's through the -- all of our businesses have it. But in particular, we'r ...

For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission file number 001-11406 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 KADANT INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

Kadant Inc. (NYSE:KAI) Q3 2023 Earnings Call Transcript November 1, 2023 11:00 AM ET Company Participants Gary Prestopino - Barrington Research Associates, Inc. Lawrence De Maria - William Blair Aditya Madan - D.A. Davidson & Co. John Franzreb - Sidoti Michael McKenney - Executive Vice President and Chief Financial Officer Jeffrey Powell - President and Chief Executive Officer Conference Call Participants In the third quarter of 2022, our GAAP EPS was $2.35, and after adding back $0.02 of acquisition costs ...

Bookings in our Material Handling segment were down 19% compared to the same period last year, largely due to reduced capital project activity in our billing product line. The record-setting revenue volume combined with solid execution by our businesses in this segment helped boost adjusted EBITDA margin to a record 22.9% in the quarter. We are encouraged by the number of infrastructure projects already underway and the additional projects being planned since the passage of the infrastructure bill in the U. ...

I would now like to hand the conference over to your speaker today, Michael McKenney, Executive Vice President and Chief Financial Officer. Please go ahead. With that, I'll turn the call over to Jeff Powell, who will give you an update on Kadant's business and future prospects. Following Jeff's remarks, I'll give an overview of our financial results for the quarter, and we will then have a Q&A session. Jeff? Turning now to our Industrial Processing segment. We experienced softer yet still good demand for bo ...