Financials Kadant Inc.

Equities

KAI

US48282T1043

Industrial Machinery & Equipment

Market Closed - Nyse Other stock markets 04:00:02 2025-07-11 pm EDT			5-day change	1st Jan Change
332.37 ^USD	-1.98%		+0.76%	-3.66%

May. 28	Kadant Receives $18 Million in Orders for Wood Processing Systems	MT
May. 28	Kadant Inc. Receives $18 Million in Orders for Wood Processing Systems	CI

Projected Income Statement: Kadant Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	635	786.6	904.7	957.7	1,053	1,025	1,070
Change	-	23.87%	15.02%	5.85%	9.99%	-2.71%	4.41%
EBITDA ¹	115.9	159.4	189.1	201.3	229.7	208.3	226
Change	-	37.52%	18.64%	6.45%	14.1%	-9.33%	8.51%
EBIT ¹	85.13	126.4	154.9	168	183.4	159.2	175.7
Change	-	48.52%	22.5%	8.48%	9.14%	-13.2%	10.38%
Interest Paid ¹	-7.423	-4.821	-6.478	-8.398	-20.03	-13.82	-9.631
Earnings before Tax (EBT) ¹	73.69	112.1	165.6	159	153.1	146.5	167.4
Change	-	52.06%	47.82%	-4%	-3.74%	-4.26%	14.23%
Net income ¹	55.2	84.04	120.9	116.1	111.6	107.6	122
Change	-	52.26%	43.89%	-4.02%	-3.85%	-3.6%	13.39%
Announcement Date	2/17/21	2/16/22	2/15/23	2/14/24	2/12/25	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	152.9	154.6	168.4	172.5	195.8	199.8	218.5	226.5	221.6	224.5	232.1	229.8	245.1	244.2	238.7	249	274.8	271.6	258	239.2	246	271	268.6	249	254.8	278.3	277.5
Change	-	1.14%	8.94%	2.39%	13.54%	2.03%	9.37%	3.64%	-2.13%	1.29%	3.38%	-1.01%	6.66%	-0.36%	-2.25%	4.31%	10.36%	-1.15%	-5%	-7.29%	2.83%	10.15%	-0.86%	-7.31%	2.35%	9.19%	-0.27%
EBITDA ¹	26.56	29.97	32.14	31.11	41.33	40.86	44.82	45.84	45.95	47.82	49.51	48.56	51.57	52.7	48.5	52.21	61.8	63.26	52.45	47.92	46.97	57.49	55.98	50.25	49.86	59.59	60.41
Change	-	12.84%	7.24%	-3.2%	32.84%	-1.14%	9.7%	2.28%	0.24%	4.07%	3.52%	-1.91%	6.19%	2.19%	-7.97%	7.66%	18.36%	2.37%	-17.09%	-8.64%	-1.98%	22.4%	-2.63%	-10.24%	-0.76%	19.51%	1.37%
EBIT ¹	19.01	22.21	24.24	23.49	33.64	32.27	35.75	37.1	37.47	39.37	40.96	40.11	43.33	44.46	40.12	41.27	50.5	51.17	40.44	36.28	34.8	44.98	43.48	38.01	37.47	46.94	47.79
Change	-	16.84%	9.13%	-3.12%	43.23%	-4.08%	10.79%	3.78%	0.99%	5.07%	4.04%	-2.06%	8.01%	2.62%	-9.77%	2.87%	22.36%	1.33%	-20.98%	-10.27%	-4.08%	29.24%	-3.32%	-12.59%	-1.41%	25.27%	1.8%
Charge d'intérêts ¹	-1.931	-1.67	-1.363	-1.111	-1.066	-1.32	-1.324	-1.234	-1.366	-1.721	-2.157	-2.37	-2.245	-2.107	-1.676	-4.669	-5.201	-5.516	-4.642	-3.822	-3.699	-3.291	-2.882	-2.625	-2.625	-2.625	-2.125
Earnings before Tax (EBT) ¹	16.2	19.68	20.59	22.36	31.98	27.44	30.28	54.82	36.36	37.42	37.04	38.02	41.13	41.86	38.01	32.84	43.57	43.86	32.8	32.26	31.91	42.37	40.09	34.69	34.68	43.56	45.19
Change	-	21.54%	4.6%	8.58%	43.02%	-14.19%	10.35%	81.05%	-33.67%	2.91%	-1.01%	2.65%	8.17%	1.77%	-9.18%	-13.61%	32.67%	0.68%	-25.21%	-1.64%	-1.11%	32.8%	-5.38%	-13.48%	-0.02%	25.61%	3.75%
Net income ¹	11.61	14.85	16.21	16.56	22.86	20.46	24.16	41.19	26.17	27.49	26.08	28.08	29.73	30.86	27.4	24.69	31.29	31.59	24.03	24.06	23.06	30.85	29.3	25.17	25.26	31.59	32.78
Change	-	27.95%	9.13%	2.18%	38.06%	-10.51%	18.06%	70.52%	-36.47%	5.03%	-5.12%	7.65%	5.91%	3.8%	-11.24%	-9.88%	26.74%	0.94%	-23.92%	0.13%	-4.18%	33.8%	-5.01%	-14.12%	0.36%	25.07%	3.78%
Announcement Date	7/28/20	10/27/20	2/17/21	5/4/21	8/3/21	11/2/21	2/16/22	5/3/22	8/2/22	11/1/22	2/15/23	5/2/23	8/1/23	10/31/23	2/14/24	4/30/24	7/30/24	10/29/24	2/12/25	4/29/25	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Kadant Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	168	175	121	2.63	191	54.7	-68.3
Change	-	4.17%	-30.86%	-97.83%	7,162.36%	-71.29%	-224.86%
Announcement Date	2/17/21	2/16/22	2/15/23	2/14/24	2/12/25	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Kadant Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	7.595	12.77	28.2	31.85	21	23	24
Change	-	68.15%	120.8%	12.95%	-34.05%	9.5%	4.35%
Free Cash Flow (FCF) ¹	85.29	149.6	74.43	133.7	134.3	153.7	128.2
Change	-	75.46%	-50.27%	79.63%	0.42%	14.45%	-16.59%
Announcement Date	2/17/21	2/16/22	2/15/23	2/14/24	2/12/25	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Kadant Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	18.25%	20.27%	20.9%	21.02%	21.81%	20.32%	21.12%
EBIT Margin (%)	-	13.41%	16.07%	17.12%	17.55%	17.41%	15.53%	16.42%
EBT Margin (%)	-	11.6%	14.25%	18.31%	16.6%	14.53%	14.3%	15.64%
Net margin (%)	-	8.69%	10.68%	13.37%	12.12%	10.59%	10.5%	11.4%
FCF margin (%)	-	13.43%	19.03%	8.23%	13.96%	12.75%	14.99%	11.98%
FCF / Net Income (%)	-	154.52%	178.06%	61.55%	115.19%	120.31%	142.82%	105.06%
Profitability
ROA	6.55%	5.65%	7.59%	8.32%	9.07%	8.63%	-	-
ROE	13.11%	12.06%	15.98%	19.94%	16.32%	13.77%	-	-
Financial Health
Leverage (Debt/EBITDA)	-	1.45x	1.1x	0.64x	0.01x	0.83x	0.26x	-
Debt / Free cash flow	-	1.97x	1.17x	1.63x	0.02x	1.42x	0.36x	-
Capital Intensity
CAPEX / Current Assets (%)	-	1.2%	1.62%	3.12%	3.33%	1.99%	2.24%	2.24%
CAPEX / EBITDA (%)	-	6.55%	8.01%	14.91%	15.82%	9.14%	11.04%	10.62%
CAPEX / FCF (%)	-	8.91%	8.53%	37.89%	23.82%	15.65%	14.97%	18.72%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	42.92	48.53	56.01	-	72.12	-	-
Change	-	-	13.07%	15.41%	-	-	-	-
EPS ¹	-	4.77	7.21	10.35	9.9	9.48	9.117	10.32
Change	-	-	51.15%	43.55%	-4.35%	-4.24%	-3.83%	13.2%
Nbr of stocks (in thousands)	-	11,510	11,604	11,664	11,707	11,745	11,776	11,776
Announcement Date	-	2/17/21	2/16/22	2/15/23	2/14/24	2/12/25	-	-