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Kadant KAI Industrial Processing — Research and development expenses

Other segment segments

Flow Control
$1.4M+3.3%
Material Handling
$577K+1.9%

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Other financials

Income statement

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Revenue$281.5M+17.7%
Gross profit$126.7M+14.8%
Operating income$40.1M+12.7%
Net income$25.5M+6.0%
EPS (diluted)$2.16+5.9%

Balance sheet

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Cash & equivalents$119.8M+27.7%
Total debt$368.6M+30.6%
Total equity$995.6M+13.7%
Total assets$1.7B+19.5%

Cash flow

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Operating cash flow$21.9M-4.0%
CapEx$3.3M-15.1%
Free cash flow$18.7M-1.8%

Valuation

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Market cap$3.95B+3.6%
Enterprise value$4.2B+5.8%
P/E38.2×+2.2×
P/S3.6×-0.1×

Profitability

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Gross margin45%+0.4pp
Operating margin14.8%-1.5pp
Net margin9.4%-1.2pp
FCF margin14.1%+1.0pp

Returns & leverage

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Return on equity11.1%-2.3pp
Debt / equity0.4×0.0×
Current ratio2.5×0.0×

Where this comes from

Reported directly by Kadant in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Kadant’s 10-Q, filed May 13, 2026.

Filed
May 13, 2026, 2:42 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0000886346-26-000040
(In thousands)Flow ControlIndustrial ProcessingMaterial HandlingTotal
Operating Expenses:
Selling expenses15,19013,8777,09236,159
General and administrative expenses10,00811,8264,76526,599
Research and development expenses1,3952,0845774,056
Intangible asset amortization expense1,2704,4272,6888,385
Other segment items(101)164(142)(79)
Segment Operating Income$24,204$19,913$7,466$51,583
Segment Operating Income Margin24.5%16.2%12.5%

Item 1. Financial Statements (unaudited)

FAQ

What is Kadant's industrial processing — research and development expenses?
Kadant (KAI) reported industrial processing — research and development expenses of $2.08M in Q1 2026.
How has Kadant's industrial processing — research and development expenses changed year-over-year?
Kadant's industrial processing — research and development expenses increased by 29.8% year-over-year, from $1.61M to $2.08M.
What is the long-term trend for Kadant's industrial processing — research and development expenses?
Over 3 years (2022 to 2025), Kadant's industrial processing — research and development expenses has grown at a 5.9% compound annual growth rate (CAGR), from $6.27M to $7.44M.
What does industrial processing — research and development expenses mean?
Reflects the investment made by the Industrial Processing segment into innovation, product design, and engineering improvements. This metric indicates the company's commitment to maintaining a competitive advantage through technological advancement in its industrial equipment offerings.

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