Kadant Inc (KAI) Financial Statements (2025 and earlier)

Company Profile

Business Address ONE TECHNOLOGY PARK DRIVE
WESTFORD, MA 01886
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 355 - Special Industry Machinery, Except Metalworking (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments103,83276,37191,18665,68266,78645,830
Cash and cash equivalent103,83276,37191,18665,68266,78645,830
Receivables133,929130,297117,20991,54095,740108,365
Inventory, net of allowances, customer advances and progress billings152,677163,672134,356106,814102,71586,373
Inventory152,677163,672134,356106,814102,71586,373
Other current assets38,75726,81829,53017,25017,68611,906
Other undisclosed current assets10,98718,25211,6018,53414,649287
Total current assets:440,182415,410383,882289,820297,576252,761
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,7491,9071,5871,599 
Operating lease, right-of-use asset25,12922,64227,33925,460 
Property, plant and equipment     86,03280,157
Intangible assets, net (including goodwill)551,370561,100596,230512,718509,928371,521
Goodwill392,084385,455396,887351,753336,032258,174
Intangible assets, net (excluding goodwill)159,286175,645199,343160,965173,896113,347
Other noncurrent assets43,60954,51644,11140,39145,85121,310
Other undisclosed noncurrent assets113,62694,30679,06357,583  
Total noncurrent assets:735,483734,471748,330637,751641,811472,988
TOTAL ASSETS:1,175,6651,149,8811,132,212927,571939,387725,749
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities83,95993,73296,45363,43277,82066,622
Employee-related liabilities37,20331,16831,96830,902
Accounts payable42,10458,06059,25032,26445,85235,720
Accrued liabilities41,85535,672    
Debt3,2093,8215,3561,4742,851 
Other liabilities52,40643,58148,53231,83630,20628,178
Other undisclosed current liabilities74,83572,32771,15637,94635,29234,189
Total current liabilities:214,409213,461221,497134,688146,169128,989
Noncurrent Liabilities
Long-term debt and lease obligation, including:107,666197,340264,158232,000298,174174,153
Finance lease, liability8069597487161,192
Other undisclosed long-term debt and lease obligation106,860196,381243,451209,086272,571174,153
Liabilities, other than long-term debt77,35083,50980,94163,97867,96525,074
Deferred income tax liabilities36,39838,74534,94421,66919,736
Other liabilities40,95244,76445,99742,30948,22925,074
Operating lease, liability   19,95922,19824,411
Other undisclosed noncurrent liabilities      22,962
Total noncurrent liabilities:185,016280,849345,099295,978366,139222,189
Total liabilities:399,425494,310566,596430,666512,308351,178
Equity
Equity, attributable to parent773,702653,849563,936495,359425,695372,968
Common stock146146146146146146
Treasury stock, value(71,453)(72,287)(73,596)(75,519)(78,778)(86,111)
Additional paid in capital124,940119,924115,888110,824106,698104,731
Accumulated other comprehensive loss(43,062)(54,578)(30,350)(19,492)(37,620)(39,376)
Retained earnings763,131660,644551,848479,400435,249393,578
Equity, attributable to noncontrolling interest2,5381,7221,6801,5461,3841,603
Total equity:776,240655,571565,616496,905427,079374,571
TOTAL LIABILITIES AND EQUITY:1,175,6651,149,8811,132,212927,571939,387725,749

Income Statement (P&L) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues957,672904,739786,579635,028704,644633,786
Cost of revenue(541,366)(515,184)(449,679)(357,722)(410,884)(357,222)
Cost of product and service sold(541,366)(515,184)(449,214)(357,722)(410,884)(355,505)
Gross profit:416,306389,555336,900277,306293,760276,564
Operating expenses(250,592)(218,273)(220,190)(196,182)(205,937)(187,966)
Other undisclosed operating income43     
Operating income:165,757171,282116,71081,12487,82388,598
Nonoperating income (expense)1,657832163(391)(6,146)(2,038)
Investment income, nonoperating1,758904267181213379
Loss, foreign currency transaction, before tax    (377)  
Other nonoperating expense (101)(72)(104)(195)(6,359)(2,417)
Interest and debt expense(8,398)(6,478)(4,821)(7,423)(12,755)(7,032)
Other undisclosed income from continuing operations before equity method investments, income taxes    377  
Income from continuing operations before equity method investments, income taxes:159,016165,636112,05273,68768,92279,528
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:159,016165,636112,05273,68768,92279,528
Income tax expense(42,210)(43,906)(27,171)(17,948)(16,358)(18,482)
Income from continuing operations:116,806121,73084,88155,73952,56461,046
Income before gain (loss) on sale of properties:84,88155,73952,56461,046
Net income:116,806121,73084,88155,73952,56461,046
Net loss attributable to noncontrolling interest(737)(802)(838)(543)(496)(633)
Net income available to common stockholders, diluted:116,069120,92884,04355,19652,06860,413

Comprehensive Income ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:116,806121,73084,88155,73952,56461,046
Other comprehensive income (loss)11,595(24,358)(10,980)18,2721,705(12,739)
Comprehensive income:128,40197,37273,90174,01154,26948,307
Comprehensive loss, net of tax, attributable to noncontrolling interest(816)(672)(716)(687)(445)(555)
Comprehensive income, net of tax, attributable to parent:127,58596,70073,18573,32453,82447,752

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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