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)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments94,66088,40773,80581,440103,83276,793
Cash and cash equivalent94,66088,40773,80581,440103,83276,793
Receivables142,462154,965149,689149,586133,929140,075
Inventory, net of allowances, customer advances and progress billings146,092169,252173,513171,958152,677164,346
Inventory146,092169,252173,513171,958152,677164,346
Other current assets39,41841,06541,80839,91438,75740,535
Other undisclosed current assets19,69415,86116,51711,85110,98714,373
Total current assets:442,326469,550455,332454,749440,182436,122
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1,983   1,749 
Operating lease, right-of-use asset 36,484   25,129 
Property, plant and equipment (145,901)(139,055)(135,032) (128,416)
Intangible assets, net (including goodwill)758,663785,316767,730733,748551,370545,351
Goodwill479,169493,105478,035459,917392,084384,317
Intangible assets, net (excluding goodwill)279,494292,211289,695273,831159,286161,034
Other noncurrent assets59,02559,91558,78850,09543,60943,893
Other undisclosed noncurrent assets131,864320,460313,237305,866113,626257,154
Total noncurrent assets:988,0191,019,7901,000,700954,677735,483717,982
TOTAL ASSETS:1,430,3451,489,3401,456,0321,409,4261,175,6651,154,104
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities94,87793,78692,66691,21583,95981,512
Accounts payable51,06250,53654,41555,58742,10444,286
Accrued liabilities43,81543,25038,25135,62841,85537,226
Debt3,3763,2633,2333,2433,2093,116
Other liabilities39,12052,42246,68151,33752,40651,348
Other undisclosed current liabilities54,19255,75659,39876,25674,83577,588
Total current liabilities:191,565205,227201,978222,051214,409213,564
Noncurrent Liabilities
Long-term debt and lease obligation, including:285,151323,169342,035306,773107,666126,123
Finance lease, liability 948   806 
Other undisclosed long-term debt and lease obligation284,203323,169342,035306,773106,860126,123
Liabilities, other than long-term debt95,50198,15893,63385,83477,35080,500
Deferred income tax liabilities41,85041,39741,25040,97236,39837,805
Other liabilities53,65156,76152,38344,86240,95242,695
Total noncurrent liabilities:380,652421,327435,668392,607185,016206,623
Total liabilities:572,217626,554637,646614,658399,425420,187
Equity
Equity, attributable to parent847,127851,733807,711782,687773,702731,652
Common stock146146146146146146
Treasury stock, value(70,524)(70,543)(70,563)(70,601)(71,453)(71,480)
Additional paid in capital130,180127,486124,892122,253124,940122,444
Accumulated other comprehensive loss(72,368)(44,778)(58,359)(53,173)(43,062)(58,591)
Retained earnings859,693839,422811,595784,062763,131739,133
Equity, attributable to noncontrolling interest11,00111,05310,67512,0812,5382,265
Total equity:858,128862,786818,386794,768776,240733,917
TOTAL LIABILITIES AND EQUITY:1,430,3451,489,3401,456,0321,409,4261,175,6651,154,104

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

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Revenues258,030271,614274,765248,975238,679244,182
Cost of revenue(146,170)(150,175)(152,878)(138,013)(136,086)(138,991)
Cost of product and service sold(146,170)(150,175)(152,878)(138,013) (138,456)
Gross profit:111,860121,439121,887110,962102,593105,191
Operating expenses(103,305)(72,452)(73,486)(74,035)(63,615)(61,647)
Other undisclosed operating income 28,382   43 
Operating income:36,93748,98748,40136,92739,02143,544
Nonoperating income577391366581666418
Investment income, nonoperating529407368611705438
Interest and debt expense(4,642)(5,516)(5,201)(4,669)(1,676)(2,107)
Income from continuing operations before equity method investments, income taxes:32,87243,86243,56632,83938,01141,855
Other undisclosed loss from continuing operations before income taxes (69)     
Income from continuing operations before income taxes:32,80343,86243,56632,83938,01141,855
Income tax expense(8,706)(11,964)(11,992)(7,854)(10,449)(10,816)
Net income:24,09731,89831,57424,98527,56231,039
Net loss attributable to noncontrolling interest(65)(312)(283)(296)(166)(175)
Net income available to common stockholders, diluted:24,03231,58631,29124,68927,39630,864

Comprehensive Income ($ in thousands)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Net income:24,09731,89831,57424,98527,56231,039
Other comprehensive income (loss)(27,707)13,647(5,200)(10,183)15,636(9,108)
Comprehensive income (loss):(3,610)45,54526,37414,80243,19821,931
Comprehensive income (loss), net of tax, attributable to noncontrolling interest52(378)(269)(224)(273)(111)
Comprehensive income (loss), net of tax, attributable to parent:(3,558)45,16726,10514,57842,92521,820

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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