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Mar 29
Kadant Q1 2025 Earnings Report
Reported financial results for the first quarter ended March 29, 2025
Key Takeaways
Kadant reported mixed results for the first quarter of 2025. While bookings increased and free cash flow saw strong growth, revenue, net income, and adjusted EBITDA all decreased compared to the prior year period, impacted by geopolitical and trade uncertainties as well as customer delays in large capital projects.
Bookings increased 3% to $256 million in Q1 2025 compared to Q1 2024.
Revenue decreased 4% to $239 million in Q1 2025 compared to Q1 2024.
Gross margin increased 150 basis points to 46.1% in Q1 2025.
Free cash flow increased 15% to $19 million in Q1 2025 compared to Q1 2024.
Kadant
Kadant
Kadant Revenue by Segment
Revenue by Segment
Flow Control Revenue
CapyFin.comIndustrial Processing Revenue
CapyFin.comMaterial Handling Revenue
CapyFin.com Forward Guidance
The company has revised its full-year 2025 guidance downwards due to geopolitical and trade policy uncertainty, including estimated incremental tariff costs and customer delays on large capital projects.
Challenges Ahead
- Estimated incremental tariff costs of $5 to $6 million in 2025.
- Estimated tariff costs of $0.32 to $0.39 per share in 2025.
- Economic uncertainty has caused some customers to delay large capital projects.
- Full-year 2025 revenue guidance revised down to $1.020 to $1.040 billion from $1.040 to $1.065 billion.
- Full-year 2025 GAAP EPS guidance revised down to $8.97 to $9.17 from $9.63 to $9.98.
Revenue & Expenses
Visualization of income flow from segment revenue to net income