Kadant (KAI) gains after Q1 earnings as aftermarket revenue reaches record $209 million

Kadant (KAI) reported year-over-year growth in the first quarter of 2026, driven by record bookings and stronger aftermarket parts demand across North America and Asia, according to management comments from its earnings call. Aftermarket parts revenue reached a record $209 million, accounting for 74% of total revenue. CEO Jeffrey Powell said the quarter marked “a strong start to the year,” citing demand strength, recent acquisition integration and operating discipline. Kadant shares recently traded at $333.81, up from $288.86 before the earnings release. Investors are watching the pace of backlog conversion, delayed capital projects tied to geopolitical uncertainty, the integration of Kadant Profil and whether deferred maintenance continues to support aftermarket demand.