← KADANT INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $75.4m | $45.8m | $66.8m | $65.7m | — | $76.4m | $103.8m | $94.7m | — | — | |
| Cash and cash equivalents | $75.4m | $45.8m | $66.8m | — | $65.7m | $91.2m | $103.8m | $94.7m | — | $119.6m | |
| Accounts receivable, net of allowances of $5,149 and $4,403 | $89.6m | $92.6m | $95.7m | — | $91.5m | $117.2m | $133.9m | $142.5m | — | $158.6m | |
| Other current assets | $12.2m | $11.9m | $17.7m | — | $17.2m | $29.5m | $38.8m | $39.4m | — | $47.2m | |
| Inventory, Net | $84.9m | $86.4m | $102.7m | $106.8m | $106.8m | $163.7m | $152.7m | $146.1m | — | $206.9m | |
| Assets, Current | $266.0m | $252.8m | $297.6m | $289.8m | — | $415.4m | $440.2m | $442.3m | — | — | |
| Total Current Assets | $266.0m | $252.8m | $297.6m | — | $289.8m | $383.9m | $440.2m | $442.3m | — | $541.9m | |
| Property, Plant and Equipment, Net | $79.7m | $80.2m | $86.0m | — | $84.6m | $108.0m | $140.5m | $170.3m | — | $196.7m | |
| Goodwill | $268.0m | $258.2m | $336.0m | $351.8m | — | $385.5m | $392.1m | $479.2m | — | — | |
| Intangible Assets, Net (Excluding Goodwill) | $133.0m | $113.3m | $173.9m | $161.0m | — | $175.6m | $159.3m | $279.5m | — | — | |
| Intangible Assets, Net (Notes 1 and 2) | $133.0m | $113.3m | $173.9m | — | $161.0m | $199.3m | $159.3m | $279.5m | — | $350.4m | |
| Goodwill (Notes 1 and 2) | $268.0m | $258.2m | $336.0m | — | $351.8m | $396.9m | $392.1m | $479.2m | — | $555.6m | |
| Operating Lease, Right-of-Use Asset | — | — | $27.1m | $25.5m | — | $22.6m | $25.1m | $36.5m | — | — | |
| Other Assets, Noncurrent | $14.3m | $21.3m | $45.9m | $40.4m | — | $54.5m | $43.6m | $59.0m | — | — | |
| Other Assets | $14.3m | $21.3m | $45.9m | — | $40.4m | $44.1m | $43.6m | $59.0m | — | $67.6m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $89.6m | $92.6m | $95.7m | $91.5m | — | $130.3m | $133.9m | $142.5m | — | — | |
| Restricted cash | $1.4m | $287k | $1.5m | — | $958k | $3.0m | $2.6m | $1.3m | — | $3.1m | |
| Contract assets | — | $15.7m | $13.2m | — | $7.6m | $8.6m | $8.4m | $18.4m | — | $6.6m | |
| Current maturities of long-term obligations (Note 6) | $696k | $1.7m | $2.9m | — | $1.5m | $5.4m | $3.2m | $3.4m | — | $3.1m | |
| Customer deposits | $30.1m | $27.0m | $24.0m | — | $29.4m | $59.3m | $62.6m | $35.9m | — | $56.9m | |
| Advanced billings | $7.3m | $5.5m | $11.3m | — | $8.5m | $11.9m | $12.2m | $7.6m | — | $9.6m | |
| Other current liabilities | $29.0m | $28.2m | $30.2m | — | $31.8m | $48.5m | $52.4m | $39.1m | — | $46.0m | |
| Long-Term Obligations (Note 6) | $241.4m | $174.2m | $298.2m | — | $232.0m | $264.2m | $107.7m | $285.2m | — | $371.4m | |
| Deferred Income Taxes (Note 5) | $29.1m | $23.0m | $19.7m | — | $21.7m | $34.9m | $36.4m | $41.9m | — | $62.5m | |
| Capital in excess of par value | $103.2m | $104.7m | $106.7m | — | $110.8m | $115.9m | $124.9m | $130.2m | — | $138.8m | |
| Total Kadant Stockholders' Equity | $331.0m | $373.0m | $425.7m | — | $495.4m | $563.9m | $773.7m | $847.1m | — | $979.8m | |
| Assets | $761.1m | $725.7m | $939.4m | $927.6m | — | $1.1b | $1.2b | $1.4b | — | — | |
| Total Assets | $761.1m | $725.7m | $939.4m | — | $927.6m | $1.1b | $1.2b | $1.4b | — | $1.7b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total Liabilities and Stockholders' Equity | $761.1m | $725.7m | $939.4m | — | $927.6m | $1.1b | $1.2b | $1.4b | — | $1.7b | |
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | $4.2m | $4.4m | — | $4.5m | $5.4m | $6.5m | — | — | |
| Accounts Payable, Current | $35.5m | $35.7m | $45.9m | $32.3m | $32.3m | $58.1m | $42.1m | $51.1m | — | $53.4m | |
| Operating Lease, Liability, Noncurrent | — | — | $24.4m | $22.2m | — | $17.8m | $19.4m | $27.8m | — | — | |
| Dividends Payable | $2 | $2 | $3 | $3 | — | $3 | $3 | $4 | — | — | |
| Long-term Debt, Current Maturities | — | — | — | — | — | — | — | — | — | — | |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | — | — | — | — | — | — | |
| Accrued payroll and employee benefits | $29.6m | $30.9m | $32.0m | — | $31.2m | $37.2m | $41.9m | $43.8m | — | $47.3m | |
| Accrued warranty and installation costs | — | — | — | — | — | — | $8.2m | $10.7m | — | $11.8m | |
| Liabilities, Current | $132.2m | $129.0m | $146.2m | $134.7m | — | $213.5m | $214.4m | $191.6m | — | — | |
| Total Current Liabilities | $132.2m | $129.0m | $146.2m | — | $134.7m | $221.5m | $214.4m | $191.6m | — | $228.2m | |
| Deferred Income Tax Liabilities, Net | $29.1m | $23.0m | $19.7m | $21.7m | — | $38.7m | $36.4m | $41.9m | — | — | |
| Other Liabilities, Noncurrent | $25.9m | $25.1m | $48.2m | $42.3m | — | $44.8m | $41.0m | $53.7m | — | — | |
| Other Long-Term Liabilities | $25.9m | $25.1m | $48.2m | — | $42.3m | $46.0m | $41.0m | $53.7m | — | $59.1m | |
| Deferred Tax Liabilities, Net | $24.1m | $18.0m | $16.0m | $17.7m | — | $35.9m | $33.7m | $39.1m | — | — | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | $0 | $0 | $0 | $0 | — | $0 | $0 | $0 | — | — | |
| Common Stock, Value, Issued | $146k | $146k | $146k | $146k | — | $146k | $146k | $146k | — | — | |
| Additional Paid in Capital | $103.2m | $104.7m | $106.7m | $110.8m | — | $119.9m | $124.9m | $130.2m | — | — | |
| Retained Earnings (Accumulated Deficit) | $342.9m | $393.6m | $435.2m | $479.4m | $479.4m | $660.6m | $763.1m | $859.7m | — | $945.6m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($26.7m) | ($39.4m) | ($37.6m) | ($19.5m) | — | ($54.6m) | ($43.1m) | ($72.4m) | — | — | |
| Preferred stock, $.01 par value, 5,000,000 shares authorized; none issued | $0 | $0 | $0 | — | $0 | $0 | $0 | $0 | — | $0 | |
| Common stock, $.01 par value, 150,000,000 shares authorized; 14,624,159 shares issued | $146k | $146k | $146k | — | $146k | $146k | $146k | $146k | — | $146k | |
| Treasury stock at cost, 2,835,165 and 2,878,080 shares | — | — | — | — | — | ($72.3m) | ($71.5m) | ($70.5m) | — | ($69.5m) | |
| Accumulated other comprehensive items (Note 13) | ($26.7m) | ($39.4m) | ($37.6m) | — | ($19.5m) | ($30.4m) | ($43.1m) | ($72.4m) | — | ($35.3m) | |
| Stockholders' Equity Attributable to Parent | $331.0m | $373.0m | $425.7m | $495.4m | — | $653.8m | $773.7m | $847.1m | — | — | |
| Stockholders' Equity Attributable to Noncontrolling Interest | $1.5m | $1.6m | $1.4m | $1.5m | — | $1.7m | $2.5m | $11.0m | — | — | |
| Noncontrolling interests | $1.5m | $1.6m | $1.4m | — | $1.5m | $1.7m | $2.5m | $11.0m | — | $11.3m | |
| Total Stockholders' Equity | $332.5m | $374.6m | $427.1m | — | $496.9m | $565.6m | $776.2m | $858.1m | — | $991.1m | |
| Liabilities and Equity | $761.1m | $725.7m | $939.4m | $927.6m | — | $1.1b | $1.2b | $1.4b | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.