Earnings release
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Exhibit 99.1 PRESS RELEASE KADANT INC. One Technology Park Drive Westford, MA 01886 USA Tel: +1 978-776-2000 www.kadant.com Kadant Reports Third Quarter 2026 Results WESTFORD, Mass., November 3, 2026 - Kadant Inc. (NYSE: KAI) reported its financial results for the third quarter ended October 3, 2026. Third Quarter Financial Highlights • Bookings increased 22% to $291 million • Revenue increased 15% to a record $313 million • Gross margin decreased 50 basis points to 44.7% • Net income increased 27% to $35 million • GAAP EPS increased 26% to $2.96 • Adjusted EPS increased 21% to a record $3.64 • Adjusted EBITDA increased 24% to a record $72 million and represented 22.9% of revenue • Operating cash flow increased 33% to a record $63 million Note: Percent changes above are based on comparison to the corresponding prior year quarter. All references to earnings per share (EPS) are to our EPS as calculated on a diluted basis. Adjusted EPS, adjusted EBITDA, adjusted EBITDA margin, free cash flow, and changes in organic revenue are non-GAAP financial measures that exclude certain items as detailed later in this press release under the heading “Use of Non-GAAP Financial Measures.” Management Commentary “We delivered an exceptional third quarter, achieving record results across multiple key financial metrics, including revenue, adjusted EPS, and cash flow, while generating strong bookings growth across all three operating segments,” said Jeffrey L. Powell, chief executive officer of Kadant. “The strength of our aftermarket business, combined with disciplined execution and operational excellence, positions us well for a strong finish to the year.” Third Quarter 2026 Compared to 2025 Revenue increased 15 percent to a record $313.2 million compared to $271.6 million in 2025. Organic revenue increased four percent, which excludes an increase of 11 percent from acquisitions. Gross margin decreased 50 basis points to 44.7 percent, compared to 45.2 percent in 2025. Net income was $35.1 million, increasing 27 percent compared to $27.7 million in 2025. GAAP EPS increased 26 percent to $2.96 compared to $2.35 in 2025 and adjusted EPS increased 21 percent to a record $3.64 compared to $3.01 in 2025. Adjusted EPS excludes intangible asset amortization expense of $0.56 and acquisition-related costs of $0.11 in 2026, and intangible asset amortization expense of $0.42, acquisition-related costs of $0.22, and other costs of $0.02 in 2025. Acquisition-related costs include acquisition costs and profit in inventory and backlog amortization expense. Adjusted EBITDA increased 24 percent to a record $71.7 million and represented 22.9 percent of revenue in 2026 compared to $58.0 million and 21.4 percent of revenue in 2025. Operating cash flow increased 33 percent to a record $62.9 million compared to $47.3 million in 2025. Free cash flow increased 32 percent to a record $58.1 million compared to $44.1 million in 2025. Bookings increased 22 percent to $291.1 million compared to $238.4 million in 2025. Organic bookings increased 10 percent, which excludes an increase of 12 percent from acquisitions. - more-
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Kadant Reports Third Quarter 2026 Results November 3, 2026 Page 2 Summary and Outlook “Looking ahead to the remainder of the year, we expect aftermarket demand to remain stable and project activity to show some improvement, although the timing of large capital orders continues to be influenced by economic and geopolitical uncertainty,” continued Mr. Powell. “Our strong year-to-date performance positions us to deliver a record-setting 2026. We expect revenue of $1.195 to $1.210 billion in 2026, revised from our previous guidance of $1.190 to $1.210 billion, and GAAP EPS of $9.88 to $10.03, revised from our previous guidance of $9.78 to $10.03. We are raising our adjusted EPS guidance and now expect $12.58 to $12.73 for 2026, revised from our prior guidance of $12.43 to $12.68. Our revised adjusted EPS guidance excludes $2.19 per share of intangible amortization expense and $0.51 per share of acquisition-related costs. For the fourth quarter of 2026, we expect revenue of $287 to $302 million, GAAP EPS of $2.01 to $2.16, and adjusted EPS of $2.67 to $2.82, which excludes $0.55 per share of intangible amortization expense and $0.11 per share of acquisition-related costs.” Conference Call Kadant will hold a webcast with a slide presentation for investors on Wednesday, November 4, 2026, at 11:00 a.m. Eastern Time to discuss its third quarter financial performance, as well as future expectations. To listen to the call live and view the webcast, go to the “Investors” section of the Company’s website at kadant.com. Participants interested in joining the call’s live question and answer session are required to register by visiting https://register-conf.media- server.com/register/BIca35ab29755e41a68058caaab78e1389 or selecting the Q&A link on our website to receive a dial-in number and unique PIN. It is recommended that you join the call 10 minutes prior to the start of the event. A replay of the webcast presentation will be available on our website through December 4, 2026. Prior to the call, our earnings release and the slides used in the webcast presentation will be filed with the Securities and Exchange Commission and will be available at sec.gov. After the webcast, Kadant will post its updated general investor presentation incorporating the third quarter results on its website at kadant.com under the “Investors” section. Use of Non-GAAP Financial Measures In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), we use certain non-GAAP financial measures, including increases or decreases in revenue excluding the effect of acquisitions and foreign currency translation (organic revenue), adjusted operating income, adjusted net income, adjusted EPS, earnings before interest, taxes, depreciation, and amortization (EBITDA), adjusted EBITDA, adjusted EBITDA margin, and free cash flow. We use organic revenue to understand our trends and to forecast and evaluate our financial performance and compare revenue to prior periods. Organic revenue excludes revenue from acquisitions for the four quarterly reporting periods following the date of the acquisition and the effect of foreign currency translation. Revenue in the third quarter of 2026 included $31.0 million from acquisitions and a favorable foreign currency translation effect of $0.6 million compared to the third quarter of 2025. Revenue in the first nine months of 2026 included $98.9 million from acquisitions and a favorable foreign currency translation effect of $14.5 million compared to the first nine months of 2025. Our other non-GAAP financial measures exclude amortization expense related to acquired intangible assets, profit in inventory, and backlog (collectively, purchase accounting expenses); acquisition costs; and other income or expense, as indicated. We exclude purchase accounting expenses and acquisition costs to provide a more meaningful and consistent comparison of our operating results over time and with peer companies. While we have a history of acquisition activity, such transactions do not occur on a predictable cycle, and the size and nature of these transactions will vary. We believe it is important for investors to understand that these intangible assets were recorded as part of purchase accounting and that they contribute to revenue generation. We also exclude other items as they are not indicative of our core operating results and are not comparable to other periods, which have differing levels of incremental costs, expenditures or income, or none at all. Additionally, we use free cash flow in order to provide insight on our ability to generate cash for acquisitions and debt repayments, as well as for other investing and financing activities. We believe these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business, operating results, or future outlook. We - more-
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Kadant Reports Third Quarter 2026 Results November 3, 2026 Page 3 believe that the inclusion of such measures helps investors gain an understanding of our underlying operating performance and future prospects, consistent with how management measures and forecasts our performance, especially when comparing such results to previous periods or forecasts and to the performance of our competitors. Such measures are also used by us in our financial and operating decision-making and for compensation purposes. We also believe this information is responsive to investors' requests and gives them additional measures of our performance. The non-GAAP financial measures included in this press release are not meant to be considered superior to or a substitute for the results of operations or cash flows prepared in accordance with GAAP. In addition, the non-GAAP financial measures included in this press release have limitations associated with their use as compared to the most directly comparable GAAP measures, in that they may be different from, and therefore not comparable to, similar measures used by other companies. Third Quarter Adjusted operating income, adjusted EBITDA, and adjusted EBITDA margin exclude: • Pre-tax intangible asset amortization expense of $8.8 million in 2026 and $6.5 million in 2025. • Pre-tax profit in inventory and backlog amortization expense of $1.3 million in 2026 and $0.6 million in 2025. • Pre-tax acquisition costs of $0.5 million in 2026 and $2.3 million in 2025. • Pre-tax indemnification asset reversal of $0.3 million in 2026. • Pre-tax impairment costs of $0.3 million in 2025. Adjusted net income and adjusted EPS exclude: • After-tax intangible asset amortization expense of $6.6 million ($8.8 million net of tax of $2.2 million) in 2026 and $4.9 million ($6.5 million net of tax of $1.6 million) in 2025. • After-tax profit in inventory and backlog amortization expense of $1.0 million ($1.3 million net of tax of $0.3 million) in 2026 and $0.5 million ($0.6 million net of tax of $0.1 million) in 2025. • After-tax acquisition costs of $0.4 million ($0.5 million net of tax of $0.1 million) in 2026 and $2.2 million ($2.3 million net of tax of $0.1 million) in 2025. • After-tax impairment costs of $0.2 million ($0.3 million net of tax of $0.1 million) in 2025. Free cash flow is calculated as operating cash flow less: • Capital expenditures of $4.8 million in 2026 and $3.2 million in 2025. First Nine Months Adjusted operating income, adjusted EBITDA, and adjusted EBITDA margin exclude: • Pre-tax intangible asset amortization expense of $25.9 million in 2026 and $19.2 million in 2025. • Pre-tax profit in inventory and backlog amortization expense of $3.9 million in 2026 and $1.2 million in 2025. • Pre-tax acquisition costs of $1.7 million in 2026 and $3.5 million in 2025. • Pre-tax indemnification asset reversal of $0.2 million in 2026. • Pre-tax impairment costs of $0.3 million in 2025. Adjusted net income and adjusted EPS exclude: • After-tax intangible asset amortization expense of $19.4 million ($25.9 million net of tax of $6.5 million) in 2026 and $14.4 million ($19.2 million net of tax of $4.8 million) in 2025. • After-tax profit in inventory and backlog amortization expense of $2.9 million ($3.9 million net of tax of $1.0 million) in 2026 and $0.9 million ($1.2 million net of tax of $0.3 million) in 2025. • After-tax acquisition costs of $1.7 million in 2026 and $3.4 million ($3.5 million net of tax of $0.1 million) in 2025. • After-tax impairment costs of $0.2 million ($0.3 million net of tax of $0.1 million) in 2025. Free cash flow is calculated as operating cash flow less: • Capital expenditures of $19.0 million in 2026 and $11.0 million in 2025. Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures are set forth in this press release. - more-
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Kadant Reports Third Quarter 2026 Results November 3, 2026 Page 4 Financial Highlights (unaudited) (In thousands, except per share amounts and percentages) Three Months Ended Nine Months Ended Consolidated Statement of Income October 3,2026 September 27,2025 October 3,2026 September 27,2025 Revenue $ 313,160 $ 271,567 $ 907,540 $ 766,044 Costs and Operating Expenses: Cost of revenue 173,071 148,906 503,743 416,011 Selling, general and administrative expenses 82,705 75,839 246,884 221,001 Research and development expenses 3,831 3,919 12,371 11,166 Other costs — 287 — 287 259,607 228,951 762,998 648,465 Operating Income 53,553 42,616 144,542 117,579 Interest Income 548 373 1,394 1,329 Interest Expense (5,594) (3,089) (15,392) (10,249) Other Expense, Net (23) (19) (68) (52) Income Before Provision for Income Taxes 48,484 39,881 130,476 108,607 Provision for Income Taxes 12,799 11,766 36,123 29,416 Net Income 35,685 28,115 94,353 79,191 Net Income Attributable to Noncontrolling Interests (613) (393) (1,304) (1,247) Net Income Attributable to Kadant $ 35,072 $ 27,722 $ 93,049 $ 77,944 Earnings per Share Attributable to Kadant: Basic $ 2.97 $ 2.35 $ 7.88 $ 6.62 Diluted $ 2.96 $ 2.35 $ 7.87 $ 6.61 Weighted Average Shares: Basic 11,809 11,777 11,804 11,771 Diluted 11,829 11,802 11,817 11,790 Three Months Ended Three Months Ended Adjusted Net Income and Adjusted Diluted EPS (a) October 3,2026 October 3,2026 September 27,2025 September 27,2025 Net Income and Diluted EPS Attributable to Kadant, as Reported $ 35,072 $ 2.96 $ 27,722 $ 2.35 Adjustments, Net of Tax: Intangible Asset Amortization 6,624 0.56 4,900 0.42 Profit in Inventory and Backlog Amortization 965 0.08 459 0.04 Acquisition Costs 413 0.03 2,172 0.18 Other Costs — — 216 0.02 Adjusted Net Income and Adjusted Diluted EPS (a,b) $ 43,074 $ 3.64 $ 35,469 $ 3.01 Nine Months Ended Nine Months Ended October 3,2026 October 3,2026 September 27,2025 September 27,2025 Net Income and Diluted EPS Attributable to Kadant, as Reported $ 93,049 $ 7.87 $ 77,944 $ 6.61 Adjustments, Net of Tax: Intangible Asset Amortization 19,392 1.64 14,420 1.22 Profit in Inventory and Backlog Amortization 2,930 0.25 925 0.08 Acquisition Costs 1,686 0.14 3,390 0.29 Other Costs — — 216 0.02 Adjusted Net Income and Adjusted Diluted EPS (a,b) $ 117,057 $ 9.91 $ 96,895 $ 8.22 -more-
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Kadant Reports Third Quarter 2026 Results November 3, 2026 Page 5 Three Months Ended Increase(Decrease)ExcludingAcquisitions andFX (a,c)Revenue by Segment October 3,2026 September 27,2025 Increase(Decrease) Flow Control $ 102,382 $ 94,839 $ 7,543 $ 6,805 Industrial Processing 143,402 106,393 37,009 6,334 Material Handling 67,376 70,335 (2,959) (3,090) $ 313,160 $ 271,567 $ 41,593 $ 10,049 Percentage of Parts and Consumables Revenue 70% 69% Nine Months Ended IncreaseExcludingAcquisitions andFX (a,c)October 3,2026 September 27,2025 Increase Flow Control $ 301,300 $ 283,227 $ 18,073 $ 10,146 Industrial Processing 410,240 291,854 118,386 15,278 Material Handling 196,000 190,963 5,037 2,705 $ 907,540 $ 766,044 $ 141,496 $ 28,129 Percentage of Parts and Consumables Revenue 71% 72% Three Months Ended IncreaseExcludingAcquisitions andFX (c)Bookings by Segment October 3,2026 September 27,2025 Increase Flow Control $ 100,855 $ 93,844 $ 7,011 $ 6,293 Industrial Processing 123,038 85,162 37,876 10,569 Material Handling 67,187 59,349 7,838 7,998 $ 291,080 $ 238,355 $ 52,725 $ 24,860 Percentage of Parts and Consumables Bookings 72% 74% Nine Months Ended IncreaseExcludingAcquisitions andFX (c)October 3,2026 September 27,2025 Increase Flow Control $ 315,229 $ 286,886 $ 28,343 $ 20,037 Industrial Processing 403,483 282,902 120,581 20,521 Material Handling 205,248 194,160 11,088 8,362 $ 923,960 $ 763,948 $ 160,012 $ 48,920 Percentage of Parts and Consumables Bookings 72% 71% Three Months Ended Nine Months Ended Additional Segment Information October 3,2026 September 27,2025 October 3,2026 September 27,2025 Gross Margin: Flow Control 53.0% 51.9% 52.7% 53.0% Industrial Processing 42.0% 43.6% 41.7% 43.4% Material Handling 37.9% 38.5% 37.7% 38.3% Consolidated 44.7% 45.2% 44.5% 45.7% -more-
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Kadant Reports Third Quarter 2026 Results November 3, 2026 Page 6 Three Months Ended Nine Months Ended Additional Segment Information (continued) October 3,2026 September 27,2025 October 3,2026 September 27,2025 Operating Income: Flow Control $ 28,275 $ 22,342 $ 77,243 $ 69,537 Industrial Processing 26,403 18,828 73,599 51,146 Material Handling 10,983 12,533 29,302 30,007 Corporate (12,108) (11,087) (35,602) (33,111) $ 53,553 $ 42,616 $ 144,542 $ 117,579 Adjusted Operating Income (a,b,d): Flow Control $ 29,538 $ 23,730 $ 81,044 $ 74,004 Industrial Processing 33,339 24,417 93,394 62,555 Material Handling 13,669 15,247 37,365 38,307 Corporate (12,108) (11,087) (35,602) (33,111) $ 64,438 $ 52,307 $ 176,201 $ 141,755 Capital Expenditures: Flow Control (i) $ 1,943 $ 1,213 $ 9,992 $ 4,102 Industrial Processing 1,542 783 4,771 3,703 Material Handling 1,275 1,198 3,993 3,190 Corporate 7 — 216 3 $ 4,767 $ 3,194 $ 18,972 $ 10,998 Three Months Ended Nine Months Ended Cash Flow and Other Data October 3,2026 September 27,2025 October 3,2026 September 27,2025 Operating Cash Flow $ 62,901 $ 47,252 $ 138,327 $ 110,569 Capital Expenditures (i) (4,767) (3,194) (18,972) (10,998) Free Cash Flow (a) $ 58,134 $ 44,058 $ 119,355 $ 99,571 Depreciation and Amortization Expense $ 16,110 $ 12,397 $ 46,301 $ 36,479 Balance Sheet Data October 3,2026 January 3,2026 Assets Cash, Cash Equivalents, and Restricted Cash $ 138,607 $ 122,681 Accounts Receivable, Net 179,217 158,567 Inventories 207,027 206,854 Contract Assets 10,085 6,599 Property, Plant, and Equipment, Net 224,791 196,656 Intangible Assets 345,385 350,376 Goodwill 658,096 555,621 Other Assets 108,708 114,824 $ 1,871,916$ 1,712,178 Liabilities and Stockholders' Equity Accounts Payable $ 60,271 $ 53,362 Debt Obligations 453,146 372,720 Other Borrowings 2,060 1,781 Other Liabilities 293,224 293,248 Total Liabilities 808,701 721,111 Stockholders' Equity 1,063,215 991,067 $ 1,871,916$ 1,712,178 -more-
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Kadant Reports Third Quarter 2026 Results November 3, 2026 Page 7 Three Months Ended Nine Months Ended Adjusted Operating Income and Adjusted EBITDAReconciliation (a) October 3,2026 September 27,2025 October 3,2026 September 27,2025 Consolidated Net Income Attributable to Kadant $ 35,072 $ 27,722 $ 93,049 $ 77,944 Net Income Attributable to Noncontrolling Interests 613 393 1,304 1,247 Provision for Income Taxes 12,799 11,766 36,123 29,416 Interest Expense, Net 5,046 2,716 13,998 8,920 Other Expense, Net 23 19 68 52 Operating Income 53,553 42,616 144,542 117,579 Intangible Asset Amortization Expense 8,843 6,521 25,854 19,174 Profit in Inventory Amortization Expense (e) 1,252 465 3,862 500 Backlog Amortization Expense (f) — 165 — 746 Acquisition Costs 453 2,253 1,731 3,498 Indemnification Asset Reversal (Provision) (g) 337 — 212 (29) Other Costs — 287 — 287 Adjusted Operating Income (a,b) 64,438 52,307 176,201 141,755 Depreciation Expense 7,267 5,711 20,447 16,559 Adjusted EBITDA (a) $ 71,705 $ 58,018 $ 196,648 $ 158,314 Adjusted EBITDA Margin (a,h) 22.9% 21.4% 21.7% 20.7% Flow Control Operating Income $ 28,275 $ 22,342 $ 77,243 $ 69,537 Intangible Asset Amortization Expense 1,263 1,239 3,801 3,679 Profit in Inventory Amortization Expense (e) — — — 35 Backlog Amortization Expense (f) — 147 — 610 Acquisition Costs — 2 — 41 Indemnification Asset Reversal (g) — — — 102 Adjusted Operating Income (a,b) 29,538 23,730 81,044 74,004 Depreciation Expense 1,864 1,935 5,564 5,588 Adjusted EBITDA (a) $ 31,402 $ 25,665 $ 86,608 $ 79,592 Adjusted EBITDA Margin (a,h) 30.7% 27.1% 28.7% 28.1% Industrial Processing Operating Income $ 26,403 $ 18,828 $ 73,599 $ 51,146 Intangible Asset Amortization Expense 4,894 2,600 13,990 7,414 Profit in Inventory Amortization Expense (e) 1,252 465 3,862 465 Acquisition Costs 453 2,237 1,731 3,449 Indemnification Asset Reversal (Provision) (g) 337 — 212 (206) Other Costs — 287 — 287 Adjusted Operating Income (a,b) 33,339 24,417 93,394 62,555 Depreciation Expense 4,160 2,621 11,169 7,436 Adjusted EBITDA (a) $ 37,499 $ 27,038 $ 104,563 $ 69,991 Adjusted EBITDA Margin (a,h) 26.1% 25.4% 25.5% 24.0% -more-
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Kadant Reports Third Quarter 2026 Results November 3, 2026 Page 8 Three Months Ended Nine Months Ended Adjusted Operating Income and Adjusted EBITDAReconciliation (continued) (a) October 3,2026 September 27,2025 October 3,2026 September 27,2025 Material Handling Operating Income $ 10,983 $ 12,533 $ 29,302 $ 30,007 Intangible Asset Amortization Expense 2,686 2,682 8,063 8,081 Backlog Amortization Expense (f) — 18 — 136 Acquisition Costs — 14 — 8 Indemnification Asset Reversal (g) — — — 75 Adjusted Operating Income (a,b) 13,669 15,247 37,365 38,307 Depreciation Expense 1,219 1,142 3,652 3,499 Adjusted EBITDA (a) $ 14,888 $ 16,389 $ 41,017 $ 41,806 Adjusted EBITDA Margin (a,h) 22.1% 23.3% 20.9% 21.9% Corporate Operating Loss $ (12,108)$ (11,087)$ (35,602)$ (33,111) Depreciation Expense 24 13 62 36 EBITDA (a) $ (12,084)$ (11,074)$ (35,540)$ (33,075) (a) Represents a non-GAAP financial measure. (b) Reflects new methodology, announced on February 19, 2026, to exclude intangible asset amortization expense. (c) Represents the increase (decrease) resulting from the exclusion of acquisitions and from the conversion of current period amounts reported in local currencies into U.S. dollars at the exchange rate of the prior period compared to the U.S. dollar amount reported in the prior period. (d) See reconciliation to the most directly comparable GAAP financial measure under “Adjusted Operating Income and Adjusted EBITDA Reconciliation.” (e) Represents amortization expense within cost of revenue associated with acquired profit in inventory. (f) Represents intangible amortization expense associated with acquired backlog. (g) Represents the reversal of or provision for indemnification assets related to the release of or establishment of tax reserves associated with uncertain tax positions. (h) Calculated as adjusted EBITDA divided by revenue in each period. (i) Includes $5.8 million paid in the nine months ended October 3, 2026 for the purchase of a previously leased manufacturing facility. About Kadant Kadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing . The Company’s products and services play an integral role in enhancing efficiency, optimizing energy utilization, and maximizing productivity in process industries. Kadant is based in Westford, Massachusetts, with approximately 4,000 employees in 22 countries worldwide. For more information, visit kadant.com. Safe Harbor Statement The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about our future financial and operating performance, demand for our products, and economic and industry outlook. These forward-looking statements represent our expectations as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results to differ materially from these forward-looking statements as a result of various important factors, including those set forth under the heading “Risk Factors” in Kadant’s Annual Report on Form 10-K ® -more-
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Kadant Reports Third Quarter 2026 Results November 3, 2026 Page 9 for the fiscal year ended January 3, 2026 and subsequent filings with the Securities and Exchange Commission. These include risks and uncertainties relating to adverse changes in global and local economic conditions; the variability and difficulty in accurately predicting revenues from large capital equipment and systems projects; our acquisition strategy; levels of residential construction activity; reductions by our wood processing customers of their capital spending or production of oriented strand board; changes to the global timber supply; development and use of digital media; cyclical economic conditions affecting the global mining industry; demand for coal, including economic and environmental risks associated with coal; failure of our information systems or breaches of data security and cybersecurity incidents; implementation of our internal growth strategy; competition; our ability to successfully manage our manufacturing operations; supply chain constraints, inflationary pressure, price increases or shortages in raw materials; loss of key personnel and effective succession planning; future restructurings; protection of intellectual property; changes to tax laws and regulations; climate change; adequacy of our insurance coverage; global operations; policies of the Chinese government; the variability and uncertainties in sales of capital equipment in China; currency fluctuations; changes to government regulations and policies around the world; compliance with government regulations and policies and compliance with laws; environmental laws and regulations; environmental, health and safety laws and regulations impacting the mining industry; our debt obligations; restrictions in our credit agreement and note purchase agreement; soundness of financial institutions; fluctuations in our share price; and anti-takeover provisions. Contacts Investor Contact Information: Michael McKenney, 978-776-2000 IR@kadant.com Media Contact Information: Wes Martz, 978-776-2000 media@kadant.com