Kadant Surges on Aftermarket Demand | Business and Finance News

Kadant just smashed Q2 earnings with $312.9M in revenue—way above forecasts—thanks to booming aftermarket services and recent acquisitions. Despite global headwinds, their loyal customer base kept cash flowing, prompting them to raise full-year revenue to $1.2B and bump EPS guidance. Analysts probed new equipment demand, which remains cautious but showing early signs of rebound; the aftermarket surge? Blame older machines lingering longer. Backlog’s growing, new acquisitions are integrating well, and Kadant’s next move hinges on turning big projects into cash, sustaining service momentum, and making those buys pay off. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7bd7c11ec5cf92e5