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STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWASHINGTON, D.C. 20549\n\nFORM 10-Q\n\n(Mark One)\n\n☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended April 4, 2026\n\nOR\n\n☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from ________ to _________\n\nCommission file number 001-11406\n\nKADANT INC.\n\n(Exact name of registrant as specified in its charter)\n\nDelaware52-1762325\n\n(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)\n\nOne Technology Park Drive\n\nWestford, Massachusetts 01886\n\n(Address of principal executive offices, including zip code)\n\n(978) 776-2000\n\n(Registrant's telephone number, including area code)\n\nSecurities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:\n\nTitle of each classTrading Symbol(s)Name of each exchange on which registered\n\nCommon Stock, $.01 par valueKAINew York Stock Exchange\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes ☒    No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of \"large accelerated filer\", \"accelerated filer\", \"smaller reporting company\", and \"emerging growth company\" in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer\n☒\nAccelerated filer☐\n\nNon-accelerated filer☐Smaller reporting company☐\n\nEmerging growth company☐\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐  No ☒\n\nAs of May 1, 2026, the registrant had 11,808,462 shares of common stock outstanding.\n\n[Table of Contents](#i383b093c6891462b9cbb2ddc536dc81a_7)\n\nKadant Inc.\n\nReport on Form 10-Q\n\nFor the Quarterly Period Ended April 4, 2026\n\nTable of Contents\n\n  Page\n\nPART I: Financial Information\n\n   \n\n[Item 1.](#i383b093c6891462b9cbb2ddc536dc81a_13)\n\n[Financial Statements (unaudited)](#i383b093c6891462b9cbb2ddc536dc81a_13)\n\n[Condensed Consolidated Balance Sheet as of April 4, 2026 and January 3, 2026](#i383b093c6891462b9cbb2ddc536dc81a_16)\n\n[3](#i383b093c6891462b9cbb2ddc536dc81a_16)\n\n[Condensed Consolidated Statement of Income for the three-month periods ended April 4, 2026 and March 29, 2025](#i383b093c6891462b9cbb2ddc536dc81a_22)\n\n[4](#i383b093c6891462b9cbb2ddc536dc81a_22)\n\n[Condensed Consolidated Statement of Comprehensive Income for the three-month periods ended April 4, 2026 and March 29, 2025](#i383b093c6891462b9cbb2ddc536dc81a_25)\n\n[5](#i383b093c6891462b9cbb2ddc536dc81a_25)\n\n[Condensed Consolidated Statement of Cash Flows for the three-month periods ended April 4, 2026 and March 29, 2025](#i383b093c6891462b9cbb2ddc536dc81a_31)\n\n[6](#i383b093c6891462b9cbb2ddc536dc81a_31)\n\n[Condensed Consolidated Statement of Stockholders' Equity for the three-month periods ended April 4, 2026 and March 29, 2025](#i383b093c6891462b9cbb2ddc536dc81a_34)\n\n[7](#i383b093c6891462b9cbb2ddc536dc81a_34)\n\n[Notes to Condensed Consolidated Financial Statements](#i383b093c6891462b9cbb2ddc536dc81a_43)\n\n[8](#i383b093c6891462b9cbb2ddc536dc81a_43)\n\n[Item 2.](#i383b093c6891462b9cbb2ddc536dc81a_94)\n\n[Management's Discussion and Analysis of Financial Condition and Results of Operations](#i383b093c6891462b9cbb2ddc536dc81a_94)\n\n[23](#i383b093c6891462b9cbb2ddc536dc81a_94)\n\n[Item 3.](#i383b093c6891462b9cbb2ddc536dc81a_112)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#i383b093c6891462b9cbb2ddc536dc81a_112)\n\n[30](#i383b093c6891462b9cbb2ddc536dc81a_112)\n\n[Item 4.](#i383b093c6891462b9cbb2ddc536dc81a_115)\n\n[Controls and Procedures](#i383b093c6891462b9cbb2ddc536dc81a_115)\n\n[30](#i383b093c6891462b9cbb2ddc536dc81a_115)\n\n \n\nPART II: Other Information\n\n   \n\n[Item 1A.](#i383b093c6891462b9cbb2ddc536dc81a_121)\n\n[Risk Factors](#i383b093c6891462b9cbb2ddc536dc81a_121)\n\n[31](#i383b093c6891462b9cbb2ddc536dc81a_121)\n\n[Item 5.](#i383b093c6891462b9cbb2ddc536dc81a_127)\n\n[Other Information](#i383b093c6891462b9cbb2ddc536dc81a_127)\n\n[32](#i383b093c6891462b9cbb2ddc536dc81a_127)\n\n[Item 6.](#i383b093c6891462b9cbb2ddc536dc81a_130)\n\n[Exhibits](#i383b093c6891462b9cbb2ddc536dc81a_130)\n\n[33](#i383b093c6891462b9cbb2ddc536dc81a_130)\n\n[Table of Contents](#i383b093c6891462b9cbb2ddc536dc81a_7)\n\nPART I – FINANCIAL INFORMATION"}