Why Kadant (KAI) shares are trading lower today. Radek strnad /. September 11, 2026 What happened? Shares of industrial equipment manufacturer Kadant (NYSE:KAI) fell 4.4% in the afternoon session after the company announced an executive succession plan outlining the upcoming transition and retirement of President and Chief Executive Officer Jeffrey L. Powell. According to the regulatory filing and company announcement, Powell will remain President through September 30, 2026, and continue serving as Chief Executive Officer until January 2, 2027. Thereafter, he will take on the role of executive chairman of the board until his planned retirement on January 1, 2028. Alongside the succession announcement, Kadant declared a quarterly dividend while noting inherent risk factors associated with executive leadership transitions and broader economic conditions. Top-level leadership changes often create near-term uncertainty for investors regarding corporate strategy and long-term execution. After the initial drop, the shares shed some of the losses and rose to $276.51, down 3.4% from the previous close. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Kadant? Access our full analysis report here, it's free. What is the market telling us. Kadant's shares are somewhat volatile and have had 12 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 4 months ago when the stock gained 6.8% on the news that the company reported strong first-quarter 2026 results that beat Wall Street expectations, including record bookings and raised full-year revenue guidance. The industrial equipment manufacturer announced adjusted earnings per share of $2.84 on revenue of $281.5 million, significantly surpassing analyst forecasts. A key highlight was the record-breaking total bookings of $320.8 million, a 25.2% increase from the same period in the previous year, signaling strong future demand. This performance led Kadant to raise its full-year 2026 revenue forecast. Kadant is down 3.4% since the beginning of the year, and at $276.51 per share, it is trading 20.4% below its 52-week high of $347.31 from March 2026. Despite the year-to-date decline, investors who bought $1,000 worth of Kadant's shares 5 years ago would now be looking at an investment worth $1,275. WHILE YOU'RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You've probably never heard of it. This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.

Kadant CEO succession plan names Michael Colwell as next CEO. Kadant has approved a leadership transition that will make Michael C. Colwell president and CEO on January 2, 2027. Jeffrey L. Powell will move from CEO to executive chairman, while current board chairman Jonathan W. Painter will retire. The plan establishes a staged transition across Kadant's executive and board leadership. Key takeaways. * Michael C. Colwell will become Kadant's president and CEO on January 2, 2027. * Colwell will first become president and chief operating officer on October 1, 2026. * Jeffrey L. Powell will become executive chairman after leaving the CEO role. * Powell will continue supporting strategic planning, acquisitions and operational matters. * Jonathan W. Painter will leave the board and chairmanship on January 2, 2027. Kadant sets staged CEO succession timeline. Kadant's CEO succession plan will move Michael C. Colwell into the company's top executive position on January 2, 2027, following an initial appointment as president and chief operating officer on October 1, 2026. Jeffrey L. Powell will remain president through September 30 and CEO through January 2 before becoming executive chairman. The board approved the succession plan as a structured transition across Kadant's executive leadership. The sequence gives Colwell an initial period as president and chief operating officer before he assumes the president and CEO positions in January. Powell will continue serving as CEO during the first stage of the transition. His CEO tenure will end on January 2, 2027, when Colwell assumes the position. The plan also changes the company's board leadership. Jonathan W. Painter, Kadant's current chairman, will cease serving as a director and chairman on January 2, 2027. The leadership changes therefore involve three senior positions. Colwell will become president and COO in October before taking over as president and CEO. Powell will transition from CEO to executive chairman, while Painter will leave the board and chairmanship. For additional context on structured leadership transitions, planned CEO succession strategies provide a comparable example of a company using a defined timetable for a change at the top. Michael Colwell moves into president and COO role. Colwell will take responsibility as Kadant's president and chief operating officer on October 1, 2026, ahead of his appointment as president and CEO three months later. The staged appointment places Colwell in the president and COO role while Powell remains president and CEO. The arrangement establishes a period in which Colwell moves into broader executive responsibilities before formally becoming CEO. Colwell has held senior leadership positions at Kadant and is responsible for the company's Industrial Processing segment. His current position is senior vice president, a role he has held since December 2024. He previously served as a vice president from August 2022 to December 2024. His responsibilities have included Kadant's Industrial Processing segment and earlier oversight of businesses within that segment. Colwell also previously served as president of Kadant Carmanah Design, a division of Kadant Canada Corp. The executive's experience at the company extends to business leadership and acquisitions. Before joining Kadant Carmanah Design as president, Colwell served as president and chief executive officer of Carmanah Design and Manufacturing Inc. until Kadant acquired the business in November 2013. That background provides the basis for his appointment within the company's succession plan. The board cited Colwell's performance and vision in leading the Industrial Processing segment as factors in its decision. Jeffrey Powell transitions to executive chairman. Powell will become executive chairman after Colwell assumes the CEO position. He is expected to remain involved in strategic planning and acquisition activities as well as provide management with advice on operational matters. The executive chairman role will also include responsibility for corporate governance matters. Powell is expected to remain a director and chairman of the board in a non-executive capacity until January 1, 2028. The succession plan therefore retains Powell's involvement after his departure from the CEO role. His responsibilities will shift from day-to-day executive leadership toward strategic planning, acquisitions, operational consultation and corporate governance. Powell has served Kadant for more than 18 years, according to the company's announcement. During his tenure, he advocated diversification of Kadant's business portfolio and growth through acquisitions. The company's leadership plan specifically provides for Powell to remain involved for one year following the appointment of his successor as CEO. That arrangement establishes an extended period of participation after the formal transfer of the chief executive position. Powell said the plan provides continuity of leadership and maintains a strong team of leaders. He also said he has worked closely with Colwell for many years and supports the board's selection of him as the next CEO. A separate analysis of CEO succession planning practices addresses succession as a structured business process rather than a response to an unexpected leadership vacancy. Colwell brings Kadant operating and acquisition experience. Colwell's career at Kadant includes responsibility for several businesses and operating areas. Before his current role leading the Industrial Processing segment, he had supervisory responsibility for the company's wood processing business. That responsibility lasted from July 2019 to July 2022. The wood processing business is part of Kadant's Industrial Processing segment. Colwell also had responsibility for Kadant's fiber-based products business from July 2019 through November 2021. His previous leadership at Kadant Carmanah Design included responsibility for a business that designs and manufactures equipment for the oriented strand board industry. Kadant acquired Carmanah Design and Manufacturing in November 2013. Colwell had served as its president and chief executive officer from April 2010 until the acquisition. The board specifically cited Colwell's record of acquiring and integrating businesses that contributed to Kadant's growth. Jonathan W. Painter said Colwell is qualified to assume the CEO role and continue driving growth across the company. Colwell said he intends to build on the company's existing momentum while continuing to pursue growth and profitability. His comments place those objectives within the responsibilities of the incoming CEO role. The succession plan thus moves an executive with experience across Kadant's operating businesses into the chief executive position. His progression includes business-unit leadership, segment responsibility, senior vice president duties and the upcoming president and COO appointment. Board leadership changes complete the succession plan. The CEO transition is accompanied by a separate change at the board level. Painter will cease serving as a director and chairman on January 2, 2027, the same date Colwell becomes president and CEO. Painter said the board was impressed by Colwell's performance and vision in leading the Industrial Processing segment. He also cited Colwell's experience acquiring and integrating businesses as part of the board's assessment. Powell will take over the executive chairman position after leaving the CEO role. His responsibilities will include strategic planning, acquisition activities, operational consultation and corporate governance. The company expects Powell to remain a director and chairman of the board in a non-executive role until January 1, 2028. His planned retirement follows the additional year of involvement established under the succession plan. Painter also plans to retire from the board when Colwell becomes CEO. He said his departure follows a career at Kadant and service as chairman of the board for seven years. The resulting structure places Colwell in executive leadership, Powell in an executive chairman role and removes Painter from the board. The changes have defined dates extending from October 2026 through January 2028. Kadant's succession plan also establishes continuity between the outgoing and incoming chief executives. Powell will remain CEO while Colwell begins serving as president and COO, before the formal transfer of the CEO position in January. Frequently asked questions. Who is the next CEO of Kadant? Michael C. Colwell has been selected as Kadant's next president and CEO. He will assume both positions on January 2, 2027. When will Michael Colwell become Kadant CEO? Colwell will become president and CEO on January 2, 2027. He will first become president and chief operating officer on October 1, 2026. Who will succeed Jeffrey Powell as Kadant CEO? Michael C. Colwell will succeed Jeffrey L. Powell as Kadant's president and CEO. Powell will then become executive chairman. What role will Jeffrey Powell have after leaving the CEO position? Powell will serve as executive chairman after Colwell becomes CEO. His responsibilities will include strategic planning, acquisition activities, operational consultation and corporate governance. Who is retiring from Kadant's board? Jonathan W. Painter, Kadant's current chairman, will cease serving as a director and chairman on January 2, 2027. Spread the love

Kadant announces CEO succession plan. September 10, 2026 at 4:38 PM EDT WESTFORD, Mass., Sept. 10, 2026 (GLOBE NEWSWIRE) - Kadant Inc. (NYSE: KAI) today announced that Michael C. Colwell will be appointed president and chief operating officer effective October 1, 2026 and president, chief executive officer and a director effective January 2, 2027, as part of a succession plan adopted by the board of directors. As part of the succession plan, Jeffrey L. Powell will continue to serve as president through September 30, 2026, and chief executive officer through January 2, 2027, at which time he will become executive chairman of the board of directors. Jonathan W. Painter, the Company's current chairman of the board of directors, will cease to serve as a director and the chairman of the board of directors on January 2, 2027. Mr. Colwell has been a senior vice president since December 2024, was a vice president from August 2022 to December 2024, and is responsible for the Company's Industrial Processing segment. Prior to that, he had supervisory responsibility for the Company's wood processing business, which is part of the Industrial Processing segment, from July 2019 to July 2022, and had responsibility for the Company's fiber-based products business from July 2019 to November 2021. Mr. Colwell previously served as the president of Kadant Carmanah Design (Carmanah), a division of the Company's subsidiary Kadant Canada Corp., from 2013 to 2019. Carmanah, which is part of the Company's wood processing business, designs and manufactures equipment for the oriented strand board industry. Mr. Colwell previously served as the president and chief executive officer of Carmanah Design and Manufacturing Inc. from April 2010 until its acquisition by the Company in November 2013. The succession plan is designed to retain the services of Mr. Powell for one year following the appointment of his successor as CEO. In his new position as executive chairman, Mr. Powell will continue to participate in strategic planning and acquisition activities, consult with management on operational matters, and be responsible for corporate governance matters. Mr. Powell is expected to continue as a director and chairman of the board in a non-executive role after his retirement on January 1, 2028. "I am confident the succession plan announced today provides for continuity of leadership and maintains a strong team of leaders who can continue to build on Kadant's successes," said Mr. Powell. "Michael and I have worked closely together the last 13 years, and I believe the board has made an outstanding choice in selecting Michael as our next CEO. I look forward to continuing to work with Michael and the board to support our customers and employees and deliver value for our stockholders." Mr. Colwell commented, "I am honored to be appointed president and chief executive officer of Kadant at such an important time for our Company. Having had the opportunity to work side-by-side with Jeff over many years at Kadant, I have developed a deep appreciation for the unique and leading position Kadant has established around the world. I look forward to building on the momentum Jeff has created while continuing to drive growth and profitability throughout the business to deliver long-term value." Mr. Painter noted, "The board has been impressed not only by Michael's performance and vision leading the Industrial Processing segment, but also by his successful track record of acquiring and integrating new businesses that have contributed to Kadant's growth. Michael is well qualified to step into the role of CEO and to continue to drive growth across Kadant. "On behalf of the entire board, I thank Jeff for more than 18 years of service to Kadant and the significant contributions made during his tenure. Jeff has been a strong advocate of diversifying Kadant's business portfolio and growth through acquisitions, providing stability and positioning the Company for long-term growth. While I am thankful for my long career at Kadant and the opportunity to serve the Company as chairman of the board of directors for the last seven years, I look forward to my retirement from the board and Jeff's continued insights and leadership as executive chairman." Mr. Powell added, "Jon and I have known each other and worked together since the 1980s at Kadant's then parent company, Thermo Electron Corporation. Without his leadership over the years, we would not be the Company we are today. We wish him all the best in his well-deserved retirement." About Kadant Kadant Inc. is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing(R). 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 the Company's succession plan and future prospects. These forward-looking statements represent the Company's expectations as of the date of this press release. The Company undertakes 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 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 for the 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; its acquisition strategy; levels of residential construction activity; reductions by its 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 its information systems or breaches of data security and cybersecurity incidents; implementation of its internal growth strategy; competition; its ability to successfully manage its 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 its 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; its debt obligations; restrictions in its credit agreement and note purchase agreement; soundness of financial institutions; fluctuations in its share price; and anti-takeover provisions. Contacts Investor Contact Information: Michael McKenney, 978-776-2000 [email protected] Media Contact Information: Wes Martz, 978-776-2000 [email protected]