Kadant Inc

In an early Stage 1 consolidation, EMAs have repaired and the Bullish Pivot Point confirms downside control has failed, signaling structural repair. Medium-term bias is bullish, but price is extended above rising EMAs and neutral in OB/OS context, so short-term timing is unfavorable. Execution will be deferred, stalking a pullback into the repaired EMA/cluster support zone for acceptance before participating in the advance.

• ↑Aftermarket parts revenue rose to $190M in Q1’25, accounting for 74% of total bookings.
• ↑Backlog climbed to $299M with ~60% tied to capital projects, securing future revenue visibility.
• ↓P/E ratio at 37x exceeds 29.6x industry median, suggesting stretched valuation.