Earnings per Share

6 Months Ended

Jun. 28, 2025

Basic and diluted earnings per share (EPS) were calculated as follows:


	Three Months Ended				Six Months Ended
(In thousands, except per share amounts)	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Net Income Attributable to Kadant	$	26,159	$	31,291	$	50,222	$	55,980

Basic Weighted Average Shares	11,776		11,743		11,768		11,734
Effect of Restricted Stock Units and Employee Stock Purchase Plan Shares	17		23		16		21
Diluted Weighted Average Shares	11,793		11,766		11,784		11,755

Basic Earnings per Share	$	2.22	$	2.66	$	4.27	$	4.77

Diluted Earnings per Share	$	2.22	$	2.66	$	4.26	$	4.76

The effect of outstanding and unvested restricted stock units (RSUs) of the Company’s common stock totaling 27,000 shares in the second quarter of 2025, 25,000 shares in the second quarter of 2024, 26,000 in the first six months of 2025 and 29,000 in the first six months of 2024 were not included in the computation of diluted EPS for the respective periods as the

effect would have been antidilutive or, for unvested performance-based RSUs, the performance conditions had not been met as of the end of the respective reporting periods.