Kadant (NYSE:KAI – Get Free Report) issued an update on its third quarter 2026 earnings guidance on Tuesday morning. The industrial products company reported $3.42 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.48. Kadant has set its FY 2026 guidance at 12.430-12.680 EPS and its Q3 2026 guidance at 2.900-3.000 EPS. This repurchase authorization allows the industrial products company to purchase up to 1.4% of its stock through open market purchases. Amundi now owns 55,036 shares of the industrial products company’s stock worth $16,374,000 after purchasing an additional 34,170 shares during the period.