Kadant (NYSE:KAI) reported record second-quarter revenue, adjusted earnings and EBITDA for 2026, supported by acquisitions, organic growth and continued demand for aftermarket parts and services even as customers delayed some large capital-equipment commitments. Organic capital revenue increased 23%, while record aftermarket parts revenue totaled $214.2 million. GAAP diluted earnings per share increased 24% to $2.75, while adjusted diluted EPS rose 26% to a record $3.42. Segment performanceFlow Control: Bookings increased 11% year over year, aided by strong aftermarket demand and stronger-than-expected North American capital-project bookings. McKenney said the decline reflected a larger mix of capital revenue and product mix within both the capital and aftermarket categories.