Company: KEQU
Filing Date: 2025-07-02
Form Type: 10-K
Source: 0000055529-25-000026
Chunk: 228

Company: KEWAUNEE SCIENTIFIC CORP /DE/
Filing Date: 2025-07-02
Form: 10-K
Item: Item 8
Chunk 228
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73,483 148,061 Repayments on short-term borrowings(75,595)(148,549)Payments on sale-leaseback financing transaction(772)(642)Proceeds from long-term lease obligations— 202 Payment of deferred financing costs(1,497)— Payments on lease obligations(101)(88)Purchase of Treasury Stock(1,596)(1,998)Net cash provided by (used in) financing activities7,411 (3,014)Effect of exchange rate changes on cash, net(67)(54)(Decrease) Increase in Cash, Cash Equivalents and Restricted Cash(8,774)12,123 Cash, Cash Equivalents and Restricted Cash at Beginning of Year25,938 13,815 Cash, Cash Equivalents and Restricted Cash at End of Year$17,164 $25,938 

The accompanying Notes are an integral part of these Consolidated Financial Statements.

28

CONSOLIDATED STATEMENTS OF CASH FLOWS (CONT'D)

 Years Ended April 30$ in thousands20252024Supplemental Disclosure of Cash Flow InformationCash paid for:Interest$3,374 $1,799 Income taxes$3,972 $6,240 Noncash investing and financing activities:Change in debt related to seller note$23,000 $— Assets obtained under new operating leases$1,243 $200 Assets obtained under new finance leases$6 $204 

The accompanying Notes are an integral part of these Consolidated Financial Statements.

29

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1—Summary of Significant Accounting Policies

Kewaunee Scientific Corporation and subsidiaries (collectively the "Company") design, manufacture, and install laboratory, healthcare, and technical furniture and infrastructure products. The Company's products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks. The Company's acquisition of Nu Aire, Inc. complements Kewaunee's existing portfolio through Nu Aire's biological safety cabinets, CO2 incubators, ultralow freezers, and other essential laboratory products. The Company's sales are made through purchase orders and contracts submitted by customers directly or through its dealers, its subsidiaries in Singapore and India, and a national stocking distributor. The majority of the Company's products are sold to customers