Company: KEQU
Filing Date: 2025-07-02
Form Type: 10-K
Source: 0000055529-25-000026
Chunk: 226

Company: KEWAUNEE SCIENTIFIC CORP /DE/
Filing Date: 2025-07-02
Form: 10-K
Item: Item 8
Chunk 226
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,635 $(3,647)$58,919 $(3,803)$64,457 

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

26

CONSOLIDATED BALANCE SHEETS

April 30Kewaunee Scientific Corporation$ and shares in thousands, except per share amounts20252024ASSETSCurrent AssetsCash and cash equivalents$14,942 $23,267 Restricted cash2,222 2,671 Receivables, less allowance: $530 (2025); $588 (2024)62,384 45,064 Inventories32,849 20,679 Prepaid expenses and other current assets5,966 5,136 Total Current Assets118,363 96,817 Property, plant and equipment, net23,174 17,649 Right of use assets12,965 7,454 Deferred income taxes3,994 7,401 Intangible assets, net17,831 — Goodwill12,487 — Other assets5,840 5,445 Total Assets$194,654 $134,766 LIABILITIES AND STOCKHOLDERS' EQUITYCurrent LiabilitiesShort-term borrowings$986 $3,099 Current portion of financing liability788 713 Current portion of term loan2,903 — Current portion of financing lease liabilities96 111 Current portion of operating lease liabilities3,275 2,123 Accounts payable27,033 23,262 Employee compensation and amounts withheld9,209 6,041 Deferred revenue6,073 4,374 Other accrued expenses3,349 1,057 Total Current Liabilities53,712 40,780 Long-term portion of financing liability26,632 27,420 Long-term portion of seller note23,537 — Long-term portion of term loan10,412 — Long-term portion of financing lease liabilities149 235 Long-term portion of operating lease liabilities8,797 5,434 Accrued pension and deferred compensation costs3,708 3,008 Deferred income taxes1,098 1,218 Other non-current liabilities364 462 Total Liabilities128,409 78,557 Commitments and Contingencies (Note 12)Stockholders' EquityCommon stock, $2.50 par value, Authorized—5