Company: KEQU
Filing Date: 2025-12-12
Form Type: 10-Q
Source: 0000055529-25-000054
Chunk: 13

Company: KEWAUNEE SCIENTIFIC CORP /DE/
Filing Date: 2025-12-12
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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,019 Income tax receivable(246)— Accounts payable and other accrued expenses(6,433)(3,907)Deferred revenue(1,732)1,865 Other, net(224)(2,000)Net cash provided by operating activities1,526 7,642 Cash flows from investing activities:Capital expenditures(2,341)(961)Net cash used in investing activities(2,341)(961)Cash flows from financing activities:Dividends paid to non-controlling interest in subsidiaries— (161)Repayments on term loan(1,500)— Proceeds from short-term borrowings3,356 64,117 Repayments on short-term borrowings(3,225)(66,410)Payments on sale-leaseback financing transaction(416)(351)Proceeds from long-term lease obligations226 — Payments on long-term lease obligations(86)(81)Taxes paid related to net share settlement of equity awards(671)— Net cash used in financing activities(2,316)(2,886)Effect of exchange rate changes on cash, cash equivalents and restricted cash(354)(69)(Decrease) increase in cash, cash equivalents and restricted cash(3,485)3,726 Cash, cash equivalents and restricted cash, beginning of period17,164 25,938 Cash, cash equivalents and restricted cash, end of period$13,679 $29,664 

See accompanying notes to Condensed Consolidated Financial Statements.

5

Kewaunee Scientific Corporation

Condensed Consolidated Statements of Cash Flows (Cont'd)

(Unaudited)

($ in thousands)

 Six Months EndedOctober 31, 20252024Supplemental Disclosure of Cash Flow InformationCash paid for:Interest$1,940 $914 

See accompanying notes to Condensed Consolidated Financial Statements.

6

Kewaunee Scientific Corporation

Notes to Condensed Consolidated Financial Statements

(unaudited)

A. Financial Information

The unaudited interim Condensed Consolidated Financial Statements of Kewaunee Scientific Corporation (the "Company") have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been condensed or omitted, although the Company believes that the disclosures are adequate to make the information presented not misleading.These interim Condensed Consolidated