Company: KEQU
Filing Date: 2025-12-12
Form Type: 10-Q
Source: 0000055529-25-000054
Chunk: 11

Company: KEWAUNEE SCIENTIFIC CORP /DE/
Filing Date: 2025-12-12
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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(814)Balance at July 31, 2024$7,353 $4,512 $(2,051)$49,707 $(3,498)$56,023 Net earnings attributable to Kewaunee Scientific Corporation— — — 3,008 — 3,008 Other comprehensive loss— — — — (76)(76)Stock-based compensation— 373 — — — 373 Balance at October 31, 2024$7,353 $4,885 $(2,051)$52,715 $(3,574)$59,328 

See accompanying notes to Condensed Consolidated Financial Statements.

3

Kewaunee Scientific Corporation

Condensed Consolidated Balance Sheets

($ and shares in thousands, except per share amounts)October 31, 2025April 30, 2025 (Unaudited) AssetsCurrent Assets:Cash and cash equivalents$12,594 $14,942 Restricted cash1,085 2,222 Receivables, less allowance; $492; $530, on each respective date59,017 62,384 Inventories35,499 32,849 Prepaid expenses and other current assets5,445 5,966 Total Current Assets113,640 118,363 Property, plant and equipment, at cost74,223 71,983 Accumulated depreciation(51,068)(48,809)Property, plant and equipment, net23,155 23,174 Right of use assets11,459 12,965 Deferred income taxes3,831 3,994 Intangible assets, net17,063 17,831 Goodwill12,487 12,487 Other assets7,440 5,840 Total Assets$189,075 $194,654 Liabilities and Stockholders' EquityCurrent Liabilities:Short-term borrowings$1,117 $986 Current portion of financing liability827 788 Current portion of term loan2,903 2,903 Current portion of financing lease liabilities67 96 Current portion of operating lease liabilities3,381 3,275 Accounts payable22,660 27,033 Employee compensation and amounts withheld7,616 9,209 Deferred revenue4,342 6,073 Other accrued expenses2,897 3,349 Total