Company: KEQU
Filing Date: 2025-07-02
Form Type: 10-K
Source: 0000055529-25-000026
Chunk: 76

Company: KEWAUNEE SCIENTIFIC CORP /DE/
Filing Date: 2025-07-02
Form: 10-K
Item: Item 1A
Chunk 76
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unee Scientific Corporation$ and shares in thousands, except per share amounts20252024Net sales$240,472 $203,755 Cost of products sold171,615 151,704 Gross profit68,857 52,051 Operating expenses51,098 33,770 Operating earnings17,759 18,281 Pension expense— (4,177)Other income, net240 814 Interest expense(3,214)(1,799)Earnings before income taxes14,785 13,119 Income tax expense (benefit)3,202 (5,938)Net earnings11,583 19,057 Less: net earnings attributable to the non-controlling interest178 304 Net earnings attributable to Kewaunee Scientific Corporation$11,405 $18,753 Net earnings per share attributable to Kewaunee Scientific Corporation stockholdersBasic$3.98 $6.51 Diluted$3.83 $6.38 Weighted average number of common shares outstandingBasic2,862 2,879 Diluted2,979 2,938 

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

24

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Years Ended April 30Kewaunee Scientific Corporation$ in thousands20252024Net earnings$11,583 $19,057 Other comprehensive income (loss), net of taxForeign currency translation adjustments(421)(598)Postretirement benefit plansSettlement loss included in net income— 4,019 Income taxes on postretirement benefit plans— (3,870)Change in unrecognized actuarial loss on pension obligations— 509 Total postretirement benefit plans— 658 Comprehensive income, net of tax$11,162 $19,117 Less comprehensive income attributable to the non-controlling interest178 304 Total comprehensive income attributable to Kewaunee Scientific Corporation$10,984 $18,813 

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

25

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

Kewaunee Scientific Corporation$ in thousands, except shares and per share amountsCommonStockAdditionalPaid-inCapitalTreasuryStockRetainedEarningsAccumulatedOtherComprehensiveIncome (