Company: KEQU
Filing Date: 2025-09-12
Form Type: 10-Q
Source: 0000055529-25-000040
Chunk: 9

Company: KEWAUNEE SCIENTIFIC CORP /DE/
Filing Date: 2025-09-12
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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Item 1.    Condensed Consolidated Financial Statements

Kewaunee Scientific Corporation

Condensed Consolidated Statements of Operations

(Unaudited)

($ and shares in thousands, except per share amounts)

 Three Months EndedJuly 31, 20252024Net sales$71,104 $48,393 Cost of products sold50,174 35,905 Gross profit20,930 12,488 Operating expenses16,120 9,913 Operating profit4,810 2,575 Other income, net168 327 Interest expense(1,058)(472)Profit before income taxes3,920 2,430 Income tax expense761 192 Net earnings3,159 2,238 Less: Net earnings attributable to the non-controlling interest66 45 Net earnings attributable to Kewaunee Scientific Corporation$3,093 $2,193 Net earnings per share attributable to Kewaunee Scientific Corporation stockholdersBasic$1.08 $0.77 Diluted$1.04 $0.74 Weighted average number of common shares outstandingBasic2,851 2,849 Diluted2,963 2,967 

See accompanying notes to Condensed Consolidated Financial Statements.

1

Kewaunee Scientific Corporation

Condensed Consolidated Statements of Comprehensive Earnings

(Unaudited)

($ in thousands)

 Three Months EndedJuly 31, 20252024Net earnings$3,159 $2,238 Other comprehensive loss, net of tax:Foreign currency translation adjustments(410)(116)Other comprehensive loss(410)(116)Comprehensive earnings, net of tax2,749 2,122 Less: Comprehensive income attributable to the non-controlling interest66 45 Comprehensive earnings attributable to Kewaunee Scientific Corporation$2,683 $2,077 

See accompanying notes to Condensed Consolidated Financial Statements.

2

Kewaunee Scientific Corporation

Condensed Consolidated Statements of Stockholders' Equity

(Unaudited)

($ in thousands, except per share amounts)

 CommonStockAdditionalPaid-inCapitalTreasuryStockRetainedEarningsAccumulatedOtherComprehensiveLossTotal Kewaunee Scientific Corporation Stockholders' EquityBalance at April 30, 2025$7,353 $5,635 $(3,647)$58,919 $(3,803