Company: KEQU
Filing Date: 2025-07-02
Form Type: 10-K
Source: 0000055529-25-000026
Chunk: 316

Company: KEWAUNEE SCIENTIFIC CORP /DE/
Filing Date: 2025-07-02
Form: 10-K
Item: Item 8
Chunk 316
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 business segment, which consists of the foreign subsidiaries identified in Note 1, Summary of Significant Accounting Policies, provides the Company's products and services, including facility design, detailed engineering, construction, and project management from the planning stage through testing and commissioning of laboratories.The Company's CODM is its CEO, who evaluates the performance of each segment and measures its segment profitability based on earnings before income taxes. Some Corporate expenses, such as those related to executive management, finance, etc., are allocated to the segments. Certain corporate expenses shown below are net of expenses that have been allocated to the business segments. We periodically review these allocations and adjust them based upon changes in business circumstance. Intersegment transactions are recorded at normal profit margins. All intercompany balances and transactions have been eliminated.

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The following table shows revenues, earnings, and other financial information by business segment and unallocated corporate expenses for each of the years ended April 30: $ in thousandsDomesticInternationalCorporateTotalFiscal Year 2025Revenues from external customers$179,398 $61,074 $— $240,472 Intersegment revenues626 3,468 (4,094)— Depreciation and amortization4,166 420 173 4,759 Interest expense1,492 71 1,651 3,214 Earnings (loss) before income taxes19,923 4,712 (9,850)14,785 Income tax expense (benefit)4,553 1,632 (2,983)3,202 Net earnings attributable to non-controlling interest— 178 — 178 Net earnings (loss) attributable to Kewaunee Scientific Corporation15,370 2,902 (6,867)11,405 Segment assets152,569 42,085 — 194,654 Expenditures for segment assets1,954 212 — 2,166 Revenues (excluding intersegment) from customers in foreign countries7,731 61,074 — 68,805 Fiscal Year 2024Revenues from external customers$137,238 $66,517 $— $203,755 Intersegment revenues636 4,062 (4,698)— Depreciation2,524 408 193 3,125 Interest expense1,574 166 59 1,799 Earnings (loss) before income taxes15,