KEQU Kewaunee Scientific
Founded in 1906, Kewaunee Scientific Corporation is a recognized global leader in the design, manufacture, and installation of laboratory, healthcare, and technical furniture products. The Company's products include steel, wood, and laminate casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin worksurfaces and sinks.
The Company's corporate headquarters are located in Statesville, North Carolina. Direct sales offices are located in the United States, India and Singapore. Three manufacturing facilities are located in Statesville serving the domestic and international markets, and one manufacturing facility is located in Bangalore, India serving the local and Asian markets.
Company profile
Ticker
KEQU
Exchange
Website
CEO
Thomas Hull
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
380715562
KEQU stock data
()
Calendar
15 Jul 21
31 Jul 21
30 May 22
Financial summary
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Apr 21 | Apr 20 | Apr 19 | Apr 18 | |
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Financial data from company earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 5.73M | 5.73M | 5.73M | 5.73M | 5.73M | 5.73M |
| Cash burn (monthly) | 124K | (positive/no burn) | 316.67K | 218.08K | 731.67K | (positive/no burn) |
| Cash used (since last report) | 374.35K | n/a | 956K | 658.38K | 2.21M | n/a |
| Cash remaining | 5.36M | n/a | 4.78M | 5.07M | 3.52M | n/a |
| Runway (months of cash) | 43.2 | n/a | 15.1 | 23.3 | 4.8 | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 16 Jul 21 | Noble Ryan S. | Common Stock | Payment of exercise | Dispose F | No | No | 13.34 | 57 | 760.38 | 2,461 |
| 16 Jul 21 | Noble Ryan S. | Common Stock | Option exercise | Aquire M | No | No | 0 | 197 | 0 | 2,518 |
| 16 Jul 21 | Noble Ryan S. | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 197 | 0 | 0 |
| 8 Jul 21 | Rindoks Kurt P | Common Stock | Payment of exercise | Dispose F | No | No | 13.75 | 186 | 2.56K | 14,546 |
| 8 Jul 21 | Rindoks Kurt P | Common Stock | Grant | Aquire A | No | No | 0 | 645 | 0 | 14,732 |
| 8 Jul 21 | Hull Thomas David Iii | Common Stock | Payment of exercise | Dispose F | No | No | 13.75 | 792 | 10.89K | 13,189 |
| 8 Jul 21 | Hull Thomas David Iii | Common Stock | Grant | Aquire A | No | No | 0 | 2,749 | 0 | 13,981 |
| 8 Jul 21 | Phillips Elizabeth D | Common Stock | Payment of exercise | Dispose F | No | No | 13.75 | 234 | 3.22K | 5,185 |
| 8 Jul 21 | Phillips Elizabeth D | Common Stock | Grant | Aquire A | No | No | 0 | 811 | 0 | 5,419 |
| 8 Jul 21 | Gardner Donald T. III | Common Stock | Payment of exercise | Dispose F | No | No | 13.75 | 378 | 5.2K | 6,727 |
Institutional ownership Q1 2021
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
35.5% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 20 |
| Opened positions | 2 |
| Closed positions | 1 |
| Increased positions | 2 |
| Reduced positions | 7 |
13F shares |
Current |
|---|---|
| Total value | 12.14M |
| Total shares | 984.31K |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| NTRS Northern Trust | 321.54K | $3.97M |
| Dimensional Fund Advisors | 202.52K | $2.5M |
| Vanguard | 125K | $1.54M |
| Minerva Advisors | 123.83K | $1.53M |
| Renaissance Technologies | 112.91K | $1.39M |
| Bridgeway Capital Management | 29.6K | $365K |
| MS Morgan Stanley | 17.18K | $212K |
| Geode Capital Management | 14.66K | $180K |
| Salem Investment Counselors | 10.7K | $132K |
| Acadian Asset Management | 7.89K | $97K |
Financial report summary
?Risks
- Disruptions in the financial markets have historically created, and may continue to create, uncertainty in economic conditions that may adversely affect our customers and our business.
- If we fail to compete effectively, our revenue and profit margins could decline.
- If we lose a large customer, our sales and profits would decline.
- An increase in the price of raw materials and energy could negatively affect our sales and profits.
- Our future growth may depend on our ability to penetrate new international markets.
- Events outside our control may affect our operating results.
- We depend on key management and technical personnel, the loss of whom could harm our business.
- Our stock price is likely to be volatile and could drop.
- We are subject to other risks that might also cause our actual results to vary materially from our forecasts, targets, or projections, including:
- Cybersecurity incidents could expose us to liability and damage our reputation and our business.
- Internal Controls Over Financial Reporting.
- Changes in U.S. trade policy, including the imposition of tariffs and the resulting consequences, may have a material adverse impact on our business and results of operations.
Management Discussion
- Sales for fiscal year 2021 were $147.5 million, relatively unchanged from fiscal year 2020 sales of $147.5 million. Domestic sales for fiscal year 2021 were $111.0 million, a decrease of 3.5% compared to fiscal year 2020 sales of $115.1 million. The decrease in Domestic sales in fiscal year 2021 was related to delays in construction projects as well as the timing of awards for new projects due to the coronavirus pandemic. International sales for fiscal year 2021 were $36.4 million, an increase of 12.3% from fiscal year 2020 sales of $32.4 million. The increase in International sales for fiscal year 2021 is the result of strong international demand coupled with accelerated delivery dates to achieve project completions prior to the government mandated shut-downs in response
Content analysis
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| Negative | ||
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| Legalese | ||
| Litigous | ||
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H.S. freshman Avg
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New words:
addback, administered, aluminum, Arabia, assertion, capacity, challenging, communicated, community, coupled, covenant, DIXON, Ellyn, entertainment, escalating, forecasted, fringe, Glen, GOODMAN, hard, inactive, lag, lesser, NaN, notice, pace, people, revising, run, Saudi, succeeding, surge, sweeping, underlying, worse
Removed:
capitalization, delivered, depict, engineered, identifying, lender, letter, Naperville, noncontrolling, participant, Postretirement, remediate, rendered, Rent, unsecured
Financial reports
10-K
2021 FY
Annual report
15 Jul 21
10-Q
2021 Q3
Quarterly report
12 Mar 21
10-Q
2021 Q2
Quarterly report
11 Dec 20
10-Q
2021 Q1
Quarterly report
11 Sep 20
10-K
2020 FY
Annual report
27 Jul 20
10-Q
2020 Q3
Quarterly report
13 Mar 20
10-Q
2020 Q2
Quarterly report
16 Dec 19
10-Q
2020 Q1
Quarterly report
6 Sep 19
10-K
2019 FY
Annual report
11 Jul 19
10-Q
2019 Q3
Quarterly report
15 Mar 19
Current reports
8-K
Kewaunee Scientific Reports Results for Fiscal Year and Fourth Quarter
8 Jul 21
8-K
Entry into a Material Definitive Agreement
29 Apr 21
8-K
Reports Results for Third Quarter of Fiscal Year 2021
10 Mar 21
8-K
Entry into a Material Definitive Agreement
29 Jan 21
8-K
Reports Results for Second Quarter of Fiscal Year 2021
9 Dec 20
8-K
Reports Results for First Quarter of Fiscal Year 2021
9 Sep 20
8-K
Submission of Matters to a Vote of Security Holders
28 Aug 20
8-K
Regulation FD Disclosure
26 Aug 20
8-K
Changes in Registrant's Certifying Accountant
27 Jul 20
8-K
Entry into a Material Definitive Agreement
24 Jul 20
Registration and prospectus
S-8
Registration of securities for employees
7 Sep 17
S-8
Registration of securities for employees
30 Aug 16
S-8
Registration of securities for employees
22 Aug 11
S-8
Registration of securities for employees
25 Jun 09
S-8
Registration of securities for employees
29 Aug 02
S-8
Registration of securities for employees
19 Dec 96
Proxies
DEFA14A
Additional proxy soliciting materials
15 Jul 21
DEF 14A
Definitive proxy
15 Jul 21
DEF 14A
Definitive proxy
29 Jul 20
DEF 14A
Definitive proxy
19 Jul 19
DEF 14A
Definitive proxy
20 Jul 18
DEF 14A
Definitive proxy
20 Jul 17
DEFA14A
Additional proxy soliciting materials
25 Jul 16
DEF 14A
Definitive proxy
21 Jul 16
DEF 14A
Definitive proxy
22 Jul 15
DEF 14A
Definitive proxy
24 Jul 14
Other
SD
Conflict minerals disclosure
10 May 21
SD
Conflict minerals disclosure
11 May 20
SD
Conflict minerals disclosure
10 May 19
SD
Conflict minerals disclosure
23 May 18
NO ACT
No action letter
30 May 17
SD
Conflict minerals disclosure
9 May 17
SD
Conflict minerals disclosure
10 Aug 16
SD
Conflict minerals disclosure
28 May 14
UPLOAD
Letter from SEC
6 Jan 09
UPLOAD
Letter from SEC
18 Dec 08
Ownership
4
KEWAUNEE SCIENTIFIC / David S. Rhind ownership change
19 Jul 21
4
KEWAUNEE SCIENTIFIC / Ryan S. Noble ownership change
19 Jul 21
4
KEWAUNEE SCIENTIFIC / Mandar Ranade ownership change
9 Jul 21
4
KEWAUNEE SCIENTIFIC / Douglas J. Batdorff ownership change
9 Jul 21
4
KEWAUNEE SCIENTIFIC / Lisa L. Ryan ownership change
9 Jul 21
4
KEWAUNEE SCIENTIFIC / Ryan S. Noble ownership change
9 Jul 21
4
KEWAUNEE SCIENTIFIC / Donald T. Gardner III ownership change
9 Jul 21
4
KEWAUNEE SCIENTIFIC / Elizabeth D Phillips ownership change
9 Jul 21
4
KEWAUNEE SCIENTIFIC / THOMAS DAVID HULL III ownership change
9 Jul 21
4
KEWAUNEE SCIENTIFIC / KURT P RINDOKS ownership change
9 Jul 21
Patents
GRANT
Design
Laboratory table
4 May 21
Inventors: Kurt P. Rindoks, Karole D. Clanton, Matthew David Hern
APP
Utility
Ceramic Foam Flame Arrestor Assembly for Flammable Storage Cabinet
23 Dec 20
A storage cabinet for ignitable (flammable) liquids is provided.
GRANT
Utility
Laboratory hood with venturi effect air intake device for anti-turbulent air flow control
19 Oct 20
In a laboratory hood system having a housing with an access window opening into an interior work chamber for performing laboratory processes, and an air circulation system for creating an air flow from the laboratory environment inwardly through the access window into the work chamber for preventing hazardous materials from escaping into the laboratory environment through the access window, one or more air intake control devices are disposed in a selected location or locations at the access window to overcome any tendency for air turbulence to occur.
Reddit threads
Daily Discussion Thread - July 8th, 2021
8 Jul 21
Daily Discussion Thread - July 7th, 2021
7 Jul 21
Daily Discussion Thread - July 6th, 2021
6 Jul 21
Daily Discussion Thread - July 5th, 2021
5 Jul 21
Daily Discussion Thread - March 10th, 2021
10 Mar 21
Daily Discussion Thread - March 9th, 2021
9 Mar 21
Daily Discussion Thread - March 8th, 2021
8 Mar 21
Daily Discussion Thread - December 9th, 2020
9 Dec 20
Daily Discussion Thread - December 8th, 2020
8 Dec 20
Daily Discussion Thread - December 7th, 2020
7 Dec 20