KEQU Kewaunee Scientific Corp.

All KEQU filings Filing statistics SEC

Kewaunee Scientific Corp. engages in the design, manufacture, and installation of laboratory, healthcare, technical furniture, and infrastructure products. It operates through the following segments: Domestic, and international. The Domestic segment designs, manufactures, and installs scientific and technical furniture, including steel and wood laboratory cabinetry, fume hoods, laminate casework, flexible systems, worksurfaces, workstations, workbenches, and computer enclosures. The International segment offers products and services, including facility design, detailed engineering, construction, and project management from the planning stage through testing and commissioning of laboratories. The Company was founded in 1906 and is headquartered in Statesville, NC.

Company profile

Ticker

KEQU

Exchange

NASDAQ

Website

www.kewaunee.com

CEO

Thomas D. Hull

Incorporated in

Delaware

Location

North Carolina

Fiscal year end

Apr 30

Sector

Producer Manufacturing > Office Equipment/Supplies

Industry (SEC)

Laboratory Apparatus & Furniture

ThermoGenesis • Misonix • Reflect Scientific ...

SEC CIK

0000055529

Corporate docs

Articles of Incorporation & Bylaws

IRS number

380715562

KEQU stock data

S&P 500

1M 1Y 2Y 5Y

Company financial data Financial data

Chart KEQU financial data

Quarter (USD)	Jul 19	Apr 19	Jan 19	Oct 18
Revenue	39.34M	34.75M	32.37M	37.28M
Net income	471K	-1.27M	-22K	1.41M
Diluted EPS	0.17	-0.46	-0.01	0.51
Net profit margin	1.20%	-3.65%	-0.07%	3.79%
Operating income	776K	-1.33M	-75K	1.81M
Net change in cash	1.01M	-124K	1.29M	413K
Cash on hand	11.65M	10.65M	10.77M	9.48M
Cost of revenue	32.39M	29.91M	27.14M	29.51M

Annual (USD)	Apr 19	Apr 18	Apr 17	Apr 16
Revenue	146.55M	158.05M	138.56M	128.63M
Net income	1.53M	5.28M	4.52M	3.8M
Diluted EPS	0.55	1.9	1.66	1.42
Net profit margin	1.04%	3.34%	3.26%	2.96%
Operating income	2.11M	9.92M	6.54M	5.7M
Net change in cash	931K	-2.79M	7.28M	2.18M
Cash on hand	10.65M	9.72M	12.51M	5.22M
Cost of revenue	121.23M	125.89M	111.95M	104.92M

Financial data from company earnings reports

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.
The Patient Protection and Affordable Care Act may increase the cost of providing medical benefits to employees, which could have a significant adverse impact on our results of operations.
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 the quarter were $39,336,000, a 6.7% decrease from sales of $42,152,000 in the comparable period of the prior year. Domestic sales for the quarter were $29,287,000, down 18.8% from sales of $36,070,000 in the comparable period of the prior year. International sales for the quarter were $10,049,000, up 65.2% from sales of $6,082,000 in the comparable period of the prior year. The decrease in Domestic sales was a result of lower dealer sales in the current quarter versus those in the prior year first quarter. International sales increased as a result of a large order with a new customer and continued strength in the Indian laboratory infrastructure market.
The Company’s order backlog was $102 million at July 31, 2019, as compared to $102 million at July 31, 2018, and $101 million at April 30, 2019. The Company continues to have a strong volume of outstanding quotations globally and is aggressively pursuing these projects.
The gross profit margin for the three months ended July 31, 2019 was 17.7% of sales, as compared to 18.0% of sales in the comparable quarter of the prior year. The decrease in gross profit margin percentage was primarily due to the decline in sales with an unfavorable shift in product mix, and competitive pricing in the International segment.

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From filing 10-Q 2020 Q1