Earnings ·
Kewaunee Scientific Corporation reported financial results for the first quarter of fiscal year 2027 ended July 31, 2026
KEQUKewaunee Scientific Corp
Kewaunee Scientific Corporation reported financial results for the first quarter of fiscal year 2027 ended July 31, 2026. Sales decreased 6.7% to $66.3 million from $71.1 million in the prior-year period. Diluted earnings per share fell to $0.58 from $1.04, and net earnings declined to $1.7 million from $3.1 million. The company's order backlog increased to $169.0 million from $165.9 million at the end of fiscal 2026. Long-term debt excluding sale-leaseback obligations decreased to $13.8 million from $15.1 million, while cash on hand dropped to $10.3 million. The company operates in the laboratory and healthcare furniture manufacturing industry.