Business UpdateJun 26, 2026, 05:16 PM
Kewaunee Scientific Details Business Operations, Nu Aire Integration, and Backlog
AI Summary
Kewaunee Scientific detailed its business operations, including the strategic acquisition of Nu Aire, Inc. in November 2024, which expanded its product portfolio and market presence. The company reported an order backlog of $165.9 million as of April 30, 2026, a decrease from $214.6 million in the prior year. Kewaunee also highlighted its competitive landscape, reliance on key channel partners, and various operational and market risks.
Key Highlights
- Nu Aire, Inc. acquisition completed in November 2024, expanding product portfolio.
- Order backlog at April 30, 2026, was $165.9 million, down from $214.6 million in 2025.
- Sales to two domestic dealers and a national distributor accounted for 34% of sales in fiscal year 2026.
- International revenues comprised 28% of total revenues in fiscal year 2026.
- Research and experimentation expenditures were $898,000 in fiscal year 2026.
- The company operates in two segments: Lab Products Group (LPG) and International.
Price Impact
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