Quarterly ResultJun 23, 2026, 05:16 PM
Kewaunee Scientific FY26 Sales Up 17.3% to $282M; Net Earnings $9.6M
AI Summary
Kewaunee Scientific Corporation announced its fiscal year and fourth quarter results ended April 30, 2026. For the full fiscal year, sales increased 17.3% to $281.999 million, while net earnings decreased to $9.618 million and diluted EPS was $3.22. Fourth quarter sales declined 7.5% to $71.4 million, with net earnings at $3.388 million. The company highlighted strong revenue, progress in integrating Nu Aire, and significant balance sheet improvement through debt reduction, despite challenging operating conditions and geopolitical uncertainties affecting project timelines and international sales.
Key Highlights
- Fiscal Year 2026 sales increased 17.3% to $281.999 million.
- Fiscal Year 2026 net earnings were $9.618 million, down from $11.405 million.
- Fiscal Year 2026 diluted EPS was $3.22, compared to $3.83 last year.
- Fourth quarter 2026 sales decreased 7.5% to $71.4 million.
- Fourth quarter 2026 net earnings were $3.388 million, down from $4.850 million.
- Long-term debt reduced by approximately $20 million in fiscal year 2026.
- Debt-to-equity ratio improved to 0.61-to-1 from 0.99-to-1.
- Order backlog at fiscal year-end was $165.9 million.
Price Impact
More from KEQU