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Kewaunee Scientific Corporation

Kewaunee Scientific Reports Record Results Net Earnings for Year Increase 36%, Sales Increase 16%

Published in Health Business Week, July 10th, 2009

Kewaunee Scientific Corporation (NASDAQ:KEQU) reported record sales, earnings, and order backlog for its fiscal year ended April 30, 2009.

Net earnings for the year increased 36% to $4,247,000, or $1.66 per diluted share, up from net earnings of $3,134,000, or $1.23 per diluted share, in the prior year. Earnings benefited from higher sales volume, lower manufacturing costs and improved operational efficiencies.

Sales for the year increased 16% to $103,978,000, up from sales of $89,510,000 in the prior year. Sales from domestic operations increased to $90,250,000, up 22.0% from the prior year. Sales from international operations were $13,728,000, down...

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