kewaunee scientific cp (KEQU) Key Developments
Kewaunee Scientific Corporation Increases Quarterly Dividend, Payable on September 22, 2014
Aug 27 14
Kewaunee Scientific Corporation announced its board of directors increased its quarterly cash dividend by 9% to 12 cents per outstanding share from 11 cents per outstanding share, beginning with the dividend payable on September 22, 2014 to stockholders of record at the close of business on September 8, 2014.
Kewaunee Scientific Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2014; Provides Earnings Guidance for the Second Quarter and Full Year of 2015
Aug 26 14
Kewaunee Scientific Corp. reported unaudited consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, sales were $30,534,000, as compared to sales of $32,003,000 in the first quarter last year. Net earnings for the quarter were $1,234,000, or $0.47 per diluted share, as compared to net earnings of $1,587,000, or $0.61 per diluted share, in the first quarter of the prior year. However, both sales and earnings in the first quarter last year were records for the Company. Domestic operations sales for the quarter were $24,248,000, a decline of 10% from $27,073,000 in last year's record quarter.
The company expects a good second quarter and fiscal year 2015 for sales and earnings. Its expectations are based on its strong order backlog, its projections that the softness in the domestic laboratory marketplace will improve, and anticipated increased opportunities in the international marketplace.
Kewaunee Scientific Opens First Facility in China
Aug 13 14
Kewaunee Scientific Corporation announced it had officially opened its first facility in China. The 10,000 square feet facility is strategically located in Suzhou Industrial Park in the general vicinity of Shanghai and also serves as Kewaunee's China headquarters. The facility, which will primarily serve customers in the local China market, will be used as an assembly operation for products imported from the Company's other factories and for the stocking and distribution of Kewaunee fume hoods and safety cabinets. It also includes space for sales and project support staff, a product showroom, and a laboratory for SEFA and ASHRAE testing.
Kewaunee Scientific Corp., Annual General Meeting, Aug 27, 2014
Jul 25 14
Kewaunee Scientific Corp., Annual General Meeting, Aug 27, 2014., at 10:00 Central Standard Time. Location: The Conference Center. Agenda: To elect three Class I directors; to ratify the appointment of the Independent Registered Public Accounting Firm of Cherry Bekaert LLP as the company's independent auditors for fiscal year 2015; to hold an advisory vote on executive compensation; and to transact such other business as may properly come before the meeting.
Kewaunee Scientific Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended April 30, 2014
Jun 24 14
Kewaunee Scientific reported unaudited consolidated earnings results for the fourth quarter and full year ended April 30, 2014. For the quarter, the company reported earnings of $0.37 per share, compared with the prior-year period's $0.46 per share. Revenue was $27.05 million, down 15% from $31.8 million in the same quarter last year. The earnings reflect the impact of lower sales, which was partially offset by lower operating expenses and an improved product mix during the quarter. Net sales were $27,052,000 against $25,024,000 a year ago. Operating earnings were $1,460,000 against $2,003,000 a year ago. Net earnings attributable to Kewaunee Scientific Corporation were $979,000 against $1,217,000 a year ago.
For the year, the company reported net sales of $111,166,000 against $117,121,000 a year ago. Operating earnings were $5,964,000 against $2,003,000 a year ago. Net earnings attributable to Kewaunee Scientific Corporation were $3,895,000 or $1.48 per diluted share against $3,044,000 or $1.17 per diluted share a year ago.