Kewaunee Q3 net income $723K ($0.25 EPS) vs loss; sales up 49.7%

KEWAUNEE SCIENTIFIC CORP /DE/

2023-Q3 EPS reported -$0.09 revenue$165,508,000

Net earnings $723K ($0.25 diluted EPS) vs net loss $1,319K (-$0.47); sales $60.8M, +49.7% YoY.
Domestic segment sales $36.1M (+22.4%), net income $417K vs prior year loss of $305K.
International segment sales $24.7M (+122.4%), net income $1.56M vs $573K; backlog $153.2M.
Awarded multi-year contract to supply lab products to Indian Oil Corporation Limited.
Cash $18.4M vs $6.9M; debt-to-equity 1.22:1; short-term debt $5.8M, long-term debt $29.2M.

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