Kewaunee Scientific swings to Q2 profit of $2.7M; EPS $0.93 vs -$0.09

KEWAUNEE SCIENTIFIC CORP /DE/

2024-Q2 EPS reported $1.79 revenue$100,275,000

Sales $50.4M, down 7.6% YoY; net earnings $2.7M vs loss of $243K.
Domestic segment net income surged to $3.054M from $491K on strategic shift.
EBITDA $5.66M vs $1.25M; backlog $146.3M.
Company began stock repurchase program in Q2; plans continued buybacks.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

KEWAUNEE SCIENTIFIC CORP /DE/ reported second quarter ended October 31, 2023 results: revenue $50,436,000, net income $2,732,000, EPS $0.93.

Period: second quarter ended October 31, 2023
Revenue: $50,436,000
Net income: $2,732,000
EPS: $0.93
Result: reported results

Exact text from the filing

KEQU) today announced results for its second quarter ended October 31, 2023. Fiscal Year 2024 Second Quarter Results: Sales during the second quarter of fiscal year 2024 were $50,436,000, a decrease of 7.6% compared to sales of $54,564,000 from the prior year's second quarter. Pre-tax earnings for the quarter were $4,845,000 compared to $456,000 for the prior year

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KEWAUNEE SCIENTIFIC CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000055529-23-000025

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