Kewaunee Scientific (KEQU) Reports Q4 EPS of $0.23

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Kewaunee Scientific Reports Results for Year and Fourth Quarter

June 23, 2015 5:52 PM EDT

STATESVILLE, N.C., June 23, 2015 /PRNewswire/ -- Kewaunee Scientific Corporation (NASDAQ: KEQU) today announced results for its year and fourth quarter ended April 30, 2015.

Fiscal Year 2015 ResultsSales for the year were $118,828,000, an increase of 6.9% from sales of $111,166,000 in the prior year. Net earnings for the year were $3,529,000, or $1.33 per diluted share, down from net earnings of $3,895,000, or $1.48 per diluted share, in the prior year. Very competitive pricing in the domestic laboratory furniture marketplace, particularly for large higher education projects in the second half of the year, impacted earnings and profit margins for... More