Kewaunee Scientific Sales Strong in USA.

STATESVILLE, NC – Laboratory casegoods and millwork firm Kewaunee Scientific second quarter sales rose 2.6 percent to $31 million. While U.S. sales for the quarter rose 11 percent to $26.3 million, international sales fell more than 28 percent, to $4.8 million.

Kewaunee Scientific Corp. (Nasdaq: KEQU) net fell by $695,000 earnings for its second quarter ended October 31, 2015, a drop approaching half of last year’s figure.

“For our International business, a large order shipped in the second quarter of last year adversely affected the year-over-year comparison with this quarter,” says David M. Rausch, CEO. “Earnings were also unfavorably impacted by non-recurring costs related to the retirement of a key executive.

The order backlog was $92.4 million, up $8 million from a year ago. Incoming orders for the domestic business were strong during, Kewaunee says, due to an improving marketplace for laboratory furniture and scientific equipment in the United States.

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About Kewaunee Scientific
Kewaunee Scientific Corporation is a recognized global leader in the design, manufacture, and installation of laboratory, healthcare, and technical furniture products. Products include steel, wood, and laminate casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin worksurfaces and sinks. The Company’s corporate headquarters are located in Statesville, North Carolina. Direct sales offices are located in the United States, India, Singapore, and China. Three manufacturing facilities are located in Statesville serving the domestic and international markets, and one manufacturing facility is located in Bangalore, India serving the local and Asian markets. The Company’s China headquarters, sales office, and assembly operation are located in Suzhou Industrial Park, China.

For more information, visit: www.kewaunee.com