Kewaunee Scientific Q1 sales fall due to challenging market conditions

Kewaunee Scientific

09/09/2026 21:25

Overview
US laboratory furniture maker's fiscal Q1 sales fell 6.7% yr/yr amid challenging market conditions
Diluted EPS declined to $0.58 from $1.04 in prior yr quarter
International segment profitability improved due to higher-margin projects despite lower sales

Outlook
Company notes project award and release timelines remain extended amid geopolitical and economic uncertainty
Company says it remains attentive to near-term market conditions and focused on long-term growth

Result Drivers
LIFE SCIENCES MARKET - Lower LPG sales and manufacturing volumes attributed to challenging life sciences market conditions
HIGHER-MARGIN PROJECTS - International segment profitability improved due to a favorable mix of higher-margin projects
ONE-TIME COMPENSATION EXPENSE - Corporate results included additional compensation expense from settling long-term incentive awards in cash, which is not expected to recur

Company press release: ID:nPn4wWGYJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
 
$66.32 mln
 
Q1 EPS
 
$0.58
 
Q1 Net Income
 
$1.84 mln
 
Q1 Gross Profit
 
$19.64 mln
 
Q1 Operating Expenses
 
$16.48 mln
 

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)