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Kewaunee Scientific (KEQU) investor relations material
Kewaunee Scientific Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary10 Dec, 2025
Executive summary
Sales for the quarter ended October 31, 2025, rose 46.8% year-over-year to $70.1 million, driven by the Nu Aire acquisition and strong domestic and international growth.
Net earnings for the quarter were $2.45 million ($0.82 per diluted share), down from $3.0 million ($1.01 per diluted share) in the prior year, reflecting higher operating and integration costs.
EBITDA increased to $5.79 million from $4.88 million year-over-year.
The order backlog remained robust at $192.9 million, up from $184.4 million a year ago, supporting future revenue visibility.
Financial highlights
Gross profit for the quarter was $19.7 million, with a margin of 28.1%, down from 29.2% year-over-year.
Operating expenses increased to $15.6 million (22.3% of sales) due to the Nu Aire acquisition and higher compensation costs.
Operating profit was $4.1 million, compared to $4.4 million in the prior year quarter.
Adjusted net earnings for the quarter were $2.71 million, with adjusted diluted EPS of $0.91.
Cash on hand was $13.7 million at quarter-end, down from $17.2 million at the start of the fiscal year.
Outlook and guidance
Quoting and booking activity remains strong, with backlog supporting future growth despite volatility in project delivery timelines.
Management expects continued volatility in project delivery timelines for the remainder of FY2026.
The company is focused on both organic and inorganic growth, with strategic investments in people, processes, and technology.
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Next Kewaunee Scientific earnings date
Q3 202612 Mar, 2026
Next Kewaunee Scientific earnings date
Q3 202612 Mar, 2026
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Frequently asked questions
Kewaunee Scientific Corporation is a company focused on the design, manufacture, and installation of laboratory, healthcare, and technical furniture products. Its product portfolio includes steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, and epoxy resin work surfaces. These products are primarily used in laboratories, research facilities, and healthcare environments to meet the specific needs of these settings. The company serves various sectors, including education, healthcare, industrial research, and government. The company is headquartered in Statesville, North Carolina, and its shares are listed on the NASDAQ.
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