Kewaunee Scientific Reports Results for First Quarter of Fiscal Year 2021
STATESVILLE, N.C. , Sept. 8, 2020 |PRNewswire| -- Kewaunee Scientific Corporation (NASDAQ: KEQU ) today reported results for its first quarter of fiscal year 2021, ended July 31, 2020. Sales for the quarter were $36,423,000 , a 7.4% decrease from sales of $39,336,000 in the prior year first quarter. Pre-tax loss for the quarter was $587,000 compared to pre-tax earnings of $665,000 for the prior year period. Net earnings decreased 227% for the quarter to a loss of $598,000 , or ($0.22) per diluted share, as compared to net earnings of $471,000 , or $0.17 per diluted share, for the quarter ended July 31, 2019 . EBITDA for the quarter was $137,000 compared to $1,300,000 for the prior year period. The Company's order backlog was $101 million at July 31, 2020 , as compared to $101 million at April 30, 2020 and $102 million at July 31, 2019. Domestic Segment Domestic sales for the quarter were $30,058,000 , an increase of 2.6% from sales of $29,287,000 in the first quarter of last year. Net earnings for the Domestic Segment was $993,000 compared to $1,395,000 for the prior year period.
Kewaunee Scientific Reports Results for First Quarter of Fiscal Year 2021
STATESVILLE, N.C. , Sept. 8, 2020 |PRNewswire| -- Kewaunee Scientific Corporation (NASDAQ: KEQU ) today reported results for its first quarter of fiscal year 2021, ended July 31, 2020. Sales for the quarter were $36,423,000 , a 7.4% decrease from sales of $39,336,000 in the prior year first quarter. Pre-tax loss for the quarter was $587,000 compared to pre-tax earnings of $665,000 for the prior year period. Net earnings decreased 227% for the quarter to a loss of $598,000 , or ($0.22) per diluted share, as compared to net earnings of $471,000 , or $0.17 per diluted share, for the quarter ended July 31, 2019 . EBITDA for the quarter was $137,000 compared to $1,300,000 for the prior year period. The Company's order backlog was $101 million at July 31, 2020 , as compared to $101 million at April 30, 2020 and $102 million at July 31, 2019. Domestic Segment Domestic sales for the quarter were $30,058,000 , an increase of 2.6% from sales of $29,287,000 in the first quarter of last year. Net earnings for the Domestic Segment was $993,000 compared to $1,395,000 for the prior year period.