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Kewaunee Scientific Announces First Quarter Results and Quarterly Dividend
Date:8/22/2007

ooking statements involve known and unknown risks, uncertainties and other factors that could significantly impact results or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, economic, competitive, governmental, and technological factors affecting the Company's operations, markets, products, services, and prices.

Consolidated Statements of Operations [unaudited]

(in thousands, except per share data)

Three Months Ended

July 31 July 31

2007 2006

Net sales $20,784 $19,294

Cost of products sold 16,521 16,166

Gross profit 4,263 3,128

Operating expenses 3,148 2,637

Operating earnings 1,115 491

Other income 3 18

Interest expense (110) (187)

Earnings before income taxes 1,008 322

Income tax expense 312 78

Earnings before minority interests 696 244

Minority interests in subsidiaries 22 111

Net earnings $674 $133

Net earnings per share

Basic $0.27 $0.05

Diluted $0.27 $0.05

Weighted average number of common

shares outstanding (in thousands)

Basic 2,502 2,492

Diluted 2,521 2,493

Condensed Consolidated Balance Sheets

(in thousands)


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SOURCE Kewaunee Scientific Corporation
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