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Kewaunee Scientific Reports Results
Date:6/24/2008

creased its quarterly cash dividend to eight cents per outstanding share, up from seven cents per share declared in the previous quarter.

Kewaunee Scientific Corporation is a recognized leader in the design, manufacture, and installation of scientific and technical furniture. The Company's corporate headquarters and domestic manufacturing facilities are located in Statesville, North Carolina. The Company also has subsidiaries in Singapore and Bangalore, India that serve the Asian and Middle East markets. Kewaunee Scientific's website is located at http://www.kewaunee.com .

Certain statements in this release constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking 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

(in thousands, except per share data)

Three Months Ended Year Ended

April 30 April 30

2008 2007 2008 2007

(Unaudited)

Net sales $22,116 $22,721 $89,510 $81,441

Cost of products sold 17,579 18,467 70,338 66,355

Gross profit 4,537 4,254 19,172 15,086

Operating expenses 3,748 3,363 13,559 11,728

Operating earnings 789 891 5,613 3,358

Other income 49 20
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SOURCE Kewaunee Scientific Corporation
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