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Kewaunee Scientific Reports Results
Date:6/24/2008

47 53

Interest expense 8 (146) (294) (670)

Earnings before

income taxes 846 765 5,366 2,741

Income tax expense 342 289 1,733 902

Earnings before minority

interests 504 476 3,633 1,839

Minority interests in

subsidiaries (58) 41 (499) (299)

Net earnings $446 $517 $3,134 $1,540

Net earnings per share

Basic $0.17 $0.21 $1.24 $0.62

Diluted $0.17 $0.21 $1.23 $0.62

Weighted average number

of common shares

outstanding

(in thousands)

Basic 2,551 2,494 2,530 2,493

Diluted 2,577 2,502 2,557 2,495

Condensed Consolidated Balance Sheets

(in thousands)

April 30 April 30

Assets 2008 2007

Cash and cash equivalents $3,784 $2,231

Restricted cash 480 372

Receivables, less allowances 20,561 19,061

Inventories 6,984 5,869

Prepaid expenses and other current assets 1,847 981

Total current assets 33,656 28,514

Net property, plant and equipment 11,825 11,255

Other assets 5,599 5,471

Total Assets $51,080 $45,240

Liabilities and Stockholders' Equity

Short-term borrowings $4,551 $3,489

Current obligations un
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SOURCE Kewaunee Scientific Corporation
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