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Kewaunee Scientific Reports Improved Results for Third Quarter

r>73,857Cost of products sold22,44117,80369,83962,053Gross profit5,0093,77115,47911,804Operating expenses4,0543,99012,20511,950Operating earnings (loss)955(219)3,274(146)Other income84193260228Interest expense(80)(110)(295)(333)Earnings (loss) before income taxes959(136)3,239(251)Income tax expense (benefit)177(170)962(237)Net earnings (loss)782342,277(14)Less: net earnings attributable tothe noncontrolling interest238156450211Net earnings (loss) attributable to Kewaunee Scientific Corporation$
(225)Net earnings (loss) per share attributable toKewaunee Scientific Corporation stockholdersBasic$
(0.09)Weighted average number of common  shares outstandingBasic2,5902,5792,5862,579Diluted2,6042,5792,5962,579 Kewaunee Scientific CorporationCondensed Consolidated Balance Sheets(in thousands)January 31,April 30,20132012Assets(Unaudited)Cash and cash equivalents$
,188Restricted Cash692704Receivables, less allowances20,06423,244Inventories12,88811,760Prepaid expenses and other current assets2,2691,702Total Current Assets40,11543,598Net property, plant and equipment14,89015,346Other assets5,6185,192Total Assets$
4,136Liabilities and EquityShort-term borrowings$
,816Current obligations under capital leases and long-term debt200236Accounts payable8,5628,848Other current liabilities4,3604,340Total Current Liabilities15,82920,240Other non-current liabilities12,09512,238Total Liabilities27,92432,478Noncontrolling interest1,8452,147Kewaunee Scientific Corporation equity30,85429,511Total Equity32,69931,658Total Liabilities and Equity$


D. Michael Parker704/871-3290 

SOURCE Kewaunee Scientific Corporation
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