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Kewaunee Scientific Reports Record Sales and Earnings for First Quarter
Date:8/27/2013

and international markets.  One manufacturing facility is located in Bangalore, India serving the local and Asian markets. The Company has subsidiaries in Singapore and India. 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.Contact:

D. Michael Parker704/871-3290 Kewaunee Scientific CorporationConsolidated Statements of Operations (Unaudited)(in thousands, except per share data)Three months endedJuly 31,20132012Net sales$
32,003$
26,683Cost of products sold25,42721,440Gross profit6,5765,243Operating expenses4,1444,138Operating earnings2,4321,105Other income8068Interest expense(88)(114)Earnings before income taxes2,4241,059Income tax expense807371Net earnings1,617688Less: net earnings attributable to the noncontrolling interest3054Net earnings attributable to Kewaunee Scientific Corporation$
,587$
34Net earnings per share attributable toKewaunee Scientific Corporation stockholdersBasic$0.61$0.25Diluted$0.61$0.25Weighted average number of common shares outstandingBasic2,5962,581Diluted2,6182,584Kewaunee Scientific CorporationCondensed Consolidated Balance Sheets(in thousands)July 31,April 30,20132013Assets(Unaudited)Cash and cash equivalents$4,408$5,811Restricted Cash619691Receivables, less allowances24,75225,884Inventories12,33413,203Pr
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