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Kewaunee Scientific Reports Sales and Earnings for First Quarter

ements 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 [unaudited]
(in thousands, except per share data)Three Months EndedJuly 31

July 312010

2009Net sales


$26,249Cost of products sold


20,485Gross profit


5,764Operating expenses


3,966Operating earnings


1,798Interest expense


(41)Earnings before income taxes


1,757Income tax expense


589Net earnings


1,168Less: net earnings attributable tothe noncontrolling interest


(97)Net earnings attributable toKewaunee Scientific Corporation


$1,071Net earnings per share attributable toKewaunee Scientific Corporation stockholdersBasic




$0.42Weighted average number of commonshares outstandingBasic




2,558Condensed Consolidated Balance Sheets
(in thousands)July 31

April 302010


[unaudited]Cash and cash equivalents


$1,722Restricted cash


544Receivables, less allowances




8,350Prepaid expenses and other current assets


SOURCE Kewaunee Scientific Corporation
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