Kewaunee Scientific reports Q3 EPS $1.01 vs. 93c last year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 11 2024
0mins
Q3 Revenue Performance: Kewaunee reported Q3 revenue of $47.75M, down from $50.44M the previous year, with CEO Thomas Hull III highlighting improved domestic segment performance despite ongoing construction delays in India affecting sales.
Acquisition Announcement: On November 1, 2024, Kewaunee announced the acquisition of Nu Aire, a manufacturer of containment solutions, which will positively impact future financial results starting in Q3 FY25, although the company incurred $2.3M in acquisition-related expenses this fiscal year.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy KEQU?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on KEQU
About KEQU
Kewaunee Scientific Corporation is engaged in designing, manufacturing, and installation of laboratory, healthcare and technical furniture products. The Company’s products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, ultralow freezers, and epoxy resin work surfaces and sinks. Its segments include Domestic and International. The Domestic segment designs, manufactures, and installs scientific and technical furniture. The International segment consists of foreign subsidiaries. The Company's products are sold primarily through purchase orders and contracts submitted by customers through its dealers and its subsidiaries, and a national distributor. It has three manufacturing facilities that are located in Statesville serving the domestic and international markets, and one manufacturing facility is located in Bangalore, India serving the local, Asian, and African markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Agnico Eagle Mines Stock Rises 63.4% Over Six Months
- Stock Performance: Agnico Eagle's shares have surged 63.4% over the past six months, outperforming the Zacks Mining - Gold industry, which gained 85.9%, indicating its relative strength in the market.
- Earnings Estimates Rising: The company's earnings estimates for Q4 2025 have been increasing over the past month, reflecting growing market confidence in its future growth potential, particularly with cost savings expected from the Kittila expansion project.
- Strengthened Market Position: The merger with Kirkland Lake Gold has established Agnico Eagle as the industry's highest-quality senior gold producer, with a robust pipeline of development and exploration projects ensuring sustainable growth.
- Diversification Strategy: By maintaining prudent debt management and financial flexibility, the company mitigates risks, with higher gold prices expected to further enhance its margins, thereby boosting investor confidence.
Continue Reading
Agnico Eagle Mines (AEM) Q4 Earnings Outlook Improves, Shares Up 63.4% Over Six Months
- Earnings Outlook Improvement: Agnico Eagle Mines has seen its stock rise 63.4% over the past six months, outperforming the Zacks Mining - Gold industry’s 85.9% gain, reflecting market optimism regarding its Q4 earnings estimates.
- Project Expansion and Acquisitions: The company is enhancing its market position through the Kittila expansion project and acquisitions like Hope Bay, along with the merger with Kirkland Lake Gold, which are expected to drive future production growth and cost savings.
- Enhanced Financial Flexibility: Agnico Eagle mitigates risks through prudent debt management and strategic diversification, while higher gold prices are anticipated to boost the company's margins, further strengthening its financial stability.
- Sustainable Growth Pipeline: The merged entity now possesses an extensive pipeline of development and exploration projects, ensuring potential for sustainable growth that aligns with industry demand for high-quality gold producers.
Continue Reading