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Kewaunee Scientific reports Q1 sales down 6.7%, net earnings down 44.9%, but backlog rises to $169M.

Company Fundamentals
09 Sep 2026
PRNewsWire
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Bearish
Kewaunee Scientific reports Q1 sales down 6.7%, net earnings down 44.9%, but backlog rises to $169M.

Kewaunee Scientific's Q1 fiscal 2027 sales fell 6.7% to $66.3M, with net earnings dropping 44.9% to $1.7M compared to last year. Despite lower sales, the international segment saw a 23.5% rise in net earnings due to higher-margin projects. The company's backlog increased slightly to $169M, signaling ongoing demand. Management remains confident in long-term growth despite near-term market challenges and is focused on operational efficiencies and customer service.

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