Kewaunee Scientific sales of lab furniture rose 20 percent
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STATESVILLE, N.C. - Kewaunee Scientific (Nasdaq: KEQU) sales for the first quarter rose 20 percent, to $37.3 million. The laboratory millwork and cabinetry firm's domestic sales, which are most of its business, grew 22 percent, to $29.6 million. International sales, services from Kewanuee's plant in India, grew 13 percent, to $7.6 million.  

Net earnings were up 38 percent to $1.3 million.

Both Domestic and International sales were strong during the quarter, as the Kewaunee sold laboratory furniture and scientific equipment around the globe, including   a large order in the Middle East that was partially delivered in the first quarter of fiscal 2017.

The order backlog was $86.2 million at July 31, 2016, even with the 2015 figure but lower than the $100.5 million in April 30, 2016.  Kewanaunee says it is currently competing for a number of large projects that, if won, would significantly strengthen the current order backlog.

"We had a very strong first quarter with our Domestic and International businesses posting strong year-over-year sales growth," said David M. Rausch, Kewaunee CEO, and said the business is "benefiting from ongoing productivity improvements and cost reduction programs. Looking forward, I remain optimistic that sales will continue to increase in fiscal year 2017. 


Founded in 1906, Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture products. Products include steel, wood, and laminate casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin worksurfaces and sinks.

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Bill Esler | ConfSenior Editor

Bill wrote for WoodworkingNetwork.com, FDMC and Closets & Organized Storage magazines. 

Bill's background includes more than 10 years in print manufacturing management, followed by more than 30 years in business reporting on industrial manufacturing in the forest products industries, including printing and packaging at American Printer (Features Editor) and Graphic Arts Monthly (Editor in Chief) magazines; and in secondary wood manufacturing for WoodworkingNetwork.com.

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In addition to his work as a journalist, Bill supports efforts to expand and improve educational opportunities in the manufacturing sectors, including 10 years on the Print & Graphics Scholarship Foundation; six years with the U.S. WoodLinks; and currently on the Woodwork Career Alliance Education Committee. He is also supports the Greater West Town Training Partnership Woodworking Program, which has trained more than 950 adults for industrial wood manufacturing careers. 

Bill volunteers for Foinse Research Station, a biological field station staddling the border of Ireland and Northern Ireland, one of more than 200 members of the Organization of Biological Field Stations.