Kewaunee Scientific, a laboratory furniture manufacturer, says net income dropped in the first quarter, because a major competitor left the market.

STATESVILLE, NC - Kewaunee Scientific Corp. (NASDAQ: KEQU) says D. Michael Parker, its Senior Vice President, Chief Financial Officer, Treasurer, and Secretary, has announced his plans to retire by the end of calendar year 2015, after a 25-year career with the architectural millwork and laboratory casegoods company.

Kewaunee Scientific Corporation (Nasdaq: KEQU) laboratory cabinetry firm's first quarter ended July 31, 2014 sales for the quarter were $30,534,000, as compared to sales of $32,003,000 in the first quarter last year.

Kewaunee Scientific Corp. has opened an assembly and distribution facility in China to capitalize on the growing Asian market for the company's healthcare and laboratory furniture. Located near Shanghai, the 10,000-square-foot facility will also serve as Kewaunee's China headquarters.

Kewaunee Scientific Corp. (NASDAQ: KEQU) says net earnings rose 26% in 2014, though sales fell 5% to $111.2 million, as a result of a ship date delay for a $5 million project by a large international client.

Kewaunee Scientific Corporation (NASDAQ: KEQU) today announced results for its fourth quarter and year ended April 30, 2014. Net earnings rose 26% in 2014.

Kewaunee Scientific Corporation announced that it had been awarded a turnkey contract of approximately $13 million for the prestigious New Shell Technology Centre in Bangalore, India.

Laboratory furnishings maker Kewaunee Scientific (NASDAQ: KEQU) says it plans expansion in the large and growing China research lab market. It will establish its China headquarters in Suzhou.

Kewaunee Scientific Corporation (NASDAQ: KEQU), which designs, manufactures, and installs laboratory, healthcare, and technical furniture products, plans for expansion in the large and growing China research laboratory market.

Kewaunee Scientific (Nasdaq: KEQU) says lab furniture sales fell third quarter, though it managed to eke out an increase in profits. International sales dropped 36%, but incoming orders from Asia and the Middle East are on the rise.