Sales fell 16% for Kewaunee Scientific, which builds lab furniture and architectural woodwork for commercial and academic customers. A strategy to move to dealer sales accounts for the drop, Kewaunee says.
Record sales of metal and wood cabinets, workstations and laboratory furniture helped Kewaunee Scientific Corp. (Nasdaq: KEQU) reach income and earnings records for its first quarter ended July 31, 2013.
Kewaunee Scientific Corporation announced that William A. Shumaker, Kewaunee's Chairman of the Board and Chief Executive Officer, will retire on June 30, 2013 after almost 20 years of service with the Company.
Kewaunee Scientific Corp., a manufacturer of laboratory furniture, reported record sales of $31,185,000 for the second quarter ended Oct. 31, up 20% from the same period a year ago. Both domestic and international sales saw increases.