STATESVILLE, NC - Kewaunee Scientific (Nasdaq: KEQU) sales rose 27 percent to $27. 5 million in the third quarter, up 27 percent. Net earnings for third quarter were $544,000, versus a net loss of $122,000 in the third quarter last year.
Rising sales, including strong international sales, delivered the strong results from International operations, The order backlog was $84.5 million at the end of last month, up from about 10 percent/.
Domestic sales rose 19% to $20.5 million. The marketplace for privately-funded projects continued to hold up relatively well during the quarter, while opportunities for publicly-funded wood educational projects remained well below pre-recession levels, as state and local governments continued to receive significantly lower funding for capital projects. International sales for the quarter were $7 million, up 58 percent.
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