# Kewaunee Scientific Corporation (KEQU)

> Source: Nexqual · https://nexqual.com/KEQU · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Kewaunee Scientific Corporation (KEQU), nexqual.com/KEQU" · informational, not investment advice.

**Price:** USD 32.79 (+1.27% on the day) · last close of Oct 23, 2026; US market after hours, not a live price. Prev close 32.38 · day 32.2–32.79 · 52w 32–46.57 · market cap $94.9M · NGM

## Key facts
- Last four reported quarters (through Jul 31, 2026): revenue $277M, net income $8.2M (3.0% margin), free cash flow $10.9M (SEC filings).
- Valuation: P/E 11.5x (avg 8.5x at the last 3 fiscal year-ends), EV/EBITDA 4.9x, net debt $10.6M.
- Total return with dividends: 1Y -27.7% vs S&P 500 +13.4%; 5Y +156.2% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $169M | $219M | $204M | $240M | $282M | $277M |
| Gross profit | $24.2M | $35.6M | $52.1M | $68.9M | $80.4M | — |
| Operating income | -$2.6M | $5.4M | $18.3M | $17.8M | $16.7M | $15.1M |
| Net income | -$6.1M | $738K | $18.8M | $11.4M | $9.6M | $8.2M |
| EPS (diluted) | -$2.20 | $0.25 | $6.38 | $3.83 | $3.22 | — |
| Free cash flow | -$9.8M | -$7.9M | $15.2M | $12.6M | $14.7M | $10.9M |
| Gross margin | 14.3% | 16.2% | 25.5% | 28.6% | 28.5% | — |
| Operating margin | -1.5% | 2.4% | 9.0% | 7.4% | 5.9% | 5.4% |
| Net margin | -3.6% | 0.3% | 9.2% | 4.7% | 3.4% | 3.0% |
| Revenue growth | +14.5% | +30.0% | -7.2% | +18.0% | +17.3% | — |
| Cash + short-term investments | $4.4M | $8.1M | $23.3M | $14.9M | $9.9M | — |
| Total debt | — | — | $3.1M | $37.7M | $20.1M | — |
Fiscal years end Apr. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/E 11.5x · P/S 0.3x · EV/EBITDA 4.9x · EV/Sales 0.4x · P/FCF 8.7x · P/B 1.3x · FCF yield 11.46% · Earnings yield 8.67% · Net debt $10.6M · EV $106M
P/E at fiscal year-ends: Apr 2026 11.5x, Apr 2025 8.3x, Apr 2024 5.6x.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -27.7% | +156.2% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -27.8% | +20.7% |
| Volatility (annualized) | 34.7% | 48.1% |
| Max drawdown | -29.2% (Oct 2025→Oct 2026) | -52.3% (Feb 2025→Apr 2025) |

## Peers (Furnishings, Fixtures & Appliances)
FLXS (Flexsteel Industries, Inc.) USD 84.18 -0.94% · HBB (Hamilton Beach Brands Holding C) USD 33.19 -0.60% · ETD (Ethan Allen Interiors Inc.) USD 20.45 -1.64% · XMAX (XMAX, Inc.) USD 8.66 -1.03% · LZB (La-Z-Boy Incorporated) USD 29.98 -1.38% · MLKN (MillerKnoll, Inc.) USD 21.14 -2.49%

## More
Full page: https://nexqual.com/KEQU · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| LPG | $50.9M | 76.7% | -6.4% |
| International | $15.5M | 23.3% | -7.8% |
| Total revenue | $66.3M | 100% | — |

## Company outlook (8-K filed 2026-09-09)

- "The Company assumes no obligation, and expressly disclaims any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2019-07-31) | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends 2020-04-30) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |