By Chris Wack
Kewaunee Scientific shares rose after the company reported first-quarter earnings, after a loss in the same quarter last year.
Shares recently rose 13%, to $17.60. The stock hit its 52-week low of $14.56 on July 18, down 8% in the past 12 months.
The healthcare furniture maker had quarterly earnings of $2.5 million, or 86 cents a share, compared with a loss of $747,000, or 27 cents a share, in the same quarter last year.
Sales for the quarter came in at $49.8 million, compared with last year’s $50.1 million.
The company had an order backlog of $140.8 million on July 31, compared with $174 million last year.
Domestic sales were down 5.5% for the quarter, but international sales were up 14%.
Write to Chris Wack at [email protected]
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