kewaunee scientific cp (KEQU) Key Developments
Kewaunee Scientific Corp. to Amend Bylaws
May 5 15
On April 28, 2015, Kewaunee Scientific Corp. approved an amendment to Section 5.02 of the Bylaws of the company to increase the number of directors of the company's Board of Directors from eight to nine, subject to and effective immediately before Mr. Keith M. Gehl’s acceptance of his director position. The company expects to amend its Bylaws to reduce the number of directors from nine to eight following the resignation of Mr. Ross McCanless.
Kewaunee Scientific Corp., Board Meeting, Apr 28, 2015
May 5 15
Kewaunee Scientific Corp., Board Meeting, Apr 28, 2015.
Kewaunee Scientific Corp. Announces Board Changes
May 5 15
Kewaunee Scientific Corp. announced the election of Keith M. Gehl to its Board of Directors, effective April 29, 2015. The election of Mr. Gehl is in conjunction with Ross W. McCanless' notification to the Board of his intention to resign from the Board, effective May 29, 2015, due to his increased professional commitments. Upon his election, Mr. Gehl was also elected chair of the Audit Committee, a position currently held by Mr. McCanless. As part of a transition plan, Mr. McCanless will continue to serve as a member of the Audit Committee until May 29, 2015. Mr. Gehl served as Senior Vice President Real Estate and Facilities of Family Dollar Stores Inc. from 2003 until his retirement in 2013. From 1989 through 2003, Mr. Gehl held a number of management positions with Food Lion Inc.
Kewaunee Scientific Corporation Declares Quarterly Cash Dividend, Payable on March 27, 2015
Mar 4 15
Kewaunee Scientific Corporation announced its Board of Directors declared a quarterly cash dividend of 12 cents per outstanding share, payable on March 27, 2015 to stockholders of record at the close of business on March 13, 2015.
Kewaunee Scientific Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended January 31, 2015; Provides Earnings Guidance for the Fourth Quarter of Fiscal Year 2015
Mar 3 15
Kewaunee Scientific Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended January 31, 2015. For the quarter, the company reported net sales of USD 27,754,000, operating earnings of USD 584,000, earnings before income taxes of USD 627,000 and net earnings attributable to the company of USD 484,000 or USD 0.18 per diluted share as compared to net sales of USD 26,013,000, operating earnings of USD 938,000, earnings before income taxes of USD 917,000 and net earnings attributable to the company of USD 604,000 or USD 0.22 per diluted share for the same period prior year.
For the nine months, the company reported net sales of USD 88,546,000, operating earnings of USD 4,256,000, earnings before income taxes of USD 4,367,000 and net earnings attributable to the company of USD 2,920,000 or USD 1.10 per diluted share as compared to net sales of USD 84,114,000, operating earnings of USD 4,504,000, earnings before income taxes of USD 4,493,000 and net earnings attributable to the company of USD 2,916,000 or USD 1.11 per diluted share for the same period prior year.
The company expects that sales and earnings for the fourth quarter to improve over the third quarter and be in line with results for the fourth quarter last year.