XNAS:KEQU Kewaunee Scientific Corp Quarterly Report 10-Q Filing - 7/31/2012

Effective Date 7/31/2012

XNAS:KEQU Fair Value Estimate
Premium
XNAS:KEQU Consider Buying
Premium
XNAS:KEQU Consider Selling
Premium
XNAS:KEQU Fair Value Uncertainty
Premium
XNAS:KEQU Economic Moat
Premium
XNAS:KEQU Stewardship
Premium
 
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 10-Q

 

 

 

    x     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended July 31, 2012

or

 

    ¨     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from          to         

Commission file number 0-5286

 

 

KEWAUNEE SCIENTIFIC CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   38-0715562

(State or other jurisdiction of

incorporation or organization)

 

(IRS Employer

Identification No.)

2700 West Front Street

Statesville, North Carolina

  28677-2927
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (704) 873-7202

 

 

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer   ¨    Accelerated filer   ¨
Non-accelerated filer   ¨  (Do not check if a smaller reporting company)    Smaller reporting company   x

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

As of September 10, 2012, the registrant had outstanding 2,587,271 shares of Common Stock.

 

 

 


Table of Contents

KEWAUNEE SCIENTIFIC CORPORATION

INDEX TO FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED JULY 31, 2012

 

     Page Number  
PART I. FINANCIAL INFORMATION   

Item 1.

   Financial Statements   
   Consolidated Statements of Operations (unaudited) – Three months ended July 31, 2012 and 2011      1   
  

Consolidated Statements of Comprehensive Income (unaudited) – Three months ended July 31, 2012 and 2011

     2   
   Consolidated Balance Sheets – July 31, 2012 (unaudited) and April 30, 2012      3   
   Consolidated Statements of Cash Flows (unaudited) – Three months ended July 31, 2012 and 2011      4   
   Notes to Consolidated Financial Statements      5   

Item 2.

   Management’s Discussion and Analysis of Financial Condition and Results of Operations      6   
   Review by Independent Registered Public Accounting Firm      8   
   Report of Independent Registered Public Accounting Firm      9   

Item 3.

   Quantitative and Qualitative Disclosures About Market Risk      10   

Item 4.

   Controls and Procedures      10   

PART II. OTHER INFORMATION

  

Item 6.

   Exhibits      11   

SIGNATURE

     12   

 

i


Table of Contents

Part 1. Financial Information

 

Item 1. Financial Statements

Kewaunee Scientific Corporation

Consolidated Statements of Operations

(Unaudited)

(in thousands, except per share data)

 

     Three months ended
July 31
 
     2012     2011  

Net Sales

   $ 26,683      $ 26,321   

Costs of products sold

     21,440        22,133   
  

 

 

   

 

 

 

Gross profit

     5,243        4,188   

Operating expenses

     4,138        3,955   
  

 

 

   

 

 

 

Operating earnings

     1,105        233   

Other income (expense)

     68        (1

Interest expense

     (114     (95
  

 

 

   

 

 

 

Earnings before income taxes

     1,059        137   

Income tax expense

     371        29   
  

 

 

   

 

 

 

Net earnings

     688        108   

Less: net earnings attributable to the noncontrolling interest

     54        86   
  

 

 

   

 

 

 

Net earnings attributable to Kewaunee Scientific Corporation

   $ 634      $ 22   
  

 

 

   

 

 

 

Net earnings per share attributable to Kewaunee Scientific Corporation stockholders

    

Basic

   $ 0.25      $ 0.01   

Diluted

   $ 0.25      $ 0.01   

Weighted average number of common shares outstanding

    

Basic

     2,581        2,579   

Diluted

     2,584        2,580   

See accompanying notes to consolidated financial statements.

 

1


Table of Contents

Kewaunee Scientific Corporation

Consolidated Statements of Comprehensive Income

(Unaudited)

(in thousands)

 

     Three months ended
July  31
 
     2012     2011  

Net earnings

   $ 688      $ 108   
  

 

 

   

 

 

 

Other comprehensive income (loss), net of tax:

    

Foreign currency translation adjustments

     (136     44   

Change in fair value of cash flow hedge

     (12     (55
  

 

 

   

 

 

 

Other comprehensive income (loss)

     (148     (11
  

 

 

   

 

 

 

Comprehensive income

     540        97   

Less: comprehensive income attributable to the noncontrolling interest

     54        86   
  

 

 

   

 

 

 

Comprehensive income attributable to Kewaunee Scientific Corporation

   $ 486      $ 11   
  

 

 

   

 

 

 

See accompanying notes to consolidated financial statements.

 

2


Table of Contents

Kewaunee Scientific Corporation

Consolidated Balance Sheets

(in thousands)

 

     July 31,
2012
    April 30,
2012
 
     (Unaudited)        

Assets

    

Current Assets:

    

Cash and cash equivalents

   $ 7,720      $ 6,188   

Restricted cash

     653        704   

Receivables, less allowance

     22,542        23,244   

Inventories

     11,717        11,760   

Deferred income taxes

     716        713   

Prepaid expenses and other current assets

     1,501        989   
  

 

 

   

 

 

 

Total Current Assets

     44,849        43,598   

Property, plant and equipment, at cost

     43,969        43,556   

Accumulated depreciation

     (28,847     (28,210
  

 

 

   

 

 

 

Net Property, Plant and Equipment

     15,122        15,346   

Deferred income taxes

     1,690        1,656   

Other

     3,529        3,536   
  

 

 

   

 

 

 

Total Other Assets

     5,219        5,192   
  

 

 

   

 

 

 

Total Assets

   $ 65,190      $ 64,136   
  

 

 

   

 

 

 

Liabilities and Equity

    

Current Liabilities:

    

Short-term borrowings

   $ 6,501      $ 6,816   

Current obligations under capital leases

     15        36   

Current portion of long-term debt

     200        200   

Accounts payable

     8,769        8,848   

Employee compensation and amounts withheld

     1,927        1,304   

Deferred revenue

     1,502        1,362   

Other accrued expenses

     1,898        1,674   
  

 

 

   

 

 

 

Total Current Liabilities

     20,812        20,240   

Long-term debt

     3,417        3,467   

Accrued employee benefit plan costs

     8,994        8,771   
  

 

 

   

 

 

 

Total Liabilities

     33,223        32,478   

Commitments and Contingencies

    

Equity:

    

Common Stock

     6,550        6,550   

Additional paid-in-capital

     1,400        1,341   

Retained earnings

     29,594        29,218   

Accumulated other comprehensive loss

     (7,324     (7,176

Common stock in treasury, at cost

     (385     (422
  

 

 

   

 

 

 

Total Kewaunee Scientific Corporation Stockholders’ Equity

     29,835        29,511   

Noncontrolling interest

     2,132        2,147   
  

 

 

   

 

 

 

Total Equity

     31,967        31,658   
  

 

 

   

 

 

 

Total Liabilities and Equity

   $ 65,190      $ 64,136   
  

 

 

   

 

 

 

See accompanying notes to consolidated financial statements.

 

3


Table of Contents

Kewaunee Scientific Corporation

Consolidated Statements of Cash Flows

(Unaudited)

(in thousands)

 

     Three months ended
July  31
 
     2012     2011  

Cash flows from operating activities:

    

Net earnings

   $ 688      $ 108   

Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:

    

Depreciation

     658        677   

Bad debt provision

     25        6   

Provision for deferred income tax expense

     (37     (62

Decrease in receivables

     677        58   

Decrease in inventories

     43        205   

Increase (decrease) in accounts payable and other accrued expenses

     768        (1,315

Increase in deferred revenue

     140        343   

Other, net

     (232     (907
  

 

 

   

 

 

 

Net cash provided by (used in) operating activities

     2,730        (887

Cash flows from investing activities:

    

Capital expenditures

     (434     (304

Decrease (increase) in restricted cash

     51        (355
  

 

 

   

 

 

 

Net cash used in investing activities

     (383     (659

Cash flows from financing activities:

    

Dividends paid

     (258     (258

(Decrease) increase in short-term borrowings

     (315     2,084   

Payments on long-term debt

     (50     (50

Payments on capital leases

     (21     (20

Net proceeds from exercise of stock options (including tax benefit)

     32        —     
  

 

 

   

 

 

 

Net cash (used in) provided by financing activities

     (612     1,756   

Effect of exchange rate changes on cash

     (203     40   
  

 

 

   

 

 

 

Increase in cash and cash equivalents

     1,532        250   

Cash and cash equivalents, beginning of period

     6,188        2,402   
  

 

 

   

 

 

 

Cash and cash equivalents, end of period

   $ 7,720      $ 2,652   
  

 

 

   

 

 

 

See accompanying notes to consolidated financial statements.

 

4


Table of Contents

Kewaunee Scientific Corporation

Notes to Consolidated Financial Statements

(unaudited)

A. Financial Information

The unaudited interim consolidated financial statements of Kewaunee Scientific Corporation (the “Company” or “Kewaunee”) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “Commission”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted, although the Company believes that the disclosures are adequate to make the information presented not misleading.

These interim consolidated financial statements include all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of these financial statements and should be read in conjunction with the consolidated financial statements and notes included in the Company’s 2012 Annual Report to Stockholders. The results of operations for the interim periods are not necessarily indicative of the results of operations to be expected for the full year. The condensed consolidated balance sheet as of April 30, 2012 included in this interim period filing has been derived from the audited financial statements at that date, but does not include all of the information and related notes required by generally accepted accounting principles (GAAP) for complete financial statements.

The preparation of the interim consolidated financial statements requires management to make certain estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates.

B. Inventories

Inventories consisted of the following (in thousands):

 

     July 31, 2012      April 30, 2012  

Finished products

   $ 3,233       $ 3,570   

Work in process

     1,944         1,831   

Raw materials

     6,540         6,359   
  

 

 

    

 

 

 
   $ 11,717       $ 11,760   
  

 

 

    

 

 

 

For interim reporting, LIFO inventories are computed based on year-to-date quantities and interim changes in price levels. Changes in quantities and price levels are reflected in the interim consolidated financial statements in the period in which they occur.

C. Segment Information

The following table provides financial information by business segments for the three months ended July 31, 2012 and 2011 (in thousands):

 

     Domestic
Operations
     International
Operations
     Corporate     Total  

Three months ended July 31, 2012

          

Revenues from external customers

   $ 22,629       $ 4,054       $ —        $ 26,683   

Intersegment revenues

     730         504         (1,234     —     

Operating earnings (loss) before income taxes

     1,884         246         (1,071     1,059   

Three months ended July 31, 2011

          

Revenues from external customers

   $ 23,396       $ 2,925       $ —        $ 26,321   

Intersegment revenues

     273         172         (445     —     

Operating earnings (loss) before incomes taxes

     717         243         (823     137   

D. Defined Benefit Pension Plans

The Company has non-contributory defined benefit pension plans covering substantially all salaried and hourly employees. These plans were amended as of April 30, 2005, no further benefits have been, or will be, earned under the plans, subsequent to the amendment date, and no additional participants will be added to the plans. The Company did not make any contributions to the plans during the three months ended July 31, 2012. The Company expects to make contributions in the amount of $1.0 million to the plans in fiscal year 2013. Contributions of $402,000 were made during the three months ended July 31, 2011.

 

5


Table of Contents

Pension expense consisted of the following (in thousands):

 

     Three months ended
July 31, 2012
    Three months ended
July  31, 2011
 

Service cost

   $ -0   $ -0

Interest cost

     227        235   

Expected return on plan assets

     (302     (326

Recognition of net loss

     275        179   
  

 

 

   

 

 

 

Net periodic pension expense

   $ 200      $ 88   
  

 

 

   

 

 

 

E. Earnings Per Share

Basic earnings per share is based on the weighted average number of common shares outstanding during the three month period. Diluted earnings per share reflects the assumed exercise and conversion of outstanding options under the Company’s stock option plans, except when options have an anti-dilutive effect. Options to purchase shares of 237,675 and 265,300 were not included in the computation of diluted earnings per share for the three month periods ended July 31, 2012 and 201, respectively, because the option exercise prices were greater than the average market price of the common shares at that date, and accordingly, such options would have an antidilutive effect.

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The Company’s 2012 Annual Report to Stockholders contains management’s discussion and analysis of financial condition and results of operations at and for the year ended April 30, 2012. The following discussion and analysis describes material changes in the Company’s financial condition since April 30, 2012. The analysis of results of operations compares the three months ended July 31, 2012 with the comparable period of the prior year.

Results of Operations

Sales for the three months ended July 31, 2012 were $26,683,000, an increase from sales of $26,321,000 in the comparable period of the prior year. Sales from Domestic Operations were $22,629,000, down from sales of $23,396,000 in the comparable period of the prior year. The lower domestic sales dollars were expected as part of a strategy underway by the Company to sell more laboratory projects through its strengthened and expanded dealer network. This resulted in increased sales of manufactured products, but lower overall sales, as the dealers provided the related project management, installation, and other service activities, which are typically less profitable for the Company. Sales from International Operations were $4,054,000, up from sales of $2,925,000 in the comparable period of the prior year. The increase was primarily due to the Company’s strengthened and expanded international dealer network.

The order backlog was $86.7 million at July 31, 2012, as compared to $86.2 million at April 30, 2012 and $69.7 million at July 31, 2011.

The gross profit margin for the three months ended July 31, 2012 was 19.6% of sales, as compared to 15.9% of sales in the comparable period of the prior year. The increase in the gross profit margin percentages was primarily due to a favorable product mix in the current year period resulting from increased sales of manufactured products and decreased sales of less profitable project management, installation, and other service activities.

Operating expenses for the three months ended July 31, 2012 were $4,138,000, or 15.5% of sales, as compared to $3,955,000, or 15.0% of sales, in the comparable period of the prior year. The increase in expenses in the current year period was primarily due to an increase in expense of $112,000 related to the Company’s frozen pension plans.

Interest expense was $114,000 for the three months ended July 31, 2012, as compared to $95,000 for the comparable period of the prior year. The increase for the current year period resulted from slightly higher borrowing interest rates in the current year period.

Income tax expense of $371,000 was recorded for the three months ended July 31, 2012, as compared to income tax expense of $29,000 recorded for the comparable period of the prior year. The effective tax rate was 35.0% for the three months ended July 31, 2012, and was 21.2% for the comparable period of the prior year. The higher effective tax rate for the current year period resulted primarily from a much lower ratio of pretax earnings in the current period attributable to subsidiaries located in geographic locations with lower income tax rates.

Noncontrolling interests related to the Company’s two subsidiaries that are not 100% owned by the Company reduced net earnings by $54,000 for the three months ended July 31, 2012, as compared to a reduction of $86,000 for the comparable period of the prior year. The decrease in the current year period was directly related to lower earnings of the Company’s two subsidiaries in the current year.

Net earnings were $634,000, or $0.25 per diluted share, for the three months ended July 31, 2012. This compares to net earnings of $22,000, or $0.01 per diluted share, for the comparable period of the prior year.

 

6


Table of Contents

Liquidity and Capital Resources

Historically, the Company’s principal sources of liquidity have been funds generated from operations, supplemented as needed by short-term borrowings under the Company’s revolving credit facility. Additionally, certain machinery and equipment are financed from time to time by non-cancellable operating leases or capital leases. The Company believes that these sources will be sufficient to support ongoing business requirements, including capital expenditures through the current fiscal year.

The Company had working capital of $24,037,000 at July 31, 2012 compared to $23,358,000 at April 30, 2012. The ratio of current assets to current liabilities was 2.2-to-1.0 at July 31, 2012 and April 30, 2012. At July 31, 2012, advances of $6,501,000 were outstanding under the Company’s $15,000,000 bank revolving credit facility, as compared to advances of $6,816,000 outstanding as of April 30, 2012.

The Company’s operations provided cash of $2,730,000 during the three months ended July 31, 2012. Cash was primarily provided from earnings, a decrease in accounts receivable of $677,000 and an increase in accounts payable and other accrued expenses of $768,000. The Company’s operations used cash of $887,000 during the three months ended July 31, 2011, as cash provided from earnings was offset by a decrease of $1,315,000 in accounts payable and other accrued expenses.

During the three months ended July 31, 2012, net cash of $383,000 was used in investing activities, primarily for capital expenditures. This compares to $659,000 used for investing activities during the three months ended July 31, 2011.

The Company’s financing activities used cash of $612,000 during the three months ended July 31, 2012, primarily for repayment of short-term borrowings of $315,000 and cash dividends of $258,000 paid to stockholders. Financing activities provided cash of $1,756,000 during the three months ended July 31, 2011, primarily from an increase in short-term borrowings of $2,084,000, partially offset by cash dividends of $258,000 paid to stockholders.

Outlook

The Company’s ability to predict future demand for its products continues to be limited given its role as subcontractor or supplier to dealers for subcontractors. Demand for the Company’s products is also dependent upon the number of laboratory construction projects planned and/or current progress in projects already under construction. The Company’s earnings are also impacted by increased costs of raw materials, including stainless steel, wood, and epoxy resin, and whether the Company is able to increase product prices to customers in amounts that correspond to such increases without materially and adversely affecting sales. Additionally, since prices are normally quoted on a firm basis in the industry, the Company bears the burden of possible increases in labor and material costs between the quotation of an order and delivery of a product. The Company is also unable to predict the timing and strength of the global economic recovery and its short-term and long-term impact on its operations and the markets in which it competes.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Certain statements in this report constitute “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could significantly impact results or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, economic, competitive, governmental, and technological factors affecting the Company’s operations, customer changes to product designs, customer changes to delivery dates, markets, products, services, and prices, as well as prices for certain raw materials and energy. The cautionary statements made pursuant to the Reform Act herein and elsewhere by the Company should not be construed as exhaustive. The Company cannot always predict what factors would cause actual results to differ materially from those indicated by the forward-looking statements. In addition, readers are urged to consider statements that include the terms “believes”, “belief”, “expects”, “plans”, “objectives”, “anticipates”, “intends” or the like to be uncertain and forward-looking. Over time, the Company’s actual results, performance or achievements will likely differ from the anticipated results, performance or achievements that are expressed or implied by the Company’s forward-looking statements, and such difference might be significant and harmful to stockholders’ interests. Many important factors that could cause such a difference are described under the caption “Risk Factors,” in Item 1A of the Company’s 2012 Annual Report on Form 10-K.

 

7


Table of Contents

REVIEW BY INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

A review of the interim consolidated financial information included in this Quarterly Report on Form 10-Q for each of the three month periods ended July 31, 2012 and July 31, 2011 has been performed by Cherry, Bekaert & Holland, L.L.P., the Company’s independent registered public accounting firm. Their report on the interim consolidated financial information follows.

 

8


Table of Contents

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We have reviewed the accompanying consolidated balance sheet of Kewaunee Scientific Corporation and its subsidiaries (the “Company”) as of July 31, 2012, the related consolidated statements of operations, and comprehensive income for the three-month periods ended July 31, 2012 and 2011 and the related consolidated statements of cash flows for the three-month periods ended July 31, 2012 and 2011. These interim consolidated financial statements are the responsibility of the Company’s management.

We conducted our reviews in accordance with the standards of the Public Company Accounting Oversight Board (United States). A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States), the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our reviews, we are not aware of any material modifications that should be made to the interim consolidated financial statements referred to above for them to be in conformity with accounting principles generally accepted in the United States of America.

We previously audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheet as of April 30, 2012, and the related consolidated statements of operations, comprehensive income and stockholders’ equity, and cash flows for the year then ended (not presented herein) and in our report dated July 13, 2012, we expressed an unqualified opinion on those consolidated financial statements. In our opinion, the information set forth in the accompanying consolidated balance sheet as of April 30, 2012 is fairly stated in all material respects in relation to the consolidated financial statement from which it has been derived.

 

/s/ Cherry, Bekaert & Holland, L.L.P.

Charlotte, North Carolina

September 13, 2012

 

9


Table of Contents
Item 3. Quantitative and Qualitative Disclosures About Market Risk

There are no material changes to the disclosures made on this matter in the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2012.

 

Item 4. Controls and Procedures

(a) Evaluation of disclosure controls and procedures

An evaluation was performed under the supervision and with the participation of the Company’s management, including the Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) as of July 31, 2012. Based on that evaluation, the Company’s management, including the CEO and CFO, concluded that, as of July 31, 2012, the Company’s disclosure controls and procedures were adequate and effective and designed to ensure that all material information required to be filed in this quarterly report is made known to them by others within the Company and its subsidiaries.

(b) Changes in internal controls

There was no significant change in the Company’s internal control over financial reporting that occurred during the most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

 

10


Table of Contents

PART II. OTHER INFORMATION

 

Item 6. Exhibits

 

    3.0   ByLaws of the Company as amended August 22, 2012. (1)
  10.1   Kewaunee Scientific Corporation Fiscal Year 2013 Incentive Bonus Plan. *(2)
  10.2   Amendment No. 2 to Amended and Restated Loan and Security Agreement dated as of August 3, 2012. (1)
  31.1   Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
  31.2   Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
  32.1   Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
  32.2   Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS   XBRL Instance Document
101.SCH   XBRL Taxonomy Extension Schema Document
101.CAL   XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB   XBRL Taxonomy Extension Label Linkbase Document
101.PRE   XBRL Taxonomy Extension Presentation Linkbase Document

 

* The referenced exhibit is a management contract or compensatory plan or arrangement.
(1) Filed as an exhibit to the Kewaunee Scientific Corporation Current Report on Form 8-K (Commission File No. 0-5286) filed on August 27, 2012, and incorporated herein by reference.
(2) Filed as an exhibit to the Kewaunee Scientific Corporation Current Report on Form 8-K (Commission File No. 0-5286) filed on June 29, 2012, and incorporated herein by reference.

 

11


Table of Contents

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

   

KEWAUNEE SCIENTIFIC CORPORATION

                        (Registrant)

Date: September 14, 2012     By  

/s/ D. Michael Parker

     

D. Michael Parker

(As duly authorized officer and Senior Vice President, Finance and Chief Financial Officer)

 

12

XNAS:KEQU Kewaunee Scientific Corp Quarterly Report 10-Q Filling

Kewaunee Scientific Corp XNAS:KEQU Stock - Get Quarterly Report SEC Filing of Kewaunee Scientific Corp XNAS:KEQU stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNAS:KEQU Kewaunee Scientific Corp Quarterly Report 10-Q Filing - 7/31/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Popularity |  Our Choices Title |  Date |  Company |  Symbol |  Interest |  Popularity

Previous: XNAS:KEQU Kewaunee Scientific Corp Quarterly Report 10-Q Filing - 1/31/2012  |  Next: XNAS:KEQU Kewaunee Scientific Corp Quarterly Report 10-Q/A Filing - 7/31/2012