KEQU Reports Y/Y Earnings Decline in Q3 Despite Strong Sales Growth
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Kewaunee Scientific (KEQU) reported a year-over-year earnings decline in Q3 despite a 43.6% increase in revenues. The decline in profits is attributed to higher expenses and costs related to the Nu Aire acquisition. The company's backlog has reached $221.6 million.
March 19, 2025 | 3:00 pm
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Kewaunee Scientific reported a decline in Q3 earnings despite strong sales growth, due to increased expenses and acquisition costs. The company's backlog is strong at $221.6 million.
The decline in earnings despite strong revenue growth suggests that the increased expenses and acquisition costs are significantly impacting profitability. This could lead to short-term negative sentiment among investors.
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