$KEQU
KEWAUNEE SCIENTIFIC CORP /DE/

2017 Q4 Form 10-Q Financial Statement

#000119312517370761 Filed on December 15, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4
Revenue $41.47M $36.33M
YoY Change 14.15% 17.05%
Cost Of Revenue $33.56M $29.23M
YoY Change 14.83% 14.59%
Gross Profit $7.911M $7.104M
YoY Change 11.36% 28.42%
Gross Profit Margin 19.08% 19.55%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $710.0K $650.0K
YoY Change 9.23% 6.56%
% of Gross Profit 8.97% 9.15%
Operating Expenses $5.256M $4.816M
YoY Change 9.14% 9.38%
Operating Profit $2.655M $2.288M
YoY Change 16.04% 102.66%
Interest Expense $89.00K $78.00K
YoY Change 14.1% 27.87%
% of Operating Profit 3.35% 3.41%
Other Income/Expense, Net $180.0K $120.0K
YoY Change 50.0% 33.33%
Pretax Income $2.743M $2.329M
YoY Change 17.78% 101.99%
Income Tax $978.0K $792.0K
% Of Pretax Income 35.65% 34.01%
Net Earnings $1.724M $1.486M
YoY Change 16.02% 113.81%
Net Earnings / Revenue 4.16% 4.09%
Basic Earnings Per Share $0.64 $0.55
Diluted Earnings Per Share $0.62 $0.54
COMMON SHARES
Basic Shares Outstanding 2.717M shares 2.706M shares
Diluted Shares Outstanding 2.776M shares 2.729M shares

Balance Sheet

Concept 2017 Q4 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.79M $7.580M
YoY Change 55.54% 131.8%
Cash & Equivalents $11.79M $7.579M
Short-Term Investments
Other Short-Term Assets $3.280M $2.670M
YoY Change 22.85% -30.1%
Inventory $16.44M $16.79M
Prepaid Expenses
Receivables $33.25M $29.04M
Other Receivables $0.00 $0.00
Total Short-Term Assets $64.76M $56.08M
YoY Change 15.47% 13.51%
LONG-TERM ASSETS
Property, Plant & Equipment $14.06M $14.58M
YoY Change -3.55% 0.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.943M $3.459M
YoY Change 13.99% -7.27%
Total Long-Term Assets $21.11M $21.47M
YoY Change -1.69% 3.29%
TOTAL ASSETS
Total Short-Term Assets $64.76M $56.08M
Total Long-Term Assets $21.11M $21.47M
Total Assets $85.87M $77.55M
YoY Change 10.72% 10.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.36M $10.82M
YoY Change 32.74% 12.09%
Accrued Expenses $5.760M $5.560M
YoY Change 3.6% 35.61%
Deferred Revenue
YoY Change
Short-Term Debt $7.710M $6.720M
YoY Change 14.73% 21.52%
Long-Term Debt Due $1.167M $421.0K
YoY Change 177.2% 0.0%
Total Short-Term Liabilities $30.51M $24.64M
YoY Change 23.82% 20.78%
LONG-TERM LIABILITIES
Long-Term Debt $1.850M $3.140M
YoY Change -41.08% -11.8%
Other Long-Term Liabilities $8.190M $9.030M
YoY Change -9.3% -7.57%
Total Long-Term Liabilities $10.04M $12.17M
YoY Change -17.5% -8.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.51M $24.64M
Total Long-Term Liabilities $10.04M $12.17M
Total Liabilities $40.55M $36.81M
YoY Change 10.18% 9.13%
SHAREHOLDERS EQUITY
Retained Earnings $41.78M $38.86M
YoY Change 7.52% 9.9%
Common Stock $9.670M $9.334M
YoY Change 3.6% 3.97%
Preferred Stock
YoY Change
Treasury Stock (at cost) $53.00K $53.00K
YoY Change 0.0% 0.0%
Treasury Stock Shares 3.000K shares 3.000K shares
Shareholders Equity $45.52M $40.36M
YoY Change
Total Liabilities & Shareholders Equity $85.87M $77.55M
YoY Change 10.72% 10.48%

Cashflow Statement

Concept 2017 Q4 2016 Q4
OPERATING ACTIVITIES
Net Income $1.724M $1.486M
YoY Change 16.02% 113.81%
Depreciation, Depletion And Amortization $710.0K $650.0K
YoY Change 9.23% 6.56%
Cash From Operating Activities -$2.640M $2.390M
YoY Change -210.46% 602.94%
INVESTING ACTIVITIES
Capital Expenditures -$1.000M -$700.0K
YoY Change 42.86% -11.39%
Acquisitions
YoY Change
Other Investing Activities $40.00K -$20.00K
YoY Change -300.0% -106.9%
Cash From Investing Activities -$950.0K -$720.0K
YoY Change 31.94% 44.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.400M -710.0K
YoY Change -578.87% -212.7%
NET CHANGE
Cash From Operating Activities -2.640M 2.390M
Cash From Investing Activities -950.0K -720.0K
Cash From Financing Activities 3.400M -710.0K
Net Change In Cash -190.0K 960.0K
YoY Change -119.79% 104.26%
FREE CASH FLOW
Cash From Operating Activities -$2.640M $2.390M
Capital Expenditures -$1.000M -$700.0K
Free Cash Flow -$1.640M $3.090M
YoY Change -153.07% 173.45%

Facts In Submission

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-1055000
us-gaap Other Income
OtherIncome
345000
us-gaap Payments Of Dividends
PaymentsOfDividends
868000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
74000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1437000
us-gaap Profit Loss
ProfitLoss
2957000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
8000
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
28476000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
45000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
334000
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
24356000
us-gaap Reclassifications
Reclassifications
<div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> J. <u>Reclassifications</u></p> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Certain 2016 amounts have been reclassified to conform to the 2017 presentation in the consolidated statements of cash flows. Such reclassifications had no impact on net earnings.</p> </div>
us-gaap Revenues
Revenues
75352000
us-gaap Sales Revenue Net
SalesRevenueNet
75352000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
15741 shares
dei Trading Symbol
TradingSymbol
KEQU
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2766000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2715000 shares
CY2016Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
45200 shares
CY2016Q4 us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
14000
CY2016Q4 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
51000
CY2016Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1357000
CY2016Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1408000
CY2016Q4 us-gaap Cost Of Goods Sold
CostOfGoodsSold
29225000
CY2016Q4 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
311000
CY2016Q4 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
0
CY2016Q4 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
232000
CY2016Q4 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
239000
CY2016Q4 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-318000
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2016Q4 us-gaap Gross Profit
GrossProfit
7104000
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2329000
CY2016Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
792000
CY2016Q4 us-gaap Interest Expense
InterestExpense
78000
CY2016Q4 us-gaap Operating Expenses
OperatingExpenses
4816000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
1486000
CY2016Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
51000
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
2288000
CY2016Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-129000
CY2016Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-143000
CY2016Q4 us-gaap Other Income
OtherIncome
119000
CY2016Q4 us-gaap Profit Loss
ProfitLoss
1537000
CY2016Q4 us-gaap Revenues
Revenues
36329000
CY2016Q4 us-gaap Sales Revenue Net
SalesRevenueNet
36329000
CY2016Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2729000 shares
CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2706000 shares
CY2017Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2017Q4 us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
10000
CY2017Q4 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
41000
CY2017Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1505000
CY2017Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1546000
CY2017Q4 us-gaap Cost Of Goods Sold
CostOfGoodsSold
33560000
CY2017Q4 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
317000
CY2017Q4 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
0
CY2017Q4 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
219000
CY2017Q4 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
185000
CY2017Q4 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-283000
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2017Q4 us-gaap Gross Profit
GrossProfit
7911000
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2743000
CY2017Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
978000
CY2017Q4 us-gaap Interest Expense
InterestExpense
89000
CY2017Q4 us-gaap Operating Expenses
OperatingExpenses
5256000
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
1724000
CY2017Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
41000
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
2655000
CY2017Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-219000
CY2017Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-229000
CY2017Q4 us-gaap Other Income
OtherIncome
177000
CY2017Q4 us-gaap Profit Loss
ProfitLoss
1765000
CY2017Q4 us-gaap Revenues
Revenues
41471000
CY2017Q4 us-gaap Sales Revenue Net
SalesRevenueNet
41471000
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2776000 shares
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2717000 shares

Files In Submission

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0001193125-17-370761.txt Edgar Link pending
0001193125-17-370761-xbrl.zip Edgar Link pending
d491796d10q.htm Edgar Link pending
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kequ-20171031_def.xml Edgar Link unprocessable
kequ-20171031_lab.xml Edgar Link unprocessable
kequ-20171031_pre.xml Edgar Link unprocessable
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