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Kewaunee Scientific Reports Results for Third Quarter of Fiscal Year 2021

Kewaunee Scientific Reports Results for Third Quarter of Fiscal Year 2021 News provided by Share this article Share this article STATESVILLE, N.C., March 10, 2021 /PRNewswire/  Kewaunee Scientific Corporation (NASDAQ: KEQU) today reported results for its third quarter of fiscal year 2021, ended January 31, 2021. Sales for the quarter were $33,339,000, a 2.6% decrease from sales of $34,225,000 in the prior year third quarter. Pre-tax loss for the quarter was $718,000 compared to a loss of $2,251,000 for the prior year period.  Net earnings improved for the quarter to $81,000, or $0.03 per diluted share, as compared to a loss of $1,918,000, or ($0.70) per diluted share, for the quarter ended January 31, 2020.   A tax benefit in the amount of $989,000 was recorded in the period based on the provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act ( the Act ) signed into law on March 27, 2020.  The Act allows companies with a net operating loss arising in

Kewaunee Scientific Reports Results for Third Quarter of Fiscal Year 2021

Kewaunee Scientific Reports Results for Third Quarter of Fiscal Year 2021
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