KEWAUNEE SCIENTIFIC CORP /DE/
KEQU · Laboratory Apparatus & Furniture · 2.9M shares · +2%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $155K (gross $2M, SBC $1M)
Reference price $37.50 · est. market cap ~$108M — last insider sale, 2026-01-07 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B73Lab-furniture leader posting top-quartile returns and strong growth following the Nu Aire acquisition.
Strengths
- Top-quartile ROE (17.7%, 75.5th pct) and ROA (5.9%, 80th pct)
- 18% sales growth, record $214.6M backlog and above-median operating margin (65th pct)
Risks
- Heavy customer concentration (~41% of sales via three channel partners)
- Thin cash (24.7th pct), added acquisition leverage including $23M seller notes, and low gross margin (30.5th pct)
Notable findings
- Insider sellingInsider selling — 3 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
28.5%
Operating margin
5.9%
Net margin
3.4%
Return on equity
12.9%
Return on assets
5.4%
ROIC
14.7%
Revenue growth (QoQ)
2.9%
Net-income growth
-15.7%
Debt / equity
0.2×
Net debt / EBITDA
0.2×
Current ratio
2.2×
EBITDA
$23M
Tangible book value
$46M
Cash & investments
$10M
Stock comp / revenue
0.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-01 | GEHL KEITH M | Grant | 2.0K | — |
| 2026-05-01 | Campbell John Jette | Grant | 2.0K | — |
| 2026-03-26 | PYLE MARGARET B | Gift | 2.8K | — |
| 2026-01-07 | HULL THOMAS DAVID III | Sell | 2.2K | $37.50 |
| 2026-01-06 | Gardner Donald T. III | Sell | 2.0K | $37.57 |
| 2025-12-31 | HULL THOMAS DAVID III | Sell | 629 | $37.66 |
| 2025-12-30 | HULL THOMAS DAVID III | Sell | 29 | $38.00 |
| 2025-12-29 | HULL THOMAS DAVID III | Sell | 884 | $38.01 |
| 2025-12-22 | HULL THOMAS DAVID III | Sell | 1.0K | $39.00 |
| 2025-12-17 | HULL THOMAS DAVID III | Sell | 1.0K | $39.00 |
| 2025-10-09 | Gardner Donald T. III | Sell | 3.0K | $42.76 |
| 2025-10-02 | Phillips Elizabeth D | Sell | 6.9K | $43.20 |
| 2025-10-02 | Phillips Elizabeth D | Sell | 3 | $44.20 |
| 2025-10-01 | HULL THOMAS DAVID III | Sell | 1.0K | $43.09 |
| 2025-09-29 | HULL THOMAS DAVID III | Sell | 1.9K | $43.42 |
| 2025-09-24 | HULL THOMAS DAVID III | Sell | 1.0K | $43.62 |
| 2025-09-23 | HULL THOMAS DAVID III | Sell | 721 | $44.00 |
| 2025-09-19 | HULL THOMAS DAVID III | Sell | 773 | $45.34 |
| 2025-09-18 | HULL THOMAS DAVID III | Sell | 652 | $46.00 |
| 2025-09-10 | Campbell John Jette | Grant | 690 | — |
| 2025-07-29 | PYLE MARGARET B | Gift | 325 | — |
| 2025-07-24 | Gardner Donald T. III | Sell | 2.1K | $58.34 |
| 2025-07-24 | Gardner Donald T. III | Sell | 904 | $59.18 |
| 2025-07-01 | Gardner Donald T. III | Tax withheld | 2.5K | $58.34 |
| 2025-07-01 | Batdorff Douglas J. | Tax withheld | 879 | $58.34 |
| 2025-07-01 | Ranade Mandar | Tax withheld | 1.3K | $58.34 |
| 2025-07-01 | Noble Ryan S. | Tax withheld | 939 | $58.34 |
| 2025-07-01 | HULL THOMAS DAVID III | Tax withheld | 3.5K | $58.34 |
| 2025-07-01 | Phillips Elizabeth D | Tax withheld | 1.2K | $58.34 |
| 2025-06-30 | Noble Ryan S. | Option exercise | 3.0K | — |
| 2025-06-30 | HULL THOMAS DAVID III | Option exercise | 12K | — |
| 2025-06-30 | Phillips Elizabeth D | Option exercise | 2.7K | — |
| 2025-06-30 | Ranade Mandar | Option exercise | 3.0K | — |
| 2025-06-30 | Gardner Donald T. III | Option exercise | 5.7K | — |
| 2025-06-30 | Batdorff Douglas J. | Option exercise | 3.1K | — |
| 2025-05-07 | GEHL KEITH M | Grant | 1.9K | — |
| 2025-05-07 | Russell John | Grant | 1.9K | — |
| 2025-05-07 | PYLE MARGARET B | Grant | 1.9K | — |
| 2025-04-14 | HULL THOMAS DAVID III | Sell | 1.8K | $32.44 |
| 2025-04-10 | Gardner Donald T. III | Sell | 1.0K | $35.18 |
| 2025-04-09 | Gardner Donald T. III | Sell | 734 | $36.79 |
| 2025-04-09 | Gardner Donald T. III | Sell | 2.3K | $38.06 |
| 2025-04-04 | GEHL KEITH M | Buy | 1.0K | $35.00 |
| 2025-03-26 | Gardner Donald T. III | Sell | 1 | $41.25 |
| 2025-03-26 | Gardner Donald T. III | Sell | 875 | $39.17 |
| 2025-03-26 | Gardner Donald T. III | Sell | 2.1K | $40.36 |
| 2025-03-24 | HULL THOMAS DAVID III | Sell | 2.2K | $45.46 |
| 2025-03-24 | HULL THOMAS DAVID III | Sell | 800 | $46.10 |
| 2025-03-24 | GEHL KEITH M | Buy | 500 | $45.00 |
| 2025-03-21 | HULL THOMAS DAVID III | Sell | 213 | $48.53 |
| 2025-03-18 | GEHL KEITH M | Buy | 403 | $49.00 |
| 2025-03-06 | PYLE MARGARET B | Gift | 740 | — |
| 2025-01-10 | HULL THOMAS DAVID III | Sell | 1.4K | $60.08 |
| 2025-01-10 | Gardner Donald T. III | Sell | 1.3K | $59.26 |
| 2024-12-30 | Batdorff Douglas J. | Sell | 3.5K | $65.50 |
| 2024-12-30 | Noble Ryan S. | Sell | 1.5K | $66.00 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-23 | ResultsExhibits | filing ↗ |
| 2026-06-10 | OtherExhibits | filing ↗ |
| 2026-03-11 | ResultsExhibits | filing ↗ |
| 2026-02-25 | OtherExhibits | filing ↗ |
| 2025-12-10 | ResultsExhibits | filing ↗ |
| 2025-12-04 | Material agreement1.02Debt obligationReg FDExhibits | filing ↗ |
| 2025-11-26 | OtherExhibits | filing ↗ |
| 2025-09-11 | Exec/director change5.03Exhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-K | 2026-06-26 | 2026-04-30 | 0000055529-26-000020 ↗ |
| 8-K | 2026-06-23 | 2026-06-23 | 0000055529-26-000017 ↗ |
| 8-K | 2026-06-10 | 2026-06-10 | 0000055529-26-000014 ↗ |
| 10-Q | 2026-03-13 | 2026-01-31 | 0000055529-26-000009 ↗ |
| 8-K | 2026-03-11 | 2026-03-11 | 0000055529-26-000006 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0000055529-26-000003 ↗ |
| 10-Q | 2025-12-12 | 2025-10-31 | 0000055529-25-000054 ↗ |
| 8-K | 2025-12-10 | 2025-12-10 | 0000055529-25-000051 ↗ |
| 8-K | 2025-12-04 | 2025-12-04 | 0000055529-25-000048 ↗ |
| 8-K | 2025-11-26 | 2025-11-26 | 0000055529-25-000044 ↗ |
| 10-Q | 2025-09-12 | 2025-07-31 | 0000055529-25-000040 ↗ |
| 8-K | 2025-09-11 | 2025-09-10 | 0000055529-25-000038 ↗ |