New insider activity at Kewaunee Scientific ( (KEQU) ) has taken place on March 29, 2025.
CFO Donald T. III Gardner recently sold 3,000 shares of Kewaunee Scientific stock, generating a total of $120,039 from the transaction.
Recent Updates on KEQU stock
Kewaunee Scientific reported significant sales growth in its Q3 earnings, primarily driven by the acquisition of Nu Aire, Inc., which bolstered its strategic expansion and operational performance. Sales increased by 43.6% to $67.2 million, although pre-tax earnings fell by 63.7% due to acquisition-related costs. Adjusted metrics showed improvement, with a 7.8% rise in adjusted pre-tax earnings and a significant increase in adjusted EBITDA. The domestic segment saw a 63.6% sales increase, while international sales grew by 1.2%, despite challenges from customer site delays. The company’s order backlog reached $221.6 million, indicating strong demand. Additionally, Kewaunee amended its share repurchase program, authorizing the repurchase of up to an additional 100,000 shares, reflecting confidence in its future growth prospects.
More about Kewaunee Scientific
YTD Price Performance: -32.18%
Average Trading Volume: 27,985
Technical Sentiment Signal: Sell
Current Market Cap: $121.3M