Kewaunee Scientific Corporation (KEQU) Bundle
Ever wondered about the company behind the innovative laboratory designs and furniture you see in cutting-edge research facilities? Kewaunee Scientific Corporation (KEQU), with a market capitalization of $98.6 million as of April 10, 2025, has been a global leader in this specialized field for over a century, and in fiscal year 2024 delivered record financial results. But how exactly did they become a trusted name in equipping laboratories across diverse industries, and what's the secret to their enduring success? Keep reading to discover the rich history, ownership structure, and the unique way Kewaunee Scientific operates and generates revenue.
Kewaunee Scientific Corporation (KEQU) History
Kewaunee Scientific Corporation Founding Timeline
Year established
The company was established in 1906.
Original location
The company was originally located in Kewaunee, Wisconsin.
Founding team members
The founding team consisted of J.A. Petterson and A.M. Peterson.
Initial capital/funding
Initially capitalized with $6,000.
Kewaunee Scientific Corporation Evolution Milestones
| Year | Key Event | Significance |
|---|---|---|
| 1906 | Established as Kewaunee Manufacturing Company | Focused on producing wood laboratory furniture. |
| 1915 | Relocated to Adrian, Michigan | Expanded operations and manufacturing capabilities. |
| 1926 | Began producing metal laboratory furniture | Diversified product line to meet changing market demands. |
| 1986 | Became a public company | Increased access to capital markets for growth and expansion. |
| 1999 | Acquired Metal Mobel | Expanded presence in the European market. |
| 2014 | Acquired CSA Planners | Expanded service offerings to include design and consulting. |
Kewaunee Scientific Corporation Transformative Moments
- Diversification into Metal Furniture: The decision to start producing metal laboratory furniture in 1926 significantly broadened the company's product range and appealed to a wider customer base, which helped the company to evolve and stay current with market trends.
- Becoming a Public Company: Going public in 1986 marked a major turning point, providing access to capital markets. This allowed for greater investment in technology, expansion into new markets, and strategic acquisitions, fueling the company's growth.
- Strategic Acquisitions: Acquisitions such as Metal Mobel in 1999 and CSA Planners in 2014 expanded the company's geographic reach and service offerings. These moves allowed the company to offer comprehensive solutions, including design, planning, and installation services, strengthening its position in the industry.
To gain further insights into the company's guiding principles, explore: Mission Statement, Vision, & Core Values of Kewaunee Scientific Corporation (KEQU).
Kewaunee Scientific Corporation (KEQU) Ownership Structure
Kewaunee Scientific Corporation features a mix of institutional, retail, and insider ownership, influencing its governance and strategic direction.
Kewaunee Scientific Corporation's Current Status
Kewaunee Scientific Corporation is a public company, trading under the ticker symbol KEQU on the NASDAQ stock exchange. This means its shares are available for purchase by the general public, and the company is subject to regulations and reporting requirements set forth by the U.S. Securities and Exchange Commission (SEC).
Kewaunee Scientific Corporation's Ownership Breakdown
Here is a breakdown of Kewaunee Scientific Corporation's ownership structure:
| Shareholder Type | Ownership, % | Notes |
|---|---|---|
| Institutions | 44.79% | Includes mutual funds, pension funds, and other investment firms. |
| Individual Insiders | 21.48% | Shares held by officers and directors of the company. |
| Retail | 33.73% | Shares held by individual investors. |
Understanding Kewaunee Scientific Corporation's financial health is crucial for investors. For a detailed analysis, you can explore: Breaking Down Kewaunee Scientific Corporation (KEQU) Financial Health: Key Insights for Investors
Kewaunee Scientific Corporation's Leadership
The leadership team of Kewaunee Scientific Corporation plays a vital role in guiding the company's strategic initiatives and operational execution. Key members of the leadership team include:
- Thomas D. Hull: President and Chief Executive Officer
- Michael P. Keane: Senior Vice President, Chief Financial Officer and Treasurer
Kewaunee Scientific Corporation (KEQU) Mission and Values
Kewaunee Scientific Corporation aims to remain a global leader by providing innovative solutions in the laboratory and technical furniture markets, focusing on quality, customer satisfaction, and shareholder value.
Kewaunee Scientific Corporation's Core Purpose
Official mission statement
Kewaunee Scientific Corporation's mission statement is:
- To be the global leader in the laboratory and technical furniture markets.
- To provide innovative solutions that meet the changing needs of our customers.
- To be recognized for our quality products, customer service, and financial performance.
Vision statement
Kewaunee Scientific Corporation's vision includes:
- Continuing profitable growth.
- Expanding product lines and services.
- Enhancing market presence through strategic initiatives and innovation.
Company slogan/tagline
Kewaunee Scientific Corporation focuses on delivering quality and innovation, though a specific, publicly promoted slogan or tagline is not highlighted in recent corporate communications.
For more in-depth information, check this link: Mission Statement, Vision, & Core Values of Kewaunee Scientific Corporation (KEQU).
Kewaunee Scientific Corporation (KEQU) How It Works
Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture products.
Kewaunee Scientific Corporation's Product/Service Portfolio
| Product/Service | Target Market | Key Features |
|---|---|---|
| Laboratory Furniture | Research and development, quality control, and educational labs | Steel and wood casework, fume hoods, adaptable systems |
| Healthcare Furniture | Hospital and clinical settings | Durable casework and storage solutions |
| Technical Furniture | Forensic, pathology, and simulation labs | Specialized workstations and enclosures |
| Service Offerings | All target markets | Design, engineering, project management, installation |
Kewaunee Scientific Corporation's Operational Framework
Kewaunee Scientific Corporation operates through the following:
- Design and Engineering: Kewaunee provides design and engineering services to create customized laboratory and technical furniture solutions.
- Manufacturing: The company manufactures its products in its facilities, using both steel and wood.
- Project Management: Kewaunee offers project management services to oversee the installation and implementation of its products.
- Installation: Kewaunee provides installation services to ensure its furniture is properly set up and functional.
- Sales and Distribution: The company markets and sells its products through a direct sales force and a network of dealers.
Kewaunee Scientific Corporation's Strategic Advantages
Kewaunee Scientific Corporation maintains several strategic advantages:
- Customization: Kewaunee offers customized solutions tailored to the specific needs of its clients.
- Comprehensive Service: From design to installation, Kewaunee provides a full suite of services.
- Market Position: With a long history, Kewaunee has established itself as a major player in the laboratory and technical furniture industry.
Read more about Kewaunee Scientific Corporation's investors: Exploring Kewaunee Scientific Corporation (KEQU) Investor Profile: Who’s Buying and Why?
Kewaunee Scientific Corporation (KEQU) How It Makes Money
Kewaunee Scientific Corporation specializes in the design, manufacture, and installation of laboratory, healthcare, and technical furniture products.
Kewaunee Scientific Corporation's Revenue Breakdown
The revenue streams can be derived from sales of laboratory furniture, systems, and related services.
| Revenue Stream | % of Total | Growth Trend |
|---|---|---|
| Laboratory Furniture | Approx. 90% | Stable |
| Healthcare and Technical Furniture | Approx. 10% | Increasing |
Kewaunee Scientific Corporation's Business Economics
The company's business economics are influenced by several factors:
- Project-Based Revenue: Revenue is heavily dependent on project cycles, which can lead to variability in quarterly earnings.
- Pricing Strategies: Kewaunee uses a mix of competitive bidding and value-based pricing depending on the project and client requirements.
- Economic Factors: Capital spending in the education, healthcare, and research sectors significantly impacts demand.
Kewaunee Scientific Corporation's Financial Performance
Key aspects of Kewaunee Scientific Corporation's financial performance include:
- Revenue: For the fiscal year 2024, Kewaunee Scientific Corporation reported net sales of $164.2 million, which is an increase of $14.4 million, or 9.6%, compared to net sales of $149.8 million for the fiscal year 2023.
- Gross Profit: The gross profit for the fiscal year 2024 was $34.3 million, which is an increase of $5.9 million, or 20.8%, compared to a gross profit of $28.4 million for the fiscal year 2023. As a percentage of sales, the gross profit was 20.9% for the fiscal year 2024 compared to 18.9% for the fiscal year 2023.
- Net Income: Kewaunee Scientific Corporation reported net income of $5.3 million, or $1.84 per diluted share for the fiscal year 2024, compared to a net loss of $0.6 million, or $0.22 per diluted share for the fiscal year 2023.
For more insights, check out: Breaking Down Kewaunee Scientific Corporation (KEQU) Financial Health: Key Insights for Investors
Kewaunee Scientific Corporation (KEQU) Market Position & Future Outlook
The company holds a significant position in the laboratory furniture and equipment sector, driven by its established reputation and comprehensive product offerings. The future outlook appears stable, with opportunities for growth in expanding research and development activities across various industries.
Competitive Landscape
| Company | Market Share, % | Key Advantage |
|---|---|---|
| Kewaunee Scientific Corporation | ~15% | Comprehensive product line and established reputation |
| Thermo Fisher Scientific | ~20% | Extensive product portfolio and global presence |
| Agilent Technologies | ~12% | Advanced technology and analytical solutions |
Opportunities & Challenges
| Opportunities | Risks |
|---|---|
| Increasing demand for laboratory infrastructure due to growing investments in pharmaceutical and biotechnology research. | Fluctuations in raw material prices, impacting production costs and profitability. |
| Expansion into emerging markets with developing scientific research sectors. | Intense competition from both established players and new entrants, potentially squeezing market share. |
| Development of sustainable and eco-friendly laboratory solutions, appealing to environmentally conscious clients. | Changes in regulatory standards and compliance requirements, necessitating additional investments in product development and certification. |
Industry Position
The company maintains a strong industry position through:
- Focus on providing high-quality, customizable laboratory solutions.
- Strategic partnerships with leading research institutions and corporations.
- Continuous innovation in product design and functionality to meet evolving customer needs.
Further insights into the company's financial standing can be found here: Breaking Down Kewaunee Scientific Corporation (KEQU) Financial Health: Key Insights for Investors
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