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Segment Information
3 Months Ended
Jul. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
In accordance with ASC 280, Segment Reporting, the Company's operations are classified into two business segments: Domestic and International. The Domestic business segment principally designs, manufactures, and installs scientific and technical furniture, including steel and wood laboratory cabinetry, fume hoods, flexible systems, worksurfaces, workstations, workbenches, and computer enclosures. On November 1, 2024, the Company completed its acquisition of Nu Aire, whose operating results are reflected in the Domestic Operations segment, expanding the Company's Domestic capabilities through its manufacturing of biological safety cabinets, CO2 incubators, ultralow freezers, and other essential laboratory products. See Note C, Nu Aire Acquisition, for further information. The International business segment, which consists of the Company's foreign subsidiaries, provides products and services, including facility design, detailed engineering, construction, and project management from the planning stage through testing and commissioning of laboratories.
The Company's Chief Operating Decision Maker ("CODM") is its CEO, who evaluates the performance of each segment and measures its segment profitability based on earnings before income taxes. Some Corporate expenses, such as those related to executive management, finance, etc., are allocated to the segments. Certain corporate expenses shown below are net of expenses that have been allocated to the business segments. We periodically review these allocations and adjust them based upon changes in business circumstance. Intersegment transactions are recorded at normal profit margins. All intercompany balances and transactions have been eliminated.
The following tables provide financial information by business segment and unallocated corporate expenses for the periods ended July 31, 2025 and 2024 (in thousands):
Domestic
Operations
International
Operations
Corporate /
Eliminations
Total
Three Months Ended July 31, 2025
Revenues from external customers$54,352 $16,752 $— $71,104 
Intersegment revenues85 1,039 (1,124)— 
Depreciation and amortization
1,428 96 25 1,549 
Interest expense
313 13 732 1,058 
Earnings (loss) before income taxes
5,835 1,143 (3,058)3,920 
Income tax expense (benefit)
1,113 434 (786)761 
Net earnings attributable to non-controlling interest
— 66 — 66 
Net earnings (loss) attributable to Kewaunee Scientific Corporation
4,722 643 (2,272)3,093 
Segment assets
153,302 40,184 — 193,486 
Expenditures for segment assets
671 100 — 771 
Revenues (excluding intersegment) from customers in foreign countries
2,767 16,752 — 19,519 
Three Months Ended July 31, 2024
Revenues from external customers$35,523 $12,870 $— $48,393 
Intersegment revenues113 1,348 (1,461)— 
Depreciation and amortization
662 107 46 815 
Interest expense
441 21 10 472 
Earnings (loss) before income taxes
3,635 787 (1,992)2,430 
Income tax expense (benefit)
764 279 (851)192 
Net earnings attributable to non-controlling interest
— 45 — 45 
Net earnings (loss) attributable to Kewaunee Scientific Corporation
2,871 463 (1,141)2,193 
Segment assets
90,235 41,783 — 132,018 
Expenditures for segment assets
196 82 — 278 
Revenues (excluding intersegment) from customers in foreign countries
525 12,870 — 13,395