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Nu Aire Acquisition (Tables) | 12 Months Ended
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Apr. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Business Combination | The following table summarizes the aggregate acquisition consideration for Nu Aire:
($ in thousands) |  |
Cash paid to Nu Aire |  | $ | 29,669 |
Subordinated Promissory Notes due to Nu Aire |  | 23,000 |
Payment of Nu Aire transaction expenses |  | 311 |
Purchase Price |  | $ | 52,980 |
Business Combination, Recognized Asset Acquired and Liability Assumed | The purchase price recorded for Nu Aire was allocated as follows:
($ in thousands) |  |  |  |  |  | Final Allocation As Adjusted
Assets acquired: |  |  |  |  |  |
Cash and cash equivalents |  |  |  |  |  | $ | 1,245 |
Receivables |  |  |  |  |  | 10,650 |
Inventories |  |  |  |  |  | 15,522 |
Prepaid expenses and other current assets |  |  |  |  |  | 852 |
Property, plant and equipment |  |  |  |  |  | 7,349 |
Other intangible assets |  |  |  |  |  | 18,600 |
Goodwill |  |  |  |  |  | 12,487 |
Right of use assets |  |  |  |  |  | 7,376 |
Other assets |  |  |  |  |  | 7 |
Total assets acquired |  |  |  |  |  | 74,088 |
Liabilities assumed: |  |  |  |  |  |
Current portion of operating lease liabilities |  |  |  |  |  | (965) |
Accounts payable |  |  |  |  |  | (4,318) |
Employee compensation and amounts withheld |  |  |  |  |  | (2,642) |
Deferred revenue |  |  |  |  |  | (935) |
Other accrued expenses |  |  |  |  |  | (1,591) |
Long-term portion of operating lease liabilities |  |  |  |  |  | (5,167) |
Deferred income taxes |  |  |  |  |  | (5,490) |
Total liabilities assumed |  |  |  |  |  | (21,108) |
Preliminary aggregate acquisition consideration |  |  |  |  |  | $ | 52,980 |
Business Combination, Intangible Asset, Acquired, Finite-Lived | The amounts allocated to intangible assets are as follows:
($ in thousands) |  | Preliminary Fair Value |  | Estimated Useful Life
Customer relationships |  | $ | 9,800 |  |  | 10 years
Trade names and trademarks |  | 4,900 |  |  | Indefinite
Developed technology |  | 3,900 |  |  | 7 years
Intangible assets acquired |  | $ | 18,600 |  |  |
Business Combination, Intangible Asset, Acquired, Indefinite-Lived | The amounts allocated to intangible assets are as follows:
($ in thousands) |  | Preliminary Fair Value |  | Estimated Useful Life
Customer relationships |  | $ | 9,800 |  |  | 10 years
Trade names and trademarks |  | 4,900 |  |  | Indefinite
Developed technology |  | 3,900 |  |  | 7 years
Intangible assets acquired |  | $ | 18,600 |  |  |
Business Combination, Pro Forma Information | The following unaudited supplemental pro forma combined financial information presents the Company's results of operations for the twelve months ended April 30, 2025 as if the acquisition of Nu Aire had occurred on May 1, 2023. The pro forma financial information is presented for comparative purposes only and is not necessarily indicative of the Company's operating results that may have actually occurred had the acquisition of Nu Aire been completed on May 1, 2023. In addition, the unaudited pro forma financial information does not give effect to any anticipated cost savings, operating efficiencies, or other synergies that may be associated with the Transaction, or any estimated costs that have been or will be incurred by the Company to integrate the assets and operations of Nu Aire.
| Twelve Months Ended April 30,
($ in thousands, except per share amounts) | 2026 |  | 2025
| (actual) |  | (pro forma)
Net sales | $ | 281,999 |  |  | $ | 276,696 |
Net earnings | 9,618 |  |  | 11,661 |
Net earnings per share attributable to Kewaunee Scientific Corporation stockholders: |  |  |
Basic | $ | 3.36 |  |  | $ | 4.07 |
Diluted | $ | 3.22 |  |  | $ | 3.91 |

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