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Segment Information | 9 Months Ended
--- | ---
Jan. 31, 2026
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 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 January 31, 2026 and 2025 (in thousands):
| Domestic Operations |  | International Operations |  | Corporate / Eliminations |  | Total
Three Months Ended January 31, 2026 |  |  |  |  |  |  |
Revenues from external customers | $ | 50,953 |  |  | $ | 18,446 |  |  | $ | — |  |  | $ | 69,399 |
Intersegment revenues | 463 |  |  | 870 |  |  | (1,333) |  |  | — |
Depreciation and amortization | 1,479 |  |  | 97 |  |  | 21 |  |  | 1,597 |
Interest expense | 307 |  |  | 16 |  |  | 789 |  |  | 1,112 |
Earnings (loss) before income taxes | 2,312 |  |  | 2,351 |  |  | (3,059) |  |  | 1,604 |
Income tax expense (benefit) | 22 |  |  | 711 |  |  | (205) |  |  | 528 |
Net earnings attributable to non-controlling interest | — |  |  | 384 |  |  | — |  |  | 384 |
Net earnings (loss) attributable to Kewaunee Scientific Corporation | 2,290 |  |  | 1,256 |  |  | (2,854) |  |  | 692 |
Segment assets | 135,427 |  |  | 40,534 |  |  | — |  |  | 175,961 |
Expenditures for segment assets | 636 |  |  | 32 |  |  | — |  |  | 668 |
Revenues (excluding intersegment) from customers in foreign countries | 4,247 |  |  | 18,446 |  |  | — |  |  | 22,693 |
Three Months Ended January 31, 2025 |  |  |  |  |  |  |
Revenues from external customers | $ | 51,976 |  |  | $ | 15,191 |  |  | $ | — |  |  | $ | 67,167 |
Intersegment revenues | 28 |  |  | 943 |  |  | (971) |  |  | — |
Depreciation and amortization | 1,414 |  |  | 107 |  |  | 42 |  |  | 1,563 |
Interest expense | 322 |  |  | 26 |  |  | 789 |  |  | 1,137 |
Earnings (loss) before income taxes | 3,514 |  |  | 786 |  |  | (3,025) |  |  | 1,275 |
Income tax expense (benefit) | 638 |  |  | 281 |  |  | (1,027) |  |  | (108) |
Net earnings attributable to non-controlling interest | — |  |  | 29 |  |  | — |  |  | 29 |
Net earnings (loss) attributable to Kewaunee Scientific Corporation | 2,876 |  |  | 476 |  |  | (1,998) |  |  | 1,354 |
Segment assets | 146,798 |  |  | 42,350 |  |  | — |  |  | 189,148 |
Expenditures for segment assets | 621 |  |  | 68 |  |  | — |  |  | 689 |
Revenues (excluding intersegment) from customers in foreign countries | 3,237 |  |  | 15,191 |  |  | — |  |  | 18,428 |
| Domestic Operations |  | International Operations |  | Corporate / Eliminations |  | Total
Nine Months Ended January 31, 2026 |  |  |  |  |  |  |
Revenues from external customers | $ | 160,529 |  |  | $ | 50,070 |  |  | $ | — |  |  | $ | 210,599 |
Intersegment revenues | 869 |  |  | 2,561 |  |  | (3,430) |  |  | — |
Depreciation and amortization | 4,366 |  |  | 292 |  |  | 68 |  |  | 4,726 |
Interest expense | 931 |  |  | 39 |  |  | 2,261 |  |  | 3,231 |
Earnings (loss) before income taxes | 13,091 |  |  | 4,518 |  |  | (8,632) |  |  | 8,977 |
Income tax expense (benefit) | 2,482 |  |  | 1,435 |  |  | (1,713) |  |  | 2,204 |
Net earnings attributable to non-controlling interest | — |  |  | 543 |  |  | — |  |  | 543 |
Net earnings (loss) attributable to Kewaunee Scientific Corporation | 10,609 |  |  | 2,540 |  |  | (6,919) |  |  | 6,230 |
Segment assets | 135,427 |  |  | 40,534 |  |  | — |  |  | 175,961 |
Expenditures for segment assets | 2,836 |  |  | 173 |  |  | — |  |  | 3,009 |
Revenues (excluding intersegment) from customers in foreign countries | 9,734 |  |  | 50,070 |  |  | — |  |  | 59,804 |
Nine Months Ended January 31, 2025 |  |  |  |  |  |  |
Revenues from external customers | $ | 123,908 |  |  | $ | 39,416 |  |  | $ | — |  |  | $ | 163,324 |
Intersegment revenues | 298 |  |  | 2,766 |  |  | (3,064) |  |  | — |
Depreciation and amortization | 2,736 |  |  | 317 |  |  | 131 |  |  | 3,184 |
Interest expense | 1,176 |  |  | 66 |  |  | 809 |  |  | 2,051 |
Earnings (loss) before income taxes | 12,914 |  |  | 2,183 |  |  | (7,461) |  |  | 7,636 |
Income tax expense (benefit) | 2,643 |  |  | 807 |  |  | (2,450) |  |  | 1,000 |
Net earnings attributable to non-controlling interest | — |  |  | 81 |  |  | — |  |  | 81 |
Net earnings (loss) attributable to Kewaunee Scientific Corporation | 10,271 |  |  | 1,295 |  |  | (5,011) |  |  | 6,555 |
Segment assets | 146,798 |  |  | 42,350 |  |  | — |  |  | 189,148 |
Expenditures for segment assets | 1,457 |  |  | 193 |  |  | — |  |  | 1,650 |
Revenues (excluding intersegment) from customers in foreign countries | 4,201 |  |  | 39,416 |  |  | — |  |  | 43,617 |

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