Kewaunee Scientific to Report Results for Fourth Quarter and Year-End Fiscal Year 2020 Release Date

Rhea-AI Summary

Kewaunee Scientific Corporation (NASDAQ: KEQU) will release its fourth quarter and fiscal year-end 2020 financial results on July 21, 2020, post market close. The delay is attributed to mandated government shutdowns affecting international subsidiaries' year-end activities. Additionally, the company will hold its annual shareholder meeting virtually on August 26, 2020, due to COVID-19 related travel uncertainties. Kewaunee Scientific specializes in manufacturing laboratory and technical furniture products.

Positive

• None.

Negative

• Delay in financial results due to government shutdowns affecting international operations.
• Transition to a virtual shareholder meeting due to COVID-19 uncertainties may reduce engagement.

STATESVILLE, N.C., June 24, 2020 /PRNewswire/ -- Kewaunee Scientific Corporation (NASDAQ: KEQU) today announced that the Company plans to release its fourth quarter and fiscal year-end 2020 financial results on Tuesday, July 21, 2020 after the close of trading. This information will be available on the Company's website http://www.kewaunee.com after the release.

The timing of this release has been delayed due to the effect of mandated government shutdowns on our international subsidiaries' year-end closing activities.

Also, in light of uncertainty surrounding COVID-19 and its impact on travel, the Company has decided to hold its annual shareholder meeting in a virtual format to be held on Wednesday, August 26, 2020, with details forthcoming when finalized.

About Kewaunee Scientific
Founded in 1906, Kewaunee Scientific Corporation is a recognized global leader in the design, manufacture, and installation of laboratory, healthcare, and technical furniture products. The Company's products include steel, wood, and laminate casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin worksurfaces and sinks.

The Company's corporate headquarters are located in Statesville, North Carolina. Direct sales offices are located in the United States, India, and Singapore. Three manufacturing facilities are located in Statesville serving the domestic and international markets, and one manufacturing facility is located in Bangalore, India serving the local and Asian markets. Kewaunee Scientific's website is located at http://www.kewaunee.com.

This press release contains statements that the Company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements regarding the Company's future financial condition, results of operations, business operations and business prospects, are forward-looking statements. Words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "predict," "believe" and similar words, expressions and variations of these words and expressions are intended to identify forward-looking statements. All forward-looking statements are subject to important factors, risks, uncertainties and assumptions, including industry and economic conditions that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning these factors is contained in the Company's filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this document. The Company assumes no obligation, and expressly disclaims any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:	Donald T. Gardner III
	(704) 871-3274

 

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SOURCE Kewaunee Scientific Corporation

FAQ

When will Kewaunee Scientific release its fourth quarter 2020 financial results?

Kewaunee Scientific will release its fourth quarter 2020 financial results on July 21, 2020.

Why is there a delay in Kewaunee Scientific's financial results?

The delay is due to mandated government shutdowns impacting the year-end closing activities of its international subsidiaries.

When is Kewaunee Scientific's annual shareholder meeting?

The annual shareholder meeting will be held virtually on August 26, 2020.

What products does Kewaunee Scientific manufacture?

Kewaunee Scientific manufactures laboratory, healthcare, and technical furniture products.