Kewaunee Scientific Corporation Named to Fortune Small Business Magazine's Annual List of America's Fastest-Growing Small Public
30 Juli 2009 - 9:06PM
PR Newswire (US)
STATESVILLE, N.C., JULY 30 /PRNewswire-FirstCall/ -- Kewaunee
Scientific Corporation (NASDAQ:KEQU) announced today that it has
been named to Fortune Small Business magazine's ninth "FSB 100"
list of America's fastest-growing small public companies. Kewaunee
Scientific ranked 96th on the list and was the only North Carolina
company selected. According to Fortune Small Business, "the FSB 100
constitutes an elite group of small public companies: the best of
the best." The candidates, all with annual revenues of less than
$200 million and a stock price greater than $1, were judged
according to their stock performance and revenue growth over the
past three years, with a new requirement in 2009 of no negative
growth in any of the most recent four quarters. The complete FSB
100 list appears in the July/August issue of Fortune Small
Business, available online today at http://money.cnn.com/fsb100 .
Kewaunee Scientific recently reported record sales and earnings for
its fiscal year ended April 30, 2009. Net earnings for the year
increased 36% over the prior year to $4,247,000, or $1.66 per
diluted share, and sales increased 16% to $103,978,000. For over
103 years, Kewaunee Scientific Corporation has been a recognized
leader in the design, manufacture, and installation of laboratory
and technical furniture products. Kewaunee's corporate headquarters
are located in Statesville, North Carolina. The Company's
manufacturing facilities are located in Statesville and Bangalore,
India. The Company has subsidiaries in Singapore and Bangalore that
serve the Asian and Middle East markets. Certain statements in this
release constitute "forward-looking" statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that could significantly impact
results or achievements expressed or implied by such
forward-looking statements. These factors include, but are not
limited to, economic, competitive, governmental, and technological
factors affecting the Company's operations, markets, products,
services, and prices. Contact: D. Michael Parker 704/871-3290
DATASOURCE: Kewaunee Scientific Corporation CONTACT: D. Michael
Parker of Kewaunee Scientific Corporation, +1-704-871-3290 Web
Site: http://www.kewaunee.com/
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