基瓦尼科技 2024年度报告

Founded in 1906, Kewaunee Scientific Corporation is a recognizedglobal leader in the design, manufacture, and installation oflaboratory, healthcare, and technical furniture products. TheCompany’s products include steel and wood casework, fumehoods, adaptable modular systems, moveable workstations,stand-alone benches, biological safety cabinets, and epoxy resinwork surfaces and sinks. The Company’s corporate headquarters are located in Statesville,North Carolina. Sales offices are located in the United States,India, Saudi Arabia, and Singapore. Three manufacturing facilitiesare located in Statesville, serving the domestic and internationalmarkets, and one manufacturing facility is located in Bangalore,India, serving the local, Asian, and African markets. Kewaunee Scientific’s newly acquired subsidiary, NuAire, isa leading manufacturer of biological safety cabinets, CO2incubators, ultralow freezers, and other essential laboratoryproducts that complement the Kewaunee Scientific portfolio.Founded in 1971, NuAire’s headquarters and manufacturingfacilities are located in Plymouth, Minnesota, with additionalmanufacturing capabilities located in Long Lake, Minnesota.NuAire also maintains a warehouse partnership in the Netherlandsand OEM partnerships in China. Learn more at the companies’ websites, located at http://www.kewaunee.com and http://www.nuaire.com/. KEWAUNEEANNUAL REPORT Dear Kewaunee Shareholder, Fiscal year 2025 was marked by exceptional performance from our Kewaunee team. TheCompany delivered record financial results and closed the year with a robust and healthybacklog. These results reflect the consistent execution and dedication of Kewaunee’s global team.They are also a testament to the valuable support of our channel partners, who bringour solutions to customers in various industries – customers who rely on Kewaunee’sportfolio to advance their most critical priorities and create amazing laboratory spaces. For a detailed overview of our financial performance for fiscal year 2025, I encourage youto review our quarterly press releases and our Annual Report on Form 10-K, which can befound on our website. Rather than reiterate those figures and details here, I’d like to use thisletter to share my broader perspective on what’s driving Kewaunee’s success. Specifically, I will highlight how our unwavering focus on operating with excellence isstrengthening every area of our organization, how the continued strategic investments madeby our dealer partners are enhancing our shared capabilities and customer experience, andhow our unique culture, rooted in Associate investment, collaboration, accountability, andinnovation, is driving results across our teams. I will also highlight how our recent acquisitionof NuAire is expanding our reach and enhancing the value we deliver to our customersthrough a broader portfolio of high performance, laboratory-grade solutions. Together, theseelements reinforce my belief that Kewaunee remains a compelling and resilient investmentopportunity. MAINTAINING OUR MOMENTUM This year’s results position our Company to continue building upon our success. As we lookahead, I am filled with confidence in Kewaunee’s future. While our industry is facing a period of instability driven by geopolitical uncertainty, uncleartariff policies, and ongoing supply chain disruptions, Kewaunee has responded with resilience.We have the best channel partners in the business, and our collaborative way of workingtogether is producing results in the marketplace as we continue to win projects across allmarkets we serve. This has never been more evident than in the consistent strength of ourbacklog in recent fiscal years. Further, through the targeted efforts of our Sourcing and Purchasing team to strengthensupplier relationships, diversify our global supply base, and implement smarter trade logisticsstrategies, supported by the agility and alignment of our entire organization, we’ve maintainedour ability to deliver for our customers while safeguarding our long-term performance. This adaptability, combined with our strong foundation built on nearly 120 years of operationaldiscipline and continuous innovation, and backed by industry-leading partnerships, positionsus well to navigate our market and seize new opportunities. The momentum we’ve built isnot just reflective of past performance, but a signal of what’s possible when our team isfocused on delivering value, investing in our capabilities, and supporting the evolving needsof our customers and their science. At Kewaunee, we are committed to creating spaces thatare more than just functional; they are environments thatenable discovery, support critical research, and shape thefuture of science. This year, we launched the inauguralAmazing Spaces competition to recognize and celebratethe exceptional laboratory environments brought to life byour Associates and channel partners around the world. This initiative reflects our broader commitment to ex