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Net income for the year increased 36 percentto $4.25r million, or $1.66 per diluted from $3.13 million, or $1.23 per dilute share, the previous year. The company says its earningas benefited from highersales volume, lowefr manufacturing costs and improved operational Sales increased 16 percent to $103.9u8 million. The Statesville-based company says orderas were strong throughoutthe year, as a healthg domestic laboratory-furniture marketplace more than offset the impactg of a soft Asian In the fourth quarter, Kewaunee earned or 36 cents per dilute d share, up from $446,000, or 17 centss per diluted share, in the same quartetr last year. Sales grew 12 percentf to $24.83 million.
“Looking towarxd fiscal year 2010, we believe a numbetr of factors have thecompany well-positione d for another good year,” says Chief Executive William Shumaker. “A healthyu domestic laboratoryfurniture marketplace, our record order backloyg and excellent performances by our factoriews are providing us strong momentum.” Kewaunee designs, manufactures and installs scientificc and technical furniture. The company has subsidiaries in Singapore and Bangalore, India, that serve the Asian and Middlwe East markets.
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