Kewaunee Scientific Inc. reported first quarter earnings that beat revenue projections but missed earnings expectations because of higher material csosts.

The lab, technical and laminate furniture supplier saw revenue climb nearly 25 percent to $42.1 million compared to the same quarter a year ago. Analysts were expecting revenue below $37 million.

Citing higher material costs, which jumped 28 percent for the firm to $34.7 million during the same time period, Kewaunee missed analyst expectations by 1 cent. Analysts were expecting earnings of 51 cents per share. by one cent, achieving 50 cents per share: estimates put the firm’s EPS at 51 cents per share.

Kewaunee’s stock price fell $2, or nearly six percent, to $31.50 on Wednesday.

“Kewaunee’s domestic sales growth was excellent in the first quarter,” says Chief Executive Officer David M. Rausch in a statement. “The pace of bidding activity remains solid as customers invest in projects that require the company’s products and service.”

Like competitor Thermo Fisher Scientific, Kewaunee has seen a rise in the price of raw materials.

According to TradingEconomics.com, the price of steel has risen 8.05 percent in the last year — and 6.56 percent in the last month.

“We will continue to be negatively impacted by increases in material costs during the second quarter,” said Rausch. “We continue to pursue productivity and cost reduction actions to help offset their impact.”