[Fiscal Fourth Quarter and Fiscal Year 2025 Financial Results Overview](index=1&type=section&id=Fiscal%20Fourth%20Quarter%20and%20Fiscal%20Year%202025%20Financial%20Results%20Overview) Standex International Corporation reported strong Q4 FY25 results with significant growth in sales, adjusted operating income, and EPS, achieving record adjusted operating margin and substantial debt reduction [Summary Financial Results](index=1&type=section&id=Summary%20Financial%20Results%20-%20Total) Standex International Corporation reported strong financial results for Q4 FY25, with significant year-over-year growth in net sales, adjusted operating income, and adjusted EPS, achieving record adjusted operating margin and making substantial debt payments Summary Financial Results | ($M except EPS and Dividends) | 4Q25 | 4Q24 | Y/Y | Q/Q | | :---------------------------- | :--- | :--- | :--- | :--- | | Net Sales | $222.0 | $180.2 | 23.2% | 6.9% | | Operating Income – GAAP | $34.7 | $27.1 | 27.9% | 32.3% | | Operating Income – Adjusted | $45.8 | $30.8 | 48.7% | 13.4% | | Operating Margin % - GAAP | 15.6% | 15.1% | + 50 bps | + 300 bps | | Operating Margin % - Adjusted | 20.6% | 17.1% | + 350 bps | + 120 bps | | Net Income from Continuing Ops – GAAP | $15.5 | $19.7 | -21.4% | -32.1% | | Net Income from Continuing Ops – Adjusted | $27.5 | $22.4 | 22.8% | 17.1% | | Diluted EPS – GAAP | $1.23 | $1.66 | -25.9% | -32.0% | | Diluted EPS – Adjusted | $2.28 | $1.89 | 20.6% | 16.9% | | Dividends per Share | $0.32 | $0.30 | 6.7% | 0.0% | | Free Cash Flow | $24.9 | $22.2 | 11.9% | 614.2% | | Net Debt to EBITDA | 2.6x | 0.0x | NM | -13.3% | [Key Performance Highlights](index=1&type=section&id=Key%20Performance%20Highlights) The company achieved significant sales growth in Q4 FY25, driven by new products and fast-growth markets, alongside record adjusted operating margins, and reduced its net debt, with FY25 also seeing record operating performance across several adjusted metrics - Q4 FY25 Sales Increased **23.2% YOY to $222.0 Million**, driven by new products and fast growth markets[4](index=4&type=chunk) - Record Adjusted Operating Margin of **20.6% in Q4 FY25**, up **350 bps YOY**[4](index=4&type=chunk) - Paid Down **$27 Million of Debt** in Q4 FY25, lowering Net Debt to EBITDA Ratio to **2.6x**[4](index=4&type=chunk) - Record Operating Performance in FY25: Adjusted Gross Margin of **41.7%** (up **230 bps YOY**), Adjusted EBIT Margin of **19.1%** (up **210 bps YOY**), and Record Adjusted EPS of **$7.98** (up **5.8% YOY**)[4](index=4&type=chunk) [CEO Commentary and Strategic Highlights](index=2&type=section&id=CEO%20Commentary%20and%20Strategic%20Highlights) CEO David Dunbar highlighted a strong Q4 FY25 performance with record adjusted operating margin and EPS, attributing success to portfolio evolution, the Amran/Narayan Group acquisition, and operational efficiency, while maintaining confidence in secular growth trends and strategic investments - Adjusted operating margin expanded **350 basis points** year-on-year to a record **20.6%**, and adjusted earnings per share grew more than **20%** to a record **$2.28** in Q4 FY25[5](index=5&type=chunk) - Fast growth market sales totaled **$61 million** (approximately **28% of total sales**) in FY25, exceeding expectations, with a long-term target of **$340 million plus by FY28**[5](index=5&type=chunk) - Launched three additional new products in Q4 FY25, totaling **16 in FY25**, contributing **2.5% of incremental sales**[5](index=5&type=chunk) - Expanded capacity in Houston and India for Amran/Narayan Group and began commissioning a greenfield site in Croatia[5](index=5&type=chunk) [Outlook](index=2&type=section&id=Outlook) Standex provides a positive outlook for Q1 and full fiscal year 2026, projecting significant revenue growth, continued margin expansion, and strategic investments in new products and acquisitions [Fiscal First Quarter 2026 Outlook](index=2&type=section&id=Fiscal%20First%20Quarter%202026%20Outlook) For Q1 FY26, Standex anticipates significantly higher year-over-year revenue driven by recent acquisitions and low-single-digit organic growth, along with significant adjusted operating margin expansion, though sequentially revenue is expected to be slightly lower due to project timing and seasonality - Expects significantly higher revenue year-on-year in Q1 FY26, driven by acquisitions and low-single-digit organic growth[6](index=6&type=chunk) - Anticipates significant adjusted operating margin expansion year-on-year in Q1 FY26[6](index=6&type=chunk) - Expects slightly lower revenue and adjusted operating margin sequentially in Q1 FY26 due to project timing in Engineering Technologies and seasonality in Europe[6](index=6&type=chunk) [Fiscal Year 2026 Outlook](index=2&type=section&id=Fiscal%20Year%202026%20Outlook) Standex projects revenue growth of over $100 million for fiscal year 2026, with continued adjusted operating margin expansion, fueled by organic growth in Electronics and Engineering Technologies, contributions from recent acquisitions, and plans for new product launches and further debt reduction - Expects revenue to grow by over **$100 million** in FY26[7](index=7&type=chunk) - Anticipates continued adjusted operating margin expansion in FY26[7](index=7&type=chunk) - Plans to release over **fifteen new products** in FY26, contributing approximately **300 bps of incremental growth**[7](index=7&type=chunk) - Sales from fast growth markets are expected to grow approximately **45% year-on-year** and exceed **$265 million** in FY26[7](index=7&type=chunk) - On track to further reduce its net debt to EBITDA ratio in FY26[7](index=7&type=chunk) [Fourth Quarter Segment Operating Performance](index=2&type=section&id=Fourth%20Quarter%20Segment%20Operating%20Performance) This section details the Q4 FY25 operating performance across Standex's five segments, highlighting revenue and income changes, and key drivers such as acquisitions, organic growth, and market conditions [Electronics](index=2&type=section&id=Electronics) The Electronics segment demonstrated strong performance in Q4 FY25, with revenue increasing 43.2% year-on-year, primarily driven by acquisitions and modest organic growth, while adjusted operating income surged 84.7% due to the Amran/Narayan Group acquisition, pricing, and product mix, maintaining a healthy book-to-bill ratio Electronics Segment Performance | Electronics ($M) | 4Q25 | 4Q24 | % Change | | :----------------- | :--- | :--- | :------- | | Revenue | 115.2 | 80.4 | 43.2% | | GAAP Operating Income | 28.0 | 16.1 | 73.5% | | GAAP Operating Margin % | 24.3 | 20.1 | | | Adjusted Operating Income* | 32.9 | 17.8 | 84.7% | | Adjusted Operating Margin %* | 28.5 | 22.1 | | - Revenue increase of **43.2% year-on-year**, reflecting a **41.0% benefit from acquisitions**, **0.3% organic growth**, and **1.9% from foreign currency**[9](index=9&type=chunk) - Adjusted operating income increased **84.7% year-on-year** due to the Amran/Narayan Group acquisition, pricing, and product mix[9](index=9&type=chunk) - Book-to-bill ratio of approximately **1.03** in Q4 FY25, with orders of approximately **$118 million**[10](index=10&type=chunk) [Engineering Technologies](index=3&type=section&id=Engineering%20Technologies) The Engineering Technologies segment saw a 26.8% year-on-year revenue increase in Q4 FY25, largely due to the McStarlite acquisition and new product sales, with adjusted operating income also growing by 11.8%, though slightly lower sequential revenue and adjusted operating margin are anticipated in Q1 FY26 due to project timing Engineering Technologies Segment Performance | Engineering Technologies ($M) | 4Q25 | 4Q24 | % Change | | :---------------------------- | :--- | :--- | :------- | | Revenue | 32.0 | 25.3 | 26.8% | | GAAP Operating Income | 4.3 | 5.3 | -18.3% | | GAAP Operating Margin % | 13.5 | 20.9 | | | Adjusted Operating Income* | 5.9 | 5.3 | 11.8% | | Adjusted Operating Margin %* | 18.4 | 20.9 | | - Revenue increased **26.8% year-on-year**, reflecting a **25.0% benefit from the McStarlite acquisition** and **0.9% organic growth**, primarily from new products[12](index=12&type=chunk) - Adjusted operating income increased **11.8% year-on-year** due to the recent acquisition and higher volume[12](index=12&type=chunk) - Expects slightly lower revenue and adjusted operating margin sequentially in Q1 FY26 due to project timing[13](index=13&type=chunk) [Scientific](index=3&type=section&id=Scientific) The Scientific segment experienced a modest 2.3% year-on-year revenue increase in Q4 FY25, primarily from the Custom Biogenic Systems acquisition, which largely offset an organic decline due to NIH funding cuts, leading to a 16.1% decrease in adjusted operating income, with Q1 FY26 forecasting slightly higher revenue and similar adjusted operating margins Scientific Segment Performance | Scientific ($M) | 4Q25 | 4Q24 | % Change | | :---------------- | :--- | :--- | :------- | | Revenue | 17.9 | 17.5 | 2.3% | | GAAP Operating Income | 4.1 | 4.9 | -16.6% | | GAAP Operating Margin % | 22.9 | 28.1 | | | Adjusted Operating Income* | 4.3 | 5.2 | -16.1% | | Adjusted Operating Margin %* | 24.3 | 29.6 | | - Revenue increased **2.3% year-on-year**, reflecting a **16.1% benefit from the Custom Biogenic Systems acquisition**, mostly offset by a **13.9% organic decline** from lower demand at academic and research institutions due to NIH funding cuts[16](index=16&type=chunk) - Adjusted operating income decreased **16.1% year-on-year** due to organic decline partially offset by acquisition contribution[16](index=16&type=chunk) - Expects slightly higher revenue and similar adjusted operating margin sequentially in Q1 FY26[17](index=17&type=chunk) [Engraving](index=4&type=section&id=Engraving) The Engraving segment reported a slight 0.6% year-on-year revenue increase in Q4 FY25, benefiting from foreign currency but partially offset by organic decline due to softness in North America, while adjusted operating income grew 14.9% due to productivity initiatives and restructuring actions, with Q1 FY26 anticipating similar revenue and slightly higher adjusted operating margin Engraving Segment Performance | Engraving ($M) | 4Q25 | 4Q24 | % Change | | :--------------- | :--- | :--- | :------- | | Revenue | 33.0 | 32.7 | 0.6% | | GAAP Operating Income | 4.6 | 3.9 | 17.8% | | GAAP Operating Margin % | 14.1 | 12.0 | | | Adjusted Operating Income* | 5.0 | 4.4 | 14.9% | | Adjusted Operating Margin %* | 15.2 | 13.3 | | - Revenue increased **0.6% year-on-year**, reflecting a **1.2% foreign currency benefit**, partially offset by a **0.6% organic decline** due to continued softness in North America[18](index=18&type=chunk) - Adjusted operating income increased **14.9% year-on-year** due to the realization of productivity initiatives and restructuring actions[18](index=18&type=chunk) - Secured a source award from a major OEM in North America to supply soft trim parts for a calendar year 2026 program[19](index=19&type=chunk) [Specialty Solutions](index=4&type=section&id=Specialty%20Solutions) The Specialty Solutions segment experienced a 1.2% year-on-year revenue decrease in Q4 FY25, attributed to general market softness in the Display Merchandising and Hydraulics businesses, with operating income declining by 17.2% due to lower volume, and Q1 FY26 expecting similar revenue and slightly higher operating margins Specialty Solutions Segment Performance | Specialty Solutions ($M) | 4Q25 | 4Q24 | % Change | | :----------------------- | :--- | :--- | :------- | | Revenue | 23.9 | 24.2 | -1.2% | | Operating Income | 4.5 | 5.4 | -17.2% | | Operating Margin % | 18.6 | 22.2 | | - Revenue decreased **1.2% year-on-year**, reflecting general market softness in the Display Merchandising and Hydraulics businesses[20](index=20&type=chunk) - Operating income decreased **17.2% year-on-year** due to lower volume[20](index=20&type=chunk) - Expects similar revenue and slightly higher operating margin sequentially in Q1 FY26[21](index=21&type=chunk) [Capital Allocation and Financial Position](index=5&type=section&id=Capital%20Allocation%20and%20Financial%20Position) This section outlines Standex's balance sheet and cash flow, detailing net debt, dividend payments, capital expenditures, and share repurchase authorization [Balance Sheet and Cash Flow Highlights](index=5&type=section&id=Balance%20Sheet%20and%20Cash%20Flow%20Highlights) Standex reported a net debt of $448.0 million as of June 30, 2025, a significant increase from the prior year, primarily due to long-term debt, while declaring a quarterly cash dividend of $0.32 per share, and outlining capital expenditures for FY25 and FY26, with net cash provided by operating activities and free cash flow both increasing in Q4 FY25 - Net debt was **$448.0 million** on June 30, 2025, compared to **($5.3) million** at the end of Q4 FY24, consisting primarily of **$552.5 million long-term debt** and **$104.5 million cash and equivalents**[27](index=27&type=chunk) - Declared a quarterly cash dividend of **$0.32 per share**, an approximately **6.7% year-on-year increase**[27](index=27&type=chunk) Capital Expenditures | Metric | FY25 ($M) | FY24 ($M) | FY26 Outlook ($M) | | :-------------------- | :-------- | :-------- | :---------------- | | Capital Expenditures | 28.3 | 20.298 | 33 - 38 | Cash Flow Metrics | Cash Flow Metric (3 months ended June 30) | 2025 ($M) | 2024 ($M) | | :---------------------------------------- | :-------- | :-------- | | Net cash provided by continuing operating activities | 33.4 | 28.7 | | Free cash flow after capital expenditures | 24.9 | 22.2 | - Approximately **$28 million** remained on the Company's current share repurchase authorization at the end of Q4 FY25[27](index=27&type=chunk) [Additional Information](index=5&type=section&id=Additional%20Information) This section provides details on the upcoming conference call, the company's use of non-GAAP financial measures, an overview of Standex International Corporation, forward-looking statement disclaimers, and investor contact information [Conference Call Details](index=5&type=section&id=Conference%20Call%20Details) Standex will host a conference call on August 1, 2025, at 8:30 a.m. ET to discuss financial results and business highlights, with investors able to access the webcast and slide presentation via the company's website, and replays available online and via teleconference - Conference call for investors scheduled for **August 1, 2025, at 8:30 a.m. ET**[24](index=24&type=chunk) - Webcast and slide presentation available on Standex's website under 'Investors' section[24](index=24&type=chunk) - Replay of webcast available online through **August 1, 2026**, and audio playback via phone through **August 8, 2025**[25](index=25&type=chunk) [Use of Non-GAAP Financial Measures](index=5&type=section&id=Use%20of%20Non-GAAP%20Financial%20Measures) Standex utilizes various non-GAAP financial measures, such as adjusted operating income, adjusted net income, free operating cash flow, EBITDA, and adjusted EPS, to provide investors with a clearer understanding of its core operating results and performance trends, with these measures excluding specific items and reconciled to comparable GAAP measures - Company uses non-GAAP measures including adjusted income from operations, adjusted net income from continuing operations, free operating cash flow, EBITDA, adjusted EBITDA, and adjusted EPS[26](index=26&type=chunk) - Non-GAAP measures exclude impacts of restructuring charges, purchase accounting, amortization from acquired intangible assets, acquisition costs, and other specific gains/losses[26](index=26&type=chunk) - These measures are believed to help investors understand operating results and prospects, consistent with management's performance assessment, especially when comparing to previous periods[26](index=26&type=chunk) [About Standex](index=6&type=section&id=About%20Standex) Standex International Corporation is a diversified multi-industry manufacturer operating across five key business segments: Electronics, Engineering Technologies, Scientific, Engraving, and Specialty Solutions, maintaining a global presence with operations spanning multiple countries - Standex International Corporation is a multi-industry manufacturer[28](index=28&type=chunk) - Operates in five business segments: Electronics, Engineering Technologies, Scientific, Engraving, and Specialty Solutions[28](index=28&type=chunk) - Has operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China[28](index=28&type=chunk) [Forward-Looking Statements](index=6&type=section&id=Forward-Looking%20Statements) This press release contains forward-looking statements subject to various risks and uncertainties that could cause actual results to differ materially from expectations, including global crises, economic conditions, competition, raw material costs, inflation, integration of acquisitions, and cybersecurity risks, with the company disclaiming any obligation to update these statements - Statements not based on historical facts are 'forward-looking statements' under the Private Securities Litigation Reform Act of 1995[29](index=29&type=chunk) - Many factors can affect the Company's business and results, causing actual outcomes to differ materially from expectations[29](index=29&type=chunk) - Risk factors include global crises, economic conditions, lower-cost competition, higher raw material and logistics costs, inflation, inability to realize cost savings, acquisition integration challenges, and cybersecurity attacks[29](index=29&type=chunk) [Contact Information](index=6&type=section&id=Contact%20Information) For investor inquiries, Christopher Howe, Director of Investor Relations, can be reached at (773) 754-5394 or InvestorRelations@Standex.com - Contact: Christopher Howe, Director of Investor Relations[30](index=30&type=chunk) - Phone: **(773) 754-5394**[30](index=30&type=chunk) - Email: InvestorRelations@Standex.com[30](index=30&type=chunk) [Financial Statements](index=7&type=section&id=Financial%20Statements) This section presents Standex's condensed consolidated balance sheets, statements of operations, cash flows, selected segment data, and reconciliation of GAAP to non-GAAP financial measures for fiscal years 2024 and 2025 [Condensed Consolidated Balance Sheets](index=7&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The condensed consolidated balance sheets show a significant increase in total assets and liabilities from June 30, 2024, to June 30, 2025, primarily driven by substantial increases in goodwill, intangible assets, and long-term debt, reflecting recent acquisition activities, with stockholders' equity also increasing Condensed Consolidated Balance Sheets | (In thousands) | June 30, 2025 | June 30, 2024 | | :------------------------------------ | :------------ | :------------ | | Total assets | $1,566,880 | $1,005,057 | | Total current assets | 480,879 | 430,095 | | Goodwill | 610,338 | 281,283 | | Intangible assets, net | 225,757 | 78,673 | | Total liabilities | 827,290 | 383,554 | | Long-term debt | 552,515 | 148,876 | | Total stockholders' equity | 711,677 | 621,503 | [Consolidated Statement of Operations](index=8&type=section&id=Consolidated%20Statement%20of%20Operations) The consolidated statement of operations for Q4 FY25 shows a 23.2% year-over-year increase in net sales, reaching $222.0 million, while gross profit and income from operations increased, net income from continuing operations and diluted EPS (GAAP) decreased due to higher interest expense, provision for income taxes, and acquisition-related costs, with full fiscal year 2025 net sales growing by 9.6% but GAAP net income and EPS declining Consolidated Statement of Operations | (In thousands, except per share data) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Year Ended June 30, 2025 | Year Ended June 30, 2024 | | :------------------------------------ | :------------------------------- | :------------------------------- | :----------------------- | :----------------------- | | Net sales | $222,049 | $180,194 | $790,107 | $720,635 | | Gross profit | 91,298 | 69,413 | 315,248 | 282,001 | | Income from operations | 34,734 | 27,147 | 93,549 | 101,738 | | Interest expense | 9,016 | 1,300 | 23,931 | 4,544 | | Net income from continuing operations | 15,473 | 19,688 | 57,726 | 73,591 | | Net income attributable to Standex International | 14,826 | 19,591 | 55,760 | 73,074 | | Diluted earnings per share | $1.23 | $1.65 | $4.64 | $6.14 | [Statements of Consolidated Cash Flows](index=9&type=section&id=Statements%20of%20Consolidated%20Cash%20Flows) For fiscal year 2025, net cash provided by operating activities decreased to $69.6 million from $92.7 million in FY24, with investing activities resulting in a significant net cash outflow of $503.4 million primarily due to expenditures for acquisitions, and financing activities generating a substantial net cash inflow of $380.5 million driven by proceeds from borrowings Statements of Consolidated Cash Flows | (In thousands) | Year Ended June 30, 2025 | Year Ended June 30, 2024 | | :---------------------------------------- | :----------------------- | :----------------------- | | Net cash provided by operating activities | $69,596 | $92,656 | | Net cash provided by (used in) investing activities | (503,433) | (61,629) | | Net cash (used in) financing activities | 380,490 | (69,201) | | Net change in cash and cash equivalents | (49,661) | (41,503) | | Cash and cash equivalents at end of period | $104,542 | $154,203 | - Expenditures for acquisitions, net of cash acquired, totaled **$478.9 million** in FY25[37](index=37&type=chunk) - Proceeds from borrowings were **$792.3 million** in FY25, while payments of debt were **$389.1 million**[37](index=37&type=chunk) [Selected Segment Data](index=10&type=section&id=Selected%20Segment%20Data) The selected segment data for Q4 FY25 shows Electronics as the largest segment by net sales and income from operations, with significant year-over-year growth, and Engineering Technologies also reporting strong sales growth, while for the full fiscal year 2025, Electronics and Engineering Technologies demonstrated sales growth, but Engraving and Specialty Solutions experienced declines Net Sales by Segment | Net Sales (In thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Year Ended June 30, 2025 | Year Ended June 30, 2024 | | :----------------------- | :------------------------------- | :------------------------------- | :----------------------- | :----------------------- | | Electronics | $115,192 | $80,417 | $400,130 | $321,956 | | Engineering Technologies | 32,040 | 25,271 | 102,595 | 83,476 | | Scientific | 17,918 | 17,521 | 72,380 | 68,931 | | Engraving | 32,958 | 32,749 | 128,360 | 150,685 | | Specialty Solutions | 23,941 | 24,236 | 86,642 | 95,587 | | Total | $222,049 | $180,194 | $790,107 | $720,635 | Income from Operations by Segment | Income from operations (In thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Year Ended June 30, 2025 | Year Ended June 30, 2024 | | :------------------------------------ | :------------------------------- | :------------------------------- | :----------------------- | :----------------------- | | Electronics | $28,009 | $16,146 | $87,927 | $64,030 | | Engineering Technologies | 4,308 | 5,270 | 15,428 | 15,216 | | Scientific | 4,108 | 4,926 | 17,470 | 19,000 | | Engraving | 4,643 | 3,943 | 17,647 | 26,708 | | Specialty Solutions | 4,453 | 5,381 | 14,841 | 19,631 | | Total | $34,734 | $27,147 | $93,549 | $101,738 | [Reconciliation of GAAP to Non-GAAP Financial Measures](index=11&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Financial%20Measures) The reconciliation tables provide a detailed breakdown of adjustments made to GAAP figures to arrive at non-GAAP measures such as adjusted income from operations, adjusted net income from continuing operations, EBITDA, adjusted EBITDA, free operating cash flow, and adjusted EPS, with these adjustments primarily including restructuring charges, acquisition-related costs, amortization of acquired intangible assets, and purchase accounting expenses, which significantly impact the reported profitability and cash flow metrics Reconciliation of GAAP to Non-GAAP Financial Measures | (In thousands, except percentages) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Year Ended June 30, 2025 | Year Ended June 30, 2024 | | :--------------------------------- | :------------------------------- | :------------------------------- | :----------------------- | :----------------------- | | Income from operations, as reported | $34,734 | $27,147 | $93,549 | $101,738 | | Adjusted income from operations | $45,751 | $30,769 | $150,581 | $122,354 | | Net income from continuing operations, as reported | $15,473 | $19,688 | $57,726 | $73,591 | | Net income attributable to Standex International, as adjusted | $27,523 | $22,441 | $95,831 | $89,799 | | EBITDA | $45,226 | $33,875 | $128,179 | $127,807 | | Adjusted EBITDA | $51,596 | $35,472 | $170,599 | $140,548 | | Free cash flow from continuing operations | $24,855 | $22,204 | $41,306 | $73,048 | Adjusted Earnings Per Share from Continuing Operations | Adjusted earnings per share from continuing operations | June 30, 2025 | June 30, 2024 | % Change (Q4) | June 30, 2025 | June 30, 2024 | % Change (FY) | | :----------------------------------------------------- | :------------ | :------------ | :------------ | :------------ | :------------ | :------------ | | Diluted earnings per share from net income attributable to Standex, as reported | $1.23 | $1.66 | -25.9% | $4.64 | $6.18 | -24.9% | | Diluted earnings per share from net income attributable to Standex, as adjusted | $2.28 | $1.89 | 20.7% | $7.98 | $7.54 | 5.8% | - Key adjustments include restructuring charges, acquisition-related costs, amortization of acquired intangible assets, and purchase accounting expenses[41](index=41&type=chunk)[44](index=44&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2025 Commission File Number 001-07233 STANDEX INTERNATIONAL CORPORATION (Exact name of registrant as specified in its Charter) Delaware 31-0596149 (State of incorporation) (I.R.S. Employer Identification No.) 23 Keewa ...

Financial Data and Key Metrics Changes - In the fourth quarter, total revenue increased approximately 23.2% year on year to $222 million, reflecting a 23.4% benefit from recent acquisitions and a 1.2% benefit from foreign currency, partially offset by an organic revenue decline of 1.4% [18] - Adjusted operating margin increased 350 basis points year on year to a record 20.6% [18] - Adjusted earnings per share increased 20.6% year on year to a record $2.28 [19] - Net cash provided by operating activities was $33.4 million compared to $28.7 million a year ago [19] - Free cash flow for the fourth quarter was $24.9 million compared to $22.2 million a year ago [19] Business Line Data and Key Metrics Changes - **Electronics Segment**: Revenue increased 43.2% year on year to $115.2 million, driven by a 41% benefit from acquisitions and organic growth of 0.3% [19] - **Engineering Technologies Segment**: Revenue increased 26.8% to $32 million, driven by a 25% benefit from the recent NexStarlight acquisition and organic growth of 0.9% [22] - **Scientific Segment**: Revenue increased 2.3% to $17.9 million, due to a 16.1% benefit from recent acquisition, partially offset by an organic decline of 13.9% [23] - **Engraving Segment**: Revenue increased 0.6% to $33 million, driven by a 1.2% benefit from foreign currency, partially offset by an organic decline of 0.6% [24] - **Specialty Solutions Segment**: Revenue decreased 1.2% year on year to $23.9 million, primarily due to general market softness [24] Market Data and Key Metrics Changes - Sales into fast growth markets were approximately $184 million, exceeding the fiscal year expectation of $170 million, driven by growth in data center demand and grid modernization [29] - In fiscal year 2026, sales into fast growth markets are expected to grow approximately 45% year on year and exceed $265 million [29] Company Strategy and Development Direction - The company is focusing on four sources of growth: new product sales, presence in fast growth markets, support for recent acquisitions, and winning new awards through commercial excellence [11][17] - The company plans to launch more than 15 new products in fiscal year 2026, which are expected to contribute over 300 basis points of incremental sales growth [10][29] - The company aims to achieve fiscal year 2028 targets of sales greater than $1.15 billion and adjusted operating margin greater than 23% [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving over $100 million in incremental sales for fiscal year 2026, driven by acquisitions, new products, and fast growth markets [9][29] - The company remains well-positioned in a fluid economic environment due to strong customer relationships and disciplined pricing strategies [30] - Management noted that the company has successfully navigated challenges in the past and is prepared for future uncertainties [76] Other Important Information - The company declared its 244th consecutive cash dividend of 32¢ per share, representing a 6.7% increase year on year [26] - The company paid down approximately $27 million in debt during the fiscal fourth quarter [26] Q&A Session Summary Question: Can you provide insights on the $100 million revenue increase in fiscal year 2026? - Management indicated that the full year impact of acquisitions could bring over $60 million, with new products contributing around $20 million, and fast growth markets adding approximately $38 million, suggesting potential upside to the $100 million estimate [35][37] Question: How is the EV business performing amid market challenges? - Management noted that while EV sales dipped slightly in 2025, they anticipate growth in 2026 due to new model introductions and a shift towards electric vehicles [38][39] Question: What is the expected ramp-up for the new facility in Croatia? - Management expects to ship single-digit millions in fiscal year 2026, with potential growth to over $30 million in three years as customer commitments are fulfilled [42][43] Question: What is the outlook for the electronics segment's demand? - Management reported a 16% year-on-year increase in orders, primarily driven by OEMs, indicating a sustainable demand trend [51][54] Question: How are scientific segment margins expected to perform? - Management expects scientific margins to hold steady due to pricing and productivity actions, despite the lower margin from recent acquisitions [102] Question: What is the company's approach to managing working capital and cash flow? - Management is focused on improving collections and working capital efficiency, aiming to reduce days sales outstanding (DSO) back to the low 60s [106]

Financial Data and Key Metrics Changes - Total revenue increased approximately 23.2% year on year to $222 million, reflecting a 23.4% benefit from recent acquisitions and a 1.2% benefit from foreign currency, partially offset by an organic revenue decline of 1.4% [18][20] - Adjusted operating margin increased 350 basis points year on year to a record 20.6%, with adjusted operating income increasing 48.8% on the revenue increase [20] - Adjusted earnings per share increased 20.6% year on year to a record $2.28 [20] Business Line Data and Key Metrics Changes - **Electronics Segment**: Revenue increased 43.2% year on year to $115.2 million, driven by a 41% benefit from acquisitions and organic growth of 0.3% [20][21] - **Engineering Technologies Segment**: Revenue increased 26.8% to $32 million, driven by a 25% benefit from the recent NexStarlight acquisition and organic growth of 0.9% [23] - **Scientific Segment**: Revenue increased 2.3% to $17.9 million, due to a 16.1% benefit from recent acquisition, partially offset by an organic decline of 13.9% [24] - **Engraving Segment**: Revenue increased 0.6% to $33 million, driven by a 1.2% benefit from foreign currency, partially offset by an organic decline of 0.6% [25] - **Specialty Solutions Segment**: Revenue decreased 1.2% year on year to $23.9 million, primarily due to general market softness [25] Market Data and Key Metrics Changes - Sales into fast growth markets were approximately $184 million, exceeding expectations of $170 million, driven by growth in data center demand and grid modernization [30] - Fast growth market sales are expected to grow approximately 45% year on year, exceeding $265 million in fiscal year 2026 [31] Company Strategy and Development Direction - The company is focused on new product development, with plans to launch more than 15 new products in fiscal year 2026, expected to contribute over 300 basis points of incremental growth [31] - The company aims to achieve fiscal year 2028 long-term targets of sales exceeding $1.15 billion and adjusted operating margin greater than 23% [32] - The company is positioned to benefit from long-term secular tailwinds in end markets, particularly in electrical grid, space, and defense [15][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving over $100 million in incremental sales growth in fiscal year 2026, driven by acquisitions, new products, and fast growth markets [10][31] - Management noted that the company is well-positioned in a fluid economic environment due to strong customer relationships and disciplined pricing strategies [32] Other Important Information - The company paid down approximately $27 million in debt during the fiscal fourth quarter, with a net leverage ratio currently at 2.6 [27][28] - The company declared a quarterly cash dividend of 32¢ per share, representing a 6.7% increase year on year [28] Q&A Session Summary Question: Potential for upside in the $100 million revenue increase for fiscal 2026 - Management indicated that the $100 million estimate could be conservative, with potential upside from acquisitions and organic growth [36][38] Question: Performance of the EV business - Management noted a slight dip in EV sales in 2025 but anticipates growth in 2026 with new model introductions [39][40] Question: Ramp-up of the Amarin business in Croatia - Management expects initial shipments of single-digit millions in fiscal 2026, with potential growth to over $30 million in three years [41][42] Question: Demand in the electronics segment - Management reported a 16% year-on-year increase in orders, primarily driven by OEMs [50][52] Question: Scientific segment margins and NIH funding impact - Management acknowledged the impact of NIH funding cuts but does not expect significant changes in demand from that channel [67] Question: Acquisition pipeline and appetite for new acquisitions - Management confirmed ongoing work in the acquisition pipeline and a willingness to pursue new opportunities as leverage improves [97]

Earnings Call Presentation August 1, 2025 SAFE HARBOR STATEMENT Statements contained in this presentation that are not based on historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terminology such as "should," "could," "may," "will," "expect," "believe," "estimate," "anticipate," "intends," "continue," or similar terms or variations of those terms or the negati ...

Standex International (SXI) came out with quarterly earnings of $2.28 per share, beating the Zacks Consensus Estimate of $2.1 per share. This compares to earnings of $1.76 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +8.57%. A quarter ago, it was expected that this equipment manufacturing company would post earnings of $1.93 per share when it actually produced earnings of $1.95, delivering a surprise of +1.04%. Over the la ...

In Q4 FY25, Sales Increased 23.2% YOY to $222.0 Million with Strong Momentum from New Products and Fast Growth Markets Q4 FY25 GAAP Operating Margin of 15.6%; Record Adjusted Operating Margin of 20.6% - Up 120 bps Sequentially and 350 bps YOY SALEM, N.H., July 31, 2025 /PRNewswire/ -- Standex International Corporation (NYSE: SXI) today reported financial results for the fourth quarter of fiscal year 2025 ended June 30, 2025. | Summary Financial Results - Total | | | | | | | --- | --- | --- | --- | --- | --- ...

SALEM, N.H., July 25, 2025 /PRNewswire/ -- Standex International Corporation (NYSE: SXI) will announce its fourth quarter fiscal 2025 financial results on Thursday, July 31, 2025 after the close of the market and will broadcast its conference call live over the Internet at 8:30 a.m. ET on Friday, August 1, 2025.On the call, David Dunbar, President & CEO, and Ademir Sarcevic, CFO & Treasurer, will review the Company's fourth quarter financial results, business highlights and outlook.Investors interested in l ...

SALEM, N.H., July 24, 2025 /PRNewswire/ -- Standex International Corporation (NYSE: SXI) today announced that its Board of Directors has declared a quarterly cash dividend of $0.32 per share, an approximately 6.7% year-on-year increase. The dividend is payable August 22, 2025, to shareholders of record on August 8, 2025. The dividend is the Company's 244th consecutive quarterly cash dividend. Standex has paid dividends each quarter since it became a public corporation in November 1964.About StandexStandex I ...

Standex International Corporation is a global multi-industry manufacturer in five broad business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions with operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India and China. For additional information, visit the Company's website standex.com. SOURCE Standex International Corporation SALEM, N.H., May 19, 2025 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) announced today t ...