UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-07233 STANDEX INTERNATIONAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 31-0596149 (State of incorporation) (IRS Employer Identification No. ...

Financial Data and Key Metrics Changes - Total revenue decreased approximately 7.7% year-on-year to $170.5 million, reflecting an organic revenue decline of 11.4% and a 0.1% impact from foreign exchange, partially offset by a 3.8% benefit from recent acquisitions [33][34] - Adjusted operating margin was flat year-on-year at 15.9%, while adjusted operating income decreased 8% due to the revenue decline [34] - Adjusted earnings per share decreased 1.7% year-on-year to $1.71 [34] - Record adjusted gross margin of 41.1%, up 240 basis points sequentially [13] Business Line Data and Key Metrics Changes - **Electronics Segment**: Revenue decreased 4.8% year-on-year to $77.7 million, with an organic decline of 13.7, but adjusted operating margin increased 150 basis points to 21.9% [36] - **Engraving Segment**: Revenue decreased 18.2% to $33.4 million, driven by an organic decline of 17.5% [39] - **Scientific Segment**: Revenue decreased 2.7% to $17.7 million due to lower demand from retail pharmacies [40] - **Engineering Technologies Segment**: Revenue increased 12.7% to $20.5 million, driven by organic growth of 13.3% [42] - **Specialty Solutions Segment**: Revenue decreased 18.3% year-on-year to $21.1 million [44] Market Data and Key Metrics Changes - Sales into fast-growth end markets were flat year-on-year at $20 million, with growth in electric vehicles and defense applications offset by demand conditions in the Engraving segment [12] - The acquisition of Amran/Narayan Group is expected to enhance exposure to fast-growth markets, increasing from 13% to approximately 25% of total sales on a pro forma basis for fiscal 2024 [15][30] Company Strategy and Development Direction - The acquisition of Amran/Narayan Group for approximately $462 million is aimed at expanding presence in the high-margin electrical grid market [8][9] - The company plans to maintain a strong investment-grade balance sheet and focus on debt repayment in the next two years [28] - New product development remains a priority, with expectations for over a dozen new products to be released in fiscal year 2025 [16][49] Management's Comments on Operating Environment and Future Outlook - Management expects end markets to stabilize in the second quarter and strengthen in the second half of fiscal 2025 [7] - The company anticipates moderately to significantly higher revenue in the fiscal second quarter driven by the Amran/Narayan acquisition and improving demand [14] - Management remains cautiously optimistic about the recovery in the electronics market, with expectations for mid to high single-digit organic growth in the latter half of the fiscal year [52] Other Important Information - The company declared a quarterly cash dividend of $0.32 per share, reflecting a 6.7% increase year-on-year [45] - The acquisition is expected to be immediately accretive to revenue growth, EBITDA margin, operating margin, earnings per share, and free cash flow [9][15] Q&A Session Summary Question: Expectations for organic growth in fiscal 2025 - Management expects mid to high single-digit organic growth in the electronics segment for Q3 and Q4, with challenges in the Engraving segment [52][53] Question: Details on the acquisition and overlap between companies - The acquisition involves two legal entities but operates as a single global business, leveraging shared expertise and resources [55][56] Question: Growth targets for the acquired business - Management suggests planning for mid-teens growth for the acquired business, with potential for higher growth as integration progresses [61] Question: Customer concentration and major clients - The acquired company serves major OEMs in Europe, the U.S., and India, with no significant customer concentration issues [62] Question: Potential for EBITDA margin improvement - Management believes growth and leverage on the top line will drive EBITDA margin expansion rather than cost synergies [63] Question: Insights on order trends in the electronics segment - The company has seen a significant increase in orders, indicating market stabilization and recovery [65] Question: Geographic breakdown of the acquired revenue - Approximately 30-40% of the acquired revenue comes from the U.S., with the remainder primarily from Asia [74] Question: Currency and billing practices in India - The acquired entity bills Indian customers in rupees, while U.S. customers are billed in dollars [77] Question: Market opportunity and competitive landscape - The acquisition opens up a $2 billion addressable market, with a focus on customer intimacy and rapid prototype development as competitive advantages [88][89]

Standex International (SXI) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.01%. A quarter ago, it was expected that this equipment manufacturing company would post earnings of $1.72 per share when it actually produced earnings of $1.76, delivering a surprise of 2.33%. Over the las ...

Revenue Performance - Sales declined 7.7% YoY to $170.5M, with acquisitions partially offsetting organic decline[1][2] - Net sales for Q3 2024 were $170.464 million, a decrease of 7.8% compared to $184.774 million in Q3 2023[27] - Net sales for Q3 2024 were $170.464 million, down 7.7% from $184.774 million in Q3 2023[31] - Electronics segment revenue decreased 4.8% YoY to $77.7M, with organic decline of 13.7%[6][8] - Engraving segment revenue decreased 18.2% YoY to $33.4M, primarily due to delays in new platform rollouts[11] - Engineering Technologies segment revenue increased 12.7% YoY to $20.5M, driven by space end market growth[13] - Specialty Solutions segment revenue decreased 18.3% YoY to $21.1M, reflecting softness in Display Merchandising and Hydraulics businesses[14] - Electronics segment net sales for Q3 2024 were $77.733 million, down from $81.688 million in Q3 2023[30] - Engraving segment net sales for Q3 2024 were $33.363 million, a decrease from $40.794 million in Q3 2023[30] Profitability and Margins - Record GAAP and adjusted gross margin of 41.1%, up 240 bps sequentially and 160 bps YoY[1] - Gross profit for Q3 2024 was $70.073 million, down 3.5% from $72.635 million in Q3 2023[27] - Net income from continuing operations for Q3 2024 was $18.188 million, a slight decrease from $18.892 million in Q3 2023[27] - Net income for Q3 2024 was $18.197 million, a slight decrease from $18.814 million in Q3 2023[29] - Adjusted income from operations for Q3 2024 was $27.025 million, a decrease of 8.0% from $29.390 million in Q3 2023[31] - Adjusted EBITDA for Q3 2024 was $34.114 million, down 4.2% from $35.626 million in Q3 2023[31] - Adjusted diluted earnings per share from continuing operations for Q3 2024 was $1.71, down 1.7% from $1.74 in Q3 2023[32] Cash Flow and Financial Position - Free cash flow decreased 10.3% YoY to $10.8M, with capital expenditures of $6.7M in Q1 2025[2][17] - Free cash flow from continuing operations for Q3 2024 was $10.822 million, compared to $12.069 million in Q3 2023[31] - Cash and cash equivalents increased to $164.584 million as of September 30, 2024, up from $154.203 million as of June 30, 2024[28] - Cash and cash equivalents at the end of Q3 2024 were $164.584 million, compared to $126.830 million at the end of Q3 2023[29] - Net debt position improved to ($15.6)M, with long-term debt of $149.0M and cash equivalents of $164.6M[19] - Long-term debt remained relatively stable at $148.985 million as of September 30, 2024, compared to $148.876 million as of June 30, 2024[28] - Total assets grew to $1.037882 billion as of September 30, 2024, from $1.005057 billion as of June 30, 2024[28] - Retained earnings increased to $1.100924 billion as of September 30, 2024, up from $1.086277 billion as of June 30, 2024[28] - Capital expenditures for Q3 2024 were $6.725 million, up from $4.338 million in Q3 2023[31] Acquisitions and Growth Expectations - Acquired Amran Instrument Transformers & Narayan Powertech, expected to be immediately accretive to revenue growth, margins, and EPS[1][4] - Company expects significantly higher revenue in Q2 2025, driven by Amran/Narayan acquisition and fast growth end markets[5][10] Business Segments and Operations - Standex operates in five business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions across multiple countries[25] Non-GAAP Financial Measures - The company uses non-GAAP financial measures including adjusted EBITDA and free operating cash flow to provide additional insights into core financial performance[24]

SALEM, N.H., Oct. 24, 2024 /PRNewswire/ -- Standex International Corporation (NYSE: SXI) will announce its first quarter fiscal 2025 financial results on Tuesday, October 29, 2024 after the close of the market and will broadcast its conference call live over the Internet at 8:30 a.m. ET on Wednesday, October 30, 2024.On the call, David Dunbar, President & CEO, and Ademir Sarcevic, CFO & Treasurer, will review the Company's first quarter financial results, business highlights and outlook.Investors interested ...

SALEM, N.H., Oct. 24, 2024 /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 November 22, 2024, to shareholders of record on November 8, 2024. The dividend is the Company's 241st consecutive quarterly cash dividend. Standex has paid dividends each quarter since it became a public corporation in November 1964.About StandexStand ...

SALEM, N.H., Sept. 10, 2024 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) announced today that David Dunbar, President & CEO, will be participating in the D.A. Davidson 23rd Annual Diversified Industrials & Services Conference in Nashville, Tennessee, on Thursday, September 19, 2024. Interested parties may access the Company's presentation on the Investor Relations section of Standex's website under the subheading, Events and Presentations, located on the Company's website standex.com. About ...

Financial Data and Key Metrics Changes - Total revenue decreased approximately 4.3% year-on-year to $180.2 million, reflecting an organic revenue decline of 9.4% and a 1.1% impact from foreign exchange, partially offset by a 6.2% benefit from recent acquisitions [12][13] - Adjusted operating margin increased 60 basis points year-on-year to 16% [12][13] - Adjusted earnings per share remained flat year-on-year at $1.76 [13] Business Line Data and Key Metrics Changes - **Electronics Segment**: Revenue increased 0.6% year-on-year to $80.4 million, with a 14.6% benefit from acquisitions offset by a 12.3% organic decline [14] - **Engraving Segment**: Revenue decreased 22.8% to $32.7 million, driven by a 21% organic decline [16] - **Scientific Segment**: Revenue decreased 4.1% to $17.5 million, but operating margin increased 260 basis points year-on-year to 28.1% [16] - **Engineering Technologies Segment**: Revenue increased 15.7% to $25.3 million, driven by organic growth of 15.9% [17] - **Specialty Solutions Segment**: Revenue decreased 6.3% year-on-year to $24.2 million [18] Market Data and Key Metrics Changes - Sales in fast-growth end markets grew 13% year-on-year to $27 million in the fourth quarter and grew 13% year-on-year to $94 million in fiscal 2024 [7] - Orders in Electronics increased approximately 30% over the average order intake for the past six months in June, with July orders increasing approximately 5% over June [15][44] Company Strategy and Development Direction - The company plans to release a record number of new products in fiscal 2025, with expectations of over 12 new products across all business lines [9][12] - The company is optimistic about long-term trends in automotive, infrastructure spending, defense applications, and space exploration [20][21] - The company aims for high single-digit organic growth to exceed $1 billion in sales by fiscal year 2028, with adjusted operating margin greater than 19% [10][22] Management's Comments on Operating Environment and Future Outlook - Management expects general market conditions to stabilize in the first half of fiscal 2025 and strengthen in the second half [10][21] - The company remains confident in its ability to achieve long-term financial targets despite recent market challenges [22][28] Other Important Information - The company ended fiscal fourth quarter 2024 with $347 million of available liquidity and declared a quarterly cash dividend of $0.30 per share, a 7.1% increase year-on-year [19] - Research and development investments were the highest ever at $20.5 million, representing 2.8% of sales [11][19] Q&A Session Summary Question: Can you explain the new product development process? - The company develops new products based on customer needs and specifications, ensuring alignment with market demands [23] Question: What are the expectations for new product sales in the second and third years? - New products typically take about three years to ramp up to full volume, with expectations for increased sales contributions in subsequent years [25] Question: What is the outlook for fiscal 2025 regarding market conditions? - Management anticipates a stronger second half of fiscal 2025, particularly in segments like Engineering Technologies and Electronics [29][30] Question: How does the company view the M&A environment? - The company has an active pipeline for potential acquisitions and is optimistic about future opportunities [38] Question: What is the expected impact of new products on margins? - New products are expected to deliver higher gross margins than existing products, contributing positively to overall margins [46][48]

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, 2024 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 ...

https://files.reportify.cc/media/production/SXI6f942631a6c537b381ebe527add6faeb.jpg NEWS RELEASE STANDEX INTERNATIONAL CORPORATION ■ SALEM, NH 03079 ■ TEL (603) 893-9701 ■ WEB www.standex.com STANDEX REPORTS FISCAL FOURTH QUARTER AND FISCAL YEAR 2024 FINANCIAL RESULTS ● In Q4 FY24, Sales Declined 4.3% with Contributions from Acquisitions and Fast Growth Markets Partially Offsetting Organic Decline; Fast Growth Market Sales Increased ~13% YOY to $27 Million ● Q4 FY24 GAAP Operating Margin of 15.1%; Adjusted ...