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STANDEX REPORTS FISCAL SECOND QUARTER 2026 FINANCIAL RESULTS
Prnewswire· 2026-01-29 21:01
Core Viewpoint - Standex International Corporation reported strong financial results for the second quarter of fiscal year 2026, with significant year-on-year growth in sales and operating income, driven by new product launches and sales in fast growth markets [1][3]. Financial Performance - Net Sales increased by 16.6% year-on-year to $221.3 million, with a 6.4% organic growth and contributions from new products and fast growth markets [2][5]. - GAAP Operating Income rose to $35.6 million, a 320.3% increase from the previous year, while Adjusted Operating Income was $42.2 million, up 18.9% [2][3]. - The GAAP Operating Margin improved to 16.1%, an increase of 1160 basis points year-on-year, and the Adjusted Operating Margin expanded by 30 basis points to 19.0% [2][4]. Segment Performance - The Electronics segment, which accounted for 52% of total sales, saw revenue increase by 20.6% year-on-year to $115.7 million, driven by organic growth of 11.1% and acquisition benefits [8][10]. - Engineering Technologies revenue grew by 35.3% year-on-year to $30.6 million, primarily due to the McStarlite acquisition [10]. - Scientific segment revenue increased by 5.5% to $19.5 million, while Engraving revenue rose by 13.6% to $35.7 million, reflecting improved demand [12][14]. Outlook - The company expects mid-to-high single-digit organic growth in the fiscal third quarter, driven by new product launches and strong demand in electrical grid, defense, and aviation markets [3][4]. - For fiscal year 2026, Standex anticipates revenue growth of over $110 million, with fast growth market sales projected to exceed $270 million, reflecting a year-on-year increase of over 45% [7][8]. Capital Allocation and Cash Flow - The company paid down approximately $10 million of debt in the fiscal second quarter, reducing the net leverage ratio to 2.3x [4][23]. - Free cash flow for the quarter was $13.0 million, a significant increase from $2.2 million in the prior year [2][23].
STANDEX DECLARES 246th CONSECUTIVE QUARTERLY DIVIDEND
Prnewswire· 2026-01-23 14:10
Core Viewpoint - Standex International Corporation has declared a quarterly cash dividend of $0.34 per share, marking a 6.3% year-on-year increase, with payment scheduled for February 27, 2026 [1] Group 1: Dividend Announcement - The declared dividend is the 246th consecutive quarterly cash dividend by the company [1] - Standex has consistently paid dividends each quarter since becoming a public corporation in November 1964 [1] Group 2: Company Overview - Standex International Corporation operates as a global multi-industry manufacturer across five business segments: Electronics, Engineering Technologies, Scientific, Engraving, and Specialty Solutions [2] - The company has operations in multiple countries, including the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China [2]
STANDEX ANNOUNCES TIMING OF SECOND QUARTER FISCAL 2026 RESULTS
Prnewswire· 2026-01-23 13:30
Core Viewpoint - Standex International Corporation will announce its second quarter fiscal 2026 financial results on January 29, 2026, after market close, with a conference call scheduled for January 30, 2026, at 8:30 a.m. ET [1] Group 1 - The conference call will feature David Dunbar, President & CEO, and Ademir Sarcevic, CFO & Treasurer, who will discuss the company's financial results, business highlights, and outlook [1] - Investors can access the webcast and slide presentation through the "Investors" section of Standex's website [2] - A replay of the webcast will be available shortly after the presentation concludes [2] Group 2 - Standex International Corporation operates in five business segments: Electronics, Engineering Technologies, Scientific, Engraving, and Specialty Solutions [3] - The company has a global presence with operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China [3]
STANDEX REPORTS FISCAL FIRST QUARTER 2026 FINANCIAL RESULTS
Prnewswire· 2025-10-30 20:01
Core Insights - Standex International Corporation reported strong financial results for the first quarter of fiscal year 2026, with net sales increasing by 27.6% year-on-year to $217.4 million, driven by new product launches and growth in fast-growing markets [2][3][4] - The company achieved record quarterly order intake of $226 million, indicating robust demand across its segments [3][4] - Adjusted operating income rose by 43.3% year-on-year, reflecting effective pricing strategies and productivity improvements [2][4] Financial Performance - Net Sales: $217.4 million in Q1 FY26, up from $170.5 million in Q1 FY25, representing a 27.6% increase [2] - Operating Income (GAAP): $29.6 million, a 23.0% increase from $24.1 million in the previous year [2] - Adjusted Operating Income: $41.6 million, up 43.3% from $29.0 million in Q1 FY25 [2] - Net Income from Continuing Operations (GAAP): $15.8 million, down 13.0% from $18.2 million in Q1 FY25 [2] - EBITDA: $39.7 million, a 27.3% increase year-on-year [2] Segment Performance - Electronics: Revenue increased by 42.2% year-on-year to $110.6 million, with adjusted operating income rising by 73.0% [8][10] - Engineering Technologies: Revenue grew by 45.6% to $29.9 million, driven by strong demand in space, defense, and aviation markets [10][11] - Scientific: Revenue increased by 9.9% to $19.5 million, despite a decline in organic demand due to NIH funding cuts [12] - Engraving: Revenue rose by 7.4% to $35.8 million, supported by improved demand in Europe [14] Outlook - The company raised its fiscal year 2026 sales outlook, now expecting revenue growth of over $110 million, primarily driven by organic growth and new product launches [7][5] - Fast growth market sales are projected to exceed $270 million, with an expected growth rate of over 45% year-on-year [7][4] - The company anticipates continued adjusted operating margin expansion in fiscal year 2026 [7] Capital Allocation and Cash Flow - Capital expenditures for Q1 FY26 were $6.4 million, with expectations for total capital expenditures between $33 million and $38 million for the fiscal year [21] - Free cash flow after capital expenditures was $10.4 million, slightly down from $10.8 million in the prior year [21] - The company paid down approximately $8 million of debt, reducing its net debt to EBITDA ratio to 2.4x [4][21]
STANDEX DECLARES 245th CONSECUTIVE QUARTERLY DIVIDEND
Prnewswire· 2025-10-23 12:57
Group 1 - Standex International Corporation announced a quarterly cash dividend of $0.34 per share, representing an approximately 6.3% year-on-year increase [1] - The dividend is payable on November 21, 2025, to shareholders of record on November 7, 2025 [1] - This marks the company's 245th consecutive quarterly cash dividend, having paid dividends each quarter since becoming a public corporation in November 1964 [1] Group 2 - Standex International Corporation operates in five broad business segments: Electronics, Engineering Technologies, Scientific, Engraving, and Specialty Solutions [2] - The company has a global presence with operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China [2]
STANDEX DECLARES 244th CONSECUTIVE QUARTERLY DIVIDEND
Prnewswire· 2025-07-24 12:15
Core Points - Standex International Corporation declared a quarterly cash dividend of $0.32 per share, marking a year-on-year increase of approximately 6.7% [1] - This dividend represents the Company's 244th consecutive quarterly cash dividend, with a history of paying dividends since becoming a public corporation in November 1964 [1] Company Overview - Standex International Corporation operates as a global multi-industry manufacturer across five business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions [2] - The Company has a diverse operational presence in regions including the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China [2]
STANDEX TO PARTICIPATE IN BARRINGTON RESEARCH VIRTUAL SPRING CONFERENCE
Prnewswire· 2025-05-19 12:30
Core Insights - Standex International Corporation announced participation in the 19th Annual Barrington Research Virtual Spring Investment Conference on May 29, 2025 [1] - The presentation will be accessible through the Investor Relations section of Standex's website [1] Company Overview - Standex International Corporation operates as a global multi-industry manufacturer across five business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions [2] - The company has a diverse operational footprint with locations in the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China [2]
STANDEX ANNOUNCES TIMING OF THIRD QUARTER FISCAL 2025 RESULTS
Prnewswire· 2025-04-25 12:30
Financial Results Announcement - Standex International Corporation will announce its third quarter fiscal 2025 financial results on May 1, 2025, after market close [1] - A conference call will be held on May 2, 2025, at 8:30 a.m. ET, featuring President & CEO David Dunbar and CFO Ademir Sarcevic [1] Webcast Information - Investors can access the live webcast and slide presentation through the "Investors" section of Standex's website [2] - A replay of the webcast will be available shortly after the presentation concludes [2] Company Overview - Standex International Corporation operates in five business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions [3] - The company has a global presence with operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China [3]
STANDEX DECLARES 243rd CONSECUTIVE QUARTERLY DIVIDEND
Prnewswire· 2025-04-24 11:32
Core Points - Standex International Corporation declared a quarterly cash dividend of $0.32 per share, marking a year-on-year increase of approximately 6.7% [1] - This dividend represents the company's 243rd consecutive quarterly cash dividend, demonstrating a long-standing commitment to returning value to shareholders [1] - The dividend is scheduled to be payable on May 23, 2025, to shareholders of record on May 9, 2025 [1] Company Overview - Standex International Corporation operates as a global multi-industry manufacturer across five business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions [2] - The company has a diverse operational footprint with activities in the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China [2]