Standex International Corp
NYSE:SXI

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Standex International Corp
NYSE:SXI
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Price: 233.19 USD 3.7% Market Closed
Market Cap: 2.8B USD

Standex International Corp
Investor Relations

Standex International Corp., a Massachusetts-based conglomerate, has quietly carved out its niche in the world of industrial manufacturing by adroitly balancing innovation with a diversified portfolio. Founded in 1955, the company has grown from modest beginnings into a robust network of businesses that operate across several sectors, including food service equipment, engraving, engineering technologies, electronics, and specialty solutions. This diversification strategy is integral to Standex’s modus operandi, allowing it to weather economic fluctuations by not being overly reliant on a single industry. The company's strategic business model is underscored by a keen focus on growth through both organic means and selective acquisitions, along with a commitment to operational excellence.

In the realm of profitability, Standex's revenue engine is powered by its ability to deliver specialized products and solutions that respond to specific industry demands. For instance, their electronics division thrives on developing electronic components that are indispensable to various sectors, including automotive and medical. The food service equipment sector stands as another linchpin, furnishing commercial kitchens with essential apparatus, tapping into the consistent demand from the restaurant and hospitality industry. Meanwhile, their engraving and engineering technologies divisions cater to manufacturing firms seeking precision and advancement in materials processing. Through these varied channels, Standex not only ensures a steady stream of revenue but establishes itself as a versatile player capable of navigating the intricate landscape of industrial manufacturing.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Oct 31, 2025
AI Summary
Q1 2026

Revenue Growth: Standex reported a 27.6% year-on-year revenue increase to $217.4 million, driven mostly by acquisitions and strong performance in fast-growth markets.

Outlook Raised: Management raised fiscal 2026 revenue guidance, now expecting growth of over $110 million—$10 million higher than previously forecast—thanks to strong new product sales and momentum in fast-growth markets.

New Product Momentum: New product sales grew more than 35% to about $14.5–$15 million in the quarter, and are expected to reach $78 million for the full year with more than 15 launches planned.

Record Orders: Orders hit an all-time high at about $226 million, and book-to-bill ratios across business units remain above 1, supporting ongoing growth.

Margin Expansion: Adjusted operating margin increased 210 basis points to 19.1% year-on-year, with improvements seen in most segments.

Amran/Narayan (Grid) Outperformance: The newly rebranded Standex Electronics Grid (formerly Amran/Narayan) delivered record sales over $35 million and is expected to grow more than 20% in 2026.

Cost & Portfolio Actions: Ongoing site rationalizations and restructuring are expected to yield $5 million in annualized cost savings, with further benefits anticipated in the second half of fiscal 2026.

Strong Liquidity, Lower Leverage: Liquidity stands at $198 million, net leverage was reduced to 2.4x, and debt paydown continues to be a priority.

Key Financials
Revenue
$217.4 million
Adjusted Operating Margin
19.1%
Adjusted EPS
$1.99
Net Cash from Operating Activities
$16.8 million
Capital Expenditures
$6.4 million
Free Cash Flow
$10.4 million
Electronics Segment Revenue
$110.6 million
Electronics Adjusted Operating Margin
28.8%
Engineering Technologies Revenue
$29.9 million
Engineering Technologies Adjusted Operating Margin
16.8%
Scientific Segment Revenue
$19.5 million
Scientific Adjusted Operating Margin
25.3%
Engraving Segment Revenue
$35.8 million
Engraving Adjusted Operating Margin
19.1%
Specialty Solutions Segment Revenue
$21.7 million
Specialty Solutions Operating Margin
13.3%
Orders
$226 million
Electronics Book-to-Bill
1.06
Net Debt
$446 million
Net Leverage Ratio
2.4x
Available Liquidity
$198 million
Long-term Debt
$544.6 million
Cash and Cash Equivalents
$98.7 million
Quarterly Dividend
$0.34 per share
Earnings Call Recording
Other Earnings Calls

Management

Mr. David A. Dunbar
Chairman, President & CEO
No Bio Available
Mr. Ademir Sarcevic
VP, CFO & Treasurer
No Bio Available
Mr. Max Arets
VP & Chief Information Officer
No Bio Available
Mr. Alan J. Glass
VP, Chief Legal Officer & Secretary
No Bio Available
Ms. Annemarie Bell
VP & Chief Human Resource Officer
No Bio Available
Ms. Amy Gagnon
Chief Accounting Officer
No Bio Available
Mr. Christopher H. Howe
Director of Investor Relations
No Bio Available
Ms. Christine Welby
Director of Corporate Communications
No Bio Available
Mr. Ramy Shatoot
President at Standex Electronics
No Bio Available

Contacts

Address
NEW HAMPSHIRE
Salem
23 Keewaydin Drive, Suite 300
Contacts
+16038939701.0
www.standex.com