Standex International Corp
NYSE:SXI

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Standex International Corp
NYSE:SXI
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Price: 272.43 USD 1.55% Market Closed
Market Cap: $3.3B

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
Q2 2026
Call Date
Jan 30, 2026
AI Summary
Q2 2026

Strong Revenue Growth: Standex reported Q2 2026 revenue of $221.3 million, up 16.6% year-on-year, driven by both organic growth and acquisitions.

Margin Expansion: Adjusted gross margin rose 120 basis points to 42.1%, and adjusted operating margin improved 30 basis points to 19%.

Electronics Segment Strength: Electronics segment led growth with 11.1% organic improvement, a book-to-bill of 1.08, and record quarterly orders.

Record Orders: Q2 orders reached $231 million, the highest quarterly intake ever, signaling continued strong demand.

Guidance Reiterated: Management reiterated the fiscal 2026 sales outlook, expecting over $110 million revenue growth from 2025, with continued momentum from new products and fast-growth markets.

Capacity Expansion: Significant investments are underway to double electronics manufacturing capacity over the next 3–5 years, including new sites in Croatia, Mexico, and Houston.

Free Cash Flow Surge: Free cash flow increased to $13 million from $2.2 million a year earlier.

Strategic Focus: The company remains focused on new product launches and expanding in secular growth markets, especially grid, space, and defense.

Key Financials
Revenue
$221.3 million
Organic Revenue Growth
6.4%
Orders
$231 million
Electronics Segment Revenue
$115.7 million
Electronics Organic Growth
11.1%
Book-to-Bill Ratio (Overall)
1.04
Book-to-Bill Ratio (Electronics)
1.08
Adjusted Gross Margin
42.1%
Adjusted Operating Margin
19%
Adjusted Earnings Per Share
$2.08
Free Cash Flow
$13 million
Net Debt
$437.7 million
Net Leverage Ratio
2.3x
Cash and Cash Equivalents
$97 million
Available Liquidity
$213 million
Long-term Debt
$534.7 million
Dividend Per Share
$0.34
Capital Expenditures
$7.7 million (Q2 2026)
New Product Sales
$16.3 million (Q2 2026)
Sales to Fast-Growth Markets
$61 million (Q2 2026)
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
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