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Standex International Corp. - SXI STOCK NEWS

Welcome to our dedicated news page for Standex International (Ticker: SXI), a resource for investors and traders seeking the latest updates and insights on Standex International.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Standex International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Standex International's position in the market.

News
STANDEX DECLARES 239th CONSECUTIVE QUARTERLY DIVIDEND
Rhea-AI Summary
Standex International (NYSE: SXI) declared a quarterly cash dividend of $0.30 per share, marking a 7.1% year-on-year increase. This dividend, payable on May 24, 2024, to shareholders of record on May 10, 2024, represents the company's 239th consecutive quarterly cash dividend since November 1964.
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News
STANDEX TO PARTICIPATE IN D.A. DAVIDSON BEST-OF-BREED BISON CONFERENCE
Rhea-AI Summary
Standex International Corporation (SXI) executives to participate in D.A. Davidson Best-of-Breed Bison Conference on March 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
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conferences
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News
STANDEX ANNOUNCES CLOSING OF SANYU SWITCH CO., LTD. ACQUISITION
Rhea-AI Summary
Standex International Corporation (SXI) has successfully closed its acquisition of Sanyu Switch Co., Ltd., expecting it to boost earnings and achieve a double-digit return on invested capital. The acquisition aligns with Standex's strategy of targeting high-margin businesses in rapidly expanding markets.
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End-of-Day
-1.53%
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acquisition
News
STANDEX REPORTS FISCAL SECOND QUARTER 2024 FINANCIAL RESULTS
Rhea-AI Summary
Standex International Corporation (NYSE: SXI) reported financial results for the second quarter of fiscal year 2024, with total net sales of $178.4 million, a 5.0% decrease year-on-year. GAAP gross margin was 40.2%, and adjusted gross margin was 40.3%. The company anticipates completing the acquisition of Sanyu Switch Co., Ltd in fiscal third quarter 2024. The company's long-term financial targets include organic revenue growth at a high-single-digit compounded annual rate, adjusted operating margin above 19%, and a return on invested capital above 15% by fiscal 2028.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
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earnings
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News
STANDEX DECLARES 238th CONSECUTIVE QUARTERLY DIVIDEND
Rhea-AI Summary
Standex International Corporation (SXI) has declared a quarterly cash dividend of $0.30 per share, marking a 7.1% year-on-year increase. This is the company's 238th consecutive quarterly cash dividend, with dividends paid each quarter since November 1964.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
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dividends
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News
STANDEX ANNOUNCES TIMING OF SECOND QUARTER FISCAL 2024 RESULTS
Rhea-AI Summary
Standex International Corporation (SXI) will announce its second quarter fiscal 2024 financial results on February 1, 2024, and broadcast its conference call live over the Internet on February 2, 2024. The call will review the Company's financial results, business highlights, and outlook. Investors can listen to the webcast and view the slide presentation on Standex's website. A replay of the webcast will also be available on the Company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
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earnings
News
STANDEX TO PRESENT AT CJS SECURITIES NEW IDEAS FOR THE NEW YEAR CONFERENCE
Rhea-AI Summary
Standex International Corporation (SXI) to present at CJS Securities 24th Annual New Ideas for the New Year Conference
Rhea-AI Impact
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End-of-Day
-3.06%
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conferences
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STANDEX TO PARTICIPATE IN WOLFE RESEARCH SMALL AND MID-CAP CONFERENCE
Rhea-AI Summary
Standex International Corporation (NYSE: SXI) CFO to Participate in Wolfe Research Small and Mid-Cap Conference
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Rhea-AI Sentiment
End-of-Day
1.39%
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conferences
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News
STANDEX REPORTS FISCAL FIRST QUARTER 2024 FINANCIAL RESULTS
Rhea-AI Summary
Standex International Corporation reported strong financial results for the first quarter of fiscal year 2024. Organic growth was 2.5%, led by Engraving and Engineering Technologies. Fast growth market sales increased by approximately 20% year-on-year to $20 million. The company achieved a record GAAP gross margin of 39.3% and an adjusted gross margin of 39.5%. GAAP operating margin was 14.6%, while adjusted operating margin reached a record level of 15.9%, up 90 bps year-on-year. Free cash flow for the quarter was $12.1 million, the highest ever for a fiscal first quarter. Standex International also entered into a definitive agreement to acquire Japanese-based Sanyu Switch Co., Ltd, which will strengthen its electronics relay product line and deepen access to key customer accounts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.31%
Tags
earnings
News
STANDEX ENTERS INTO A DEFINITIVE AGREEMENT TO ACQUIRE SANYU SWITCH CO., LTD.
Rhea-AI Summary
Standex International Corporation is set to acquire Sanyu Switch Co., Ltd., a Japanese-based company, in a definitive agreement. The transaction is expected to close before January 31, 2024, and Standex anticipates the acquisition to be accretive to its earnings and achieve a double-digit return on invested capital in the first year. The acquisition will be funded by Standex's existing cash balance. Sanyu's customer base and product line are complementary to Standex's business, providing opportunities for expanded key account relationships and cross-selling. The acquisition will also enhance Standex's global footprint and strengthen its engineering and manufacturing capabilities.
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Rhea-AI Sentiment
End-of-Day
-0.33%
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acquisition
Stock SXI logo
Standex International Corp.

NYSE:SXI

SXI Rankings

#1861 Ranked by Market Cap
#490 Ranked by Stock Gains
#1941 Ranked by Dividends

SXI Stock Data

2.04B
11.63M
2.01%
96.26%
1.66%
Food Product Machinery Manufacturing
Manufacturing
Link
US
Salem

About SXI

standex international corporation is a diversified global manufacturing company operating in five segments, including food service equipment, engraving, engineering technologies, electronics and hydraulics. the company’s market-leading brands are recognized for quality and innovation.