Welcome to our dedicated page for Standex Intl news (Ticker: SXI), a resource for investors and traders seeking the latest updates and insights on Standex Intl stock.
Standex International Corporation reports developments for a global multi-industry manufacturer operating through Electronics, Engineering Technologies, Scientific, Engraving, and Specialty Solutions businesses. News commonly covers quarterly earnings, segment sales and margins, order trends, new product activity, and demand in markets served by its sensing, switching, magnetic power conversion, engraving, scientific, and engineered-technology operations.
Company updates also include portfolio actions such as completed divestitures, acquisition contributions, debt reduction, dividend declarations, and investor conference participation. Standex’s disclosures frequently emphasize its Electronics segment, global manufacturing footprint, fast-growth market sales, and long-running quarterly dividend history as part of its public-company profile.
Standex International Corporation (NYSE:SXI) has authorized a new share repurchase program worth $100 million, commencing on May 10, 2022. This program replaces the previous buyback initiated in 2016, which had $0.6 million remaining at the end of Q3 fiscal 2022. President and CEO David Dunbar expressed confidence in the company’s financial stability, citing strong cash flow and a robust balance sheet to support this initiative. The repurchase may occur through various means, and there is no set timeline for completion.
Standex International reported strong Q3 fiscal 2022 results with net sales of $189.3 million, marking a 9.9% increase year-over-year. GAAP operating income surged by 333.1% to $24.5 million with an operating margin of 12.9%, up 960 basis points from the previous year. The company announced a new $100 million share repurchase authorization and achieved significant earnings growth, reflected in an adjusted diluted EPS of $1.54. Despite challenges from COVID-19 lockdowns in China, Standex reported a backlog of $267 million.
Standex International Corporation (NYSE:SXI) is set to announce its third quarter fiscal 2022 financial results on May 5, 2022, after market close. A conference call will occur at 8:30 a.m. ET on May 6, 2022, featuring CEO David Dunbar and CFO Ademir Sarcevic discussing financial results and outlook. Investors can listen to the live broadcast and access a replay on the company's website. Standex operates across five segments, including Electronics and Scientific, with a global presence in multiple countries.
Standex International Corporation (NYSE: SXI) announced a quarterly cash dividend of $0.26 per share, payable on May 25, 2022, to shareholders of record on May 11, 2022. This marks the company's 231st consecutive quarterly cash dividend since it became public in November 1964. Standex operates in five business segments globally, including Electronics and Engineering Technologies, with locations across the U.S., Europe, and more.
Standex International Corporation (NYSE:SXI) announced that its President & CEO, David Dunbar, along with CFO Ademir Sarcevic, will present at the Sidoti & Company Spring 2022 Virtual Investor Conference on March 23, 2022, at 11:30 AM Eastern Time. Interested investors can access the presentation via the 'Investors' section on Standex's website under 'Events and Presentations.' A replay will be available shortly after the event. Standex operates in five sectors globally, providing a diverse range of manufacturing solutions.
Standex International Corporation (NYSE:SXI) has acquired Sensor Solutions for approximately $9.7 million in cash, funded from existing cash reserves. The acquisition is anticipated to slightly enhance earnings and consolidate free cash flow in the first year. Sensor Solutions, based in Colorado, generates around $4.3 million in annual revenues and specializes in customizable magnetic sensors for various sectors including automotive and medical. This acquisition strengthens Standex's position in high-growth markets such as electric vehicles and industrial automation.
Standex International Corporation (NYSE:SXI) reported a strong second quarter for fiscal year 2022, achieving net sales of $185.7 million, an increase of 18.8% year-over-year. Adjusted operating income rose 41.7% to $25.2 million, with an adjusted operating margin of 13.6%, up 220 bps year-over-year. The company generated free cash flow of $18.9 million, reflecting an 11.6% year-over-year increase. Looking forward, Standex anticipates revenue growth driven by its Specialty Solutions and Electronics segments.
Standex International Corporation (NYSE: SXI) will announce its second quarter fiscal 2022 financial results on February 3, 2022, after market close. The live conference call is scheduled for February 4, 2022, at 8:30 a.m. ET, where CEO David Dunbar and CFO Ademir Sarcevic will discuss the results, business highlights, and future outlook. Interested investors can access the webcast and presentation on Standex's website, with a replay available shortly after the event.
Standex International Corporation (NYSE: SXI) has declared a quarterly cash dividend of $0.26 per share, payable on February 25, 2022, to shareholders of record by February 11, 2022. This marks the company's 230th consecutive quarterly cash dividend, maintaining a consistent dividend payout since its public listing in November 1964. Standex operates in five segments, including Electronics and Scientific, across multiple countries.
Standex International Corporation (NYSE:SXI) has announced that David Dunbar, Chairman, President & CEO, and Ademir Sarcevic, Vice President, CFO & Treasurer, will present at the Baird 2021 Global Industrial Conference on November 11, 2021, at 2:35 PM ET. Investors can access the live webcast and presentation on the company’s Investor Relations page. A replay will be available after the event. Standex operates globally in five segments including Electronics and Specialty Solutions.