Welcome to our dedicated page for Standex International news (Ticker: SXI), a resource for investors and traders seeking the latest updates and insights on Standex International 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 declared a quarterly cash dividend of $0.28 per share, payable on November 23, 2022, to shareholders of record by November 9, 2022. This marks the company’s 233rd consecutive quarterly dividend, reflecting a strong commitment to returning value to its shareholders since going public in November 1964.
Standex International Corporation (NYSE: SXI) has appointed Christopher Howe as the new Director of Investor Relations, effective October 12, 2022. Howe brings nearly a decade of experience as an equity analyst, having previously worked at Barrington Research Associates. His responsibilities will include managing relationships with shareholders and driving the company's investor relations strategy to enhance shareholder value. CFO Ademir Sarcevic expressed excitement about Howe's addition, highlighting his extensive small-cap market experience as a valuable asset for the company.
Standex International Corporation (NYSE: SXI) announced that President & CEO David Dunbar will present at William Blair's Virtual 2022 What's Next for Industrials Conference on September 22, 2022. This event highlights the company's role in the industrial sector. Interested parties can access the presentation on the Investor Relations section of Standex's website and will have the opportunity to watch a webcast replay shortly after the event. Standex operates in various global markets, including the U.S., Europe, and Asia, across five major business segments.
Standex International Corporation (SXI) reported strong fourth quarter results for fiscal 2022, with net sales increasing by 4.7% year-over-year to $184.7 million. The adjusted operating margin reached a record 13.9%, up from 13.3% the previous year. The Electronics segment achieved record sales of $304 million, with total backlog increasing 22% year-over-year. Free cash flow generated in the quarter was approximately $19 million. Standex anticipates similar revenue and operating margins in the first quarter of fiscal 2023, with the Electronics segment expected to drive growth.
Standex International Corporation (NYSE:SXI) will have its President & CEO, David Dunbar, present at the Jefferies 2022 Industrials Conference on August 9, 2022, at 2:00 PM Eastern Time. Interested investors can access the live webcast and presentation through the Investor Relations section of Standex's website under Events and Presentations. A replay will also be available shortly after the presentation concludes. Standex operates across five segments, including Electronics and Scientific, with a global presence in several countries.
Standex International Corporation (NYSE:SXI) will report its fourth-quarter fiscal 2022 financial results on August 4, 2022, following market close. A live conference call will be held on August 5, 2022, at 8:30 a.m. ET, featuring President & CEO David Dunbar and CFO Ademir Sarcevic discussing the results, business highlights, and future outlook. Investors can access the webcast and presentation through the 'Investors' section on Standex's website, with a replay available post-presentation.
Standex International Corporation (NYSE: SXI) has declared a quarterly cash dividend of $0.26 per share, payable on August 25, 2022, to record shareholders on August 11, 2022. This marks the company's 232nd consecutive quarterly dividend since becoming public in November 1964. Standex operates across various sectors including Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions, with a global presence in multiple countries.
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.