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) announced the divestiture of its jet engine components business, Enginetics Corporation, to Enjet Aero, LLC, for approximately $11.5 million in cash. Enginetics generated around $9 million in revenue in the first nine months of fiscal 2021. The company expects to incur non-cash charges between $14.5 million and $15.5 million, primarily related to goodwill. This sale allows Standex to focus on higher growth opportunities in its core spin forming solutions business, enhancing its operating margin and maintaining financial flexibility.
Standex International Corporation (NYSE: SXI) will present at the Sidoti & Company's Spring 2021 Virtual Investor Conference on March 24, 2021, at 1:45 PM Eastern Time. The presentation will feature Chairman, President & CEO David Dunbar and Vice President, CFO & Treasurer Ademir Sarcevic. Interested participants can access the live webcast through a provided link, and a replay will be available on the company's website for thirty days. Standex operates in multiple sectors including Electronics, Engraving, and Scientific Technologies across various global locations.
Standex International Corporation (NYSE:SXI) reported its 2Q21 financial results, demonstrating a modest year-over-year revenue growth of 1.7% to $156.3 million. Operating income decreased by 5.1% to $16.7 million, while net income from continuing operations fell by 2.3% to $12.0 million. Adjusted EBITDA remained stable at $26.2 million, with a 16.8% margin. Free cash flow surged significantly by 370.7% to $17 million. The company aims for a mid-single digit organic revenue growth and a robust EBITDA margin exceeding 20% in the long term.
Standex International Corporation (NYSE:SXI) will announce its second quarter fiscal 2021 financial results on February 4, 2021, after market close. The results will be discussed in a conference call on February 5, 2021, at 8:30 a.m. ET, led by David Dunbar, CEO, and Ademir Sarcevic, CFO. Investors can access the live webcast and presentation through the company's website. A replay will be available shortly after the event.
Standex International Corporation (NYSE: SXI) has declared a quarterly cash dividend of $0.24 per share, payable on February 25, 2021 to shareholders recorded by February 10, 2021. This marks the 226th consecutive quarterly cash dividend, maintaining a consistent payout since becoming public in November 1964. Standex operates in diverse sectors, including Electronics, Engraving, and Scientific, across global markets like the U.S., Europe, and Asia.
Standex International Corporation (NYSE:SXI) will participate in Baird's 2020 Global Industrial Conference on November 11, 2020. Key executives, including Chairman and CEO David Dunbar and CFO Ademir Sarcevic, will represent the company in this virtual event. Standex's investor presentation will be available on their website starting the same day. This participation underscores Standex's commitment to engaging with investors and showcasing its diverse operations across various industries including Electronics and Engineering Technologies.
Standex International Corporation (NYSE:SXI) reported its fiscal Q1 2021 results for the period ending September 30, 2020. Net sales decreased by 3.0% to $151.3 million, while operating income fell 9.4% to $14.4 million. Net income from continuing operations slightly dropped 2.1% to $10.3 million. Despite the challenges, adjusted earnings per share increased 5.5% to $0.96, and the company generated $4.4 million in free cash flow, a 60.3% increase year-over-year. The company remains focused on cost-saving initiatives, expecting over $7 million in annual savings.
Standex International Corporation (NYSE:SXI) will announce its first quarter fiscal 2021 financial results on October 29, 2020, after market close. A conference call to discuss these results will take place on October 30, 2020, at 8:30 a.m. ET. The call will feature David Dunbar, Chairman, President & CEO, and Ademir Sarcevic, Vice President, CFO & Treasurer, detailing financial metrics and business highlights. Investors can access the live webcast and presentation via the company's website, with a replay available afterward.
Standex International Corporation (NYSE: SXI) has announced a quarterly cash dividend of $0.24 per share, reflecting a 9% increase from previous payments. This dividend, marking the 225th consecutive quarterly payment, will be distributed on November 25, 2020, to shareholders on record as of November 10, 2020. The company has consistently paid dividends since going public in November 1964.
Standex International Corporation (NYSE: SXI) will present at the Sidoti & Company Fall 2020 Investor Conference on September 24, 2020, at 10 AM Eastern Time. Chairman, President & CEO David Dunbar and Vice President, CFO & Treasurer Ademir Sarcevic will lead the presentation. Interested parties can access the webcast here. A replay will be available on the company's website for thirty days. Standex operates in multiple sectors, including Electronics and Scientific, with facilities in various countries worldwide.