Standex Intl Stock Price, News & Analysis

Standex International (NYSE:SXI) has acquired California-based McStarlite Co. for $56.5 million in cash, funded through Standex's existing revolver. McStarlite, a leading provider of complex sheet metal aerospace components, generated approximately $33 million in revenue in 2024 with an adjusted EBITDA margin above 20%.

McStarlite operates four facilities in Harbor City, CA, specializing in forming large, complex sheet metal components for aviation, including lipskins, nozzles, and complex assemblies. The acquisition will be integrated into Standex's Engineering Technologies Group segment and is expected to be earnings accretive in the first year.

The strategic acquisition expands Standex's product breadth and forming capabilities in commercial aviation, space, and defense applications, complementing their existing Spincraft business through technical exchanges and cross-selling opportunities.

Standex International (NYSE: SXI) has announced its Board of Directors' declaration of a quarterly cash dividend of $0.32 per share, representing a 6.7% increase compared to the previous year. The dividend will be paid on February 28, 2025, to shareholders of record as of February 14, 2025.

This marks Standex's 242nd consecutive quarterly dividend payment, maintaining an unbroken streak since the company went public in November 1964.

Standex International (NYSE: SXI) has announced it will release its second quarter fiscal 2025 financial results on Thursday, January 30, 2025, after market close. The company will host a conference call and webcast on Friday, January 31, 2025, at 8:30 a.m. ET.

During the call, President & CEO David Dunbar and CFO & Treasurer Ademir Sarcevic will discuss the quarterly results, business highlights, and company outlook. Investors can access the webcast and slide presentation through the 'Investors' section of Standex's website under 'Events and Presentations.' A replay will be available on the company's website after the presentation.

Standex International (NYSE:SXI) has announced its participation in the upcoming CJS Securities 25th Annual New Ideas for the New Year Virtual Conference, scheduled for Tuesday, January 14, 2025. The company will be represented by President & CEO David Dunbar and CFO Ademir Sarcevic.

Stakeholders interested in viewing the presentation can access it through the Investor Relations section of the Standex website (standex.com), specifically under the Events and Presentations subheading.

Standex International (NYSE:SXI) has acquired Michigan-based Custom Biogenic Systems (CBS) for $6.2 million in cash, financed from existing cash balance. CBS, a leader in cryogenic equipment manufacturing with estimated $15 million in revenues for 2024, will be integrated into Standex's Scientific business segment. The acquisition expands Standex's scientific refrigeration business into liquid nitrogen and controlled rate freezer markets. CBS specializes in developing advanced cryogenic equipment with dry liquid nitrogen technology for pharmaceutical and biobank markets. The acquisition is expected to be earnings accretive in the first year.

Northern Edge Advisors has successfully facilitated the sale of Amran Instrument Transformers and Narayan Powertech to Standex International (NYSE: SXI) in a landmark deal valued at $462 million. The transaction, involving both cash and stock considerations, represents Standex's largest acquisition to date. The Amran/Narayan Group, with manufacturing facilities in the US and India, is a market leader in instrument transformers serving customers in over 60 countries. The founders and leadership team will remain post-acquisition, working with Standex to drive continued growth. The deal aligns with Standex's strategy to focus on higher-margin business segments in faster-growing markets.

Standex International (NYSE: SXI) has acquired Amran Instrument Transformers and Narayan Powertech in a landmark $462 million deal, marking Standex's largest acquisition to date. The Amran/Narayan Group, with manufacturing presence in the US and India, is a leading manufacturer of low-voltage and medium-voltage instrument transformers serving over 60 countries. Their products are important for electrical grid applications, smart grid technology, data centers, and renewable energy systems. The acquisition will enhance Standex Electronics' portfolio, with Amran/Narayan's founders and leadership team continuing their involvement to support integration and growth initiatives.

Standex International (NYSE: SXI) has announced a change in its investor conference call schedule. The call will now take place at 10:00 a.m. ET today, replacing the originally planned call for October 30, 2024. During the call, President & CEO David Dunbar and CFO & Treasurer Ademir Sarcevic will discuss the company's first quarter fiscal 2025 financial results and the acquisition of Amran Instrument Transformers and Narayan Powertech. Investors can access the webcast and presentation slides through the 'Investors' section of Standex's website.

Standex International (NYSE: SXI) has acquired US-based Amran Instrument Transformers and India-based Narayan Powertech in transactions valued at approximately $462 million. The acquisitions, comprising both cash and stock, expand Standex's presence in the electrical grid market. Amran/Narayan Group, with manufacturing locations in the US and India, expects revenues of approximately $100 million in CY 2024 with an adjusted EBITDA margin above 40%. The group has grown revenue at ~30% CAGR over the last three years. The transactions are expected to be immediately accretive to Standex's revenue growth, EBITDA margin, operating margin, EPS, and free cash flow. Post-acquisition, Standex Electronics will represent more than 50% of the company.