STOCK TITAN
  1. Home
  2. News
  3. SXI

Standex International Corporation - $SXI STOCK NEWS

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

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 Corporation'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 Corporation's position in the market.

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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
acquisition
-
News
STANDEX ANNOUNCES TIMING OF FIRST QUARTER FISCAL 2024 RESULTS
Rhea-AI Summary
Standex International Corporation will announce its first quarter fiscal 2024 financial results on November 2, 2023, and will broadcast its conference call live over the Internet on November 3, 2023. David Dunbar, President & CEO, and Ademir Sarcevic, CFO & Treasurer, will review the Company's financial results, business highlights, and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
Tags
earnings
News
STANDEX DECLARES 237th CONSECUTIVE QUARTERLY DIVIDEND
Rhea-AI Summary
Standex International Corporation (NYSE: SXI) has declared a quarterly cash dividend of $0.30 per share, representing a 7.1% year-on-year increase. The dividend will be payable on November 22, 2023, to shareholders of record on November 8, 2023. This is the 237th consecutive quarterly cash dividend declared by Standex since it became a public corporation in November 1964.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
Tags
dividends
-
News
STANDEX TO PRESENT AT WILLIAM BLAIR'S WHAT'S NEXT FOR INDUSTRIALS CONFERENCE
Rhea-AI Summary
Standex International Corporation to present at William Blair's Virtual 2023 What's Next for Industrials Conference on September 28, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.61%
Tags
conferences
-
News
STANDEX TO HOST FIRESIDE CHAT AT D.A. DAVIDSON 2023 INDUSTRIALS CONFERENCE
Rhea-AI Summary
Standex International CFO to host fireside chat at D.A. Davidson conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.59%
Tags
conferences
News
STANDEX TO PRESENT AT JEFFERIES 2023 INDUSTRIAL CONFERENCE
Rhea-AI Summary
Standex International Corporation's CEO to present at Jefferies 2023 Industrial Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.07%
Tags
conferences
-
News
STANDEX REPORTS FISCAL FOURTH QUARTER 2023 FINANCIAL RESULTS
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.03%
Tags
earnings
-
News
STANDEX ACQUIRES MINNTRONIX
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.11%
Tags
acquisition
News
STANDEX ANNOUNCES TIMING OF FOURTH QUARTER FISCAL 2023 RESULTS
Rhea-AI Summary
Standex International Corporation will announce its Q4 fiscal 2023 financial results on August 3, 2023, and hold a conference call on August 4, 2023, to review the results and business outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
earnings
Stock SXI logo
Standex International Corporation

NYSE:SXI

SXI Rankings

#1863 Ranked by Market Cap
#490 Ranked by Stock Gains
#1941 Ranked by Dividends

SXI Stock Data

2.08B
11.63M
2.01%
96.26%
1.66%
Food Product Machinery Manufacturing
Manufacturing
Link
United States of America
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.