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 (NYSE: SXI) is a global multi-industry manufacturer that regularly issues detailed updates on its operations, financial performance, and corporate developments. This news page aggregates Standex-related press releases and third-party coverage so readers can review the latest information in one place.
Standex’s news flow often centers on its five business segments: Electronics, Engineering Technologies, Scientific, Engraving, and Specialty Solutions. Earnings announcements provide segment-level results, commentary on demand trends in areas such as the electrical grid, electric and hybrid vehicles, renewable energy, commercialization of space, and defense, and updates on acquisitions and productivity initiatives. The company also reports on capital allocation topics, including dividends, debt repayment, and capital expenditures.
In addition to financial results, Standex issues releases about corporate actions and governance, such as the timing and agenda of its Annual Meeting of Shareholders, outcomes of shareholder votes, and changes in executive roles. The company highlights its long history of quarterly cash dividends since becoming a public corporation in November 1964, and periodically announces dividend increases along with the count of consecutive quarterly dividends.
Investors can also find announcements about Standex’s participation in investor conferences hosted by firms like CJS Securities, Melius Research, and D.A. Davidson, as well as updates on brand initiatives such as the refreshed Standex Electronics identity and the organization of Standex Detect, Standex Edge, and Standex Grid. This page allows readers to follow these developments over time and reference prior announcements as needed.
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.
Standex International (NYSE: SXI) reported fiscal Q1 2025 results with sales declining 7.7% to $170.5M. Despite revenue decline, the company achieved record gross margin of 41.1%, up 240 bps sequentially. The company announced acquisition of Amran/Narayan Group, its largest acquisition ever, expected to be immediately accretive to revenue growth, margins, and EPS. Adjusted operating margin remained stable at 15.9%, while adjusted EPS decreased 1.7% to $1.71. The company maintains a strong balance sheet with net cash position of $15.6M and expects market conditions to improve in second half of fiscal 2025.
Standex International (NYSE: SXI) has scheduled its first quarter fiscal 2025 financial results announcement for Tuesday, October 29, 2024, after market close. The company will host a conference call and webcast on Wednesday, October 30, 2024, at 8:30 a.m. ET. President & CEO David Dunbar and CFO & Treasurer Ademir Sarcevic will discuss quarterly results, business highlights, and outlook. Investors can access the webcast and presentation slides through the 'Investors' section of Standex's website.
Standex International (NYSE: SXI) has announced that its Board of Directors declared 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 November 22, 2024, to shareholders of record as of November 8, 2024. This marks the company's 241st consecutive quarterly dividend payment, maintaining an unbroken streak since becoming public in November 1964.