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 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 (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.
Standex International (NYSE:SXI) has announced its participation in the D.A. Davidson 23rd Annual Diversified Industrials & Services Conference. The event will take place on Thursday, September 19, 2024, in Nashville, Tennessee. David Dunbar, President & CEO of Standex, will represent the company at the conference.
Investors and interested parties can access Standex's presentation through the company's official website. The presentation will be available in the Investor Relations section, under the Events and Presentations subheading at standex.com. This conference provides an opportunity for Standex to showcase its business strategies and connect with industry professionals and potential investors.
Standex International (NYSE: SXI) reported financial results for Q4 FY2024. Key highlights include:
- Q4 sales declined 4.3% to $180.2M, with acquisitions and fast growth markets partially offsetting organic decline
- Q4 adjusted operating margin of 16.0%, up 60 bps sequentially and YOY
- FY2024 record profit and cash generation:
- Adjusted gross margin of 39.4%, up 90 bps YOY
- Adjusted operating margin of 15.8%, up 60 bps YOY
- Free cash flow of $73M
For FY2025, Standex plans to release over a dozen new products, expecting to contribute over 100 bps of growth. Fast growth market sales are projected to grow >20% and exceed $110M. The company anticipates improved market conditions leading to a healthier growth backdrop in 2H FY2025.
Standex International (NYSE: SXI) has announced its 240th consecutive quarterly cash dividend. The Board of Directors declared a quarterly dividend of $0.30 per share, representing an approximately 7.1% year-on-year increase. This dividend will be payable on August 23, 2024, to shareholders of record as of August 9, 2024. Standex has maintained a consistent record of paying dividends every quarter since becoming a public in November 1964, showcasing its commitment to shareholder returns.
Standex International (NYSE: SXI) has announced the timing for its fourth quarter fiscal 2024 financial results. The company will release its results on Thursday, August 1, 2024, after the market closes. A conference call and webcast are scheduled for Friday, August 2, 2024, at 8:30 a.m. ET.
During the call, President & CEO David Dunbar and CFO & Treasurer Ademir Sarcevic will review the company's financial results, business highlights, and outlook. Investors can access the webcast and slide presentation through the 'Investors' section of Standex's website under 'Events and Presentations'. A replay of the webcast will be available shortly after the presentation concludes.
Standex International (NYSE:SXI) has announced that its President & CEO, David Dunbar, will present at the CJS Securities 24th Annual New Ideas Summer Conference. The event will take place in White Plains, New York, on July 10, 2024. Those interested can access the presentation via the Investor Relations section on Standex's website, under Events and Presentations.
Standex International (SXI) will participate in the Barrington Research Virtual Spring Investment Conference with its President & CEO and CFO presenting on May 16, 2024. The presentation can be accessed on Standex's investor relations website.
Standex International (NYSE: SXI) reported financial results for the third quarter of fiscal year 2024, with total net sales of $177.3 million, GAAP gross margin of 38.5%, adjusted gross margin of 39.0%, and GAAP operating margin of 12.3%. The company completed the acquisition of Japanese-based Sanyu Switch Co., The fast growth market sales increased by 9% year-on-year to $26 million. Despite a 5.7% organic sales decline, the company expects a return to organic growth rates in FY25. Standex aims to achieve a long-term target of greater than 19% operating margin by fiscal year 2028. The company generated record free cash flow of $19.3 million in the fiscal third quarter and remains optimistic about the long-term trends in fast growth end markets.
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