Standex Intl Stock Price, News & Analysis

Standex International Corporation (NYSE:SXI) has acquired Sensor Solutions for approximately $9.7 million in cash, funded from existing cash reserves. The acquisition is anticipated to slightly enhance earnings and consolidate free cash flow in the first year. Sensor Solutions, based in Colorado, generates around $4.3 million in annual revenues and specializes in customizable magnetic sensors for various sectors including automotive and medical. This acquisition strengthens Standex's position in high-growth markets such as electric vehicles and industrial automation.

Standex International Corporation (NYSE:SXI) reported a strong second quarter for fiscal year 2022, achieving net sales of $185.7 million, an increase of 18.8% year-over-year. Adjusted operating income rose 41.7% to $25.2 million, with an adjusted operating margin of 13.6%, up 220 bps year-over-year. The company generated free cash flow of $18.9 million, reflecting an 11.6% year-over-year increase. Looking forward, Standex anticipates revenue growth driven by its Specialty Solutions and Electronics segments.

Standex International Corporation (NYSE: SXI) will announce its second quarter fiscal 2022 financial results on February 3, 2022, after market close. The live conference call is scheduled for February 4, 2022, at 8:30 a.m. ET, where CEO David Dunbar and CFO Ademir Sarcevic will discuss the results, business highlights, and future outlook. Interested investors can access the webcast and presentation on Standex's website, with a replay available shortly after the event.

Standex International Corporation (NYSE: SXI) has declared a quarterly cash dividend of $0.26 per share, payable on February 25, 2022, to shareholders of record by February 11, 2022. This marks the company's 230th consecutive quarterly cash dividend, maintaining a consistent dividend payout since its public listing in November 1964. Standex operates in five segments, including Electronics and Scientific, across multiple countries.

Standex International Corporation (NYSE:SXI) has announced that David Dunbar, Chairman, President & CEO, and Ademir Sarcevic, Vice President, CFO & Treasurer, will present at the Baird 2021 Global Industrial Conference on November 11, 2021, at 2:35 PM ET. Investors can access the live webcast and presentation on the company’s Investor Relations page. A replay will be available after the event. Standex operates globally in five segments including Electronics and Specialty Solutions.

Standex International Corporation (NYSE: SXI) reported a strong first quarter for fiscal year 2022, ending September 30, 2021, with net sales of $175.6 million, up 16.1% year-over-year. Operating income rose by 59% to $22.8 million, while diluted EPS increased 54.8% to $1.30. The company reported a free cash flow of $8.1 million and a net debt to EBITDA ratio of 0.58x. Looking ahead, Standex expects continued revenue and margin growth driven by a healthy backlog and positive market trends in sectors like electric vehicles and renewable energy.

Standex International Corporation (NYSE:SXI) will report its first quarter fiscal 2022 financial results on November 4, 2021, after market close. A live conference call is scheduled for November 5, 2021, at 8:30 a.m. ET. CEO David Dunbar and CFO Ademir Sarcevic will discuss the results and outlook. Investors can access the webcast through the company's website. Standex operates in diverse sectors, including Electronics and Engineering Technologies, with a global footprint.

Standex International Corporation (NYSE: SXI) has declared a quarterly cash dividend of $0.26 per share, marking an 8% increase from previous payments. This dividend will be paid on November 24, 2021, to shareholders recorded by November 8, 2021. This also marks the company's 229th consecutive quarterly dividend since its public listing in November 1964, reflecting a consistent commitment to returning value to shareholders.

Standex International Corporation (NYSE:SXI) will present at the Sidoti Fall 2021 Virtual Small Cap Conference on September 23, 2021, at 1:45 PM ET. The presentation will be led by Chairman, President & CEO David Dunbar and CFO Ademir Sarcevic. Interested parties can follow the live webcast on the Investor Relations section of Standex's website under 'Events and Presentations.' A replay will also be available after the event. Standex is a global multi-industry manufacturer with operations across various countries, including the US, Europe, and Asia.