STANDEX REPORTS FISCAL FIRST QUARTER 2027 FINANCIAL RESULTS

Standex expects organic sales to increase by more than $100 million in fiscal 2027 as it expands Electronics Grid capacity.

Rhea-AI Summary

Standex International (SXI) reported fiscal first-quarter 2027 sales of $232.6 million, with Electronics growth supporting higher earnings and a raised outlook. Sales rose 7.0% year over year, including 12.4% organic growth, in the quarter ended September 30, 2026. GAAP net income from continuing operations increased 53.1% to $24.2 million; adjusted diluted earnings per share rose 21.1% to $2.41. Adjusted operating margin reached 20.2%, up 110 basis points.

Orders totaled approximately $273 million. Electronics revenue rose 27.1%, while Engraving & Hydraulics revenue fell 14.9%. Standex raised its fiscal 2027 outlook to high-single-digit sales growth and expects high-teens adjusted earnings-per-share growth. A new authorization permits up to $100 million in share repurchases. The quarterly dividend increased to $0.36 per share. Free cash flow fell to $9.1 million from $10.4 million a year earlier.

34 points · 1 major

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0 major · 11 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.Fiscal 2027 sales outlook raised to high-single-digit growth from mid-to-high single digits.
• Moderate pointSales of $232.6 million increased 7.0% year over year and 1.9% sequentially.
• Moderate pointGAAP continuing net income of $24.2 million rose 53.1% year over year and 2.6% sequentially.
• Moderate pointAdjusted diluted EPS of $2.41 rose 21.1% year over year, but fell 1.6% sequentially.
• Moderate pointGAAP operating income of $40.4 million increased 36.4% year over year and 7.6% sequentially.
• Moderate pointGAAP operating margin reached 17.4%, versus 13.6% a year earlier and 16.5% sequentially.
• Moderate pointAdjusted operating margin reached 20.2%, up 110 basis points year over year and 30 sequentially.
• Moderate pointGross margin reached 44.4% on both GAAP and adjusted bases; adjusted margin rose 240 basis points year over year.
• Moderate pointOrders reached approximately $273 million, with a 1.17 ratio of orders to sales.
• Moderate pointElectronics revenue rose 27.1% to $140.5 million, including 29.5% organic growth.
• Moderate pointElectronics adjusted operating income rose 29.6% to $41.3 million; margin increased to 29.4% from 28.8%.
• Moderate pointUp to $100 million buyback authorization replaces approximately $23.5 million remaining under the prior authorization. 3.3% of market cap
• Moderate pointNet debt fell to $401.2 million from $446.0 million a year earlier.

21 minor points

• Minor pointOrganic sales growth reached 12.4% in fiscal first-quarter 2027.
• Minor pointAdjusted operating income of $47.0 million increased 13.1% year over year and 3.6% sequentially.
• Minor pointNew product sales grew 56%; sales into fast growth markets grew 25%.
• Minor point. Forward-looking: it has not happened yet and may not happen.Standex expects fiscal 2027 organic sales to increase by more than $100 million.
• Minor point. Forward-looking: it has not happened yet and may not happen.Standex expects high-teens adjusted EPS growth in fiscal 2027, supported by sales and margin expansion.
• Minor point. Forward-looking: it has not happened yet and may not happen.Standex plans more than 20 new products, expected to contribute more than 300 basis points of incremental growth.
• Minor point. Forward-looking: it has not happened yet and may not happen.Standex expects fast growth market sales to rise greater than 20% to greater than $315 million.
• Minor point. Forward-looking: it has not happened yet and may not happen.Standex expects fiscal second-quarter revenue and adjusted operating margin moderately higher year over year.
• Minor pointElectronics orders reached approximately $173 million, with an approximately 1.23 ratio of orders to sales.
• Minor point. Forward-looking: it has not happened yet and may not happen.Standex expects Electronics second-quarter revenue significantly higher year over year and adjusted margin slightly higher.
• Minor pointAerospace & Defense revenue rose 5.1% to $31.4 million year over year.
• Minor pointAerospace & Defense adjusted operating income rose 24.6% to $6.3 million; margin reached 19.9% versus 16.8%.
• Minor point. Forward-looking: it has not happened yet and may not happen.Standex expects Aerospace & Defense second-quarter revenue significantly higher sequentially and adjusted margin slightly higher.
• Minor pointScientific revenue rose 1.8% to $19.8 million year over year.
• Minor pointScientific adjusted operating income rose 18.7% to $5.8 million; margin reached 29.5% versus 25.3%.
• Minor point. Forward-looking: it has not happened yet and may not happen.Standex expects Scientific second-quarter revenue similar to slightly higher sequentially, with similar adjusted operating margin.
• Minor pointEngraving & Hydraulics adjusted margin increased to 16.4% from 16.0% a year earlier.
• Minor pointQuarterly dividend increased approximately 5.9% year over year to $0.36, payable November 20, 2026.
• Minor point. Forward-looking: it has not happened yet and may not happen.Standex plans Electronics Grid capacity expansion, driving the expected fiscal 2027 capital expenditure increase.
• Minor pointInterest expense declined to $7.224 million from $8.912 million a year earlier.
• Minor pointRestructuring costs declined to $1.029 million from $5.997 million a year earlier.

Negative

• Moderate pointFree cash flow fell to $9.1 million from $10.4 million year over year and $35.0 million sequentially.
• Moderate pointCash and equivalents fell to $116.840 million from $178.734 million at June 30, 2026.
• Moderate pointEngraving & Hydraulics revenue fell 14.9% to $40.9 million, including a 15.7% organic decline.
• Moderate pointSelling, general and administrative expenses rose to $56.176 million from $49.832 million a year earlier.
• Minor pointOperating cash flow fell to $15.7 million from $16.8 million a year earlier.

6 minor points

• Minor pointNet debt to EBITDA reached 2.0x, versus 1.8x sequentially, though below 2.4x a year earlier.
• Minor pointEngraving & Hydraulics adjusted operating income fell 12.8% to $6.7 million year over year.
• Minor point. Forward-looking: it has not happened yet and may not happen.Standex expects Engraving & Hydraulics second-quarter revenue and adjusted operating margin slightly lower sequentially.
• Minor pointForeign currency reduced Electronics revenue growth by 2.4% year over year.
• Minor point. Forward-looking: it has not happened yet and may not happen.Second-quarter interest expense is expected between $7.0 million and $7.5 million.
• Minor pointLoss on sale of business totaled $900,000, versus none a year earlier.

News Explained

On October 27, the board’s authorization of up to $100 million replaced, rather than added to, about $23.5 million remaining under the prior authorization; Standex repurchased no shares under its program during fiscal first-quarter 2027.

Key Figures

Net sales: $232.6 million Organic sales growth: 12.4% Adjusted operating margin: 20.2%, up 110 bps +5 more

Net sales

$232.6 million

1Q27

Organic sales growth

12.4%

1Q27 year over year

Adjusted operating margin

20.2%, up 110 bps

1Q27 year over year

Adjusted diluted EPS

$2.41, up 21.1%

1Q27 year over year

Total sales growth outlook

High-single digits

FY27; raised from mid-to-high single digits

Organic sales outlook

Increase by more than $100 million

FY27

Adjusted EPS growth outlook

High teens

FY27

Share repurchase authorization

Up to $100 million

Authorized October 27, 2026

Previous Earnings Reports

2 past events · Latest: Jul 30

Same Type 2 events

1. Jul 30

   Quarterly earnings

   24h Move

   +3.2%

   FY27 sales growth outlook was mid-to-high single digits before the current increase to high-single digits.

2. Oct 30

   Quarterly earnings

   24h Move

   -2.3%

   Q1 FY26 sales rose 27.6% year over year and adjusted operating margin was 19.1%.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

gaap, ebitda, book-to-bill

3 terms

gaap financial

"Record GAAP and Adjusted Gross Margin of 44.4%"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

ebitda financial

"EBITDA | $48.9 | $39.7 | $48.1"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

View in glossary

book-to-bill financial

"Electronics segment led the way with approximately 30% organic growth and a book-to-bill of 1.23."

The book-to-bill ratio compares new orders a company has received (bookings) to the products or services it has invoiced or shipped (billings) over the same period. It matters to investors because a ratio above 1 means demand is outpacing fulfillment and the company may grow revenue or build backlog, while a ratio below 1 suggests slowing demand and possible future revenue weakness — think of it as new customer orders versus what the company actually sold.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• Record Sales of $232.6 Million, Up 12.4% YOY Organically; Electronics Up 29.5% YOY Organically
• New Product Sales Grew 56% and Sales into Fast Growth Markets Grew 25%
• Record Order Intake of ~$273 Million; Book to Bill of 1.17
• Record GAAP and Adjusted Gross Margin of 44.4%, Up 240 bps YOY on Adj. Basis
• GAAP Operating Margin of 17.4%; Adjusted Operating Margin of 20.2%, Up 110 bps YOY
• Raising FY27 Outlook; Organic Sales to Increase >$100 Million and Adjusted Earnings per Share to Grow High Teens
• Announced New $100 Million Share Repurchase Authorization Supported by Strong Balance Sheet and Liquidity Position

SALEM, N.H., Oct. 29, 2026 /PRNewswire/ -- Standex International Corporation (NYSE: SXI) today reported financial results for the first quarter of fiscal year 2027 ended September 30, 2026.

Summary Financial Results - Total
($M except EPS and Dividends)	1Q27	1Q26	4Q26	Y/Y	Q/Q
Net Sales	$232.6	$217.4	$228.3	7.0 %	1.9 %
Operating Income – GAAP	$40.4	$29.6	$37.5	36.4 %	7.6 %
Operating Income – Adjusted	$47.0	$41.6	$45.4	13.1 %	3.6 %
Operating Margin % - GAAP	17.4 %	13.6 %	16.5 %	380 bps	90 bps
Operating Margin % - Adjusted	20.2 %	19.1 %	19.9 %	110 bps	30 bps
Net Income from Continuing Ops – GAAP	$24.2	$15.8	$23.6	53.1 %	2.6 %
Net Income from Continuing Ops – Adjusted	$29.3	$24.0	$29.7	21.8 %	-1.6 %
EBITDA	$48.9	$39.7	$48.1	23.2 %	1.8 %
EBITDA margin	21.0 %	18.3 %	21.1 %	270 bps	- 10 bps
Adjusted EBITDA	$51.2	$47.1	$51.5	8.7 %	-0.6 %
Adjusted EBITDA margin	22.0 %	21.7 %	22.6 %	30 bps	- 60 bps
Diluted EPS – GAAP	$1.99	$1.25	$1.69	59.6 %	17.8 %
Diluted EPS – Adjusted	$2.41	$1.99	$2.45	21.1 %	-1.6 %
Dividends per Share	$0.34	$0.32	$0.34	6.3 %	0.0 %
Free Cash Flow	$9.1	$10.4	$35.0	-12.3 %	-74.1 %
Net Debt to EBITDA	2.0x	2.4x	1.8x	-16.7 %	11.1 %

Commenting on the quarter's results, President and Chief Executive Officer David Dunbar said, "We are off to a strong start to fiscal 2027. Our strategy with multiple independent growth drivers is accelerating growth and expanding margins. We delivered record sales of $232.6 million, driven by 12.4% organic growth. Strong end market demand driven by electrification, data center and defense needs, new products from our ongoing growth investments, and a recovery in general industrial market contributed to this growth. Our Electronics segment led the way with approximately 30% organic growth and a book-to-bill of 1.23. Sales from fast growth markets were approximately $78 million this quarter, and we are now on track to exceed $315 million in fiscal year 2027. Adjusted operating margin rose 110 basis points year over year to 20.2% with margin expansion across each of our segments. We ended the quarter with net leverage of 2.0x, providing flexibility to continue investing for future growth.

Considering first quarter results and our expanding backlog, we are raising our fiscal year 2027 outlook based on multiple growth engines."

Fiscal Second Quarter 2027 Outlook

In fiscal second quarter 2027, on a year-on-year basis, the Company expects moderately higher revenue and adjusted operating margin.

On a sequential basis, the Company expects slightly higher revenue and similar adjusted operating margin.

Fiscal Year 2027 Outlook

For fiscal year 2027, the Company is raising its outlook to high-single digits total sales growth, from mid-to-high single digits previously. The Company now anticipates organic sales to increase by more than $100 million in fiscal year 2027. The Company expects higher sales and adjusted operating margin expansion to drive high teens growth in adjusted earnings per share.

The Company is on track to release more than 20 new products, which are expected to contribute more than 300 bps of incremental growth. Sales from fast growth markets are now expected to grow greater than 20% year-on-year to greater than $315 million.

First Quarter Segment Operating Performance

Electronics (60% of sales; 69% of segment adjusted operating income)

	1Q27	1Q26	% Change
Electronics ($M)
Revenue	140.5	110.6	27.1 %
GAAP Operating Income	37.9	28.3	33.9 %
GAAP Operating Margin %	27.0	25.6
Adjusted Operating Income	41.3	31.9	29.6 %
Adjusted Operating Margin %	29.4	28.8

Revenue increased approximately $29.9 million or 27.1% year-on-year, reflecting organic growth of 29.5%, partially offset by a foreign currency impact of 2.4%. Organic growth was driven by sales into fast growth markets, strong general industrial markets, and increased new product sales. Adjusted operating income increased approximately $9.4 million or 29.6% year-on-year due to higher volume and pricing initiatives, partially offset by growth investments and higher variable compensation expenses.

The segment had a book-to-bill ratio of approximately 1.23 in the fiscal first quarter, with record orders of approximately $173 million.

In fiscal second quarter 2027, on a sequential basis, the Company expects slightly higher revenue and similar adjusted operating margin. On a year-on-year basis, the Company expects significantly higher revenue and slightly higher adjusted operating margin.

Aerospace & Defense (14% of sales; 10% of segment adjusted operating income)

	1Q27		1Q26	% Change
Aerospace & Defense ($M)
Revenue	31.4		29.9	5.1 %
GAAP Operating Income	5.8		3.6	61.6 %
GAAP Operating Margin %	18.6		12.1
Adjusted Operating Income	6.3		5.0	24.6 %
Adjusted Operating Margin %	19.9		16.8

Revenue increased approximately $1.5 million or 5.1% year-on-year reflecting organic growth from project activity in the space and defense end markets, partially offset by project timing. Adjusted operating income increased approximately $1.2 million or 24.6% year-on-year reflecting higher volume and project mix.

In fiscal second quarter 2027, on a sequential basis, the Company expects significantly higher revenue and slightly higher adjusted operating margin.

Scientific (9% of sales; 10% of segment adjusted operating income)

	1Q27	1Q26	% Change
Scientific ($M)
Revenue	19.8	19.5	1.8 %
GAAP Operating Income	5.6	4.7	19.9 %
GAAP Operating Margin %	28.3	24.1
Adjusted Operating Income	5.8	4.9	18.7 %
Adjusted Operating Margin %	29.5	25.3

Revenue increased approximately $0.3 million or 1.8% year-on-year reflecting organic growth from pricing initiatives and a slight market recovery. Adjusted operating income increased approximately $0.9 million or 18.7% year-on-year.

In fiscal second quarter 2027, on a sequential basis, the Company expects similar to slightly higher revenue and similar adjusted operating margin.

Engraving & Hydraulics (18% of sales; 11% of segment adjusted operating income)

	1Q27	1Q26	% Change
Engraving & Hydraulics ($M)
Revenue	40.9	48.0	-14.9 %
GAAP Operating Income	6.4	7.4	-12.5 %
GAAP Operating Margin %	15.8	15.3
Adjusted Operating Income	6.7	7.7	-12.8 %
Adjusted Operating Margin %	16.4	16.0

Revenue decreased approximately $7.2 million or 14.9% year-on-year reflecting an organic decline of 15.7% from softness in the North American automotive market, partially offset by a foreign currency benefit of 0.7%. Adjusted operating income decreased approximately $1.0 million or 12.8% year-on-year.

In fiscal second quarter 2027, on a sequential basis, the Company expects slightly lower revenue and adjusted operating margin.

Capital Allocation

• Interest: In fiscal second quarter 2027, the Company expects interest expense between $7.0 million and $7.5 million.

• Share Repurchase: The Company did not repurchase shares under its share repurchase program during the fiscal first quarter of 2027. On October 27, 2026, the Company's Board of Directors authorized the repurchase of up to $100 million of the Company's common stock, replacing and superseding the approximately $23.5 million that remained available under the prior authorization.

• Capital Expenditures: In fiscal first quarter 2027, the Company's capital expenditures were $6.6 million compared to $6.4 million in the fiscal first quarter of 2026. The Company expects fiscal year 2027 capital expenditures between $45 million and $55 million. The increase over fiscal year 2026 is primarily due to capacity expansion within Standex Electronics Grid. Capital expenditures were $25.2 million in fiscal year 2026.

• Dividend: On October 22, 2026, the Company declared a quarterly cash dividend of $0.36 per share, an approximately 5.9% year-on-year increase. The dividend is payable November 20, 2026, to shareholders of record on November 6, 2026.

Balance Sheet and Cash Flow Highlights

• Net Debt: Standex had net (cash) debt of $401.2 million on September 30, 2026, compared to $446.0 million at the end of fiscal first quarter 2026. Net (cash) debt for the first quarter of 2027 consisted primarily of long-term debt of $518.1 million and cash and equivalents of $116.8 million.

• Cash Flow: Net cash provided by continuing operating activities for the three months ended September 30, 2026, was $15.7 million compared to $16.8 million in the prior year's quarter. Free cash flow after capital expenditures was $9.1 million compared to free cash flow after capital expenditures of $10.4 million in the fiscal first quarter of 2026. 

Conference Call Details

Standex will host a conference call for investors tomorrow, October 30, 2026, at 8:30 a.m. ET. On the call, David Dunbar, President and CEO, and Ademir Sarcevic, CFO, will review the Company's financial results and business and operating highlights. Investors interested in listening to the webcast and viewing the slide presentation should log on to the "Investors" section of Standex's website under the subheading, "Events and Presentations," located at www.standex.com.

A replay of the webcast will also be available on the Company's website shortly after the conclusion of the presentation online through October 30, 2027. To listen to the teleconference playback, please dial in the U.S. (888) 660-6345 or (646) 517-4150 internationally; the passcode is 25368#. The audio playback via phone will be available through November 6, 2026. The webcast replay can be accessed in the "Investor Relations" section of the Company's website, located at www.standex.com.

Use of Non-GAAP Financial Measures

In addition to the financial measures prepared in accordance with generally accepted accounting principles ("GAAP"), the Company uses certain non-GAAP financial measures, including non-GAAP adjusted income from operations, non-GAAP adjusted net income from continuing operations, free operating cash flow, EBITDA (earnings before interest, taxes, depreciation and amortization) adjusted EBITDA, adjusted EBITDA to net debt, and adjusted earnings per share. The attached financial tables reconcile non-GAAP measures used in this press release to the most directly comparable GAAP measures. The Company believes that the use of non-GAAP measures which exclude the impact of restructuring charges, purchase accounting, amortization from acquired intangible assets, insurance recoveries, discrete tax events, gain or loss on sale of a business unit, acquisition costs, and litigation costs help investors to obtain a better understanding of our operating results and prospects, consistent with how management measures and forecasts the Company's performance, especially when comparing such results to previous periods.  An understanding of the impact in a particular quarter of specific restructuring costs, acquisition expenses, or other gains and losses, on net income (absolute as well as on a per-share basis), operating income or EBITDA can give management and investors additional insight into core financial performance, especially when compared to quarters in which such items had a greater or lesser effect, or no effect.  Non-GAAP measures should be considered in addition to, and not as a replacement for, the corresponding GAAP measures, and may not be comparable to similarly titled measures reported by other companies.

About Standex

Standex International Corporation is a multi-industry manufacturer in four broad business segments: Electronics, Aerospace & Defense, Scientific, and Engraving & Hydraulics with operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China. For additional information, visit the Company's website at https://standex.com/.

Forward-Looking Statements

Statements contained in this Press Release that are not based on historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terminology such as "should," "could," "may," "will," "expect," "believe," "estimate," "anticipate," "intend," "continue," or similar terms or variations of those terms or the negative of those terms. There are many factors that affect the Company's business and the results of its operations and that may cause the actual results of operations in future periods to differ materially from those currently expected or anticipated. These factors include, but are not limited to: the impact of global crises or catastrophic events on employees, our supply chain, and the demand for our products and services around the world; materially adverse or unanticipated legal judgments, fines, penalties or settlements; conditions in the financial and banking markets, including fluctuations in exchange rates and the inability to repatriate foreign cash; domestic and international economic conditions, including the impact, length and degree of economic downturns on the customers and markets we serve and more specifically conditions in the electrical grid, automotive, construction, aerospace, defense, transportation, food service equipment, consumer appliance, energy, oil and gas and general industrial markets; lower-cost competition; the relative mix of products which impact margins and operating efficiencies in certain of our businesses; the impact of higher raw material and component costs, particularly steel, certain materials used in electronics parts, petroleum based products, and refrigeration components; the impact of higher transportation and logistics costs, especially with respect to transportation of goods from Asia; the impact of inflation on the costs of providing our products and services; an inability to realize the expected cost savings from restructuring activities including effective completion of plant consolidations, cost reduction efforts including procurement savings and productivity enhancements, capital management improvements, strategic capital expenditures, and the implementation of lean enterprise manufacturing techniques; the potential for losses associated with the exit from or divestiture of businesses that are no longer strategic or no longer meet our growth and return expectations; the inability to achieve the savings expected from global sourcing of raw materials and diversification efforts in emerging markets; the impact on cost structure and on economic conditions as a result of actual and threatened increases in trade tariffs; the inability to attain expected benefits from acquisitions and the inability to effectively consummate and integrate such acquisitions and achieve synergies envisioned by the Company; increased costs from acquisitions to improve and coordinate managerial, operational, financial, and administrative systems, including internal controls over financial reporting and  compliance with the Sarbanes-Oxley Act of 2002, and other costs related to such systems in connection with acquired businesses; market acceptance of our products; our ability to design, introduce and sell new products and related product components; the ability to redesign certain of our products to continue meeting evolving regulatory requirements; the impact of delays initiated by our customers; our ability to increase manufacturing production to meet demand including as a result of labor shortages; the impact on our operations of any successful cybersecurity attacks; and potential changes to future pension funding requirements. For a more comprehensive discussion of these and other factors, see the "Risk Factors" section of the Company's most recent annual report on Form 10-K filed with the SEC and available on the Company's website. In addition, any forward-looking statements represent management's estimates only as of the day made and should not be relied upon as representing management's estimates as of any subsequent date. While the Company may elect to update forward-looking statements at some point in the future, the Company and management specifically disclaim any obligation to do so, even if management's estimates change.

Standex International Corporation
Consolidated Statement of Operations
(unaudited)
			Three Months Ended
			September 30,
(In thousands, except per share data)			2026			2025
Net sales		$	232,575			217,431
Cost of sales			129,375			126,998
Gross profit			103,200			90,433
Selling, general and administrative expenses			56,176			49,832
(Gain) Loss on sale of business			900			-
Restructuring costs			1,029			5,997
Amortization of acquired intangible assets			4,302			4,537
Acquisition related costs			375			433
Income from operations			40,418			29,634
Interest expense			7,224			8,912
Other non-operating (income) expense, net			1,036			(265)
Total			8,260			8,647
Income from continuing operations before income taxes			32,158			20,987
Provision for income taxes			7,931			5,165
Net income from continuing operations			24,227			15,822
Income (loss) from discontinued operations, net of tax			(61)			(27)
Net income			24,166			15,795
Less: net income attributable to redeemable noncontrolling interest			-			739
Net income attributable to Standex International		$	24,166		$	15,056
Basic earnings per share:
Income (loss) from discontinued operations			(0.01)			-
Total income (loss) attributable to Standex International		$	2.00		$	1.26
Diluted earnings per share:
Income (loss) from discontinued operations			(0.01)			-
Total income (loss) attributable to Standex International		$	1.98		$	1.25
Average Shares Outstanding
Basic			12,069			12,013
Diluted			12,146			12,047

 

Standex International Corporation
Condensed Consolidated Balance Sheets
(unaudited)
			September 30,			June 30,
(In thousands)			2026			2026
ASSETS
Current assets:
Cash and cash equivalents		$	116,840			178,734
Accounts receivable, net			168,595			172,896
Inventories			142,692			128,960
Prepaid expenses and other current assets			85,149			71,165
Total current assets			513,276			551,755
Property, plant, equipment, net			153,727			153,024
Intangible assets, net			194,625			199,479
Goodwill			580,782			581,553
Deferred tax asset			4,263			4,409
Operating lease right-of-use asset			42,900			45,400
Other non-current assets			50,155			50,088
Total non-current assets			1,026,452			1,033,953
Total assets		$	1,539,728		$	1,585,708
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable		$	79,410			80,098
Accrued liabilities			65,165			131,999
Income taxes payable			16,261			17,419
Total current liabilities			160,836			229,516
Long-term debt			518,058			517,950
Operating lease long-term liabilities			32,769			35,814
Accrued pension and other non-current liabilities			50,292			47,214
Total non-current liabilities			601,119			600,978
Redeemable non-controlling interest			-			-
Stockholders' equity:
Common stock			41,976			41,976
Additional paid-in capital			130,818			127,621
Retained earnings			1,235,413			1,215,329
Accumulated other comprehensive loss			(196,691)			(199,061)
Treasury shares			(433,743)			(430,651)
Total stockholders' equity			777,773			755,214
Total liabilities, redeemable noncontrolling interest and stockholders' equity		$	1,539,728		$	1,585,708

 

Standex International Corporation and Subsidiaries
Statements of Consolidated Cash Flows
(unaudited)
			Three Months Ended
			September 30,
(In thousands)			2026			2025
Cash Flows from Operating Activities
Net income		$	24,166			15,795
Income (loss) from discontinued operations			(61)			(27)
Income from continuing operations			24,227			15,822
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			9,548			9,817
Stock-based compensation			3,534			1,774
Non-cash portion of restructuring charge			-			149
(Gain) Loss on sale of business			900			-
Contributions to defined benefit plans			(159)			(1,285)
Net changes in operating assets and liabilities			(22,380)			(9,469)
Net cash provided by operating activities - continuing operations			15,670			16,808
Net cash provided by (used in) operating activities - discontinued operations			(79)			18
Net cash provided by (used in) operating activities			15,591			16,826
Cash Flows from Investing Activities
Capital Expenditures			(6,563)			(6,420)
Other investing activities			-			59
Net cash provided by (used in) investing activities			(6,563)			(6,361)
Cash Flows from Financing Activities
Proceeds from borrowings			8,000			-
Payments of debt			(8,000)			(8,000)
Purchase of/distribution to non-controlling interests			(64,000)			(725)
Cash dividend paid			(4,029)			(3,836)
Purchase of treasury stock and other			(4,285)			(4,072)
Activity under share-based payment plans			856			1,140
Net cash provided by (used in) financing activities			(71,458)			(15,493)
Effect of exchange rate changes on cash			536			(861)
Net changes in cash and cash equivalents			(61,894)			(5,889)
Cash and cash equivalents at beginning of year			178,734			104,542
Cash and cash equivalents at end of period		$	116,840		$	98,653

 

Standex International Corporation
Selected Segment Data
(unaudited)
			Three Months Ended
			September 30,
(In thousands)			2026			2025
Net Sales
Electronics		$	140,501		$	110,553
Aerospace & Defense			31,428			29,894
Scientific			19,794			19,450
Engraving & Hydraulics			40,852			48,012
Other			-			9,522
Total		$	232,575		$	217,431
Income from operations
Electronics		$	37,866		$	28,283
Aerospace & Defense			5,844			3,617
Scientific			5,607			4,678
Engraving & Hydraulics			6,435			7,351
Other			-			2,075
Restructuring			(1,029)			(5,997)
Gain (Loss) on sale of business			(900)			-
Acquisition related costs			(375)			(433)
Corporate			(13,030)			(9,940)
Total		$	40,418		$	29,634

 

Standex International Corporation
Reconciliation of GAAP to Non-GAAP Financial Measures
(unaudited)
				Three Months Ended
				September 30,
(In thousands, except percentages)				2026			2025		% Change
Adjusted income from operations and adjusted net income from continuing operations:
Net Sales			$	232,575		$	217,431		7.0 %
Income from operations, as reported			$	40,418		$	29,634		36.4 %
	Income from operations margin			17.4 %			13.6 %
Adjustments:
	Restructuring charges			1,029			5,997
	Acquisition-related costs			375			433
	Amortization of acquired intangible assets			4,302			4,537
	(Gain) Loss on sale of business			900			-
	Purchase accounting expenses			-			993
Adjusted income from operations			$	47,024		$	41,594		13.1 %
	Adjusted income from operations margin			20.2 %			19.1 %
	Interest and other income (expense), net			(8,260)			(8,647)
	Provision for income taxes			(7,931)			(5,165)
	Discrete and other tax items			-			-
	Tax impact of above adjustments			(1,565)			(3,005)
Net income from continuing operations, as adjusted				29,268			24,777
	Less: net income attributable to redeemable noncontrolling interest			-			739
Net income from continuing operations attributable to Standex, as adjusted			$	29,268		$	24,038		21.8 %
EBITDA and Adjusted EBITDA:
Net income (loss) from continuing operations, as reported			$	24,227		$	15,822		53.1 %
	Net income from continuing operations margin			10.4 %			7.3 %
Add back:
	Provision for income taxes			7,931			5,165
	Interest expense			7,224			8,912
	Depreciation and amortization			9,548			9,817
EBITDA			$	48,930		$	39,716		23.2 %
	EBITDA Margin			21.0 %			18.3 %
Adjustments:
	Restructuring charges			1,029			5,997
	Acquisition-related costs			375			433
	(Gain) loss on sale of business			900			-
	Purchase accounting expenses			-			993
Adjusted EBITDA			$	51,234		$	47,139		8.7 %
	Adjusted EBITDA Margin			22.0 %			21.7 %
Free operating cash flow:
Net cash provided by operating activities - continuing operations, as reported			$	15,670		$	16,808
Less: Capital expenditures				(6,563)			(6,420)
Free cash flow from continuing operations			$	9,107		$	10,388

 

Standex International Corporation
Reconciliation of GAAP to Non-GAAP Financial Measures
(unaudited)
				Three Months Ended
Adjusted earnings per share from continuing operations				September 30,
				2026			2025		% Change
Diluted earnings per share from continuing operations attributable to Standex, as reported			$	1.99		$	1.25		59.6 %
Adjustments:
	Restructuring charges			0.06			0.37
	Acquisition-related costs			0.02			0.02
	Amortization of acquired intangible assets			0.27			0.29
	(Gain) Loss on sale of business			0.06			-
	Purchase accounting expenses			-			0.06
Diluted earnings per share from continuing operations attributable to Standex, as adjusted			$	2.41		$	1.99		21.1 %

 

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SOURCE Standex International Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Standex's fiscal 2027 earnings and sales outlook?

Standex expects high-single-digit total sales growth and high-teens growth in adjusted earnings per share for fiscal 2027. The sales outlook increased from mid-to-high single digits previously. Organic sales are expected to increase by more than $100 million.

How much stock can Standex repurchase under its new authorization?

Standex's board authorized repurchases of up to $100 million of common stock on October 27, 2026. The authorization replaces and supersedes approximately $23.5 million remaining under the prior program. No shares were repurchased under the program during fiscal first-quarter 2027.

How much does Standex expect to spend on capital expenditures in fiscal 2027?

Standex expects fiscal 2027 capital expenditures of $45 million to $55 million, compared with $25.2 million in fiscal 2026. The company attributes the increase primarily to capacity expansion within Standex Electronics Grid. First-quarter capital expenditures were $6.6 million, versus $6.4 million a year earlier.

When will Standex pay its increased quarterly dividend?

Standex will pay its $0.36-per-share quarterly dividend on November 20, 2026, to shareholders of record on November 6, 2026. The dividend was declared October 22, 2026, and represents an approximately 5.9% year-over-year increase.