Standex International Corp 8-K, filed Oct 30, 2026
Standex International Corp (SXI)
About this 8-K
Standex International Corp filed this 8-K on October 30, 2026, reporting on events of October 29, 2026.
Standex International Corporation reported fiscal first quarter 2027 sales of $232.6 Million, up 12.4% YOY Organically, raised its fiscal year 2027 outlook, and announced a $100 Million Share Repurchase Authorization. AI summary
Items reported
- Item 2.02: Financial results
- Item 9.01: Financial statements and exhibits
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(State or other jurisdiction of incorporation or organization)
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(Commission File Number)
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(IRS Employer Identification No.)
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(Address of principal executive offices)
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(Zip Code)
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 2.02 – RESULTS OF OPERATIONS AND FINANCIAL CONDITIONS
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Exhibit No.
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Description
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99
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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STANDEX INTERNATIONAL CORPORATION
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/s/ R. Colby Slaughter
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R. Colby Slaughter
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| Vice President and Chief Legal Officer | ||
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Date: October 30, 2026
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| Signing on behalf of the registrant |
Exhibit 99
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NEWS RELEASE |
STANDEX INTERNATIONAL CORPORATION █ SALEM, NH 03079 █ TEL (603) 893-9701 █ WEB www.standex.com
STANDEX REPORTS FISCAL FIRST QUARTER 2027 FINANCIAL RESULTS
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Record Sales of $232.6 Million, Up 12.4% YOY Organically; Electronics Up 29.5% YOY Organically |
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New Product Sales Grew 56% and Sales into Fast Growth Markets Grew 25% |
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Record Order Intake of ~$273 Million; Book to Bill of 1.17 |
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Record GAAP and Adjusted Gross Margin of 44.4%, Up 240 bps YOY on Adj. Basis |
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GAAP Operating Margin of 17.4%; Adjusted Operating Margin of 20.2%, Up 110 bps YOY |
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Raising FY27 Outlook; Organic Sales to Increase >$100 Million and Adjusted Earnings per Share to Grow High Teens |
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Announced New $100 Million Share Repurchase Authorization Supported by Strong Balance Sheet and Liquidity Position |
SALEM, NH – October 29, 2026 – Standex International Corporation (NYSE: SXI) today reported financial results for the first quarter of fiscal year 2027 ended September 30, 2026.
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Summary Financial Results - Total |
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($M except EPS and Dividends) |
1Q27 |
1Q26 |
4Q26 |
Y/Y |
Q/Q |
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Net Sales |
$ | 232.6 | $ | 217.4 | $ | 228.3 | 7.0 | % | 1.9 | % | ||||||||||
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Operating Income – GAAP |
$ | 40.4 | $ | 29.6 | $ | 37.5 | 36.4 | % | 7.6 | % | ||||||||||
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Operating Income – Adjusted |
$ | 47.0 | $ | 41.6 | $ | 45.4 | 13.1 | % | 3.6 | % | ||||||||||
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Operating Margin % - GAAP |
17.4 | % | 13.6 | % | 16.5 | % |
380 bps |
90 bps |
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Operating Margin % - Adjusted |
20.2 | % | 19.1 | % | 19.9 | % |
110 bps |
30 bps |
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Net Income from Continuing Ops – GAAP |
$ | 24.2 | $ | 15.8 | $ | 23.6 | 53.1 | % | 2.6 | % | ||||||||||
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Net Income from Continuing Ops – Adjusted |
$ | 29.3 | $ | 24.0 | $ | 29.7 | 21.8 | % | -1.6 | % | ||||||||||
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EBITDA |
$ | 48.9 | $ | 39.7 | $ | 48.1 | 23.2 | % | 1.8 | % | ||||||||||
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EBITDA margin |
21.0 | % | 18.3 | % | 21.1 | % |
270 bps |
- 10 bps |
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Adjusted EBITDA |
$ | 51.2 | $ | 47.1 | $ | 51.5 | 8.7 | % | -0.6 | % | ||||||||||
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Adjusted EBITDA margin |
22.0 | % | 21.7 | % | 22.6 | % |
30 bps |
- 60 bps |
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Diluted EPS – GAAP |
$ | 1.99 | $ | 1.25 | $ | 1.69 | 59.6 | % | 17.8 | % | ||||||||||
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Diluted EPS – Adjusted |
$ | 2.41 | $ | 1.99 | $ | 2.45 | 21.1 | % | -1.6 | % | ||||||||||
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Dividends per Share |
$ | 0.34 | $ | 0.32 | $ | 0.34 | 6.3 | % | 0.0 | % | ||||||||||
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Free Cash Flow |
$ | 9.1 | $ | 10.4 | $ | 35.0 | -12.3 | % | -74.1 | % | ||||||||||
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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 $315 million.
First Quarter Segment Operating Performance
Electronics (60% of sales; 69% of segment adjusted operating income)
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1Q27 |
1Q26 |
% Change |
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Electronics ($M) |
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Revenue |
140.5 | 110.6 | 27.1 | % | ||||||||
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GAAP Operating Income |
37.9 | 28.3 | 33.9 | % | ||||||||
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GAAP Operating Margin % |
27.0 | 25.6 | ||||||||||
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Adjusted Operating Income |
41.3 | 31.9 | 29.6 | % | ||||||||
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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 $173 million.
In fiscal second quarter 2027, on a sequential basis, the Company expects slightly higher revenue and similar adjusted operating margin. On a year-on-year basis, the Company expects significantly higher revenue and slightly higher adjusted operating margin.
Aerospace & Defense (14% of sales; 10% of segment adjusted operating income)
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1Q27 |
1Q26 |
% Change |
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Aerospace & Defense ($M) |
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Revenue |
31.4 | 29.9 | 5.1 | % | ||||||||
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GAAP Operating Income |
5.8 | 3.6 | 61.6 | % | ||||||||
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GAAP Operating Margin % |
18.6 | 12.1 | ||||||||||
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Adjusted Operating Income |
6.3 | 5.0 | 24.6 | % | ||||||||
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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 $1.2 million or 24.6% year-on-year reflecting higher volume and project mix.
In fiscal second quarter 2027, on a sequential basis, the Company expects significantly higher revenue and slightly higher adjusted operating margin.
Scientific (9% of sales; 10% of segment adjusted operating income)
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1Q27 |
1Q26 |
% Change |
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Scientific ($M) |
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Revenue |
19.8 |
19.5 |
1.8 | % | ||||||||
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GAAP Operating Income |
5.6 | 4.7 | 19.9 | % | ||||||||
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GAAP Operating Margin % |
28.3 | 24.1 | ||||||||||
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Adjusted Operating Income |
5.8 | 4.9 | 18.7 | % | ||||||||
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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 $0.9 million or 18.7% year-on-year.
In fiscal second quarter 2027, on a sequential basis, the Company expects similar to slightly higher revenue and similar adjusted operating margin.
Engraving & Hydraulics (18% of sales; 11% of segment adjusted operating income)
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1Q27 |
1Q26 |
% Change |
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Engraving & Hydraulics ($M) |
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Revenue |
40.9 | 48.0 | -14.9 | % | ||||||||
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GAAP Operating Income |
6.4 | 7.4 | -12.5 | % | ||||||||
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GAAP Operating Margin % |
15.8 | 15.3 | ||||||||||
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Adjusted Operating Income |
6.7 | 7.7 | -12.8 | % | ||||||||
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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
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Interest: In fiscal second quarter 2027, the Company expects interest expense between $7.0 million and $7.5 million. |
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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. |
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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. |
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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
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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. |
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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.
Contact:
Christopher Howe
Director of Investor Relations
(773) 754-5394
e-mail: InvestorRelations@Standex.com
Standex International Corporation
Consolidated Statement of Operations
(unaudited)
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Three Months Ended |
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September 30, |
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(In thousands, except per share data) |
2026 |
2025 |
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Net sales |
$ | 232,575 | 217,431 | |||||
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Cost of sales |
129,375 | 126,998 | ||||||
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Gross profit |
103,200 | 90,433 | ||||||
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Selling, general and administrative expenses |
56,176 | 49,832 | ||||||
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(Gain) Loss on sale of business |
900 | - | ||||||
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Restructuring costs |
1,029 | 5,997 | ||||||
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Amortization of acquired intangible assets |
4,302 | 4,537 | ||||||
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Acquisition related costs |
375 | 433 | ||||||
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Income from operations |
40,418 | 29,634 | ||||||
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Interest expense |
7,224 | 8,912 | ||||||
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Other non-operating (income) expense, net |
1,036 | (265 | ) | |||||
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Total |
8,260 | 8,647 | ||||||
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Income from continuing operations before income taxes |
32,158 | 20,987 | ||||||
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Provision for income taxes |
7,931 | 5,165 | ||||||
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Net income from continuing operations |
24,227 | 15,822 | ||||||
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Income (loss) from discontinued operations, net of tax |
(61 | ) | (27 | ) | ||||
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Net income |
24,166 | 15,795 | ||||||
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Less: net income attributable to redeemable noncontrolling interest |
- | 739 | ||||||
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Net income attributable to Standex International |
$ | 24,166 | $ | 15,056 | ||||
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Basic earnings per share: |
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Income (loss) from discontinued operations |
(0.01 | ) | - | |||||
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Total income (loss) attributable to Standex International |
$ | 2.00 | $ | 1.26 | ||||
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Diluted earnings per share: |
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Income (loss) from discontinued operations |
(0.01 | ) | - | |||||
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Total income (loss) attributable to Standex International |
$ | 1.98 | $ | 1.25 | ||||
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Average Shares Outstanding |
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Basic |
12,069 | 12,013 | ||||||
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Diluted |
12,146 | 12,047 | ||||||
Standex International Corporation
Condensed Consolidated Balance Sheets
(unaudited)
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September 30, |
June 30, |
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(In thousands) |
2026 |
2026 |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
$ | 116,840 | 178,734 | |||||
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Accounts receivable, net |
168,595 | 172,896 | ||||||
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Inventories |
142,692 | 128,960 | ||||||
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Prepaid expenses and other current assets |
85,149 | 71,165 | ||||||
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Total current assets |
513,276 | 551,755 | ||||||
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Property, plant, equipment, net |
153,727 | 153,024 | ||||||
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Intangible assets, net |
194,625 | 199,479 | ||||||
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Goodwill |
580,782 | 581,553 | ||||||
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Deferred tax asset |
4,263 | 4,409 | ||||||
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Operating lease right-of-use asset |
42,900 | 45,400 | ||||||
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Other non-current assets |
50,155 | 50,088 | ||||||
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Total non-current assets |
1,026,452 | 1,033,953 | ||||||
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Total assets |
$ | 1,539,728 | $ | 1,585,708 | ||||
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LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS' EQUITY |
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Current liabilities: |
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Accounts payable |
$ | 79,410 | 80,098 | |||||
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Accrued liabilities |
65,165 | 131,999 | ||||||
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Income taxes payable |
16,261 | 17,419 | ||||||
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Total current liabilities |
160,836 | 229,516 | ||||||
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Long-term debt |
518,058 | 517,950 | ||||||
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Operating lease long-term liabilities |
32,769 | 35,814 | ||||||
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Accrued pension and other non-current liabilities |
50,292 | 47,214 | ||||||
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Total non-current liabilities |
601,119 | 600,978 | ||||||
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Redeemable non-controlling interest |
- | - | ||||||
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Stockholders' equity: |
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Common stock |
41,976 | 41,976 | ||||||
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Additional paid-in capital |
130,818 | 127,621 | ||||||
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Retained earnings |
1,235,413 | 1,215,329 | ||||||
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Accumulated other comprehensive loss |
(196,691 | ) | (199,061 | ) | ||||
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Treasury shares |
(433,743 | ) | (430,651 | ) | ||||
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Total stockholders' equity |
777,773 | 755,214 | ||||||
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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)
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Three Months Ended |
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September 30, |
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(In thousands) |
2026 |
2025 |
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Cash Flows from Operating Activities |
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Net income |
$ | 24,166 | 15,795 | |||||
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Income (loss) from discontinued operations |
(61 | ) | (27 | ) | ||||
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Income from continuing operations |
24,227 | 15,822 | ||||||
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Adjustments to reconcile net income to net cash provided by operating activities: |
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Depreciation and amortization |
9,548 | 9,817 | ||||||
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Stock-based compensation |
3,534 | 1,774 | ||||||
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Non-cash portion of restructuring charge |
- | 149 | ||||||
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(Gain) Loss on sale of business |
900 | - | ||||||
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Contributions to defined benefit plans |
(159 | ) | (1,285 | ) | ||||
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Net changes in operating assets and liabilities |
(22,380 | ) | (9,469 | ) | ||||
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Net cash provided by operating activities - continuing operations |
15,670 | 16,808 | ||||||
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Net cash provided by (used in) operating activities - discontinued operations |
(79 | ) | 18 | |||||
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Net cash provided by (used in) operating activities |
15,591 | 16,826 | ||||||
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Cash Flows from Investing Activities |
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Capital Expenditures |
(6,563 | ) | (6,420 | ) | ||||
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Other investing activities |
- | 59 | ||||||
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Net cash provided by (used in) investing activities |
(6,563 | ) | (6,361 | ) | ||||
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Cash Flows from Financing Activities |
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Proceeds from borrowings |
8,000 | - | ||||||
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Payments of debt |
(8,000 | ) | (8,000 | ) | ||||
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Purchase of/distribution to non-controlling interests |
(64,000 | ) | (725 | ) | ||||
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Cash dividend paid |
(4,029 | ) | (3,836 | ) | ||||
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Purchase of treasury stock and other |
(4,285 | ) | (4,072 | ) | ||||
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Activity under share-based payment plans |
856 | 1,140 | ||||||
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Net cash provided by (used in) financing activities |
(71,458 | ) | (15,493 | ) | ||||
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Effect of exchange rate changes on cash |
536 | (861 | ) | |||||
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Net changes in cash and cash equivalents |
(61,894 | ) | (5,889 | ) | ||||
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Cash and cash equivalents at beginning of year |
178,734 | 104,542 | ||||||
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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 |
||||||||||||
|
|
September 30, |
|||||||||||
| Adjusted earnings per share from continuing operations |
2026 |
2025 |
% |
|||||||||
|
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 | % | ||||||