SXI
Standex International Corporation228.24
-2.35-1.02%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Grid expansions, M&A pipeline detailed
Q&A unpacked grid capacity expansions—Croatia ramping, Mexico/Houston/India sites ahead—to more than double output in 3-5 years at customer behest, with investments curbing near-term Electronics margin expansion. Amran/Narayan hold edge in fragmented instrument transformer market via fast prototyping, quality, and India costs. Management revealed M&A funnels targeting grid tuck-ins, legacy sensor modules, and space capabilities. Fast-growth breakdown: grid ~50% of $270M target, defense up $15-20M, space $10M. Specialty Solutions margins fell on NA softness, eyed for Q3 rebound; ETG timing slips into Q3. Noncontrolling interest adjustment highlights Narayan's post-acquisition surge. Investors will eye NA pickup.
Key Stats
Market Cap
2.77BP/E (TTM)
52.35Basic EPS (TTM)
4.36Dividend Yield
0.01%Recent Filings
8-K
Q2 sales surge 16.6%
Standex crushed Q2 FY26 with sales up 16.6% to $221.3M, fueled by 6.4% organic growth and fast-growth markets at 28% of total. Adjusted operating margin ticked up 30 bps to 19.0%, Electronics soaring 11.1% organically with 1.08 book-to-bill. Orders hit record highs. FY26 outlook holds: sales >$110M over FY25, fast-growth >$270M.
10-Q
Q2 FY2026 results
Standex crushed Q2 FY2026 with net sales up 16.6% y/y to $221.3M, driven by Electronics (+20.6%) and Engineering Technologies (+35.3%), while gross margins expanded to 41.7% from pricing and productivity. Operating income soared 320% y/y to $35.6M as acquisition costs plunged; diluted EPS hit $0.17, confirmed against 12,055k shares. Cash dipped to $97.0M yet FCF clocked $23.4M (derived); long-term debt fell to $534.7M with $212.6M revolver availability. Acquisitions like Oct 2024 Amran/Narayan (90.1% for $261.9M cash + stock, $298.4M goodwill, 12-year customer intangibles) and Feb 2025 McStarlite ($57.0M cash, $16.2M goodwill) fuel growth. Redeemable noncontrolling interest jumped to $44.5M on remeasurement. Backlog bulged 18.1% to $282.1M (<1yr). Tariffs pressure raw materials.
8-K
CHRO Bell resigns; Newbury appointed
Standex International's board accepted Chief Human Resources Officer Annemarie Bell's resignation effective November 10, 2025, as she shifts to executive coaching amid a health challenge while staying engaged. Michelle Newbury, 46, steps in with over 20 years of HR leadership from Cornerstone, Kymera, and Pentair. Newbury will drive global HR strategy. Leadership transitions smoothly.
10-Q
Q1 FY2026 results
Standex drove Q1 FY2026 net sales to $217.4M, up 27.6% y/y from $170.5M, fueled by $45.3M from acquisitions like Amran/Narayan (Oct 2024, $434.4M total consideration cash/stock) and Electronics segment growth to $110.6M; gross margin edged to 41.6% from 41.1%. Operating income hit $29.6M (up 23.0% y/y), yet diluted EPS fell to $1.25 from $1.53 as interest expense quadrupled to $8.9M on $545M debt (due Feb 2028). Cash dipped to $98.7M (q/q down from $104.5M) with FCF $10.4M (derived); $197.6M revolver availability. Restructuring hit $6.0M from Engraving site closures. Backlog swelled 37.8% to $246.3M. Tariffs pressure raw materials.
8-K
Annual meeting results
Standex International held its annual stockholder meeting on October 21, 2025, with 11.3 million shares represented. Stockholders elected Thomas E. Chorman and Andy L. Nemeth to three-year board terms, Nemeth winning overwhelmingly. They approved executive compensation and ratified Deloitte & Touche as auditors for fiscal 2026. Governance stays steady.
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