Standex International (SXI) Tops Q4 EPS by 4c, Beats on Revenues

August 28, 2017 9:11 AM

Standex International (NYSE: SXI) reported Q4 EPS of $1.40, $0.04 better than the analyst estimate of $1.36. Revenue for the quarter came in at $217.1 million versus the consensus estimate of $210.05 million.

Highlights

Business Outlook

“As we enter fiscal 2018, we expect strong momentum to continue in Engraving, Engineering Technologies and Electronics. In Hydraulics, our markets are fundamentally sound and we plan to capitalize on our healthy pipeline of growth opportunities. In Food Service, we are taking organizational structure and plant optimization actions in those businesses that sell standard products to enable them to grow margins and better compete on cost, delivery and quality. In the new fiscal year, we will continue to deploy the Standex Value Creation System to drive shareholder value as we achieve our vision of become an operating company with higher value businesses serving attractive markets that are differentiated and have good growth prospects.”

Fourth-Quarter Fiscal 2017 Results

For earnings history and earnings-related data on Standex International (SXI) click here.

Categories

Earnings Guidance Management Comments