Standex International (SXI) Misses Q1 EPS by 22c
Standex International (NYSE: SXI) reported Q1 EPS of $1.21, $0.22 worse than the analyst estimate of $1.43. Revenue for the quarter came in at $193.1 million versus the consensus estimate of $225.47 million.
“We began 2019 with solid momentum and strength across most of our end markets,” said Dunbar. “We will continue to invest where we see the most attractive returns such as Electronics and Engraving as well as new aviation programs including the A350 in Engineering Technologies. In this regard, we plan to spend $35 to $36 million in Capex in 2019 to support these opportunities together with operational excellence initiatives. With regard to the Cooking Solutions Group, we anticipate a sale to be completed within the fiscal year. Finally, by executing against our Value Creation System, we continue to position Standex to deliver on our long-term financial targets and fulfill our mission to become a best-in-class operating company.”
For earnings history and earnings-related data on Standex International (SXI) click here.