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Standex International (SXI) Misses Q4 EPS by 4c, provides outlook

August 1, 2024 4:08 PM

Standex International (NYSE: SXI) reported Q4 EPS of $1.76, $0.04 worse than the analyst estimate of $1.80. Revenue for the quarter came in at $180.2 million versus the consensus estimate of $181.35 million.

Outlook

In the fiscal first quarter 2025, on a sequential basis, the Company expects similar to slightly higher revenue, as higher sales into fast growth markets are mostly offset by less favorable project timing in the Engineering Technologies segment. The Company expects sequentially similar to slightly higher gross margin and slightly lower to similar adjusted operating margin due to higher investments in selling, marketing, and R&D.

In fiscal year 2025, the Company expects general market conditions to stabilize in the first half and strengthen in the second half. The Company plans to release over a dozen new products, at least one in every business, which it expects will contribute over 100 bps of incremental growth. Sales from fast growth markets are expected to grow above 20% year-on-year and exceed $110 million.

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

Categories

Earnings