Standex International (SXI) Tops Q2 EPS by 6c, offers outlook

Standex International (NYSE: SXI) reported Q2 EPS of $1.78, $0.06 better than the analyst estimate of $1.72. Revenue for the quarter came in at $178.4 million versus the consensus estimate of $180.25 million.

Outlook

In the fiscal third quarter 2024, on a sequential basis, the Company expects slightly higher revenue due to a slight recovery in the Electronics and Specialty segments and contribution from the pending acquisition of Sanyu, partially offset by lower sales in the Engraving segment. The Company expects slightly lower adjusted operating margin, primarily resulting from one-time charge due to the CEO reaching retirement eligibility under the stock compensation plan. In the fiscal fourth quarter 2024, on a sequential basis, the company expects meaningfully higher revenue and continued improvement in adjusted operating margin.

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

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