Standex International (SXI) Tops Q3 EPS by 4c; offers outlook

Standex International (NYSE: SXI) reported Q3 EPS of $1.75, $0.04 better than the analyst estimate of $1.71. Revenue for the quarter came in at $177.3 million versus the consensus estimate of $180.06 million.

OUTLOOK

In the fiscal fourth quarter 2024, on a sequential basis, the Company expects slightly to moderately higher revenue due to favorable project timing in the Engineering Technologies segment, increased market demand in the Specialty Solutions segment, and the impact of the Company\'s recent acquisition of Sanyu. The Company expects slightly to moderately higher adjusted operating margin sequentially due to leverage on higher sales and pricing and productivity actions.

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

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