Standex International (SXI) Tops Q1 EPS by 17c
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Standex Reports First-Quarter 2018 Financial Results
November 1, 2017 8:30 AM EDT
Achieves 19.4% Sales Increase and 5.8% Organic Growth
Broad-Based
Organic Sales Growth Across all Five Business Segments
GAAP
Operating Income Increases 1.9% and Non-GAAP Operating Income Grows 20.8%
GAAP
EPS Down 1.8% while Non-GAAP EPS Increases 18.4%
SALEM, N.H.--(BUSINESS WIRE)-- Standex International Corporation (NYSE: SXI) today reported financial results for the first quarter fiscal year 2018.
First-Quarter Fiscal 2018 Results
Net sales increased 19.4% year over year to $214.4 million with organic sales up 5.8%. Acquisitions contributed a positive 12.7% to growth and foreign exchange had a positive effect... More