Standex International (SXI) Q2 Revenue Tops Views
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Standex Reports Second-Quarter 2018 Financial Results
January 30, 2018 8:51 AM ESTAchieves 20.6% Sales Increase and 8.8% Organic Increase
GAAP Operating Income Increases 37.4% and Non-GAAP Operating Income Grows 19.2%
GAAP EPS loss of $0.22 Reflects Tax Law Reform Impact while Non-GAAP EPS Increases 8.7%
SALEM, N.H.--(BUSINESS WIRE)-- Standex International Corporation (NYSE: SXI) today reported financial results for its fiscal year 2018 second quarter ended December 31, 2017.
Second-Quarter Fiscal 2018 Results
Net sales increased 20.6% year over year to $209.8 million with organic sales up 8.8%. Acquisitions contributed a positive 10.0% to growth and foreign exchange had a positive... More