Standex Reports Fourth-Quarter 2018 Financial Results
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Standex International (SXI) Tops Q4 EPS by 1c, Revenues Miss
August 28, 2018 8:32 AM EDTStandex International (NYSE: SXI) reported Q4 EPS of $1.60, $0.01 better than the analyst estimate of $1.59. Revenue for the quarter came in at $227.5 million versus the consensus estimate of $232.73 million.
We ended the fiscal year with a strong fourth quarter as we delivered topline organic growth across our Electronics, Engraving and Hydraulics business segments, and began to realize bottom line benefits from our restructuring initiatives in the Food Service business, said President and Chief Executive Officer David Dunbar. Engineering Technologies sales and margins were challenged as expected due to delays in aviation platform ramps, and we... More
