Standex International (SXI) Misses Q2 EPS by 23c, Revenues Miss

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Go back to Standex International (SXI) Misses Q2 EPS by 23c, Revenues Miss

Standex Reports Second-Quarter 2019 Financial Results

January 30, 2019 4:15 PM EST

Revenue Increases 5.3%

GAAP Operating Income Increases 18.5%; Adjusted Operating Income Grows 9.1%

GAAP Operating Income Margin Expands 117 Basis Points; Adjusted Operating Income Margin Grows 38 BPS

Net New Business Grows 42% from Growth Laneways

SALEM, N.H.--(BUSINESS WIRE)-- Standex International Corporation (NYSE: SXI) today reported financial results for its second quarter of fiscal year 2019 ending December 31, 2018.

Second-Quarter Fiscal 2019 Results

Net sales increased 5.3% year-over-year to $195.5 million with organic sales up 1.6%. Acquisitions contributed 5.1% to growth and foreign exchange had a negative effect of... More