Standex International (SXI) Misses Q2 EPS by 23c, Revenues Miss
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Standex Reports Second-Quarter 2019 Financial Results
January 30, 2019 4:15 PM ESTRevenue 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