Standex Reports Fourth Quarter 2019 Financial Results
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Standex International (SXI) Tops Q4 EPS by 3c, Revenues Beat
August 26, 2019 4:50 PM EDTStandex International (NYSE: SXI) reported Q4 EPS of $1.16, $0.03 better than the analyst estimate of $1.13. Revenue for the quarter came in at $209.2 million versus the consensus estimate of $207.38 million.
Continued Strength in Engineering Technologies, Hydraulics and ScientificPositive Cash Flow Trends Reflect Success of Working Capital InitiativesGrowth Laneway Sales Increased 61% year-over-year in Fiscal 201Restructuring Savings on Target for $3.8 million; Active Pipeline of Additional Efficiency Projects"Fourth quarter results were in line with our expectations as performance in Engineering Technologies, Hydraulics and Scientific remained strong. While macro-economic headwinds continued to... More
