Standex Reports First Quarter 2020 Financial Results

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Go back to Standex Reports First Quarter 2020 Financial Results

Standex International (SXI) Tops Q1 EPS by 3c

November 5, 2019 4:21 PM EST

Standex International (NYSE: SXI) reported Q1 EPS of $0.97, $0.03 better than the analyst estimate of $0.94. Revenue for the quarter came in at $196.4 million versus the consensus estimate of $196.56 million.

"First quarter results were in line with our previously communicated expectations. Performance in Engineering Technologies, Hydraulics and Scientific remained strong. The Engraving segment reported a significant sequential margin increase from the previous quarter on a modest sales gain. Macro-economic headwinds continued to impact results, particularly in the Electronics segment. Our cost restructuring efforts are on plan and we continue to identify additional productivity initiatives that... More