Standex Reports Fiscal Second Quarter 2021 Financial Results

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Standex International (SXI) Tops Q2 EPS by 5c, Revenues Beat

February 4, 2021 4:23 PM EST

Standex International (NYSE: SXI) reported Q2 EPS of $1.05, $0.05 better than the analyst estimate of $1.00. Revenue for the quarter came in at $156.3 million versus the consensus estimate of $153.41 million.

Commenting on the quarter's results, President and Chief Executive Officer David Dunbar said, "We are very pleased with our second quarter results as our performance improved sequentially, end markets continued to show signs of recovery, and we are well-positioned for a stronger second half in fiscal 2021. In particular, the Electronics and Scientific segments experienced strong demand and have healthy backlogs. Our productivity initiatives are becoming further... More