Standex International (SXI) Tops Q1 EPS by 4c
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STANDEX REPORTS FISCAL FIRST QUARTER 2024 FINANCIAL RESULTS
November 2, 2023 4:01 PM EDTOrganic Growth of 2.5% Led by Engraving and Engineering Technologies; Fast Growth Market Sales Increased ~20% Year-On-Year to ~$20 Million and Expected to Reach $100 Million in FY24Record GAAP Gross Margin of 39.3% and Adjusted Gross Margin of 39.5%GAAP Operating Margin of 14.6%; Record Adjusted Operating Margin of 15.9%, up 90 bps Year-On-Year; 10th Consecutive Quarter of Record Level Adjusted Operating MarginFree Cash Flow of $12.1 Million; Record Fiscal First Quarter Free Cash Flow Generation Entered Into a Definitive Agreement to Acquire Japanese-Based Sanyu... More
