**Standex International: Q1 Fiscal 2025 Report**

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Post on Oct 31, 2024

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Standex International: Q1 Fiscal 2025 Report - Strong Start with Growth Across Segments

Standex International Corporation (NYSE: STX), a diversified global manufacturing company, kicked off its fiscal year 2025 with a strong performance in the first quarter, reporting a solid increase in both revenue and earnings. The company's diverse portfolio of businesses, spanning from foodservice equipment to engineered components, continues to demonstrate resilience and growth potential.

Key Highlights of Q1 Fiscal 2025:

• Revenue: Standex reported revenue of $224.5 million, a significant 11.8% increase year-over-year. This growth was driven by strong performance across all segments, particularly in Foodservice Equipment and Engineered Products.
• Adjusted Earnings Per Share (EPS): The company reported adjusted EPS of $0.61, a substantial 22.5% increase compared to the same period last year. This positive trend highlights the effectiveness of Standex's operational efficiency and cost management strategies.
• Segment Performance:
  • Foodservice Equipment: This segment experienced a notable 14.7% revenue increase year-over-year, driven by continued strong demand for restaurant equipment and a favorable pricing environment.
  • Engineered Products: This segment also exhibited robust growth, with revenue surging 10.2% year-over-year. The growth was attributed to strong demand in the automotive and industrial markets.
  • Other: The "Other" segment saw a 13.4% increase in revenue, mainly due to increased sales in the healthcare sector.

Management Commentary:

Standex's CEO, David Scheer, expressed satisfaction with the company's strong Q1 performance, stating, "We are pleased with our first-quarter results, which reflect the strength of our business model and the continued demand for our products. We are particularly encouraged by the growth we are seeing in our Foodservice Equipment and Engineered Products segments." He also highlighted the company's commitment to strategic acquisitions and organic growth initiatives to drive further expansion and profitability.

Outlook:

Standex remains optimistic about its future prospects, citing continued strong demand in key markets and a favorable economic environment. The company is focused on expanding its global presence, investing in innovation, and enhancing operational efficiency to drive sustainable growth.

Key Takeaways:

• Standex International delivered a solid first-quarter performance, exceeding expectations with significant revenue and earnings growth.
• The company's diversified business model and strong performance across segments demonstrate its resilience and adaptability in a dynamic market environment.
• Standex's focus on organic growth and strategic acquisitions positions it favorably for continued success in the future.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Investors are advised to conduct their own research and consult with a financial advisor before making any investment decisions.