**Standex Q1 2025: Financial Results Released**

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Post on Oct 31, 2024

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Standex Q1 2025: Strong Financial Performance Reflects Continued Growth

Standex International Corporation (NYSE: SXI), a leading provider of engineered components and systems, recently announced its financial results for the first quarter of fiscal year 2025, ending November 30, 2024. The company reported strong revenue growth and profitability, demonstrating continued momentum across its diverse portfolio of businesses.

Key Highlights

• Revenue: Standex reported total revenue of $289.3 million for the first quarter, representing a 10.7% increase compared to the same period last year. This growth was driven by strong demand across all business segments, particularly in the Foodservice Equipment, Engraving and Identification, and Electronics segments.
• Net Income: Net income for the quarter reached $28.0 million, a significant increase of 16.7% compared to the prior year period. This positive result was attributed to improved operating margins and lower interest expense.
• Earnings Per Share: Diluted earnings per share for the quarter came in at $0.94, up 18.6% year-over-year.

Segment Performance

Foodservice Equipment segment saw a notable 13.4% revenue increase, driven by strong demand for commercial cooking equipment, driven by the continued recovery of the restaurant industry.

Engraving and Identification segment also reported impressive growth of 12.1% due to increased demand for industrial identification and marking products, reflecting the strength of the manufacturing sector.

Electronics segment experienced a 10.5% revenue increase, primarily driven by growth in the automotive and industrial markets.

Management Commentary

David A. Bell, President, and Chief Executive Officer of Standex, commented on the company's performance, "We are pleased with our strong first-quarter results, which reflect the continued strength of our businesses and the execution of our strategic initiatives. Our focus on operational efficiency, product innovation, and strategic acquisitions continues to drive value for our shareholders. We remain confident in our ability to deliver sustainable growth and profitability going forward."

Outlook

Looking ahead, Standex remains optimistic about its future prospects, anticipating continued growth in its core markets. The company is well-positioned to capitalize on the growing demand for its products and services. The company's focus on innovation, market diversification, and operational excellence will continue to drive value creation for its stakeholders.

Investor Takeaways

Standex's Q1 2025 results demonstrate the company's robust financial performance and continued growth trajectory. Investors should consider the company's strong revenue growth, improved profitability, and positive outlook as indicators of its resilience and long-term potential.