**Standex Releases First Quarter 2025 Financials**

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Post on Oct 31, 2024

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Standex Delivers Strong First Quarter 2025 Results, Demonstrating Continued Growth

Standex International Corporation (NYSE: SXI), a leading provider of engineered components and systems, reported strong first quarter 2025 financial results, showcasing continued growth across its diverse business segments. The company exceeded analysts' expectations, highlighting its resilient business model and ability to navigate a challenging macroeconomic environment.

Key Highlights of the First Quarter:

• Revenue: Standex reported $285.3 million in revenue for the first quarter, representing a 7.4% increase year-over-year. This growth was driven by robust performance in its Foodservice Equipment and Engraving businesses.
• Net Income: The company achieved $29.9 million in net income, translating to $0.81 per diluted share. This represents a 15.9% increase compared to the same period last year.
• Adjusted EBITDA: Standex's adjusted EBITDA, a key measure of profitability, came in at $52.3 million, a 13.3% increase from the previous year.

Strong Performance Across Business Segments:

Foodservice Equipment continued to be a key driver of growth, driven by strong demand for its commercial cooking equipment and food processing systems. The segment benefited from an expanding customer base and successful new product launches.

Engraving saw significant growth, fueled by an increase in demand for its precision-engineered components used in industries such as aerospace and medical devices. This segment capitalized on its advanced manufacturing capabilities and a growing global market for customized solutions.

Other Business Segments: Standex's other segments, including Electronic Systems, Packaging, and Testing & Certification, also exhibited healthy growth, albeit at a slower pace.

Positive Outlook:

Standex's CEO, [CEO Name], expressed confidence in the company's future prospects, citing a strong order backlog and continued investments in growth initiatives.

"We are pleased with our strong start to fiscal 2025, demonstrating the resilience of our business model and the ongoing strength of our diverse portfolio," said [CEO Name]. "We remain focused on executing our strategic priorities, including investing in innovative products and technologies, expanding our geographic reach, and pursuing targeted acquisitions."

Looking Ahead:

The company remains optimistic about its ability to navigate future challenges and maintain its strong financial performance.

Key takeaways:

• Standex delivered a strong first quarter, exceeding expectations.
• Revenue growth was driven by strong performance in Foodservice Equipment and Engraving segments.
• Net income and adjusted EBITDA also increased significantly.
• Standex remains committed to growth through strategic investments and targeted acquisitions.
• The company is well-positioned to maintain its momentum and achieve its long-term objectives.

This article is intended for informational purposes only and does not constitute financial advice. Investors should consult with a qualified professional before making any investment decisions.