Welcome to our dedicated page for Standex Intl news (Ticker: SXI), a resource for investors and traders seeking the latest updates and insights on Standex Intl stock.
Standex International Corporation (NYSE: SXI) is a global multi-industry manufacturer that regularly issues detailed updates on its operations, financial performance, and corporate developments. This news page aggregates Standex-related press releases and third-party coverage so readers can review the latest information in one place.
Standex’s news flow often centers on its five business segments: Electronics, Engineering Technologies, Scientific, Engraving, and Specialty Solutions. Earnings announcements provide segment-level results, commentary on demand trends in areas such as the electrical grid, electric and hybrid vehicles, renewable energy, commercialization of space, and defense, and updates on acquisitions and productivity initiatives. The company also reports on capital allocation topics, including dividends, debt repayment, and capital expenditures.
In addition to financial results, Standex issues releases about corporate actions and governance, such as the timing and agenda of its Annual Meeting of Shareholders, outcomes of shareholder votes, and changes in executive roles. The company highlights its long history of quarterly cash dividends since becoming a public corporation in November 1964, and periodically announces dividend increases along with the count of consecutive quarterly dividends.
Investors can also find announcements about Standex’s participation in investor conferences hosted by firms like CJS Securities, Melius Research, and D.A. Davidson, as well as updates on brand initiatives such as the refreshed Standex Electronics identity and the organization of Standex Detect, Standex Edge, and Standex Grid. This page allows readers to follow these developments over time and reference prior announcements as needed.
Standex International Corporation (NYSE:SXI) is set to announce its fourth quarter fiscal 2021 financial results on August 12, 2021, after market close. A live conference call will follow on August 13, 2021, at 8:30 a.m. ET, where the CEO David Dunbar and CFO Ademir Sarcevic will discuss the results, business highlights, and upcoming outlook. Interested investors can access the webcast through the company's website, with a replay available shortly after the event.
Standex International Corporation (NYSE: SXI) announced that CEO David Dunbar will present at the Jefferies 2021 Virtual Industrials Conference on August 4, 2021, at 3:00 PM ET. Interests can access the live webcast and presentation through the Investor Relations section of Standex's website. A replay will be available shortly after the event.
Standex operates in five diverse business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions, with a global presence across multiple countries.
Standex International Corporation (NYSE: SXI) has declared a quarterly cash dividend of $0.24 per share, payable on August 25, 2021, to shareholders on record as of August 2, 2021. This marks the company's 228th consecutive quarterly cash dividend, showcasing its consistent commitment to shareholder returns since becoming public in November 1964. Standex operates in five sectors: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions, with a global presence across several countries.
Standex International Corporation (NYSE:SXI) has announced the appointment of Robin J. Davenport, Vice President of Corporate Finance at Parker-Hannifin Corporation, as an observer and advisor to its Board of Directors. Ms. Davenport will be nominated for election at Standex's 2021 Annual Shareholders Meeting. She brings extensive experience in M&A, capital allocation, and corporate strategy from her tenure at Parker-Hannifin and previous roles at CNH Capital Corporation. This strategic addition aims to strengthen Standex's financial and operational oversight.
Standex International Corporation (NYSE:SXI) reported its third-quarter fiscal 2021 results, showcasing a 10.8% year-over-year increase in net sales to $172.2 million. However, GAAP net income from continuing operations dropped 85.4% to $1.8 million and operating income decreased by 66.6% to $5.7 million. On a positive note, adjusted operating income rose 19.2% to $21.0 million. Strong demand in the Electronics segment, particularly from electric vehicles and renewable energy, significantly contributed to revenue growth. The company expects moderate revenue increases in the next quarter.
Standex International Corporation (NYSE:SXI) will release its third quarter fiscal 2021 financial results on May 6, 2021, after market close. A live conference call is scheduled for May 7, 2021, at 8:30 a.m. ET, where CEO David Dunbar and CFO Ademir Sarcevic will discuss the financial results and outlook. Investors can access the webcast via the Investors section on Standex's website, with a replay available afterward.
Standex International Corporation (NYSE: SXI) has declared a quarterly cash dividend of $0.24 per share, payable on May 25, 2021, to shareholders of record by May 11, 2021. This marks the company's 227th consecutive quarterly dividend, maintaining a consistent dividend payout since going public in November 1964. The announcement reflects the company’s commitment to return value to its shareholders.
Standex International Corporation (NYSE: SXI) announced the divestiture of its jet engine components business, Enginetics Corporation, to Enjet Aero, LLC, for approximately $11.5 million in cash. Enginetics generated around $9 million in revenue in the first nine months of fiscal 2021. The company expects to incur non-cash charges between $14.5 million and $15.5 million, primarily related to goodwill. This sale allows Standex to focus on higher growth opportunities in its core spin forming solutions business, enhancing its operating margin and maintaining financial flexibility.
Standex International Corporation (NYSE: SXI) will present at the Sidoti & Company's Spring 2021 Virtual Investor Conference on March 24, 2021, at 1:45 PM Eastern Time. The presentation will feature Chairman, President & CEO David Dunbar and Vice President, CFO & Treasurer Ademir Sarcevic. Interested participants can access the live webcast through a provided link, and a replay will be available on the company's website for thirty days. Standex operates in multiple sectors including Electronics, Engraving, and Scientific Technologies across various global locations.
Standex International Corporation (NYSE:SXI) reported its 2Q21 financial results, demonstrating a modest year-over-year revenue growth of 1.7% to $156.3 million. Operating income decreased by 5.1% to $16.7 million, while net income from continuing operations fell by 2.3% to $12.0 million. Adjusted EBITDA remained stable at $26.2 million, with a 16.8% margin. Free cash flow surged significantly by 370.7% to $17 million. The company aims for a mid-single digit organic revenue growth and a robust EBITDA margin exceeding 20% in the long term.