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.
Overview
Standex International Corporation (SXI) is a diversified industrial manufacturer that serves both commercial and industrial markets through a wide range of precision-engineered products and services. Operating across five key segments—including electronics, engraving, scientific instruments, engineering technologies, and specialty solutions—the company integrates advanced sensing, switching, and power conversion technologies with traditional manufacturing expertise to deliver innovative, high-quality solutions.
Business Segments and Capabilities
Standex International is organized into five distinct business segments, each addressing a unique market need:
- Electronics: This segment focuses on the production of essential electronic components such as custom wound transformers, precision inductors, and magnetic power conversion assemblies. Its emphasis on sensing and switching technologies positions it as a key provider for sectors demanding robust electronic solutions.
- Engraving: Specializing in precision engraving techniques, this division caters to both aesthetic and industrial marking requirements, ensuring that products and components meet rigorous quality and identification standards.
- Scientific: Offering advanced measurement and instrumentation, the scientific segment supports critical applications in retail pharmacy, research, and technical fields, underscoring the company's commitment to accuracy and reliability.
- Engineering Technologies: This segment encompasses a broad array of engineering services and technological solutions that support industries such as aerospace, defense, and transportation. It is central to Standex's reputation for developing customized testing, validation, and production processes.
- Specialty Solutions: Focused on niche markets, this segment delivers specialized products including hydraulics and display merchandising systems, exemplifying the company’s flexibility in adapting to specialized market demands.
Global Reach and Market Position
Standex International has cultivated a robust global presence, operating throughout the United States, Europe, Asia Pacific, and other key regions. This extensive geographic footprint not only enhances its competitive advantage but also mitigates risks associated with market volatility. The company’s portfolio—anchored by well-recognized brands—is built on a foundation of quality, innovation, and reliable performance, distinguishing it among global industrial manufacturers.
Business Model and Operational Excellence
The company generates revenue by combining direct sales of industrial components with value-added engineering and manufacturing services. Its integrated model ensures precision in every step—from design through production—allowing Standex to meet diverse customer requirements across fast-growing markets and traditional industrial segments. The focus on advanced technologies and proactive investment in new product applications reinforces its capability to deliver tailored, high-performance solutions.
Technological Innovation and Industry Expertise
At the heart of Standex International is a strong commitment to technological innovation. The company leverages state-of-the-art automation, advanced research in current sensing and power conversion, and precision engineering methods to drive product development and operational efficiency. This dedication to integrating technology with manufacturing best practices helps the company consistently adapt to and shape market trends.
Competitive Landscape and Strategic Positioning
Operating in a competitive and multifaceted market, Standex differentiates itself through its balanced portfolio and a strategic focus on continuous quality improvement. Its diverse capabilities across multiple sectors help buffer against market fluctuations and competitive pressures. Standex’s commitment to delivering precise, innovative solutions while maintaining robust operational standards underscores its enduring reputation in the industrial manufacturing landscape.
Frequently Asked Questions
The section below answers common questions about Standex International Corporation:
- What industries does Standex International serve? Standex serves a broad array of industries, including electronics, scientific instrumentation, industrial engraving, aerospace, defense, and specialized manufacturing sectors.
- What are the company’s main business segments? The company is organized into five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.
- How is revenue generated at Standex? Revenue is driven by direct sales of industrial components and equipment, supplemented by value-added engineering services and custom manufacturing solutions.
- What role does advanced technology play in its operations? Advanced automation, precision engineering, and ongoing R&D in sensing and power conversion are central to its manufacturing process, ensuring high quality and innovation.
- How does the company manage competitive pressures? Through a diversified product portfolio and global operational reach, Standex minimizes market risks and adapts effectively to industry fluctuations.
- What distinguishes Standex from its competitors? Its longstanding reputation for quality, innovation in technology, and the ability to integrate customized solutions across various industrial segments set it apart in a competitive market.
Standex International Corporation (NYSE:SXI) will report its fourth-quarter fiscal 2022 financial results on August 4, 2022, following market close. A live conference call will be held on August 5, 2022, at 8:30 a.m. ET, featuring President & CEO David Dunbar and CFO Ademir Sarcevic discussing the results, business highlights, and future outlook. Investors can access the webcast and presentation through the 'Investors' section on Standex's website, with a replay available post-presentation.
Standex International Corporation (NYSE: SXI) has declared a quarterly cash dividend of $0.26 per share, payable on August 25, 2022, to record shareholders on August 11, 2022. This marks the company's 232nd consecutive quarterly dividend since becoming public in November 1964. Standex operates across various sectors including Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions, with a global presence in multiple countries.
Standex International Corporation (NYSE:SXI) has authorized a new share repurchase program worth $100 million, commencing on May 10, 2022. This program replaces the previous buyback initiated in 2016, which had $0.6 million remaining at the end of Q3 fiscal 2022. President and CEO David Dunbar expressed confidence in the company’s financial stability, citing strong cash flow and a robust balance sheet to support this initiative. The repurchase may occur through various means, and there is no set timeline for completion.
Standex International reported strong Q3 fiscal 2022 results with net sales of $189.3 million, marking a 9.9% increase year-over-year. GAAP operating income surged by 333.1% to $24.5 million with an operating margin of 12.9%, up 960 basis points from the previous year. The company announced a new $100 million share repurchase authorization and achieved significant earnings growth, reflected in an adjusted diluted EPS of $1.54. Despite challenges from COVID-19 lockdowns in China, Standex reported a backlog of $267 million.
Standex International Corporation (NYSE:SXI) is set to announce its third quarter fiscal 2022 financial results on May 5, 2022, after market close. A conference call will occur at 8:30 a.m. ET on May 6, 2022, featuring CEO David Dunbar and CFO Ademir Sarcevic discussing financial results and outlook. Investors can listen to the live broadcast and access a replay on the company's website. Standex operates across five segments, including Electronics and Scientific, with a global presence in multiple countries.
Standex International Corporation (NYSE: SXI) announced a quarterly cash dividend of $0.26 per share, payable on May 25, 2022, to shareholders of record on May 11, 2022. This marks the company's 231st consecutive quarterly cash dividend since it became public in November 1964. Standex operates in five business segments globally, including Electronics and Engineering Technologies, with locations across the U.S., Europe, and more.
Standex International Corporation (NYSE:SXI) announced that its President & CEO, David Dunbar, along with CFO Ademir Sarcevic, will present at the Sidoti & Company Spring 2022 Virtual Investor Conference on March 23, 2022, at 11:30 AM Eastern Time. Interested investors can access the presentation via the 'Investors' section on Standex's website under 'Events and Presentations.' A replay will be available shortly after the event. Standex operates in five sectors globally, providing a diverse range of manufacturing solutions.
Standex International Corporation (NYSE:SXI) has acquired Sensor Solutions for approximately $9.7 million in cash, funded from existing cash reserves. The acquisition is anticipated to slightly enhance earnings and consolidate free cash flow in the first year. Sensor Solutions, based in Colorado, generates around $4.3 million in annual revenues and specializes in customizable magnetic sensors for various sectors including automotive and medical. This acquisition strengthens Standex's position in high-growth markets such as electric vehicles and industrial automation.
Standex International Corporation (NYSE:SXI) reported a strong second quarter for fiscal year 2022, achieving net sales of $185.7 million, an increase of 18.8% year-over-year. Adjusted operating income rose 41.7% to $25.2 million, with an adjusted operating margin of 13.6%, up 220 bps year-over-year. The company generated free cash flow of $18.9 million, reflecting an 11.6% year-over-year increase. Looking forward, Standex anticipates revenue growth driven by its Specialty Solutions and Electronics segments.
Standex International Corporation (NYSE: SXI) will announce its second quarter fiscal 2022 financial results on February 3, 2022, after market close. The live conference call is scheduled for February 4, 2022, at 8:30 a.m. ET, where CEO David Dunbar and CFO Ademir Sarcevic will discuss the results, business highlights, and future outlook. Interested investors can access the webcast and presentation on Standex's website, with a replay available shortly after the event.
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