earnings
confidence high
sentiment positive
materiality 0.70
Standex Q1 fiscal 2022 sales up 16% to $175.6M; adjusted EPS $1.34, dividend raised 8.3%
STANDEX INTERNATIONAL CORP/DE/
2022-Q1 EPS reported
$1.30
revenue$175,610,000
- Net sales $175.6M (+16.1% YoY); GAAP diluted EPS $1.30; adjusted diluted EPS $1.34 (+39.6% YoY).
- Electronics segment revenue surged 37.2% to $75.8M; operating income doubled to $18.3M on renewable energy/EV demand.
- Operating margin expanded 250 bps to 13.4% (adjusted); free cash flow $8.1M, up 82.7% YoY.
- Quarterly dividend raised 8.3% to $0.26/share; $9.5M share repurchase in Q1.
- Expect sequential revenue/margin increase in fiscal Q2 2022; backlog up 12% QoQ and 56% YoY.