Standex Q3 adjusted EPS $1.54, sales up 9.9%; new $100M buyback authorized

STANDEX INTERNATIONAL CORP/DE/

2022-Q3 EPS reported $3.97 revenue$550,600,000

GAAP diluted EPS $1.44, adjusted EPS $1.54; net sales $189.3M (+9.9% YoY).
Adjusted operating margin 13.8%, +160 bps YoY; Electronics segment record sales $79.9M (+22.7%).
New $100M share repurchase authorization; quarterly dividend raised 8.3% to $0.26.
COVID lockdown in China expected to defer $7-9M sales from Q4.
Implementing $2M annualized cost savings actions at Engraving segment.

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