earnings
confidence high
sentiment positive
materiality 0.70
Standex Q4 adjusted operating margin record 13.9%; revenue up 4.7% YoY; expects further improvement in FY2023
STANDEX INTERNATIONAL CORP/DE/
2022-FY EPS reported
$5.06
revenue$735,339,000
- GAAP operating margin 10.4%, record adjusted operating margin 13.9% (+60bps YoY); GAAP EPS $1.10, adjusted EPS $1.54.
- Net sales $184.7M (+4.7% YoY); Electronics segment record $304M in FY2022, sales more than doubled since FY2017.
- Free cash flow $18.8M in Q4; net debt to adjusted EBITDA 0.5x; $313M available liquidity.
- Dividend increased 8.3% to $0.26 per share; share repurchases of ~$10M in Q4.
- FQ1 2023 outlook: revenue and operating margin similar to FQ4 2022, with Electronics as primary driver.