Standex reports Q1 adj. operating margin record 15.0%; EPS $1.60 adj., revenue $180.6M

STANDEX INTERNATIONAL CORP/DE/

2023-Q1 EPS reported $1.53 revenue$180,600,000

GAAP operating margin 14.6%, adjusted 15.0% (+160 bps YoY); sixth consecutive record adj. margin.
Organic revenue growth 7.3% YoY; Specialty Solutions up 36.9% (organic 39.3%), Engraving up 7.9% organic.
Diluted EPS GAAP $1.53, adjusted $1.60 (+19.4% YoY); dividend increased 7.7% to $0.28/share.
Fast growth market sales rose ~30% YoY to $17M; FY2023 expected to increase ~35% vs prior year.
Free cash flow $(8.0)M due to working capital inefficiencies; net debt to adjusted EBITDA 0.7x.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STANDEX INTERNATIONAL CORP/DE/ reported financial results for the first quarter of fiscal year 2023 ended September 30, 2022.

Period: the first quarter of fiscal year 2023 ended September 30, 2022
Result: reported results

Exact text from the filing

Standex International Corporation (NYSE: SXI) today reported financial results for the first quarter of fiscal year 2023 ended September 30, 2022.

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Source: SEC EDGAR

accession 0001437749-22-026175

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