secwatch.observer — SEC 8-K summary
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Issuer:     STANDEX INTERNATIONAL CORP/DE/ (SXI)
CIK:        0000310354
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001437749-23-002582
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Standex Q2 adj. op. margin record 15.2%; $75M Procon sale; organic revenue +5.5% YoY
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- GAAP diluted EPS $1.69, adjusted $1.74 (+20% YoY); net sales $187.8M (+1.1% YoY, +4.0% sequential).
- Record adj. operating margin 15.2%, +160 bps YoY; seventh consecutive quarterly record.
- Free cash flow $24M, ~120% conversion of GAAP net income; dividend raised 7.7% to $0.28/share payable Feb 24.
- Announced sale of Procon business for ~$75M; proceeds for organic/inorganic growth and capital returns.
- Q3 guidance: slight to moderate sequential revenue decrease; adj. op. margin slightly lower to similar, higher YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310354/000143774923002582/0001437749-23-002582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310354/000143774923002582/sxi20230206_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-002582

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer