Standex reports record Q4 adjusted operating margin and EPS; FY2024 guided high single-digit sales growth

STANDEX INTERNATIONAL CORP/DE/

2023-FY EPS reported $11.58 revenue$741,048,000

GAAP EPS $1.68, adjusted EPS $1.76; revenue $188.3M (+1.9% YoY) with 7.8% organic growth.
Record adjusted operating margin 15.4%, up 150 bps YoY; ninth consecutive quarter of record margin.
Fast growth market sales ~$24M (+67% YoY); Minntronix acquisition expands electronics into 5G/smart grid.
FY2024 outlook: high single-digit sales growth, continued margin expansion; fast growth sales expected >$100M.
Free cash flow $32.8M (+74.8% YoY); net cash $22.3M; quarterly dividend raised 7.7% to $0.28/share.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STANDEX INTERNATIONAL CORP/DE/ reported the fourth quarter of fiscal year 2023 ended June 30, 2023 results: revenue $188.3, net income $20.2, EPS $1.68. Guidance reaffirmed.

Period: the fourth quarter of fiscal year 2023 ended June 30, 2023
Revenue: $188.3
Net income: $20.2
EPS: $1.68
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Standex International Corporation (NYSE: SXI) today reported financial results for the fourth quarter of fiscal year 2023 ended June 30, 2023. Summary Financial Results - Total ($M except EPS and Dividends) 4Q23 4Q22 3Q23 Y/Y Q/Q Net Sales $188.3 $184.7 $184.3 1.9% 2.2%

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Source: SEC EDGAR

accession 0001437749-23-022115

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