Standex reports Q1 FY24 adjusted EPS $1.74 (+8.7% YoY); record gross margin 39.5%

STANDEX INTERNATIONAL CORP/DE/

2024-Q1 EPS reported $1.58 revenue$184,774,000

Revenue $184.8M (+2.3% YoY); organic growth 2.5%; record adjusted gross margin 39.5%.
Record adjusted operating margin 15.9% (+90 bps YoY); 10th consecutive quarter of record level.
Signed agreement to acquire Japan-based Sanyu Switch Co.; expected close Jan 31, 2024.
Free cash flow $12.1M (record for fiscal Q1); dividend raised to $0.30/share (+7.1%).
Electronics segment revenue up 8.6% on Minntronix acquisition; Engraving organic growth 15.5%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STANDEX INTERNATIONAL CORP/DE/ reported first quarter ended September 30, 2023 results: revenue $184.8, net income $18.9, EPS $1.58.

Period: first quarter ended September 30, 2023
Revenue: $184.8
Net income: $18.9
EPS: $1.58
Result: reported results

Exact text from the filing

results for the first quarter of fiscal year 2024 ended September 30, 2023. Summary Financial Results - Total ($M except EPS and Dividends) 1Q24 1Q23 4Q23 Y/Y Q/Q Net Sales $184.8 $180.6 $188.3 2.3% -1.9% Operating Income - GAAP $26.9 $26.3 $28.5 2.4% -5.5% Operating Income - Adjusted $29.4 $27.2 $29.1 8.2% 1.2% Operating Margin % - GAAP 14.6% 14.6% 15.1% 0

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Source: SEC EDGAR

accession 0001437749-23-030329

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