secwatch.observer — SEC 8-K summary
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Issuer:     STANDEX INTERNATIONAL CORP/DE/ (SXI)
CIK:        0000310354
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001437749-23-030329
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310354/000143774923030329/0001437749-23-030329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310354/000143774923030329/sxi20231102_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-030329

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