secwatch.observer — SEC 8-K summary
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Issuer:     STANDEX INTERNATIONAL CORP/DE/ (SXI)
CIK:        0000310354
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0001437749-24-003002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Standex Q2 adj. EPS $1.78 (+2.3%), revenue $178.4M (-5.0%); record margins, dividend raised
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- GAAP diluted EPS $1.61; adjusted diluted EPS $1.78 (up 2.3% YoY); revenue $178.4M down 5.0%.
- Record adjusted gross margin 40.3% (+180 bps) and adjusted operating margin 16.1% (+90 bps), 11th consecutive quarter.
- Fast growth market sales ~$21M (+14% YoY); organic sales declined 7.4% due to project timing and transitory softness.
- Expect to close acquisition of Sanyu Switch in fiscal Q3 2024; quarterly dividend raised 7.1% to $0.30/share.
- Free cash flow $19.5M in Q2, YTD record $31.6M; capex guidance revised to $25-30M for FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310354/000143774924003002/0001437749-24-003002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310354/000143774924003002/sxi20240202_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-003002

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