Standex Q3 adjusted EPS $1.75 (+6.1% YoY); revenue down 3.8%; organic sales -5.7%

STANDEX INTERNATIONAL CORP/DE/

2024-Q3 EPS reported $4.50 revenue$540,441,000

Revenue $177.3M, -3.8% YoY; organic sales declined 5.7% on softness in appliances and industrial in China/Europe.
GAAP diluted EPS $1.35 (prior year $6.77 included gain); adjusted EPS $1.75 (+6.1%). Adjusted op. margin 15.4% (+20 bps).
Completed acquisition of Japanese Sanyu Switch Co.; expects double-digit ROIC in first year and accretion to earnings.
Dividend raised 7.1% to $0.30/share; repurchased ~34,000 shares for $5.1M; $33.3M remaining authorization.
Record fiscal Q3 free cash flow $19.3M; year-to-date free cash flow $50.8M.

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 0.95

STANDEX INTERNATIONAL CORP/DE/ reported the third quarter ended March 31, 2024 results: revenue $ 177.3, net income $ 15.9, EPS $ 1.35. Guidance reaffirmed.

Period: the third quarter ended March 31, 2024
Revenue: $ 177.3
Net income: $ 15.9
EPS: $ 1.35
Guidance: reaffirmed
Result: reported results

Exact text from the filing

results for the third quarter of fiscal year 2024 ended March 31, 2024. Summary Financial Results - Total ($M except EPS and Dividends) 3Q24 3Q23 2Q24 Y/Y Q/Q Net Sales $ 177.3 $ 184.3 $ 178.4 -3.8 % -0.6 % Operating Income – GAAP $ 21.8 $ 88.5 $ 25.8 -75.3 % -15.4 % Operating Income – Adjusted $ 27.3 $ 27.9 $ 28.7 -2.2 % -4.7 % Operating Margin % - GAAP

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STANDEX INTERNATIONAL CORP/DE/ filing history →

Source: SEC EDGAR

accession 0001437749-24-014641

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