secwatch.observer — SEC 8-K summary
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Issuer:     STANDEX INTERNATIONAL CORP/DE/ (SXI)
CIK:        0000310354
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001437749-24-014641
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310354/000143774924014641/0001437749-24-014641-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310354/000143774924014641/sxi20240503_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014641

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