Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The company operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. The Electronics segment offers reed relays, fluid level, proximity, motion, flow, HVAC condensate, and custom electronics sensors; and current sense and advanced planar transformer technologies, value added assemblies, and mechanical packaging, as well as custom wound transformers and inductors for low and high frequency applications. The Engraving segment provides mold texturizing, slush molding tools, roll engraving, hygiene product tooling, and low observation vents, as well as project management and design services for stealth aircraft; and process machinery for various industries. The Scientific segment offers temperature controlled equipment for the medical, scientific, pharmaceutical, biotech, and industrial markets. The Engineering Technologies segment offers net and near net formed single-source customized solutions that are used in the manufacture of engineered components for the aviation, aerospace, defense, energy, industrial, medical, marine, oil and gas, and manned and unmanned space markets. The Specialty Solutions segment manufactures and sells refrigerated, heated and dry merchandizing display cases, custom fluid pump solutions, single and double acting telescopic, and piston rod hydraulic cylinders. Standex International Corporation was founded in 1955 and is headquartered in Salem, New Hampshire.
IPO Year:
Exchange: NYSE
Website: standex.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/13/2023 | $165.00 | Buy | DA Davidson |
| 7/18/2023 | Outperform | William Blair | |
| 5/2/2023 | $140.00 | Outperform | Barrington Research |
| 1/27/2023 | $150.00 | Buy | The Benchmark Company |
| 5/9/2022 | Mkt Perform → Outperform | William Blair | |
| 8/16/2021 | $113.00 → $133.00 | Outperform | Barrington Research |
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6 analysts have expressed a variety of opinions on Standex International (NYSE:SXI) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 2 0 0 0 Last 30D 0 1 0 0 0 1M Ago 3 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $193.83, a high estimate of $210.00, and a low estimate of $180.00. Marking an increase of 5.92%, the
Barrington Research analyst Gary Prestopino maintains Standex International (NYSE:SXI) with a Outperform and maintains $180 price target.
DA Davidson analyst Michael Shlisky maintains Standex International (NYSE:SXI) with a Buy and raises the price target from $200 to $203.
In the last three months, 4 analysts have published ratings on Standex International (NYSE:SXI), offering a diverse range of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 1 1 0 0 0 1M Ago 1 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $195.0, along with a high estimate of $210.00 and a low estimate of $180.00. T
Barrington Research analyst Gary Prestopino reiterates Standex International (NYSE:SXI) with a Outperform and maintains $180 price target.
Benchmark analyst Michael Legg maintains Standex International (NYSE:SXI) with a Buy and raises the price target from $190 to $210.
Benchmark analyst Michael Legg reiterates Standex International (NYSE:SXI) with a Buy and maintains $190 price target.
"We are reaffirming our long-term target for fast growth market sales of $200 million plus by fiscal year 2028," the company said. In the fiscal fourth quarter 2024, on a sequential basis, the Company expects slightly to moderately higher revenue due to favorable project timing in the Engineering Technologies segment, increased market demand in the Specialty Solutions segment, and the impact of the Company's recent acquisition of Sanyu. The Company expects slightly to moderately higher adjusted operating margin sequentially due to leverage on higher sales and pricing and productivity actions.
SALEM, N.H., Oct. 17, 2022 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) today announced the appointment of Christopher Howe to the position of Standex Director of Investor Relations, effective October 12, 2022. Howe is a seasoned equity analyst with almost a decade of experience covering diversified industrials and industrial technology companies. He holds an M.B.A in financial analysis from DePaul University's Kellstadt Graduate School of Business, where he graduated with distinction. As Standex Director of Investor Relations, Howe will be responsible for mana
CLEVELAND, May 03, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that Robin J. Davenport, Vice President - Corporate Finance, will retire effective December 31, 2022, after 19 years of dedicated service to the company. "Robin should take pride in all she has accomplished throughout her career and nearly two decades with Parker," said Todd Leombruno, Executive Vice President and Chief Financial Officer. "As a corporate finance leader, Robin not only served as Parker's primary contact to the investment community but helped lead the company through several phases of growth and expansion, navigate perio
SALEM, N.H., May 6, 2021 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) today announced that it has appointed Robin J. Davenport, Vice President of Corporate Finance, at Parker-Hannifin Corporation as an observer and advisor to its Board of Directors, and intends to nominate Ms. Davenport for election to the Board of Directors at Standex's 2021 Annual Shareholders Meeting. "We are delighted that Robin has agreed to serve on the Standex Board of Directors. She is a highly accomplished and respected executive with comprehensive financial and global industry exp
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SALEM, N.H., Nov. 14, 2024 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) today announced that it has acquired Michigan-based Custom Biogenic Systems ("CBS") for approximately $6.2 million in cash. The transaction is being financed from Standex's existing cash balance. In its first year of ownership, the Company expects the acquisition to be accretive to its earnings. CBS will be reported as part of Standex's Scientific business segment. "We are pleased to have acquired Custom Biogenic Systems, extending the reach of our scientific refrigeration business with a p
Northern Edge Advisors served as the exclusive financial advisor to privately-held US-based Amran Instrument Transformers and India-based Narayan Powertech Pvt. Ltd. ("Amran/Narayan Group") in the sale to Standex International Corporation (NYSE:SXI). Structured as the simultaneous sale of two separate companies, the acquisitions are the largest in Standex's history, with a combined enterprise value of approximately $462 million consisting of both cash and stock consideration. The international nature of the transactions introduced myriad technical challenges due to differing regulatory and legal regimes, as well as logistical challenges working across time zones. With manufacturing facili
Chamberlain Hrdlicka's M&A team, led by David Sheinbein, represented privately-held US-based Amran Instrument Transformers and India-based Narayan Powertech Pvt. Ltd ("Amran/Narayan Group") in two simultaneous sale transactions to Standex International Corporation (NYSE:SXI). With manufacturing locations in the United States and India and customers in more than 60 countries, Amran/Narayan Group is a leading manufacturer and distributor of low-voltage and medium-voltage instrument transformers and other products focused on the electrical grid, smart grid technology, data centers, and renewable energy systems. The company's products are used in many electrical grid applications, supporting m
Sales Declined 7.7% with Contributions from Acquisitions Partially Offsetting Organic DeclineRecord GAAP and Adjusted Gross Margin of 41.1%; Up 240 bps Sequentially and 160 bps YOYGAAP Operating Margin of 14.1%; Adjusted Operating Margin of 15.9%Acquired Amran Instrument Transformers & Narayan Powertech Pvt., Ltd., Largest Acquisition in Company's History; Significantly Expands Presence in Fast-Growing, High-Margin Electrical Grid End Market; Expected to be Immediately Accretive to Revenue Growth, Margins, and EPSSALEM, N.H., Oct. 29, 2024 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) today reported financial results for the first quarter of fiscal year 2025 ended September 30
Immediately Accretive to Revenue Growth, EBITDA Margin, Operating Margin, EPS and FCFAmran/Narayan Grew Revenue at ~30% CAGR Over Last Three Years; Expects ~$100M of Revenue in CY 2024, with Adjusted EBITDA Margin Above 40%Significantly Expands Presence in the Fast-Growing, High-Margin Electrical Grid End Market, Benefiting from Infrastructure Upgrades, Capacity Expansion and Data Center DemandStandex's Exposure to Fast Growth Markets Increases to ~25% of Sales on Pro-Forma FY 2024 BasisBroadens Technology Platform and Capabilities to Expand Growth into Electronics' MarketsGeographic Expansion with Engineering Expertise in India and Intellectual Property in Low to Medium Voltage Technologies
SALEM, N.H., Oct. 29, 2024 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) has announced that it will hold an investors' conference call at 10:00 a.m. ET today to discuss its first quarter fiscal 2025 financial results as well as its acquisition of Amran Instrument Transformers and Narayan Powertech Pvt. Ltd. This call replaces the earnings call originally scheduled for 8:30 a.m. ET on Wednesday, October 30, 2024. On the call, David Dunbar, President & CEO, and Ademir Sarcevic, CFO & Treasurer, will review the Company's first quarter financial results, business hi
SALEM, N.H., Oct. 24, 2024 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) will announce its first quarter fiscal 2025 financial results on Tuesday, October 29, 2024 after the close of the market and will broadcast its conference call live over the Internet at 8:30 a.m. ET on Wednesday, October 30, 2024. On the call, David Dunbar, President & CEO, and Ademir Sarcevic, CFO & Treasurer, will review the Company's first quarter financial results, business highlights and outlook. Investors interested in listening to the webcast and viewing the slide presentation should
SALEM, N.H., Oct. 24, 2024 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) today announced that its Board of Directors has declared a quarterly cash dividend of $0.32 per share, an approximately 6.7% year-on-year increase. The dividend is payable November 22, 2024, to shareholders of record on November 8, 2024. The dividend is the Company's 241st consecutive quarterly cash dividend. Standex has paid dividends each quarter since it became a public corporation in November 1964. About Standex Standex International Corporation is a global multi-industry manufacturer
SALEM, N.H., Sept. 10, 2024 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) announced today that David Dunbar, President & CEO, will be participating in the D.A. Davidson 23rd Annual Diversified Industrials & Services Conference in Nashville, Tennessee, on Thursday, September 19, 2024. Interested parties may access the Company's presentation on the Investor Relations section of Standex's website under the subheading, Events and Presentations, located on the Company's website standex.com. About Standex Standex International Corporation is a multi-industry manufactu
In Q4 FY24, Sales Declined 4.3% with Contributions from Acquisitions and Fast Growth Markets Partially Offsetting Organic Decline; Fast Growth Market Sales Increased ~13% YOY to $27 MillionQ4 FY24 GAAP Operating Margin of 15.1%; Adjusted Operating Margin of 16.0%, Up 60 bps Sequentially and YOY Record Profit and Cash Generation in FY24:GAAP Gross Margin of 39.1%; Adjusted Gross Margin of 39.4%, up 90 bps YOY GAAP Operating Margin of 14.1%; Adjusted Operating Margin of 15.8%, up 60 bps YOY Free Cash Flow Generation of $73 MillionContinued Investments to Support Growth; R&D Spend Increased $3.3 Million to 2.8% of Sales in FY24In FY25, Plan to Release Over a Dozen New Products, At Least One in
SALEM, N.H., Nov. 14, 2024 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) today announced that it has acquired Michigan-based Custom Biogenic Systems ("CBS") for approximately $6.2 million in cash. The transaction is being financed from Standex's existing cash balance. In its first year of ownership, the Company expects the acquisition to be accretive to its earnings. CBS will be reported as part of Standex's Scientific business segment. "We are pleased to have acquired Custom Biogenic Systems, extending the reach of our scientific refrigeration business with a p
Sales Declined 7.7% with Contributions from Acquisitions Partially Offsetting Organic DeclineRecord GAAP and Adjusted Gross Margin of 41.1%; Up 240 bps Sequentially and 160 bps YOYGAAP Operating Margin of 14.1%; Adjusted Operating Margin of 15.9%Acquired Amran Instrument Transformers & Narayan Powertech Pvt., Ltd., Largest Acquisition in Company's History; Significantly Expands Presence in Fast-Growing, High-Margin Electrical Grid End Market; Expected to be Immediately Accretive to Revenue Growth, Margins, and EPSSALEM, N.H., Oct. 29, 2024 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) today reported financial results for the first quarter of fiscal year 2025 ended September 30
Immediately Accretive to Revenue Growth, EBITDA Margin, Operating Margin, EPS and FCFAmran/Narayan Grew Revenue at ~30% CAGR Over Last Three Years; Expects ~$100M of Revenue in CY 2024, with Adjusted EBITDA Margin Above 40%Significantly Expands Presence in the Fast-Growing, High-Margin Electrical Grid End Market, Benefiting from Infrastructure Upgrades, Capacity Expansion and Data Center DemandStandex's Exposure to Fast Growth Markets Increases to ~25% of Sales on Pro-Forma FY 2024 BasisBroadens Technology Platform and Capabilities to Expand Growth into Electronics' MarketsGeographic Expansion with Engineering Expertise in India and Intellectual Property in Low to Medium Voltage Technologies
SALEM, N.H., Oct. 29, 2024 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) has announced that it will hold an investors' conference call at 10:00 a.m. ET today to discuss its first quarter fiscal 2025 financial results as well as its acquisition of Amran Instrument Transformers and Narayan Powertech Pvt. Ltd. This call replaces the earnings call originally scheduled for 8:30 a.m. ET on Wednesday, October 30, 2024. On the call, David Dunbar, President & CEO, and Ademir Sarcevic, CFO & Treasurer, will review the Company's first quarter financial results, business hi
SALEM, N.H., Oct. 24, 2024 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) will announce its first quarter fiscal 2025 financial results on Tuesday, October 29, 2024 after the close of the market and will broadcast its conference call live over the Internet at 8:30 a.m. ET on Wednesday, October 30, 2024. On the call, David Dunbar, President & CEO, and Ademir Sarcevic, CFO & Treasurer, will review the Company's first quarter financial results, business highlights and outlook. Investors interested in listening to the webcast and viewing the slide presentation should
SALEM, N.H., Oct. 24, 2024 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) today announced that its Board of Directors has declared a quarterly cash dividend of $0.32 per share, an approximately 6.7% year-on-year increase. The dividend is payable November 22, 2024, to shareholders of record on November 8, 2024. The dividend is the Company's 241st consecutive quarterly cash dividend. Standex has paid dividends each quarter since it became a public corporation in November 1964. About Standex Standex International Corporation is a global multi-industry manufacturer
In Q4 FY24, Sales Declined 4.3% with Contributions from Acquisitions and Fast Growth Markets Partially Offsetting Organic Decline; Fast Growth Market Sales Increased ~13% YOY to $27 MillionQ4 FY24 GAAP Operating Margin of 15.1%; Adjusted Operating Margin of 16.0%, Up 60 bps Sequentially and YOY Record Profit and Cash Generation in FY24:GAAP Gross Margin of 39.1%; Adjusted Gross Margin of 39.4%, up 90 bps YOY GAAP Operating Margin of 14.1%; Adjusted Operating Margin of 15.8%, up 60 bps YOY Free Cash Flow Generation of $73 MillionContinued Investments to Support Growth; R&D Spend Increased $3.3 Million to 2.8% of Sales in FY24In FY25, Plan to Release Over a Dozen New Products, At Least One in
SALEM, N.H., July 26, 2024 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) today announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per share, an approximately 7.1% year-on-year increase. The dividend is payable August 23, 2024, to shareholders of record on August 9, 2024. The dividend is the Company's 240th consecutive quarterly cash dividend. Standex has paid dividends each quarter since it became a public corporation in November 1964. About Standex Standex International Corporation is a global multi-industry manufacturer in f
SALEM, N.H., July 26, 2024 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) will announce its fourth quarter fiscal 2024 financial results on Thursday, August 1, 2024 after the close of the market and will broadcast its conference call live over the Internet at 8:30 a.m. ET on Friday, August 2, 2024. On the call, David Dunbar, President & CEO, and Ademir Sarcevic, CFO & Treasurer, will review the Company's fourth quarter financial results, business highlights and outlook. Investors interested in listening to the webcast and viewing the slide presentation should log
Fast Growth Market Sales Increased ~9% Year-On-Year to ~$26 MillionOrganic Sales Decline of 5.7% Year-on-Year; In FY25, Expect Return to Organic Growth Rates In Line with Previously Communicated Long Term Financial Objectives. GAAP Gross Margin of 38.5% and Adjusted Gross Margin of 39.0%, Up 50 bps Year-on-YearGAAP Operating Margin of 12.3%Adjusted Operating Margin of 15.4%, up 20 bps Year-On-Year; Includes 70 bps Charge from One-Time Stock Compensation Record Fiscal Third Quarter' Free Cash Flow of $19.3 Million; Record Year-to-Date Free Cash Flow of $50.8 MillionCompleted Acquisition of Japanese-Based Sanyu Switch Co., LtdSALEM, N.H., May 2, 2024 /PRNewswire/ -- Standex International Corpo
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DA Davidson initiated coverage of Standex International with a rating of Buy and set a new price target of $165.00
William Blair resumed coverage of Standex International with a rating of Outperform
Barrington Research resumed coverage of Standex International with a rating of Outperform and set a new price target of $140.00
The Benchmark Company initiated coverage of Standex International with a rating of Buy and set a new price target of $150.00
William Blair upgraded Standex International from Mkt Perform to Outperform
Barrington Research reiterated coverage of Standex International with a rating of Outperform and set a new price target of $133.00 from $113.00 previously
Barrington Research reiterated coverage of Standex International with a rating of Outperform and set a new price target of $110.00 from $101.00 previously
Barrington Research reiterated coverage of Standex International with a rating of Outperform and set a new price target of $101.00 from $97.00 previously