Quarterly ResultMay 6, 2026, 06:13 AM
Standex Q3 Net Income $68.5M (incl. $56.8M gain on sale); EPS $5.56
AI Summary
Standex International reported a significant increase in net income and EPS for the third quarter of fiscal year 2026, primarily driven by a $56.8 million gain from the sale of its Federal Industries display merchandising business. Net sales also saw an increase for the quarter. The company continued to manage its debt, reducing long-term debt, and declared a quarterly dividend.
Key Highlights
- Reported a $56.8 million gain from the sale of the Federal Industries business.
- Net income for Q3 2026 surged to $68.5 million from $22.7 million in Q3 2025.
- Basic EPS for Q3 2026 increased to $5.56 from $1.83 in Q3 2025.
- Net sales for Q3 2026 rose to $224.6 million from $207.8 million in Q3 2025.
- Divested Federal Industries display merchandising business in Q3 fiscal 2026.
- Long-term debt decreased to $472.8 million at March 31, 2026, from $552.5 million at June 30, 2025.
- Declared a quarterly dividend of $0.34 per share.
Price Impact
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