Quarterly ResultMay 5, 2026, 05:32 PM
Standex Q3 Sales +8.1% to $224.6M; Adj. EPS $2.21; Federal Industries Divested
AI Summary
Standex International reported strong financial results for the third quarter of fiscal year 2026, with sales increasing 8.1% year-on-year to $224.6 million and adjusted diluted EPS growing 13.5% to $2.21. The company completed the divestiture of Federal Industries for approximately $70 million, simplifying its portfolio and reducing its net leverage ratio to 1.9x. Standex also re-named its Engineering Technologies segment to Aerospace & Defense and combined Hydraulics with Engraving.
Key Highlights
- Completed divestiture of Federal Industries for approximately $70 million, reducing net leverage to 1.9x.
- Net sales increased 8.1% year-on-year to $224.6 million, with 6.5% organic growth.
- Adjusted diluted EPS rose 13.5% year-on-year to $2.21.
- Adjusted operating margin expanded by 30 basis points year-on-year to 19.7%.
- Electronics segment revenue grew 7.6% to $119.7 million, with 6.8% organic growth.
- Aerospace & Defense segment revenue surged 33.7% to $36.6 million, with 20.8% organic growth.
- Declared a quarterly cash dividend of $0.34 per share, a 6.3% year-on-year increase.
- Forecasts ~$100 million incremental sales in FY26 and ~45% growth in fast-growth market sales.