STANDEX INTERNATIONAL CORP/DE/

Standex International Corporation announced the promotion of Ademir Sarcevic, currently Vice President, Chief Financial Officer & Treasurer, to Executive Vice President Corporate and Group President Electronics. In his new role, Mr. Sarcevic will focus on accelerating growth in the Electronics segment and managing corporate initiatives, while also continuing as CFO until a successor is found. The company approved a special incentive award for Mr. Sarcevic consisting of $750,000 in restricted stock units, vesting over two and three years.

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.

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.