$269.690
+9.385 (+3.48%)At close
SXI News
SXI Events
Standex Declares Quarterly Cash Dividend of $0.36
Standex has declared a quarterly cash dividend of 36c per share, an approximately 5.9% year-on-year increase. The dividend is payable November 20 to shareholders of record on November 6.
Standex Appoints Samantha Stoddard as CFO
Standex (SXI) announced the appointment of Samantha Stoddard as Vice President, CFO and Treasurer, effective December 1, 2026. Stoddard will join Standex from Jeld-Wen Holding (JELD), where she currently serves as Executive Vice President and CFO. She will report directly to David Dunbar, Standex's Chairman, President and CEO. Stoddard will succeed Ademir Sarcevic, who, as previously announced in May 2026, was promoted to Executive Vice President - Corporate and Group President - Electronics and has continued to serve as CFO during the search for his successor. Sarcevic will remain CFO until Stoddard joins on December 1, after which he will focus fully on driving accelerated growth across the company's Electronics segment and overseeing certain corporate projects and initiatives.
Standex Acquires Remaining 9.9% Stake in Narayan Powertech for Approximately $64M
Standex has acquired the remaining 9.9% interest in India-based Narayan Powertech, a manufacturer of low voltage and medium voltage instrument transformers, for approximately $64M.
Company Reports Q3 Revenue of $224.6M, Slightly Below Expectations
Reports Q3 revenue $224.6M, consensus $225.16M. Commenting on the quarter's results, President and CEO, David Dunbar said, "We delivered another quarter with year-on-year organic growth and strong operating performance. Our sales increased 8.1% year-on-year to $224.6M driven by 8% contribution from new products and more than 30% contribution from sales into fast growth markets. We realized 6.5% organic growth with a book to bill of 1.05. Our Electronics segment grew 6.8% organically with a book to bill of 1.14. We are well positioned to deliver mid-to-high single-digit organic growth again in the fiscal Q4, primarily driven by new product launches, and strong tailwinds in the electrical grid, space, defense and aviation end markets. Sales from fast growth markets totaled approximately $69M in the fiscal Q3 and are expected to reach approximately $270M for the FY26. Adjusted operating margin expanded by 30 basis points year-on-year to 19.7%. We paid down approximately $62M of debt in the fiscal Q3, and our net leverage ratio was reduced to 1.9x.
Company Expects Slight Revenue Increase in Fiscal Q4
The company said, "In fiscal Q4, on a year-on-year basis, the Company expects slightly to moderately higher revenue, driven by mid-to-high single digit organic growth from higher sales into fast growth end markets and increased new product sales, partially offset by the impact on revenue from the recently completed divestiture of Federal Industries. The Company expects slightly lower adjusted operating margin as contributions from organic growth and realization of productivity actions are more than offset by growth investments, higher medical costs, and increased variable compensation expenses. On a sequential basis, the Company expects slightly higher revenue, driven by increased contributions from fast growth end markets and new product sales, and slightly to moderately higher adjusted operating margin due to higher volume and pricing and productivity initiatives, partially offset by growth investments."
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.