NYSE$SXI

Standex International Corporation · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Reported fiscal second quarter 2025 financial results, achieving the highest sales since the divestment of the Refrigeration business in April 2020 and record adjusted operating margin.

Standex International Corporation reported a 6.4% increase in sales, driven by acquisitions, which was partially offset by organic decline. The company achieved a record adjusted operating margin of 18.7%, up 150 bps year-over-year, and the Electronics segment's book-to-bill ratio was 1.02, indicating continued market recovery.

  • Sales increased 6.4% with contributions from acquisitions, partially offset by organic decline.
  • GAAP gross margin was 37.6%, with adjusted gross margin at 40.9%, up 60 bps year-over-year.
  • GAAP operating margin was 4.5%, with a record adjusted operating margin of 18.7%, up 150 bps year-over-year.
  • Electronics book-to-bill ratio was 1.02, indicating continued market recovery.

Headline financials

Total Revenue

$190M

Previous: $178M+6.4%
EPS (adj)

$1.91

Previous: $1.59+20.1%
Net Debt to EBITDA

2.9

No prior period
Operating Margin (GAAP)

4.5%

No prior period
Operating Margin (Adj.)

18.7%

No prior period
EBITDA Margin

8.5%

No prior period
Adj. EBITDA Margin

20.9%

No prior period
Capital Expenditures

-$6.97M

Previous: -$4.25M-63.9%
Net Income

$857K

Previous: $18.9M-95.5%
Operating Income

$7.43M

Previous: $25.8M-71.3%
Gross Profit

$71.4M

Previous: $71.7M-0.3%

Revenue & EPS history

Standex · Revenue · Quarterly

$190M

Q2 2025+6.4%vs Q2 2024
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Revenue by segment

Standex · $185M total across 5 segments · Q1 2024

  • Electronics
    $81.3M-0.2%
  • Engraving
    $40.7M+11.4%
  • Specialty Solutions
    $25.8M-31.1%
  • Engineering Technologies
    $18.5M-5.3%
  • Scientific
    $18.5M-2.7%

Forward guidance

The Company expects moderately to significantly higher revenue in fiscal third quarter 2025, driven by the Amran/Narayan Group acquisition and improving overall demand in Electronics. They also anticipate slightly to moderately higher adjusted operating margin, benefiting from improved revenue, partially offset by higher investments in selling, marketing, and R&D.

Tailwinds

  • Moderately to significantly higher revenue expected due to Amran/Narayan Group acquisition.
  • Improving overall demand in Electronics.
  • Slightly to moderately higher adjusted operating margin expected.
  • Benefiting from improved revenue.
  • Electrical Grid End Market Anticipated to Provide Tailwind to Second Half of FY25

Headwinds

  • Higher investments in selling, marketing, and R&D will partially offset margin improvement.
  • Continued softness in the automotive end markets in North America and Europe
  • Less favorable project timing in Asia due to the Chinese New Year.
  • Higher freight costs.
  • General market softness in the Display Merchandising business and in the Hydraulics business.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.0%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+3.6%

Avg return

30 days after

53%

34 / 64 earnings

Positive

+23.5%

Q4 2019

Best reaction

-20.7%

Q3 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-8.7%+0.0%+11.7%
Q2 2026+3.5%+7.7%+3.7%
Q1 2026+0.7%-3.3%+1.0%
Q3 2025+8.9%+5.3%+4.2%
Q2 2025-2.1%+4.9%-0.3%
Q1 2025+5.5%+0.4%+15.7%
Q4 2024-4.7%-9.1%-4.4%
Q3 2024+0.5%-4.2%-3.4%
Q2 2024+1.2%+1.9%+18.8%
Q1 2024-5.6%-5.2%-4.9%
Q4 2023+5.3%+11.4%+4.9%
Q3 2023+4.0%+8.5%+15.9%
Q2 2023-0.5%+1.0%+1.4%
Q1 2023+2.1%-1.0%+7.5%
Q4 2022-1.2%-3.3%-10.6%
Q3 2022-2.9%-5.5%-3.8%
Q2 2022+0.0%+6.9%+8.6%
Q1 2022+3.4%+3.9%-9.8%
Q4 2021+2.2%+3.0%-0.5%
Q3 2021+3.9%+2.5%+1.9%
Q2 2021+0.6%+5.2%+19.6%
Q1 2021+3.0%+12.0%+29.6%
Q4 2020-1.9%+2.1%-0.1%
Q3 2020+7.9%-0.3%+39.8%
Q2 2020-3.8%-4.6%-11.7%
Q1 2020-1.0%+1.1%-1.1%
Q4 2019+23.5%+12.3%+20.7%
Q3 2019-11.5%-6.7%-11.3%
Q2 2019-5.2%-2.4%+4.2%
Q1 2019-15.4%-15.1%-14.8%
Q4 2018-4.8%-5.0%-8.2%
Q3 2018-3.6%-4.2%+2.9%
Q2 2018+4.5%+0.9%-4.8%
Q1 2018+1.2%+0.4%+1.4%
Q4 2017+2.1%+3.9%+16.9%
Q3 2017-3.4%-3.4%-6.7%
Q2 2017+4.8%+2.3%+3.2%
Q1 2017-10.0%-11.3%+6.2%
Q4 2016-8.9%-8.8%-3.6%
Q3 2016+0.9%
Q2 2016-8.4%
Q1 2016+6.2%
Q4 2015+9.6%
Q3 2015-2.8%
Q2 2015-0.3%
Q1 2015+1.4%
Q4 2014+4.1%
Q3 2014+18.0%
Q2 2014-0.3%
Q1 2014+0.8%
Q4 2013-5.8%
Q3 2013-3.4%
Q2 2013-0.9%
Q1 2013+8.5%
Q4 2011-0.7%
Q4 2010-0.7%
Q4 2012+2.9%
Q3 2011+4.2%
Q3 2012+4.2%
Q2 2011+0.3%
Q2 2012+0.3%
Q1 2012-4.0%
Q1 2011-4.0%
Q3 2010-20.7%

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