NYSE$SXI
Standex International Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported financial results for the third quarter of fiscal year 2024.
Standex International Corporation reported solid adjusted gross margin and record free cash flow for the third quarter of fiscal year 2024, despite experiencing softness in general market conditions. The company reaffirmed its long-term target for fast growth market sales and completed the acquisition of Sanyu Switch Company.
- Fast Growth Market Sales Increased ~9% Year-On-Year to ~$26 Million
- GAAP Gross Margin of 38.5% and Adjusted Gross Margin of 39.0%, Up 50 bps Year-on-Year
- GAAP Operating Margin of 12.3%
- Record Fiscal Third Quarter’ Free Cash Flow of $19.3 Million
Headline financials
Revenue & EPS history
Standex · Revenue · Quarterly
$177M
Revenue by segment
Standex · $185M total across 5 segments · Q1 2024
- Electronics$81.3M-0.2%44.0%
- Engraving$40.7M+11.4%22.0%
- Specialty Solutions$25.8M-31.1%14.0%
- Engineering Technologies$18.5M-5.3%10.0%
- Scientific$18.5M-2.7%10.0%
Forward guidance
The Company expects slightly to moderately higher revenue sequentially due to favorable project timing in the Engineering Technologies segment, increased market demand in the Specialty Solutions segment, and the impact of the Company’s recent acquisition of Sanyu. The Company expects slightly to moderately higher adjusted operating margin sequentially due to leverage on higher sales and pricing and productivity actions.
Tailwinds
- Favorable project timing in the Engineering Technologies segment
- Increased market demand in the Specialty Solutions segment
- Impact of the Company’s recent acquisition of Sanyu
- Leverage on higher sales
- Pricing and productivity actions
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 Q3 2024
+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
| Quarter | Report date | Reaction (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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