Standex International (SXI) Tops Q4 EPS by 7c
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STANDEX REPORTS FISCAL FOURTH QUARTER 2023 FINANCIAL RESULTS
August 3, 2023 4:01 PM EDTOrganic Growth of 7.8%; Fast Growth Market Sales Increased ~67% year-on-year to ~$24 millionGAAP Operating Margin of 15.1%; Record Adjusted Operating Margin of 15.4%, up 150 bps year-on-year; Ninth Consecutive Quarter of Record Level Adjusted Operating Margin Record Gross Margin, Operating Margin, EPS, and Free Cash Flow in FY 2023 on GAAP and Adjusted BasisMinntronix Acquisition Expands Electronics' Engineering Capability, Key Customer Account Access, and Presence in Fast Growth MarketsIn FY 2024, Expect High Single Digit Sales Growth; Expect Continued Margin Expansion in FY 2024 Ahead of the... More
