Standex International Q1 sales beat estimates on electronics growth and strong end-market demand
SXI•Standex International reported Q1 sales of $232.6 million and adjusted EPS of $2.41, beating analyst estimates of $228.81 million and $2.34. It raised its FY27 outlook to high-single-digit total sales growth and authorized $100 million in share repurchases.
1. Quarterly results
Q1 sales rose year over year to $232.6 million, above the $228.81 million analyst estimate. Adjusted EPS was $2.41, beating the $2.34 estimate; adjusted EBITDA was $51.2 million and adjusted EBIT margin was 20.2%.
2. Outlook and drivers
Standex raised its FY27 outlook to high-single-digit total sales growth and expects organic sales to increase by more than $100 million, with adjusted EPS growth in the high teens. The company said growth was driven by electrification, data center and defense demand, new products, and recovery in general industrial markets. Its Electronics segment delivered 29.5% organic growth, while Engraving & Hydraulics revenue declined due to softness in the North American automotive market.
3. Share repurchases
The company announced a new $100 million share repurchase authorization.
