Standex expects FY27 organic sales growth in the high single-digit to low double-digit range.
The company plans to launch more than 20 new products in FY27.
Fast growth market sales are projected to rise about 20% in FY27 to over $310 million.
What drove the quarter
Electronics growth - Electronics segment sales rose 12.9% organically, driven by higher sales into fast growth markets and increased new product sales.
New product sales - New product sales grew 43% year over year and contributed to overall revenue growth.
Aerospace & Defense projects - Aerospace & Defense revenue rose 18.3% year over year, mainly due to increased project activity in the defense end market.
Engraving & Hydraulics weakness - Engraving & Hydraulics revenue fell 9.7% year over year due to general market weakness.
The current average analyst rating on the shares is "buy," with 6 "strong buy" or "buy" ratings, no "hold" ratings, and no "sell" or "strong sell" ratings. The median 12-month price target is $286.00, about 4.2% above the July 29 closing price of $274.46. The stock recently traded at 28 times the next 12-month earnings, versus a P/E of 26 three months ago.
Q4 results slightly beat expectations
Standex International said fiscal Q4 sales rose 2.8% year over year, slightly beating analyst expectations.
Adjusted EPS for fiscal Q4 grew 7.4% year over year, also beating analyst expectations.
Growth was driven by the Electronics segment and higher new product sales.
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