Standex FY26 Q3 operating income more than triples to $90.83 million; net sales rise 8.1% to $224.6 million
Standex International Corporation SXI | 0.00 |
- Standex International reported fiscal third-quarter net sales rose 8.1% to 224.6 million, while operating income more than tripled to 90.8 million on a 56.8 million gain from sale of Federal Industries.
- Gross profit margin widened 1.2 percentage points to 40.9%, while SG&A expenses increased to 52.4 million.
- Backlog realizable under one year climbed 22.1% to 305.1 million at March 31, 2026.
- Completed divestiture of Federal Industries on March 9, 2026 for cash proceeds of 68.3 million, reshaping reporting into four segments: Electronics, Aerospace & Defense, Scientific, Engraving & Hydraulics.
- For remainder of fiscal 2026, expects continued improvement in key financial metrics, supported by productivity initiatives.
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