Standex Q2 sales rise 16.6%, slightly beat estimates

Overview

• Multi-industry manufacturer's fiscal Q2 sales rose 16.6%, slightly beating analyst expectations

• Adjusted EPS for fiscal Q2 beat analyst expectations

• Company reiterated FY26 sales outlook, driven by new products and fast growth markets

Outlook

• Standex expects fiscal third-quarter revenue growth from fast growth markets and new product sales

• Company reiterates fiscal year 2026 revenue growth of over $110 mln

• Standex plans to release over 15 new products in fiscal year 2026

Result Drivers

• NEW PRODUCTS - Sales from new products grew ~13%, contributing to overall sales increase

• FAST GROWTH MARKETS - Sales into fast growth markets contributed ~28% of total sales

• ELECTRONICS SEGMENT - Electronics segment revenue increased 20.6% year-on-year, driven by organic growth and acquisitions

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

• Wall Street's median 12-month price target for Standex International Corp is $260.00, about 7.4% above its January 28 closing price of $242.06

• The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nPn11Lq73a

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