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Standex International Q1 sales beat estimates on electronics growth, strong end-market demand

By Reuters News


Overview

  • US multi-industry manufacturer's Q1 sales rose yr/yr, beating analyst expectations

  • Adjusted EPS for Q1 beat analyst expectations

  • Company announced new $100 mln share repurchase authorization


Outlook

  • Standex raises FY27 outlook to high-single digits total sales growth

  • Company expects FY27 organic sales to rise by more than $100 mln

  • Standex expects high teens growth in FY27 adjusted EPS


Result Drivers

  • END MARKET DEMAND - Co said sales growth was driven by electrification, data center and defense needs, new products, and recovery in general industrial markets

  • ELECTRONICS SEGMENT - Electronics segment delivered 29.5% organic growth, supported by fast growth markets and new product sales

  • AUTOMOTIVE SOFTNESS - Co said Engraving & Hydraulics segment revenue declined due to softness in North American automotive market


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Sales

Beat

$232.60 mln

$228.81 mln (6 Analysts)

Q1 Adjusted EPS

Beat

$2.41

$2.34 (6 Analysts)

Q1 EPS

$1.99

Q1 Adjusted EBITDA

$51.20 mln

Q1 Adjusted EBIT Margin

20.20%

Q1 Adjusted Operating Income

$47 mln

Q1 EBIT Margin

17.40%

Q1 Operating Income

$40.40 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "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 $330.00, about 34.9% above its October 28 closing price of $244.55

  • The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 36 three months ago


Reuters Recommended Reads

  • Oct 27 - Illinois Tool Works Inc beats Q3 EPS estimates, raises 2026 outlook

  • Oct 28 - Littelfuse Q3 sales rise 23% on electronics segment strength

  • Oct 28 - TE Connectivity Q4 sales beats on industrial, transportation segments growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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