Standex International Corporation

What they do

```json { "headline": "Standex International is a diversified industrial manufacturer of engineered components and solutions for commercial and industrial markets, reporting four segments: Electronics, Aerospace & Defense, Scientific, and Engraving & Hydraulics.", "what_they_do": "Standex designs and manufactures sensing and switching technologies, high-precision instrument transformers, high-reliability magnetic power conversion components, complex sheet metal aerospace components, cryogenic equipment, and engraving and hydraulics products. The company operates manufacturing plants in the U.S., Mexico, the U.K., Germany, Japan, China, India, and Croatia, selling custom solutions through a 'Customer Intimacy' approach.", "revenue_drivers": [ { "name": "Electronics", "detail": "Global provider of sensing, switching, and magnetics components (transformers, inductors, relays) for power grid, electric vehicles, and industrial applications. Reported 12.9% YOY organic growth in Q4 FY2026 with a book-to-bill of 1.27, making it the largest growth contributor." }, { "name": "Aerospace & Defense (A&D)", "detail": "Provides complex sheet metal components and high-reliability magnetics for military, defense, and commercial space. Segment was renamed from Engineering Technologies after the Federal Industries divestiture; recent acquisition of McStarlite adds aerospace sheet metal capabilities." }, { "name": "Scientific", "detail": "Manufactures cryogenic equipment and isothermal freezers with dry liquid nitrogen technology for pharmaceutical and biobank life sciences end markets. Acquisition of Custom Biogenic Systems in November 2024 expanded this segment." }, { "name": "Engraving & Hydraulics", "detail": "Combined segment formed after the March 2026 divestiture of Federal Industries; includes the Engraving business and the Hydraulics business. Focused on larger platforms and faster-growth end markets." } ], "recent_performance": "In fiscal year 2026, revenue grew to $891.6M from $790.1M in FY2025, with organic growth of 5.5%, and GAAP EPS rose to $8.67 from $4.64. Q4 FY2026 sales were $228.3M, up 7.7% organically YOY, with record adjusted EPS of $2.45 (up 7.4% YOY) and record order intake of ~$270M (book-to-bill of 1.18). GAAP operating income in Q4 was $37.5M, but adjusted operating income was $45.4M due to divestiture-related items. Net leverage was reduced to 1.8x, and free cash flow in Q4 was $35.0M." ], "strategy": "Standex focuses on four growth pillars: increasing presence in rapidly growing markets (power grid, military/defense, commercial space, life sciences, renewable energy, electric vehicles), new product development, geographic expansion, and strategically aligned acquisitions. The company has made several recent acquisitions (Narayan Powertech, McStarlite, Nascent Technology Manufacturing, Custom Biogenic Systems, Sanyu) and divested non-strategic businesses (Federal Industries, Procon) to simplify the portfolio. Management emphasizes its Standex Value Creation System to drive profitable growth and uses operating cash flow for capital investments, dividends, and buybacks." , "outlook": "For fiscal year 2027, management expects high single-digit to low double-digit organic growth and expects to launch more than 20 new products. Fast growth market sales are expected to grow approximately 20%. The company cited its strong order book (book-to-bill of 1.18) and continued margin expansion potential as supporting its outlook.", "key_facts": [ { "label": "Fiscal Year End", "value": "June 30" }, { "label": "FY2026 Revenue", "value": "$891.6M" }, { "label": "FY2026 Diluted EPS (GAAP)", "value": "$8.67" }, { "label": "Net Debt to EBITDA", "value": "1.8x (Q4 FY2026)" }, { "label": "Quarterly Dividend", "value": "$0.34 per share (Q4 FY2026)" } ] } ```