Standex International Reports Increase in Net Sales and Income from Operations; EPS Surpasses Expectations for Fiscal Year Ending June 30, 2025

Reuters
Aug 04
Standex International Reports Increase in Net Sales and Income from Operations; EPS Surpasses Expectations for Fiscal Year Ending June 30, 2025

Standex International Corporation has reported its consolidated results for the fiscal year ending June 30, 2025. The company achieved net sales of $790.1 million, reflecting an increase from $720.6 million in the previous year. Despite this growth in sales, income from operations saw a significant decrease of $9.1 million, or 33.9%, attributed primarily to lower demand in North America. The gross profit margin for 2025 stood at 39.9%, up from 39.1% in 2024. The company noted that foreign exchange impacts reduced sales by $1.4 million, or 0.9%, and attributed organic sales decreases of $1.0 million, or 0.7%, to delays in new platform rollouts in North America. For fiscal year 2024, net sales decreased slightly by $1.4 million, or 0.9%, compared to the prior year, influenced by foreign exchange impacts of $0.4 million, or 0.2%. However, the company experienced an increase in income from operations by $1.2 million, or 4.9%, due to productivity actions that counterbalanced slower demand in North America. The company continues to monitor key performance indicators, including net sales, gross profit margin, and operating cash flow, while emphasizing the impact of foreign exchange rates and acquisitions on its performance metrics.

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