Standex International Corporation Reports Earnings Results for the Second Quarter Ended December 31, 2020
February 04, 2021 at 04:19 pm EST
Share
Standex International Corporation announced earnings results for the second quarter ended December 31, 2020. For the second quarter, the company announced sales was USD 156.283 million compared to USD 153.697 million a year ago. Operating income was USD 16.738 million compared to USD 17.639 million a year ago. Net income was USD 11.377 million compared to USD 12.238 million a year ago. Basic earnings per share was USD 0.93 compared to USD 0.99 a year ago. Basic earnings per share from continuing operations was USD 0.98 compared to USD 0.99 a year ago.
For the half year, sales was USD 307.569 million compared to USD 309.669 million a year ago. Operating income was USD 31.092 million compared to USD 33.491 million a year ago. Net income was USD 21.094 million compared to USD 24.676 million a year ago. Basic earnings per share was USD 1.73 compared to USD 2 a year ago. Diluted earnings per share was USD 1.72 compared to USD 1.99 a year ago. Basic earnings per share from continuing operations was USD 1.83 compared to USD 1.85 a year ago. Diluted earnings per share from continuing operations was USD 1.82 compared to USD 1.84 a year ago.
Standex International Corporation is a diversified industrial manufacturing company. The Company operates through five segments. Its Electronics segment manufactures and sells electronic components for applications throughout the end user market spectrum. Its Engraving segment provides mold texturizing, slush molding tools, project management and design services, roll engraving, hygiene product tooling, low observation vents for stealth aircraft, and process machinery for several industries. Its Scientific segment sells specialty temperature-controlled equipment for the medical, scientific, pharmaceutical, biotech and industrial markets. Its Engineering Technologies segment provides net and near net formed single-source customized solutions in the manufacture of engineered components. Its Specialty segment manufactures and sells refrigerated, heated and dry merchandizing display cases and single and double acting telescopic and piston rod hydraulic cylinders.