Standex International Corporation Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 01, 2024 at 04:01 pm EST
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Standex International Corporation reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 178.4 million compared to USD 187.79 million a year ago. Net income was USD 18.87 million compared to USD 20.04 million a year ago. Basic earnings per share from continuing operations was USD 1.62 compared to USD 1.69 a year ago. Diluted earnings per share from continuing operations was USD 1.61 compared to USD 1.69 a year ago. Basic earnings per share was USD 1.6 compared to USD 1.69 a year ago. Diluted earnings per share was USD 1.59 compared to USD 1.69 a year ago.
For the six months, sales was USD 363.17 million compared to USD 368.39 million a year ago. Net income was USD 37.69 million compared to USD 38.31 million a year ago. Basic earnings per share from continuing operations was USD 3.22 compared to USD 3.25 a year ago. Diluted earnings per share from continuing operations was USD 3.19 compared to USD 3.22 a year ago. Basic earnings per share was USD 3.2 compared to USD 3.24 a year ago. Diluted earnings per share was USD 3.17 compared to USD 3.21 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.
STANDEX INTERNATIONAL CORPORATION 
