斯坦德克斯國際公佈Q4及全年業績 經調整每股盈利創紀錄達2.45美元

EX-99
2
ex_996251.htm
EXHIBIT 99

 ex_996251.htm

 

Exhibit 99

 

 
 
 

 
 NEWS RELEASE
 

 

STANDEX INTERNATIONAL CORPORATION █ SALEM, NH 03079 █ TEL (603) 893-9701 █ WEB www.standex.com

 

STANDEX REPORTS FISCAL FOURTH QUARTER AND FISCAL YEAR 2026 FINANCIAL RESULTS 

 

 
  
 
 ●

 
 
 In Q4 FY26, Sales of $228.3 Million Increased 7.7% YOY Organically; Electronics Increased 12.9% YOY Organically

 
 

 
  
 
 ●

 
 
 New Products Sales Grew 43% and Sales into Fast Growth Markets Contributed 31% of Total Sales

 
 

 
  
 
 ●

 
 
 Record Order Intake of ~$270 Million; Book to Bill of 1.18: Electronics Book to Bill at 1.27

 
 

 
  
 
 ●

 
 
 Q4 FY26 GAAP EPS of $1.69; Record Adjusted EPS of $2.45, Up 7.4% YOY

 
 

 
  
 
 ●

 
 
 In FY26, Sales Increased >$100 Million and 5.5% Organically; GAAP EPS of $8.68; Record Adjusted EPS of $8.74, up 9.6% YOY; Record Adjusted Gross Margin and Adjusted Operating Margin

 
 

 
  
 
 ●

 
 
 In FY27, Expect High Single-Digit to Low Double-Digit Organic Growth; Expect to Launch >20 New Products; Fast Growth Market Sales Expected to Grow ~20%

 
 

 

SALEM, NH – July 30, 2026 – Standex International Corporation (NYSE: SXI) today reported financial results for the fourth quarter of fiscal year 2026 ended June 30, 2026.

 

 
 
 Summary Financial Results - Total

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 ($M except EPS and Dividends)

 
  
 
 4Q26

 
  
  
 
 4Q25

 
  
  
 
 3Q26

 
  
  
 
 Y/Y

 
  
  
 
 Q/Q

 
  
 

 
 
 Net Sales

 
  
 $
 228.3
  
  
 $
 222.0
  
  
 $
 224.6
  
  
  
 2.8
 %
  
  
 1.6
 %
 

 
 
 Operating Income – GAAP

 
  
 $
 37.5
  
  
 $
 34.7
  
  
 $
 90.8
  
  
  
 8.1
 %
  
  
 -58.7
 %
 

 
 
 Operating Income – Adjusted

 
  
 $
 45.4
  
  
 $
 45.8
  
  
 $
 44.2
  
  
  
 -0.8
 %
  
  
 2.6
 %
 

 
 
 Operating Margin % - GAAP

 
  
  
 16.5
 %
  
  
 15.6
 %
  
  
 40.4
 %
  
 
 80 bps

 
  
  
 
 - 2,390 bps

 
  
 

 
 
 Operating Margin % - Adjusted

 
  
  
 19.9
 %
  
  
 20.6
 %
  
  
 19.7
 %
  
 
 - 70 bps

 
  
  
 
 + 20 bps

 
  
 

 
 
 Net Income from Continuing Ops – GAAP

 
  
 $
 23.6
  
  
 $
 15.5
  
  
 $
 68.6
  
  
  
 52.5
 %
  
  
 -65.6
 %
 

 
 
 Net Income from Continuing Ops – Adjusted

 
  
 $
 29.7
  
  
 $
 27.5
  
  
 $
 26.7
  
  
  
 7.8
 %
  
  
 11.2
 %
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 EBITDA

 
  
 $
 48.1
  
  
 $
 45.2
  
  
 $
 99.4
  
  
  
 7.2
 %
  
  
 -51.7
 %
 

 
 
 EBITDA margin

 
  
  
 21.1
 %
  
  
 20.4
 %
  
  
 44.3
 %
  
 
 + 70 bps

 
  
  
 
 - 2,320 bps

 
  
 

 
 
 Adjusted EBITDA

 
  
 $
 51.5
  
  
 $
 51.6
  
  
 $
 48.4
  
  
  
 -5.1
 %
  
  
 6.4
 %
 

 
 
 Adjusted EBITDA margin

 
  
  
 22.6
 %
  
  
 23.2
 %
  
  
 21.6
 %
  
 
 - 60 bps

 
  
  
 
 + 100 bps

 
  
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Diluted EPS – GAAP

 
  
 $
 1.69
  
  
 $
 1.23
  
  
 $
 5.56
  
  
  
 37.7
 %
  
  
 -69.6
 %
 

 
 
 Diluted EPS – Adjusted

 
  
 $
 2.45
  
  
 $
 2.28
  
  
 $
 2.21
  
  
  
 7.4
 %
  
  
 10.9
 %
 

 
 
 Dividends per Share

 
  
 $
 0.34
  
  
 $
 0.32
  
  
 $
 0.34
  
  
  
 6.3
 %
  
  
 0.0
 %
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Free Cash Flow

 
  
 $
 35.0
  
  
 $
 24.9
  
  
 $
 6.3
  
  
  
 40.7
 %
  
  
 454.0
 %
 

 
 
 Net Debt to EBITDA

 
  
 
 1.8x

 
  
  
 
 2.6x

 
  
  
 
 1.9x

 
  
  
  
 -30.8
 %
  
  
 -5.3
 %
 

 

Commenting on the quarter’s results, President and Chief Executive Officer David Dunbar said, “We concluded our fiscal year with a strong performance in the fourth quarter. We delivered 7.7% organic growth with a book to bill of 1.18, led by our Electronics segment which grew 12.9% organically with a book to bill of 1.27. Sales from fast growth markets totaled approximately $72 million in the fiscal fourth quarter and approximately $264 million for the fiscal year. Adjusted earnings per share increased 7.4% to a record $2.45. Our net leverage ratio was reduced to 1.8x.

 

 

 

 

In fiscal year 2026, sales increased by more than $100 million with organic growth of 5.5%. Building on record profitability in fiscal year 2025, we set several new records in fiscal year 2026 with adjusted gross margin of 42.0%, adjusted operating income of $173.3 million, adjusted operating margin of 19.4%, and adjusted earnings per share of $8.74. We remain confident in our long-term operating margin potential as we leverage organic growth, driven by our fast growth end markets and higher sales contribution from new products.

 

On July 2nd, we acquired the remaining 9.9% interest in Narayan for approximately $64 million. The integration of Narayan and Amran continues to progress smoothly, and our internal teams remain fully focused on meeting customer demand now and in the future.”

 

Fiscal First Quarter 2027 Outlook

 

In fiscal first quarter 2027, on a year-on-year basis, the Company expects moderately higher revenue, driven by high single-digit to low double-digit organic growth from higher sales into fast growth end markets and increased new product sales, partially offset by the divestiture of Federal Industries. The Company expects slightly to moderately higher adjusted operating margin as contributions from organic growth and realization of productivity actions are partially offset by growth investments.

 

On a sequential basis, the Company expects slightly higher revenue, driven by increased contributions from fast growth end markets and new product sales, and similar adjusted operating margin.

 

Fiscal Year 2027 Outlook

 

For fiscal year 2027, the Company expects mid-to-high single digit sales growth driven by high-single digit to low-double digit organic growth, partially offset by the impact of the Federal Industries divestiture and unfavorable foreign exchange. The Company expects continued adjusted operating margin expansion.

 

The Company plans to release more than 20 new products, which are expected to contribute approximately 300 bps of incremental growth. Sales from fast growth markets are on track to grow approximately 20% year-on-year to greater than $310 million.

 

Fourth Quarter Segment Operating Performance

 

Electronics (57% of sales; 63% of segment adjusted operating income)

 

 
  
  
 
 4Q26

 
  
  
 
 4Q25

 
  
  
 
 % Change

 
  
 

 
 
 Electronics ($M)

 
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Revenue

 
  
  
 129.1
  
  
  
 115.2
  
  
  
 12.1
 %
 

 
 
 GAAP Operating Income

 
  
  
 31.6
  
  
  
 28.0
  
  
  
 12.9
 %
 

 
 
 GAAP Operating Margin %

 
  
  
 24.5
  
  
  
 24.3
  
  
  
  
  
 

 
 
 Adjusted Operating Income

 
  
  
 35.1
  
  
  
 32.9
  
  
  
 6.7
 %
 

 
 
 Adjusted Operating Margin %

 
  
  
 27.2
  
  
  
 28.5
  
  
  
  
  
 

 

Revenue increased approximately $13.9 million or 12.1% year-on-year, reflecting organic growth of 12.9%, partially offset by a foreign currency impact of 0.8%. Organic growth was driven by higher sales into fast growth markets and increased new product sales. Adjusted operating income increased approximately $2.2 million or 6.7% year-on-year due to higher volume and pricing initiatives, partially offset by growth investments and unfavorable mix from transitory operational issues in the Edge business.

 

The segment had a book-to-bill ratio of approximately 1.27 in the fiscal fourth quarter, with orders of approximately $165 million.

 

In fiscal first quarter 2027, on a sequential basis, the Company expects slightly higher revenue, reflecting higher sales into fast growth end markets and increased new product sales, and moderately higher adjusted operating margin.

 

 

 

 

Aerospace & Defense (17% of sales; 15% of segment adjusted operating income) 

 

 
  
  
 
 4Q26

 
  
  
 
 4Q25

 
  
  
 
 % Change

 
  
 

 
 
 Aerospace & Defense ($M)

 
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Revenue

 
  
  
 37.9
  
  
  
 32.0
  
  
  
 18.3
 %
 

 
 
 GAAP Operating Income

 
  
  
 8.1
  
  
  
 4.3
  
  
  
 88.4
 %
 

 
 
 GAAP Operating Margin %

 
  
  
 21.4
  
  
  
 13.5
  
  
  
  
  
 

 
 
 Adjusted Operating Income

 
  
  
 8.5
  
  
  
 5.9
  
  
  
 44.8
 %
 

 
 
 Adjusted Operating Margin %

 
  
  
 22.5
  
  
  
 18.4
  
  
  
  
  
 

 

Revenue increased approximately $5.9 million or 18.3% year-on-year reflecting organic growth of 18.4% and a foreign currency impact of 0.1%. Organic growth was primarily driven by increased project activity in the defense end market. Adjusted operating income increased approximately $2.6 million or 44.8% year-on-year reflecting higher volume and project mix.

 

In fiscal first quarter 2027, on a sequential basis, the Company expects moderately lower revenue due to less favorable project timing, and moderately lower adjusted operating margin.

 

Scientific (8% of sales; 10% of segment adjusted operating income) 

 

 
  
  
 
 4Q26

 
  
  
 
 4Q25

 
  
  
 
 % Change

 
  
 

 
 
 Scientific ($M)

 
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Revenue

 
  
  
 18.8
  
  
  
 17.9
  
  
  
 5.0
 %
 

 
 
 GAAP Operating Income

 
  
  
 5.2
  
  
  
 4.1
  
  
  
 25.6
 %
 

 
 
 GAAP Operating Margin %

 
  
  
 27.4
  
  
  
 22.9
  
  
  
  
  
 

 
 
 Adjusted Operating Income

 
  
  
 5.4
  
  
  
 4.3
  
  
  
 23.9
 %
 

 
 
 Adjusted Operating Margin %

 
  
  
 28.6
  
  
  
 24.3
  
  
  
  
  
 

 

Revenue increased approximately $0.9 million or 5.0% year-on-year reflecting organic growth of 5.0%. Organic growth was driven by pricing initiatives and a slight market recovery. Adjusted operating income increased approximately $1.1 million or 23.9% year-on-year reflecting higher sales and tariff refunds.

 

In fiscal first quarter 2027, on a sequential basis, the Company expects moderately higher revenue and similar adjusted operating margin.

 

Engraving & Hydraulics (19% of sales; 12% of segment adjusted operating income)

 

 
  
  
 
 4Q26

 
  
  
 
 4Q25

 
  
  
 
 % Change

 
  
 

 
 
 Engraving & Hydraulics ($M)

 
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Revenue

 
  
  
 42.4
  
  
  
 47.0
  
  
  
 -9.7
 %
 

 
 
 GAAP Operating Income

 
  
  
 6.4
  
  
  
 7.0
  
  
  
 -7.9
 %
 

 
 
 GAAP Operating Margin %

 
  
  
 15.2
  
  
  
 14.9
  
  
  
  
  
 

 
 
 Adjusted Operating Income

 
  
  
 6.7
  
  
  
 7.4
  
  
  
 -8.5
 %
 

 
 
 Adjusted Operating Margin %

 
  
  
 15.8
  
  
  
 15.7
  
  
  
  
  
 

 

Revenue decreased approximately $4.6 million or 9.7% year-on-year reflecting an organic decline of 9.6% from general market weakness and a foreign currency impact of 0.1%. Adjusted operating income decreased approximately $0.6 million or 8.5% year-on-year.

 

In fiscal first quarter 2027, on a sequential basis, the Company expects slightly to moderately higher revenue and similar to slightly higher adjusted operating margin.

 

Capital Allocation

 

 
  
 
 ●

 
 
 Interest: In fiscal first quarter 2027, the Company expects interest expense of approximately $7.0 million.

 
 

 

 
  
 
 ●

 
 
 Share Repurchase: During the fiscal fourth quarter of 2026, the Company did not repurchase shares. There was approximately $28 million remaining on the Company’s current share repurchase authorization at the end of the fiscal fourth quarter 2026.

 
 

 

 
  
 
 ●

 
 
 Capital Expenditures: In fiscal fourth quarter 2026, the Company’s capital expenditures were $5.5 million compared to $8.6 million in the fiscal fourth quarter of 2025. Capital expenditures were $28.6 million in fiscal year 2026. The Company expects fiscal year 2027 capital expenditures between $45 million and $55 million. The increase over fiscal year 2026 is primarily due to capacity expansion within Standex Electronics Grid.

 
 

 

 
  
 
 ●

 
 
 Dividend: On July 23, 2026, the Company declared a quarterly cash dividend of $0.34 per share, an approximately 6.3% year-on-year increase. The dividend is payable August 21, 2026, to shareholders of record on August 7, 2026.

 
 

 

Balance Sheet and Cash Flow Highlights

 

 
  
 
 ●

 
 
 Net Debt: Standex had net (cash) debt of $339.2 million on June 30, 2026, compared to $448.0 million at the end of fiscal fourth quarter 2025. Net (cash) debt for the fourth quarter of 2026 consisted primarily of long-term debt of $518.0 million and cash and equivalents of $178.7 million.

 
 

 

 
  
 
 ●

 
 
 Cash Flow: Net cash provided by continuing operating activities for the three months ended June 30, 2026, was $40.5 million compared to $33.4 million in the prior year’s quarter. Free cash flow after capital expenditures was $35.0 million compared to free cash flow after capital expenditures of $24.9 million in the fiscal fourth quarter of 2025. 

 
 

 

 

 

 

Conference Call Details 

 

Standex will host a conference call for investors tomorrow, July 31, 2026, at 8:30 a.m. ET. On the call, David Dunbar, President and CEO, and Ademir Sarcevic, CFO, will review the Company’s financial results and business and operating highlights. Investors interested in listening to the webcast and viewing the slide presentation should log on to the “Investors” section of Standex’s website under the subheading, “Events and Presentations,” located at www.standex.com.

 

A replay of the webcast will also be available on the Company’s website shortly after the conclusion of the presentation online through July 31, 2027. To listen to the teleconference playback, please dial in the U.S. (888) 660-6345 or (646) 517-4150 internationally; the passcode is 98594#. The audio playback via phone will be available through August 7, 2026. The webcast replay can be accessed in the “Investor Relations” section of the Company’s website, located at www.standex.com.

 

Use of Non-GAAP Financial Measures

 

In addition to the financial measures prepared in accordance with generally accepted accounting principles (“GAAP”), the Company uses certain non-GAAP financial measures, including non-GAAP adjusted income from operations, non-GAAP adjusted net income from continuing operations, free operating cash flow, EBITDA (earnings before interest, taxes, depreciation and amortization) adjusted EBITDA, adjusted EBITDA to net debt, and adjusted earnings per share. The attached financial tables reconcile non-GAAP measures used in this press release to the most directly comparable GAAP measures. The Company believes that the use of non-GAAP measures which exclude the impact of restructuring charges, purchase accounting, amortization from acquired intangible assets, insurance recoveries, discrete tax events, gain or loss on sale of a business unit, acquisition costs, and litigation costs help investors to obtain a better understanding of our operating results and prospects, consistent with how management measures and forecasts the Company's performance, especially when comparing such results to previous periods. An understanding of the impact in a particular quarter of specific restructuring costs, acquisition expenses, or other gains and losses, on net income (absolute as well as on a per-share basis), operating income or EBITDA can give management and investors additional insight into core financial performance, especially when compared to quarters in which such items had a greater or lesser effect, or no effect. Non-GAAP measures should be considered in addition to, and not as a replacement for, the corresponding GAAP measures, and may not be comparable to similarly titled measures reported by other companies.

 

 

About Standex

 

Standex International Corporation is a multi-industry manufacturer in four broad business segments: Electronics, Aerospace & Defense, Scientific, and Engraving & Hydraulics with operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China. For additional information, visit the Company's website at https://standex.com/.

 

Forward-Looking Statements

 

Statements contained in this Press Release that are not based on historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terminology such as “should,” “could,” “may,” “will,” “expect,” “believe,” “estimate,” “anticipate,” “intend,” “continue,” or similar terms or variations of those terms or the negative of those terms. There are many factors that affect the Company’s business and the results of its operations and that may cause the actual results of operations in future periods to differ materially from those currently expected or anticipated. These factors include, but are not limited to: the impact of global crises or catastrophic events on employees, our supply chain, and the demand for our products and services around the world; materially adverse or unanticipated legal judgments, fines, penalties or settlements; conditions in the financial and banking markets, including fluctuations in exchange rates and the inability to repatriate foreign cash; domestic and international economic conditions, including the impact, length and degree of economic downturns on the customers and markets we serve and more specifically conditions in the electrical grid, automotive, construction, aerospace, defense, transportation, food service equipment, consumer appliance, energy, oil and gas and general industrial markets; lower-cost competition; the relative mix of products which impact margins and operating efficiencies in certain of our businesses; the impact of higher raw material and component costs, particularly steel, certain materials used in electronics parts, petroleum based products, and refrigeration components; the impact of higher transportation and logistics costs, especially with respect to transportation of goods from Asia; the impact of inflation on the costs of providing our products and services; an inability to realize the expected cost savings from restructuring activities including effective completion of plant consolidations, cost reduction efforts including procurement savings and productivity enhancements, capital management improvements, strategic capital expenditures, and the implementation of lean enterprise manufacturing techniques; the potential for losses associated with the exit from or divestiture of businesses that are no longer strategic or no longer meet our growth and return expectations; the inability to achieve the savings expected from global sourcing of raw materials and diversification efforts in emerging markets; the impact on cost structure and on economic conditions as a result of actual and threatened increases in trade tariffs; the inability to attain expected benefits from acquisitions and the inability to effectively consummate and integrate such acquisitions and achieve synergies envisioned by the Company; increased costs from acquisitions to improve and coordinate managerial, operational, financial, and administrative systems, including internal controls over financial reporting and compliance with the Sarbanes-Oxley Act of 2002, and other costs related to such systems in connection with acquired businesses; market acceptance of our products; our ability to design, introduce and sell new products and related product components; the ability to redesign certain of our products to continue meeting evolving regulatory requirements; the impact of delays initiated by our customers; our ability to increase manufacturing production to meet demand including as a result of labor shortages; the impact on our operations of any successful cybersecurity attacks; and potential changes to future pension funding requirements. For a more comprehensive discussion of these and other factors, see the “Risk Factors” section of the Company’s most recent annual report on Form 10-K filed with the SEC and available on the Company’s website. In addition, any forward-looking statements represent management's estimates only as of the day made and should not be relied upon as representing management's estimates as of any subsequent date. While the Company may elect to update forward-looking statements at some point in the future, the Company and management specifically disclaim any obligation to do so, even if management's estimates change.

 

 

 

Contact: 

Christopher Howe

Director of Investor Relations                           

(773) 754-5394

e-mail: [email protected]

 

 

 

 

Standex International Corporation

Consolidated Statement of Operations

(unaudited)

 

 
  
  
 
 Three Months Ended

 
  
  
 
 Year Ended

 
  
 

 
  
  
 
 June 30,

 
  
  
 
 June 30,

 
  
  
 
 June 30,

 
  
  
 
 June 30,

 
  
 

 
 
 (In thousands, except per share data)

 
  
 
 2026

 
  
  
 
 2025

 
  
  
 
 2026

 
  
  
 
 2025

 
  
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Net sales

 
  
 $
 228,251
  
  
  
 222,049
  
  
 $
 891,597
  
  
 $
 790,107
  
 

 
 
 Cost of sales

 
  
  
 130,816
  
  
  
 130,751
  
  
  
 519,565
  
  
  
 474,859
  
 

 
 
 Gross profit

 
  
  
 97,434
  
  
  
 91,298
  
  
  
 372,032
  
  
  
 315,248
  
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Selling, general and administrative expenses

 
  
  
 52,533
  
  
  
 47,954
  
  
  
 201,597
  
  
  
 178,750
  
 

 
 
 (Gain) loss on sale of business

 
  
  
 (249
 )
  
  
 -
  
  
  
 (57,085
 )
  
  
 -
  
 

 
 
 Restructuring costs

 
  
  
 2,762
  
  
  
 2,920
  
  
  
 12,186
  
  
  
 6,903
  
 

 
 
 Amortization of acquired intangible assets

 
  
  
 4,341
  
  
  
 4,647
  
  
  
 17,691
  
  
  
 14,612
  
 

 
 
 Acquisition related costs

 
  
  
 496
  
  
  
 1,042
  
  
  
 4,059
  
  
  
 21,434
  
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Income from operations

 
  
  
 37,552
  
  
  
 34,734
  
  
  
 193,584
  
  
  
 93,549
  
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Interest expense

 
  
  
 6,558
  
  
  
 9,016
  
  
  
 30,712
  
  
  
 23,931
  
 

 
 
 Other non-operating (income) expense, net

 
  
  
 (1,122
 )
  
  
 (364
 )
  
  
 (68
 )
  
  
 808
  
 

 
 
 Total

 
  
  
 5,436
  
  
  
 8,652
  
  
  
 30,644
  
  
  
 24,739
  
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Income from continuing operations before income taxes

 
  
  
 32,116
  
  
  
 26,082
  
  
  
 162,940
  
  
  
 68,810
  
 

 
 
 Provision for income taxes

 
  
  
 8,515
  
  
  
 10,609
  
  
  
 34,253
  
  
  
 11,084
  
 

 
 
 Net income from continuing operations

 
  
  
 23,601
  
  
  
 15,473
  
  
  
 128,687
  
  
  
 57,726
  
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Income (loss) from discontinued operations, net of tax

 
  
  
 (50
 )
  
  
 13
  
  
  
 (144
 )
  
  
 (42
 )
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Net income

 
  
  
 23,551
  
  
  
 15,486
  
  
  
 128,543
  
  
  
 57,684
  
 

 
 
 Less: net income attributable to redeemable noncontrolling interest

 
  
  
 824
  
  
  
 660
  
  
  
 2,900
  
  
  
 1,924
  
 

 
 
 Less: change of redeemable noncontrolling interest to redemption value

 
  
  
 2,248
  
  
  
 -
  
  
  
 21,011
  
  
  
 -
  
 

 
 
 Net income attributable to Standex International

 
  
 $
 20,479
  
  
 $
 14,826
  
  
 $
 104,633
  
  
 $
 55,760
  
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Basic earnings per share:

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Income (loss) from discontinued operations

 
  
  
 (0.00
 )
  
  
 -
  
  
  
 (0.01
 )
  
  
 -
  
 

 
 
 Total income (loss) attributable to Standex International

 
  
 $
 1.70
  
  
 $
 1.23
  
  
 $
 8.70
  
  
 $
 4.68
  
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Diluted earnings per share:

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Income (loss) from discontinued operations

 
  
  
 (0.00
 )
  
  
 -
  
  
  
 (0.01
 )
  
  
 -
  
 

 
 
 Total income (loss) attributable to Standex International

 
  
 $
 1.69
  
  
 $
 1.23
  
  
 $
 8.68
  
  
 $
 4.64
  
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Average Shares Outstanding

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Basic

 
  
  
 12,053
  
  
  
 11,990
  
  
  
 12,038
  
  
  
 11,926
  
 

 
 
 Diluted

 
  
  
 12,121
  
  
  
 12,076
  
  
  
 12,070
  
  
  
 12,016
  
 

 

 

 

 

Standex International Corporation

Condensed Consolidated Balance Sheets

(unaudited)

 

 
  
  
 
 June 30,

 
  
  
 
 June 30, 

 
  
 

 
 
 (In thousands)

 
  
 
 2026

 
  
  
 
 2025

 
  
 

 
  
  
  
  
  
  
  
  
  
 

 
 
 ASSETS

 
  
  
  
  
  
  
  
  
 

 
 
 Current assets:

 
  
  
  
  
  
  
  
  
 

 
 
 Cash and cash equivalents

 
  
 $
 178,734
  
  
  
 104,542
  
 

 
 
 Accounts receivable, net

 
  
  
 172,896
  
  
  
 172,702
  
 

 
 
 Inventories

 
  
  
 128,960
  
  
  
 129,994
  
 

 
 
 Prepaid expenses and other current assets

 
  
  
 71,165
  
  
  
 73,641
  
 

 
 
 Total current assets

 
  
  
 551,755
  
  
  
 480,879
  
 

 
  
  
  
  
  
  
  
  
  
 

 
 
 Property, plant, equipment, net

 
  
  
 153,024
  
  
  
 160,364
  
 

 
 
 Intangible assets, net

 
  
  
 199,479
  
  
  
 225,757
  
 

 
 
 Goodwill

 
  
  
 581,553
  
  
  
 610,338
  
 

 
 
 Deferred tax asset

 
  
  
 4,409
  
  
  
 11,971
  
 

 
 
 Operating lease right-of-use asset

 
  
  
 45,400
  
  
  
 47,998
  
 

 
 
 Other non-current assets

 
  
  
 50,088
  
  
  
 29,573
  
 

 
 
 Total non-current assets

 
  
  
 1,033,953
  
  
  
 1,086,001
  
 

 
  
  
  
  
  
  
  
  
  
 

 
 
 Total assets

 
  
 $
 1,585,708
  
  
 $
 1,566,880
  
 

 
  
  
  
  
  
  
  
  
  
 

 
 
 LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS' EQUITY

 
  
  
  
  
  
 

 
  
  
  
  
  
  
  
  
  
 

 
 
 Current liabilities:

 
  
  
  
  
  
  
  
  
 

 
 
 Accounts payable

 
  
 $
 80,098
  
  
  
 88,001
  
 

 
 
 Accrued liabilities

 
  
  
 131,999
  
  
  
 63,204
  
 

 
 
 Income taxes payable

 
  
  
 17,419
  
  
  
 15,770
  
 

 
 
 Total current liabilities

 
  
  
 229,516
  
  
  
 166,975
  
 

 
  
  
  
  
  
  
  
  
  
 

 
 
 Long-term debt

 
  
  
 517,950
  
  
  
 552,515
  
 

 
 
 Operating lease long-term liabilities

 
  
  
 35,814
  
  
  
 40,057
  
 

 
 
 Accrued pension and other non-current liabilities

 
  
  
 47,214
  
  
  
 67,743
  
 

 
 
 Total non-current liabilities

 
  
  
 600,978
  
  
  
 660,315
  
 

 
  
  
  
  
  
  
  
  
  
 

 
 
 Redeemable non-controlling interest

 
  
  
 -
  
  
  
 27,913
  
 

 
  
  
  
  
  
  
  
  
  
 

 
 
 Stockholders' equity:

 
  
  
  
  
  
  
  
  
 

 
 
 Common stock

 
  
  
 41,976
  
  
  
 41,976
  
 

 
 
 Additional paid-in capital

 
  
  
 127,621
  
  
  
 136,082
  
 

 
 
 Retained earnings

 
  
  
 1,215,329
  
  
  
 1,126,851
  
 

 
 
 Accumulated other comprehensive loss

 
  
  
 (199,061
 )
  
  
 (164,765
 )
 

 
 
 Treasury shares

 
  
  
 (430,651
 )
  
  
 (428,467
 )
 

 
 
 Total stockholders' equity

 
  
  
 755,214
  
  
  
 711,677
  
 

 
  
  
  
  
  
  
  
  
  
 

 
 
 Total liabilities, redeemable noncontrolling interest and stockholders' equity

 
  
 $
 1,585,708
  
  
 $
 1,566,880
  
 

 

 

 

 

Standex International Corporation and Subsidiaries

Statements of Consolidated Cash Flows

(unaudited)

 

 
  
  
 
 Year Ended

 
  
 

 
  
  
 
 June 30,

 
  
 

 
 
 (In thousands)

 
  
 
 2026

 
  
  
 
 2025

 
  
 

 
  
  
  
  
  
  
  
  
  
 

 
 
 Cash Flows from Operating Activities

 
  
  
  
  
  
  
  
  
 

 
 
 Net income

 
  
 $
 128,543
  
  
  
 57,684
  
 

 
 
 Income (loss) from discontinued operations

 
  
  
 (144
 )
  
  
 (42
 )
 

 
 
 Income from continuing operations

 
  
  
 128,687
  
  
  
 57,726
  
 

 
  
  
  
  
  
  
  
  
  
 

 
 
 Adjustments to reconcile net income to net cash provided by operating activities:

 
  
  
  
  
  
 

 
 
 Depreciation and amortization

 
  
  
 38,653
  
  
  
 35,438
  
 

 
 
 Stock-based compensation

 
  
  
 8,821
  
  
  
 8,691
  
 

 
 
 Non-cash portion of restructuring charge

 
  
  
 1,480
  
  
  
 10
  
 

 
 
 (Gain) loss on sale of business

 
  
  
 (57,085
 )
  
  
 -
  
 

 
 
 Contributions to defined benefit plans

 
  
  
 (6,846
 )
  
  
 (7,796
 )
 

 
 
 Net changes in operating assets and liabilities

 
  
  
 (23,797
 )
  
  
 (24,421
 )
 

 
 
 Net cash provided by operating activities - continuing operations

 
  
  
 89,913
  
  
  
 69,648
  
 

 
 
 Net cash provided by (used in) operating activities - discontinued operations

 
  
  
 (350
 )
  
  
 (52
 )
 

 
 
 Net cash provided by (used in) operating activities

 
  
  
 89,563
  
  
  
 69,596
  
 

 
 
 Cash Flows from Investing Activities

 
  
  
  
  
  
  
  
  
 

 
 
 Capital Expenditures

 
  
  
 (25,199
 )
  
  
 (28,343
 )
 

 
 
 Expenditures for acquisitions, net of cash acquired

 
  
  
 -
  
  
  
 (478,890
 )
 

 
 
 Proceeds from the sale of business

 
  
  
 68,280
  
  
  
 -
  
 

 
 
 Other investing activities

 
  
  
 14
  
  
  
 3,800
  
 

 
 
 Net cash provided by (used in) investing activities

 
  
  
 43,095
  
  
  
 (503,433
 )
 

 
 
 Cash Flows from Financing Activities

 
  
  
  
  
  
  
  
  
 

 
 
 Proceeds from borrowings

 
  
  
 75,000
  
  
  
 792,313
  
 

 
 
 Payments of debt

 
  
  
 (110,000
 )
  
  
 (389,109
 )
 

 
 
 Contingent consideration payment

 
  
  
 (660
 )
  
  
 -
  
 

 
 
 Activity under share-based payment plans

 
  
  
 2,347
  
  
  
 2,226
  
 

 
 
 Purchase of treasury stock and other

 
  
  
 (4,402
 )
  
  
 (9,906
 )
 

 
 
 Distributions to non-controlling interests

 
  
  
 (2,726
 )
  
  
 -
  
 

 
 
 Cash dividends paid

 
  
  
 (16,185
 )
  
  
 (15,033
 )
 

 
 
 Net cash provided by (used in) financing activities

 
  
  
 (56,627
 )
  
  
 380,490
  
 

 
  
  
  
  
  
  
  
  
  
 

 
 
 Effect of exchange rate changes on cash

 
  
  
 (1,839
 )
  
  
 3,686
  
 

 
  
  
  
  
  
  
  
  
  
 

 
 
 Net changes in cash and cash equivalents

 
  
  
 74,192
  
  
  
 (49,661
 )
 

 
 
 Cash and cash equivalents at beginning of year

 
  
  
 104,542
  
  
  
 154,203
  
 

 
 
 Cash and cash equivalents at end of period

 
  
 $
 178,734
  
  
 $
 104,542
  
 

 

 

 

 

Standex International Corporation

Selected Segment Data

(unaudited)

 

 
  
  
 
 Three Months Ended

 
  
  
 
 Year Ended

 
  
 

 
  
  
 
 June 30,

 
  
  
 
 June 30,

 
  
 

 
 
 (In thousands)

 
  
 
 2026

 
  
  
 
 2025

 
  
  
 
 2026

 
  
  
 
 2025

 
  
 

 
 
 Net Sales

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Electronics

 
  
 $
 129,109
  
  
 $
 115,192
  
  
 $
 475,036
  
  
 $
 400,130
  
 

 
 
 Aerospace & Defense

 
  
  
 37,909
  
  
  
 32,040
  
  
  
 135,031
  
  
  
 102,595
  
 

 
 
 Scientific

 
  
  
 18,817
  
  
  
 17,918
  
  
  
 75,748
  
  
  
 72,380
  
 

 
 
 Engraving & Hydraulics

 
  
  
 42,416
  
  
  
 46,982
  
  
  
 182,329
  
  
  
 179,303
  
 

 
 
 Other

 
  
  
 -
  
  
  
 9,917
  
  
  
 23,453
  
  
  
 35,699
  
 

 
 
 Total

 
  
 $
 228,251
  
  
 $
 222,049
  
  
 $
 891,597
  
  
 $
 790,107
  
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Income from operations

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Electronics

 
  
 $
 31,635
  
  
 $
 28,009
  
  
 $
 121,340
  
  
 $
 87,927
  
 

 
 
 Aerospace & Defense

 
  
  
 8,117
  
  
  
 4,308
  
  
  
 21,952
  
  
  
 15,428
  
 

 
 
 Scientific

 
  
  
 5,160
  
  
  
 4,108
  
  
  
 18,035
  
  
  
 17,470
  
 

 
 
 Engraving & Hydraylics

 
  
  
 6,445
  
  
  
 6,995
  
  
  
 27,404
  
  
  
 25,173
  
 

 
 
 Other

 
  
  
 -
  
  
  
 2,101
  
  
  
 4,046
  
  
  
 7,315
  
 

 
 
 Restructuring

 
  
  
 (2,762
 )
  
  
 (2,920
 )
  
  
 (12,186
 )
  
  
 (6,903
 )
 

 
 
 Gain (loss) on sale of business

 
  
  
 249
  
  
  
 -
  
  
  
 57,085
  
  
  
 -
  
 

 
 
 Acquisition related costs

 
  
  
 (496
 )
  
  
 (1,042
 )
  
  
 (4,059
 )
  
  
 (21,434
 )
 

 
 
 Corporate

 
  
  
 (10,796
 )
  
  
 (6,825
 )
  
  
 (40,033
 )
  
  
 (31,427
 )
 

 
 
 Total

 
  
 $
 37,552
  
  
 $
 34,734
  
  
 $
 193,584
  
  
 $
 93,549
  
 

 

 

 

 

Standex International Corporation

Reconciliation of GAAP to Non-GAAP Financial Measures

(unaudited)

 

 
  
  
 
 Three Months Ended

 
  
  
  
  
  
  
 
 Year Ended

 
  
  
  
  
  
 

 
  
  
 
 June 30,

 
  
  
  
  
  
  
 
 June 30,

 
  
  
  
  
  
 

 
 
 (In thousands, except percentages)

 
  
 
 2026

 
  
  
 
 2025

 
  
  
 
 % Change

 
  
  
 
 2026

 
  
  
 
 2025

 
  
  
 
 % Change

 
  
 

 
 
 Adjusted income from operations and adjusted net income from continuing operations:

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Net Sales

 
  
 $
 228,251
  
  
 $
 222,049
  
  
  
 2.8
 %
  
 $
 891,597
  
  
 $
 790,107
  
  
  
 12.8
 %
 

 
 
 Income from operations, as reported

 
  
 $
 37,552
  
  
 $
 34,734
  
  
  
 8.1
 %
  
 $
 193,584
  
  
 $
 93,549
  
  
  
 106.9
 %
 

 
 
 Income from operations margin

 
  
  
 16.5
 %
  
  
 15.6
 %
  
  
  
  
  
  
 21.7
 %
  
  
 11.8
 %
  
  
  
  
 

 
 
 Adjustments:

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Restructuring charges

 
  
  
 2,762
  
  
  
 2,920
  
  
  
  
  
  
  
 12,186
  
  
  
 6,903
  
  
  
  
  
 

 
 
 Acquisition-related costs

 
  
  
 496
  
  
  
 1,042
  
  
  
  
  
  
  
 4,059
  
  
  
 21,434
  
  
  
  
  
 

 
 
 Amortization of acquired intangible assets

 
  
  
 4,341
  
  
  
 4,647
  
  
  
  
  
  
  
 17,691
  
  
  
 14,612
  
  
  
  
  
 

 
 
 Litigation (settlement refund) charge

 
  
  
 450
  
  
  
 -
  
  
  
  
  
  
  
 550
  
  
  
 -
  
  
  
  
  
 

 
 
 (Gain) loss on sale of business

 
  
  
 (249
 )
  
  
 -
  
  
  
  
  
  
  
 (57,085
 )
  
  
 -
  
  
  
  
  
 

 
 
 Purchase accounting expenses

 
  
  
 -
  
  
  
 2,407
  
  
  
  
  
  
  
 2,316
  
  
  
 14,083
  
  
  
  
  
 

 
 
 Adjusted income from operations

 
  
 $
 45,351
  
  
 $
 45,751
  
  
  
 -0.9
 %
  
 $
 173,301
  
  
 $
 150,581
  
  
  
 15.1
 %
 

 
 
 Adjusted income from operations margin

 
  
  
 19.9
 %
  
  
 20.6
 %
  
  
  
  
  
  
 19.4
 %
  
  
 19.1
 %
  
  
  
  
 

 
 
 Interest and other income (expense), net

 
  
  
 (5,436
 )
  
  
 (8,652
 )
  
  
  
  
  
  
 (30,644
 )
  
  
 (24,739
 )
  
  
  
  
 

 
 
 Foreign currency related (gain) loss on acquisition and divestiture activities

 
  
  
 -
  
  
  
 -
  
  
  
  
  
  
  
 -
  
  
  
 554
  
  
  
  
  
 

 
 
 Provision for income taxes

 
  
  
 (8,515
 )
  
  
 (10,609
 )
  
  
  
  
  
  
 (34,253
 )
  
  
 (11,084
 )
  
  
  
  
 

 
 
 Discrete and other tax items

 
  
  
 1,075
  
  
  
 3,502
  
  
  
  
  
  
  
 1,075
  
  
  
 (5,444
 )
  
  
  
  
 

 
 
 Tax impact of above adjustments

 
  
  
 (1,946
 )
  
  
 (1,808
 )
  
  
  
  
  
  
 (1,049
 )
  
  
 (12,113
 )
  
  
  
  
 

 
 
 Net income from continuing operations, as adjusted

 
  
  
 30,530
  
  
  
 28,183
  
  
  
  
  
  
  
 108,431
  
  
  
 97,755
  
  
  
  
  
 

 
 
 Less: net income attributable to redeemable noncontrolling interest

 
  
  
 3,072
  
  
  
 660
  
  
  
  
  
  
  
 23,911
  
  
  
 1,924
  
  
  
  
  
 

 
 
 Add back: change of redeemable noncontrolling interest to redemption value per the acquisition agreement

 
  
  
 (2,248
 )
  
  
 -
  
  
  
  
  
  
  
 (21,011
 )
  
  
 -
  
  
  
  
  
 

 
 
 Net income from continuing operations attributable to Standex, as adjusted

 
  
 $
 29,706
  
  
 $
 27,523
  
  
  
 7.9
 %
  
 $
 105,531
  
  
 $
 95,831
  
  
  
 10.1
 %
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 EBITDA and Adjusted EBITDA:

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Net income (loss) from continuing operations, as reported

 
  
 $
 23,601
  
  
 $
 15,473
  
  
  
 52.5
 %
  
 $
 128,687
  
  
 $
 57,726
  
  
  
  
  
 

 
 
 Net income from continuing operations margin

 
  
  
 10.3
 %
  
  
 7.0
 %
  
  
  
  
  
  
 14.4
 %
  
  
 7.3
 %
  
  
  
  
 

 
 
 Add back:

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Provision for income taxes

 
  
  
 8,515
  
  
  
 10,609
  
  
  
  
  
  
  
 34,253
  
  
  
 11,084
  
  
  
  
  
 

 
 
 Interest expense

 
  
  
 6,558
  
  
  
 9,016
  
  
  
  
  
  
  
 30,712
  
  
  
 23,931
  
  
  
  
  
 

 
 
 Depreciation and amortization

 
  
  
 9,404
  
  
  
 10,128
  
  
  
  
  
  
  
 38,653
  
  
  
 35,438
  
  
  
  
  
 

 
 
 EBITDA

 
  
 $
 48,078
  
  
 $
 45,226
  
  
  
 6.3
 %
  
 $
 232,305
  
  
 $
 128,179
  
  
  
 81.2
 %
 

 
 
 EBITDA Margin

 
  
  
 21.1
 %
  
  
 20.4
 %
  
  
  
  
  
  
 26.1
 %
  
  
 16.2
 %
  
  
  
  
 

 
 
 Adjustments:

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Restructuring charges

 
  
  
 2,762
  
  
  
 2,920
  
  
  
  
  
  
  
 12,186
  
  
  
 6,903
  
  
  
  
  
 

 
 
 Acquisition-related costs

 
  
  
 496
  
  
  
 1,042
  
  
  
  
  
  
  
 4,059
  
  
  
 21,434
  
  
  
  
  
 

 
 
 Litigation (settlement refund) charge

 
  
  
 450
  
  
  
 -
  
  
  
  
  
  
  
 550
  
  
  
 -
  
  
  
  
  
 

 
 
 (Gain) loss on sale of business

 
  
  
 (249
 )
  
  
 -
  
  
  
  
  
  
  
 (57,085
 )
  
  
 -
  
  
  
  
  
 

 
 
 Purchase accounting expenses

 
  
  
 -
  
  
  
 2,407
  
  
  
  
  
  
  
 2,316
  
  
  
 14,083
  
  
  
  
  
 

 
 
 Adjusted EBITDA

 
  
 $
 51,537
  
  
 $
 51,596
  
  
  
 -0.1
 %
  
 $
 194,330
  
  
 $
 170,599
  
  
  
 13.9
 %
 

 
 
 Adjusted EBITDA Margin

 
  
  
 22.6
 %
  
  
 23.2
 %
  
  
  
  
  
  
 21.8
 %
  
  
 21.6
 %
  
  
  
  
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Free operating cash flow:

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Net cash provided by operating activities - continuing operations, as reported

 
  
 $
 40,506
  
  
 $
 33,435
  
  
  
  
  
  
 $
 89,913
  
  
 $
 69,648
  
  
  
  
  
 

 
 
 Less: Capital expenditures

 
  
  
 (5,525
 )
  
  
 (8,581
 )
  
  
  
  
  
  
 (25,199
 )
  
  
 (28,343
 )
  
  
  
  
 

 
 
 Free cash flow from continuing operations

 
  
 $
 34,980
  
  
 $
 24,855
  
  
  
  
  
  
 $
 64,714
  
  
 $
 41,306
  
  
  
  
  
 

 

 

 

 

Standex International Corporation

Reconciliation of GAAP to Non-GAAP Financial Measures

(unaudited)

 

 
  
  
 
 Three Months Ended

 
  
  
  
  
  
  
 
 Year Ended

 
  
  
  
  
  
 

 
 
  

 
  
 
 June 30,

 
  
  
  
  
  
  
 
 June 30,

 
  
  
  
  
  
 

 
 Adjusted earnings per share from continuing operations
  
 
 2026

 
  
  
 
 2025

 
  
  
 
 %
 Change

 
  
  
 
 2026

 
  
  
 
 2025

 
  
  
 
 % Change

 
  
 

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Diluted earnings per share from continuing operations attributable to Standex, as reported

 
  
 $
 1.69
  
  
 $
 1.23
  
  
  
 37.7
 %
  
 $
 8.68
  
  
 $
 4.64
  
  
  
 87.1
 %
 

 
 
 Adjustments:

 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 

 
 
 Restructuring charges

 
  
  
 0.18
  
  
  
 0.20
  
  
  
  
  
  
  
 0.76
  
  
  
 0.45
  
  
  
  
  
 

 
 
 Acquisition-related costs

 
  
  
 0.03
  
  
  
 0.07
  
  
  
  
  
  
  
 0.26
  
  
  
 1.43
  
  
  
  
  
 

 
 
 Amortization of acquired intangible assets

 
  
  
 0.27
  
  
  
 0.32
  
  
  
  
  
  
  
 1.12
  
  
  
 0.94
  
  
  
  
  
 

 
 
 Litigation (settlement refund) charge

 
  
  
 0.03
  
  
  
 -
  
  
  
  
  
  
  
 0.03
  
  
  
 -
  
  
  
  
  
 

 
 
 (Gain) loss on sale of business

 
  
  
 (0.03
 )
  
  
 -
  
  
  
  
  
  
  
 (4.09
 )
  
  
 -
  
  
  
  
  
 

 
 
 Foreign currency related (gain) loss on acquisition and divestiture activities

 
  
  
 -
  
  
  
 -
  
  
  
  
  
  
  
 -
  
  
  
 0.04
  
  
  
  
  
 

 
 
 Discrete tax items

 
  
  
 0.09
  
  
  
 0.29
  
  
  
  
  
  
  
 0.09
  
  
  
 (0.45
 )
  
  
  
  
 

 
 
 Purchase accounting expenses

 
  
  
 -
  
  
  
 0.17
  
  
  
  
  
  
  
 0.15
  
  
  
 0.93
  
  
  
  
  
 

 
 
 Change of redeemable noncontrolling interest to redemption value per the acquisition agreement

 
  
  
 0.19
  
  
  
 -
  
  
  
  
  
  
  
 1.74
  
  
  
 -
  
  
  
  
  
 

 
 
 Diluted earnings per share from continuing operations attributable to Standex, as adjusted

 
  
 $
 2.45
  
  
 $
 2.28
  
  
  
 7.5
 %
  
 $
 8.74
  
  
 $
 7.98
  
  
  
 9.6
 %