Last $73.12 USD
Change Today +0.19 / 0.26%
Volume 2.9K
SXI On Other Exchanges
Symbol
Exchange
New York
As of 10:09 AM 10/2/14 All times are local (Market data is delayed by at least 15 minutes).

standex international corp (SXI) Snapshot

Open
$72.70
Previous Close
$72.93
Day High
$74.04
Day Low
$72.47
52 Week High
06/6/14 - $78.49
52 Week Low
02/3/14 - $52.29
Market Cap
933.0M
Average Volume 10 Days
61.1K
EPS TTM
$4.39
Shares Outstanding
12.8M
EX-Date
08/7/14
P/E TM
16.7x
Dividend
$0.40
Dividend Yield
0.55%
Current Stock Chart for STANDEX INTERNATIONAL CORP (SXI)

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standex international corp (SXI) Details

Standex International Corporation manufactures and sells various products and services for diverse commercial and industrial market segments in the United States and internationally. Its Food Service Equipment Group segment offers refrigerated cabinets, cases, display units, coolers and freezers, ranges, ovens, griddles, char broilers, holding cabinets, toasters, cook and hold units, rotisseries, baking equipment, and pump systems to laboratories, health care institutions, and blood banks. The Company’s Engraving Group segment provides mold texturizing, slush molding tools, roll engraving, product tooling, vents, and process machinery, as well as project management and design services for automotive, plastics, building products, synthetic materials, converting, textile and paper, computer, housewares, hygiene product tooling, and aerospace industries. Its Engineering Technologies Group segment provides customized solutions in the fabrication and machining of engineered components for aerospace, aviation, energy, aviation, medical, oil and gas, and general industrial markets. The Company’s Electronics Products Group segment offers electronic components, including switches, relays, sensors, and electronic assemblies; and magnetic components, such as toroid and planar transformers, and other solutions for the automotive, white goods, lighting, HVAC, space, military, medical, security, and general industrial applications. Its Hydraulics Products Group segment offers single-and double-acting telescopic and piston rod hydraulic cylinders used in the production of dump trucks and trailers, refuse vehicles, and other material handling applications; and wet kits comprising pumps, hoses, and fittings. The company sells its products directly, as well as through dealers, industry representatives, manufacturers’ representatives, and distributors. Standex International Corporation was founded in 1955 and is headquartered in Salem, New Hampshire.

4,200 Employees
Last Reported Date: 08/28/14
Founded in 1955

standex international corp (SXI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $957.2K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $361.7K
Chief Legal Officer, Vice President and Secre...
Total Annual Compensation: $321.1K
Vice President of Human Resources
Total Annual Compensation: $243.8K
Group Vice President of Food Service Equipmen...
Total Annual Compensation: $370.2K
Compensation as of Fiscal Year 2014.

standex international corp (SXI) Key Developments

Standex International Corporation Announces Auditor Changes

on August 28, 2014, the Audit Committee of Standex International Corporation authorized the dismissal of Deloitte & Touche LLP as the company's independent registered public accounting firm, effective August 29, 2014. Thus, on August 29, 2014, the company notified D&T of the dismissal decision, effective immediately. Further, on August 28, 2014, the Audit Committee authorized the appointment of Grant Thornton LLP as the company's independent registered public accounting firm.

Standex International Corporation Reports Consolidated Financial Results for the Fourth Quarter and Year Ended June 30, 2014; Provides Earnings Guidance for the Fiscal Year 2015

Standex International Corporation reported consolidated financial results for the fourth quarter and year ended June 30, 2014. For the quarter, the company’s net sales increased 12.2% to $197.3 million from $175.8 million in the fourth quarter of fiscal 2013. Income from operations was $19.2 million, compared with $17.7 million in the fourth quarter of fiscal 2013. Operating income included, pre-tax, $4.2 million of restructuring charges, a $1.5 million gain associated with insurance proceeds received during the quarter, and a total of $0.4 million of non-recurring management transition expenses and acquisition-related costs. Net income from continuing operations was $13.6 million, or $1.07 per diluted share against net income from continuing operations of $12.4 million, or $0.97 per diluted share a year ago. Non-GAAP net income from continuing operations was $15.7 million, or $1.24 per diluted share, compared with $12.6 million, or $0.99 per diluted share in the fourth quarter of fiscal 2013. EBITDA was $23.0 million, compared with $21.5 million in the fourth quarter of fiscal 2013. Income from continuing operations before income taxes was $18.885 million against $17.042 million a year ago. Net income was $10.047 million or $0.79 per diluted share against $12.496 million or $0.98 per diluted share a year ago. Adjusted income from operations was $22.352 million against $18.062 million a year ago. Adjusted EBITDA was $26.118 million against $21.856 million a year ago. Net cash provided by operating activities - continuing operations was $36.913 million against $43.409 million a year ago. Capital expenditures was $3.135 million against $1.745 million a year ago. For the year, the company reported net sales of $716.180 million against $673.390 million a year ago. Income from operations was $65.868 million against $61.895 million a year ago. Income from continuing operations before income taxes was $67.803 million against $59.298 million a year ago. Net income from continuing operations was $49.749 million or $3.89 per diluted share against $44.054 million or $3.45 per diluted share a year ago. Net income was $42.866 million or $3.35 per diluted share against $44.848 million or $3.51 per diluted share a year ago. Net cash provided by operating activities was $70.299 million against $60.181 million a year ago. Expenditures for property, plant and equipment was $18.832 million against $14.104 million a year ago. Adjusted income from operations was $76.461 million against $66.641 million a year ago. Net income from continuing operations, as adjusted was $53.965 million or $4.22 per diluted share against $46.044 million or $3.60 per diluted share a year ago. EBITDA was $84.643 million against $77.002 million a year ago. Adjusted EBITDA was $91.883 million against $81.748 million a year ago. Net cash provided by operating activities - continuing operations was $71.992 million against $64.205 million a year ago. The company is optimistic about fiscal 2015 as end market conditions are healthy. Capital spend will be in the range of $24 million to $26 million, up from $18.8 million in fiscal 2014.

Standex Seeks Acquisitions

Standex International Corporation (NYSE:SXI) is seeking acquisitions. Tom Debyle, Chief Financial Officer of Standex, said, "Our strong balance sheet is well-positioned to meet our needs. We continue to have ample financial flexibility to fund growth, acquisitions and strategic initiatives."

 

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Industry Analysis

SXI

Industry Average

Valuation SXI Industry Range
Price/Earnings 19.0x
Price/Sales 1.3x
Price/Book 2.8x
Price/Cash Flow 22.1x
TEV/Sales 1.2x
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