Last $56.03 USD
Change Today +0.49 / 0.88%
Volume 55.9K
As of 8:04 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

standex international corp (SXI) Snapshot

Open
$55.56
Previous Close
$55.54
Day High
$56.94
Day Low
$55.12
52 Week High
12/26/13 - $64.90
52 Week Low
04/17/13 - $49.18
Market Cap
715.1M
Average Volume 10 Days
71.0K
EPS TTM
$3.67
Shares Outstanding
12.8M
EX-Date
02/7/14
P/E TM
15.3x
Dividend
$0.40
Dividend Yield
0.64%
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 market segments in the United States and internationally. It operates through five segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics Products, and Hydraulics Products. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, coolers and freezers, ranges, ovens, griddles, char broilers, buffet tables and cabinets, fryers, baking equipment, and rotary vane pumps to laboratories, health care institutions, and blood banks. The Engraving segment provides mold texturizing, roll engraving, and process machinery for automotive, plastics, building products, textile and paper, computer, housewares, and construction industries. The Engineering Technologies segment provides customized solutions in the fabrication and machining of engineered components for aerospace, energy, defense, aviation, medical, marine, oil and gas, and general industrial markets. The Electronics Products segment offers electronic components, including switches, electrical connectors, sensors, toroids and relays, inductors and electronic assemblies, fluid sensors, tunable inductors, transformers, and magnetic components for use in automotive, white goods, lighting, HVAC, aerospace, military, medical, security, and general industrial applications. The Hydraulics Products segment offers single-and double-acting telescopic and piston rod hydraulic cylinders used in the production of dump trucks and trailers related to refuse and other material handling applications. It serves OEMs manufacturing dump trucks, trash collection vehicles, lift trucks, and other mobile units requiring hydraulic power. The company sells its products directly, as well as through dealer buying groups, industry representatives, and distributors. Standex International Corporation was founded in 1955 and is headquartered in Salem, New Hampshire.

4,400 Employees
Last Reported Date: 02/3/14
Founded in 1955

standex international corp (SXI) Top Compensated Officers

Chief Financial Officer, Vice President and T...
Total Annual Compensation: $350.8K
Chief Legal Officer, Vice President and Secre...
Total Annual Compensation: $313.3K
Vice President of Human Resources
Total Annual Compensation: $261.7K
Group Vice President of Food Service Equipmen...
Total Annual Compensation: $361.2K
Compensation as of Fiscal Year 2013.

standex international corp (SXI) Key Developments

Standex International Corporation Provides Capital Spending Guidance for the Fiscal Year 2014

Standex International Corporation announced that as a result of the unplanned replacement of the vertical machining center, the company is increasing estimated capital spending for the fiscal year 2014 to be in the range of $23 million to $24 million.

Standex International Corporation Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2013

Standex International Corporation reported consolidated earnings results for the second quarter and six months ended December 31. 2013. For the quarter, the company reported net sales of $172.243 million against $168.629 million a year ago. Income from operations was $15.274 million against $16.268 million a year ago. Income from continuing operations before income taxes was $14.748 million against $15.859 million a year ago. Net income from continuing operations was $10.643 million or $0.83 per diluted share against $11.026 million or $0.86 per diluted share a year ago. Net income was $10.517 million or $0.82 per diluted share against $10.961 million or $0.86 per diluted share a year ago. Adjusted income from operations was $16.039 million against $17.337 million a year ago. EBITDA was $19.120 million against $20.370 million a year ago. Adjusted EBITDA was $19.885 million against $21.439 million a year ago. Adjusted diluted earnings per share were $0.88 against $0.92 a year ago. The company generated free cash flow from continuing operations of $15.2 million during the quarter as the company successfully resumed converting net income into cash flows from operations. Capital spending was $3.7 million against $4.818 million a year ago. Non-GAAP net income from continuing operations was $11.2 million or $0.88 per diluted share compared with $11.7 million or $0.92 per diluted share in the second quarter of fiscal 2013. For the six months, the company reported net sales of $355.816 million against $352.015 million a year ago. Income from operations was $29.159 million against $33.894 million a year ago. Income from continuing operations before income taxes was $28.527 million against $32.798 million a year ago. Net income from continuing operations was $20.756 million or $1.63 per diluted share against $22.951 million or $1.79 per diluted share a year ago. Net income was $19.599 million or $1.54 per diluted share against $22.791 million or $1.78 per diluted share a year ago. Net cash provided by operating activities was $17.402 million against $23.238 million a year ago. Expenditures for property, plant and equipment was $7.963 million against $9.723 million a year ago. Adjusted income from operations was $33.866 million against $36.663 million a year ago. EBITDA was $37.229 million against $41.789 million a year ago. Adjusted EBITDA was $41.936 million against $44.558 million a year ago. Adjusted diluted earnings per share were $1.90 against $1.93 a year ago. Free cash flow from continuing operations was $12.2 million versus prior year of $18.2 million. Non-GAAP net income from continuing operations was $24.267 million or $1.90 per diluted share compared with $24.837 million or $1.93 per diluted share in the second quarter of fiscal 2013.

Standex Eyes Acquisitions

Standex International Corporation (NYSE:SXI) intends to make acquisitions. Roger Fix, Chairman of the company said: “We closed the quarter with a net cash position of $2 million and our balance sheet is well-positioned for future investments in organic growth, as well as acquisitions.” He added: “The trends elsewhere in our business look to be increasingly favorable for future organic growth. We are introducing a range of new products to leverage these end-market opportunities. In light of our strong balance sheet and liquidity, we also remain focused on pursuing acquisitions that will strengthen our base business. We believe that Standex is well positioned to leverage future sales growth into stronger profitability.”

 

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Industry Analysis

SXI

Industry Average

Valuation SXI Industry Range
Price/Earnings 16.4x
Price/Sales 1.0x
Price/Book 2.2x
Price/Cash Flow 17.0x
TEV/Sales 0.9x
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