STANDEX INTERNATIONAL CORP/DE/
Business
STANDEX INTERNATIONAL CORP/DE/ is a diversified industrial manufacturer that designs, engineers and manufactures custom engineered components, value‑added assemblies and specialty equipment for commercial and industrial customers. It offers sensing and switching technologies, transformers and magnetic power conversion, metal‑formed components, temperature‑controlled laboratory and medical storage equipment, tooling textures, refrigerated merchandising displays and engineered hydraulic cylinders. The company operates five reportable segments: Electronics, Engineering Technologies, Scientific, Engraving and Specialty Solutions (including Federal Industries and Custom Hoists). Products are sold globally to OEMs, Tier‑1 suppliers and end‑users through direct sales, agents and distributors.
Summary from filing dated 2025-08-04
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Net sales | 790 | 721 | 741 | 735 | 656 | |
| Cost of sales | −475 | −439 | −456 | −465 | −415 | |
| Gross profit | 315 | 282 | 285 | 270 | 241 | |
| Selling, general and administrative expenses | 193 | 170 | 172 | 170 | 163 | |
| Restructuring costs | 7 | 8 | 4 | 4 | 3 | |
| (Gain) loss on sale of business | 0 | −274,000 | −62 | 0 | 15 | |
| Acquisition related costs | 21 | 3 | 600,000 | 2 | 931,000 | |
| Other operating (income) expense, net | 0 | 110,000 | −611,000 | 6 | 0 | |
| Income from operations | 94 | 102 | 171 | 88 | 59 | |
| Interest expense | 24 | 5 | 5 | 6 | 6 | |
| Other non-operating (income) expense, net | 808,000 | 2 | 2 | 1 | 473,000 | |
| Income from continuing operations before income taxes | 69 | 95 | 164 | 81 | 53 | |
| Provision for income taxes | −11 | −22 | −25 | −20 | −14 | |
| Income from continuing operations | 58 | 74 | 139 | — | — | |
| Income (loss) from discontinued operations, net of tax | −42,000 | −517,000 | −161,000 | −89,000 | −2 | |
| Net income | 58 | 73 | 139 | — | — | |
| Less: net income attributable to redeemable noncontrolling interest | 2 | 0 | 0 | — | — | |
| Net income attributable to Standex International Corporation | 56 | 73 | 139 | 61 | 36 | |
| Income (loss) from continuing operations (in dollars per share) | 4.68 | 6.26 | 11.78 | 5.13 | 3.17 | |
| Income (loss) from discontinued operations (in dollars per share) | 0 | −0.04 | −0.01 | 0 | −0.17 | |
| Total (in dollars per share) | 4.68 | 6.22 | 11.77 | 5.13 | 3 | |
| Income (loss) from continuing operations (in dollars per share) | 4.64 | 6.18 | 11.59 | 5.07 | 3.14 | |
| Income (loss) from discontinued operations (in dollars per share) | 0 | −0.04 | −0.01 | −0.01 | −0.17 | |
| Total (in dollars per share) | 4.64 | 6.14 | 11.58 | 5.06 | 2.97 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 105 | 154 | 196 | 105 | 136 | |
| Accounts receivable, net | 173 | 121 | 123 | 117 | 110 | |
| Inventories | 130 | 87 | 99 | 105 | 92 | |
| Prepaid expenses and other current assets | 14 | 22 | 34 | 45 | 24 | |
| Contract assets | 59 | 45 | 31 | 25 | — | |
| Total current assets | 481 | 430 | 483 | 379 | 374 | |
| Property, plant and equipment, net | 160 | 135 | 131 | 129 | 133 | |
| Intangible assets, net | 226 | 79 | 76 | 86 | 99 | |
| Goodwill | 610 | 281 | 265 | 268 | 278 | |
| Deferred tax asset | 12 | 17 | 15 | 8 | 10 | |
| Operating lease right-of-use-asset | 48 | 37 | 33 | 39 | 37 | |
| Other non-current assets | 30 | 26 | 22 | 26 | 31 | |
| Total non-current assets | 1,086 | 575 | 542 | 555 | 588 | |
| Total assets | 1,567 | 1,005 | 1,025 | 934 | 962 | |
| Accounts payable | 88 | 63 | 69 | 75 | 75 | |
| Accrued liabilities | 63 | 57 | 62 | 68 | 62 | |
| Income taxes payable | 16 | 8 | 10 | 8 | 7 | |
| Total current liabilities | 167 | 128 | 141 | 151 | 144 | |
| Long-term debt | 553 | 149 | 173 | 175 | 199 | |
| Operating lease long-term liabilities | 40 | 31 | 26 | 31 | 29 | |
| Accrued pension and other non-current liabilities | 68 | 76 | 77 | 78 | 84 | |
| Total non-current liabilities | 660 | 256 | 277 | 284 | 312 | |
| Contingencies (Note 12) | — | — | — | — | — | |
| Redeemable noncontrolling interest | 28 | 0 | — | — | — | |
| Common stock, par value $1.50 per share - 60,000,000 shares authorized, 27,984,278 issued, 11,992,116 and 11,761,700 shares outstanding in 2025 and 2024 | 42 | 42 | 42 | 42 | 42 | |
| Additional paid-in capital | 136 | 106 | 101 | 91 | 81 | |
| Retained earnings | 1,127 | 1,086 | 1,027 | 901 | 852 | |
| Accumulated other comprehensive loss | −165 | −183 | −158 | −153 | −116 | |
| Treasury shares (15,992,162 shares in 2025 and 16,222,578 shares in 2024) | −428 | −430 | −404 | −382 | — | |
| Total stockholders' equity | 712 | 622 | 607 | 499 | 506 | |
| Total liabilities and stockholders' equity | 1,567 | 1,005 | 1,025 | 934 | 962 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Income (loss) from discontinued operations | −42,000 | −517,000 | −161,000 | — | — | |
| Depreciation and amortization | 35 | 28 | 28 | 30 | 33 | |
| Stock-based compensation | 9 | 10 | 12 | 11 | 8 | |
| Gain on sale of real estate and equipment | 102,000 | 0 | −199,000 | −456,000 | 0 | |
| Non-cash portion of restructuring charge | 10,000 | 151,000 | −444,000 | 2 | −489,000 | |
| Deferred income taxes | −10 | −3 | −7 | −2 | 836,000 | |
| Life insurance benefit | −223,000 | 0 | 0 | −193,000 | 0 | |
| Contributions to defined benefit plans | −8 | −10 | −451,000 | −535,000 | −8 | |
| Accounts receivables, net | −14 | 16 | −10 | −12 | −6 | |
| Inventories | −16 | 17 | −912,000 | −18 | −8 | |
| Prepaid expenses and other assets | 20 | 2 | −6 | −9 | −8 | |
| Accounts payable | 14 | −14 | −3 | 6 | 18 | |
| Accrued liabilities, pension and other liabilities | −24 | −22 | −5 | 2 | 5 | |
| Income taxes payable | 5 | −5 | 7 | 8 | −6 | |
| Net cash provided by operating activities from continuing operations | 70 | 93 | 91 | 78 | 82 | |
| Net cash provided by (used for) operating activities from discontinued operations | −52,000 | −690,000 | 33,000 | −421,000 | 2 | |
| Net cash provided by operating activities | 70 | 93 | 91 | 78 | 84 | |
| Expenditures for property, plant and equipment | −28 | −20 | −24 | −24 | −22 | |
| Expenditures for acquisitions, net of cash acquired | −479 | −49 | 0 | −13 | −27 | |
| Expenditures for executive life insurance policies | −132,000 | −270,000 | −278,000 | −248,000 | −243,000 | |
| Proceeds from sale of business | 0 | 8 | 67 | 0 | 12 | |
| Proceeds from sale of real estate and equipment | 438,000 | 0 | 2 | 2 | 117,000 | |
| Proceeds withdrawn from life insurance policies | 3 | 0 | 0 | 5 | 0 | |
| Other investing activity | 0 | 0 | −3 | −721,000 | −1 | |
| Net cash provided by (used for) investing activities from continuing operations | −503 | −62 | 42 | −31 | −39 | |
| Net cash provided by investing activities from discontinued operations | 0 | 0 | 0 | 0 | 0 | |
| Net cash (used for) investing activities | −503 | −62 | 42 | −31 | −39 | |
| Proceeds from borrowings | 792 | 0 | 225 | — | — | |
| Payments of debt | −389 | −25 | −226 | — | — | |
| Contingent consideration payment | 0 | 0 | −1 | −2 | −356,000 | |
| Activity under share-based payment plans | 2 | 2 | 1 | 1 | 1 | |
| Purchase of treasury stock and other | −10 | −32 | −26 | −31 | −21 | |
| Cash dividends paid | −15 | −14 | −13 | −12 | −11 | |
| Net cash provided by (used for) financing activities | 380 | −69 | −40 | −69 | −32 | |
| Effect of exchange rate changes on cash | 4 | −3 | −1 | −9 | 5 | |
| Net change in cash and cash equivalents | −50 | −42 | 91 | −32 | 18 | |
| Interest | 21 | 4 | 4 | 5 | 5 | |
| Income taxes, net of refunds | 28 | 28 | 26 | 18 | 17 |