olivLaw · US equity research
Standex International Corporation SXI
Refrigeration & Service Industry Machinery · SIC 3580 · Vertical: Refrigeration & Service Industry Machinery (SIC 3580)
Standex International is a diversified industrial manufacturer with four segments: Electronics, Aerospace and Defense, Scientific, and Engraving & Hydraulics. Net sales in fiscal 2026 reached 891.6 million USD, and the company expects mid-to-high single-digit sales growth in fiscal 2027, supported by fast growth markets in grid, defense and life sciences.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Standex International Corporation (SXI) stock was 251.42 USD (−2.98% on the day), with market capitalisation 3.0 bn USD, P/E 26.8 on diluted EPS of 9.39 USD over the last 12 months, dividend yield 0.54%, beta 1.36, 52-week range 217.28–357.67 USD. Latest reported quarter (Q1 2027): revenue of 232.6 m USD (+7.0% YoY), net income of 24.2 m USD (+60.5% YoY), diluted EPS 1.98 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 43.0
- weak (30–45)
- Bollinger (20, 2)
- 230.17 – 289.89
- in the lower half of the band · %B 0.36 · band width 23.0%
- SMA 50 / 200
- 270.48 / 277.65
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -7.68 / -8.12
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −13.1% | −1.1% | −12.0 pp | — |
| 3 months | −23.0% | −0.5% | −22.5 pp | — |
| 6 months | −6.6% | +4.4% | −11.0 pp | — |
| Year to date | +15.7% | +12.3% | +3.4 pp | — |
| 1 year | +9.8% | +13.5% | −3.8 pp | −0.4% |
| 3 years | +85.6% | +76.4% | +9.2 pp | +25.6% |
| 5 years | +112.7% | +63.7% | +49.0 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q1 2027 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 189.8 m | 207.8 m | 222.0 m | 217.4 m | 221.3 m | 224.6 m | 228.3 m | 232.6 m |
| Cost of revenue | 118.4 m | 125.4 m | 130.8 m | 127.0 m | 129.1 m | 132.7 m | 130.8 m | 129.4 m |
| Gross profit | 71.4 m | 82.4 m | 91.3 m | 90.4 m | 92.2 m | 91.9 m | 97.4 m | 103.2 m |
| Research & development | — | 5.4 m | 5.6 m | 6.2 m | — | 5.6 m | 6.1 m | 6.6 m |
| SG&A | 45.7 m | 52.0 m | 52.6 m | 54.4 m | 55.6 m | 52.4 m | 56.9 m | 60.5 m |
| Operating income | 8.5 m | 26.3 m | 34.7 m | 29.6 m | 35.6 m | 90.8 m | 37.6 m | 40.4 m |
| Depreciation & amortisation | 8.5 m | 9.7 m | 10.1 m | 9.8 m | 10.0 m | 9.4 m | 9.4 m | 9.5 m |
| Interest expense | 5.6 m | 8.4 m | 9.0 m | 8.9 m | 7.9 m | 7.3 m | 6.6 m | 7.2 m |
| Pre-tax income | 2.0 m | 17.6 m | 26.1 m | 21.0 m | 27.2 m | 82.7 m | 32.1 m | 32.2 m |
| Income tax | 710.0 k | -5.2 m | 10.6 m | 5.2 m | 6.5 m | 14.0 m | 8.5 m | 7.9 m |
| Net income | 857.0 k | 21.9 m | 14.8 m | 15.1 m | 2.1 m | 67.0 m | 20.5 m | 24.2 m |
| Diluted EPS | 0.07 | 1.81 | 1.23 ≈ | 1.25 | 0.17 | 5.55 | 1.69 ≈ | 1.98 |
| Operating cash flow | 9.1 m ≈ | 9.5 m ≈ | 33.4 m | 16.8 m | 20.6 m ≈ | 11.7 m ≈ | 40.4 m | 15.6 m |
| Capex | 7.0 m ≈ | 6.1 m ≈ | 8.6 m | 6.4 m | 7.7 m ≈ | 5.6 m ≈ | 5.5 m | 6.6 m |
| Dividends paid | 3.8 m ≈ | 3.8 m ≈ | 3.8 m | 3.8 m | 4.1 m ≈ | 4.2 m ≈ | 4.1 m | 4.0 m |
| Share repurchases | 5.2 m ≈ | 0 ≈ | 324.0 k | 3.7 m | 56.0 k ≈ | 2.0 k ≈ | 602.0 k | 4.3 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 43 percentile of its own 40-quarter history (min 11.0, median 29.1, max 57.0; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 639.9 m | 604.5 m | 656.2 m | 735.3 m | 741.0 m | 720.6 m | 790.1 m | 891.6 m |
| Revenue YoY | +7.5% | −5.5% | +8.6% | +12.1% | +0.8% | −2.8% | +9.6% | +12.8% |
| Net income | 67.9 m | 20.2 m | 36.5 m | 61.4 m | 139.0 m | 73.1 m | 55.8 m | 104.6 m |
| Net income YoY | +85.5% | −70.3% | +80.7% | +68.3% | +126.4% | −47.4% | −23.7% | +87.6% |
| Diluted EPS | 5.38 | 1.63 | 2.97 | 5.06 | 11.58 | 6.14 | 4.64 | 8.67 |
| Diluted EPS YoY | +88.1% | −69.7% | +82.2% | +70.4% | +128.9% | −47.0% | −24.4% | +86.9% |
| net % | 10.6% | 3.3% | 5.6% | 8.3% | 18.8% | 10.1% | 7.1% | 11.7% |
| Free cash flow | 40.8 m | 25.7 m | 61.8 m | 53.8 m | 66.5 m | 72.4 m | 41.3 m | 64.4 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 30 Jun 2026
- Cash
- 178.7 m USD
- Financial debt
- 518.0 m USD
- Net debt
- 339.2 m USD
- Equity
- 755.2 m USD
- Total assets
- 1.6 bn USD
- Debt / equity
- 0.69x
- Current ratio
- 2.40x
- ROE
- 14.3%
- ROA
- 6.6%
- FCF margin
- 7.2%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 656.2 m | 735.3 m | 741.0 m | 720.6 m | 790.1 m | 891.6 m | SEC (XBRL)· 14 Aug 2026verified |
| Cost of revenue | 415.0 m | 465.4 m | 456.0 m | 438.6 m | 474.9 m | 519.6 m | SEC (XBRL)· 14 Aug 2026verified |
| Gross profit | 241.3 m | 269.9 m | 285.1 m | 282.0 m | 315.2 m | 372.0 m | SEC (XBRL)· 14 Aug 2026verified |
| Research & development | — | — | — | 20.5 m | 21.2 m | 24.2 m | SEC (XBRL)· 14 Aug 2026verified |
| SG&A | 163.1 m | 169.9 m | 172.3 m | 169.6 m | 193.4 m | 219.3 m | SEC (XBRL)· 14 Aug 2026verified |
| Operating income | 59.2 m | 88.3 m | 171.1 m | 101.7 m | 93.5 m | 193.6 m | SEC (XBRL)· 14 Aug 2026verified |
| Depreciation & amortisation | 33.2 m | 29.7 m | 28.5 m | 28.1 m | 35.4 m | 38.7 m | SEC (XBRL)· 14 Aug 2026verified |
| EBITDA | 92.4 m ≈ | 118.0 m ≈ | 199.6 m ≈ | 129.9 m ≈ | 129.0 m ≈ | 232.2 m ≈ | SEC (XBRL)· 14 Aug 2026derived |
| Interest expense | 6.0 m | 5.9 m | 5.4 m | 4.5 m | 23.9 m | 30.7 m | SEC (XBRL)· 14 Aug 2026verified |
| Pre-tax income | 52.7 m | 81.3 m | 163.9 m | 95.1 m | 68.8 m | 162.9 m | SEC (XBRL)· 14 Aug 2026verified |
| Income tax | 14.2 m | 19.8 m | 24.8 m | 21.5 m | 11.1 m | 34.3 m | SEC (XBRL)· 14 Aug 2026verified |
| Net income | 36.5 m | 61.4 m | 139.0 m | 73.1 m | 55.8 m | 104.6 m | SEC (XBRL)· 14 Aug 2026verified |
| Diluted EPS | 2.97 | 5.06 | 11.58 | 6.14 | 4.64 | 8.67 | SEC (XBRL)· 14 Aug 2026verified |
| Weighted average diluted shares | 12.3 m | 12.1 m | 12.0 m | 11.9 m | 12.0 m | 12.1 m | SEC (XBRL)· 14 Aug 2026verified |
| Dividend per share | 0.94 | 1.02 | 1.10 | 1.18 | 0.94 | 1.34 | SEC (XBRL)· 14 Aug 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 136.4 m | 104.8 m | 195.7 m | 154.2 m | 104.5 m | 178.7 m | SEC (XBRL)· 14 Aug 2026verified |
| Receivables | 109.9 m | 117.1 m | 123.4 m | 121.4 m | 172.7 m | 172.9 m | SEC (XBRL)· 14 Aug 2026verified |
| Inventories | 91.9 m | 105.3 m | 98.5 m | 87.1 m | 130.0 m | 129.0 m | SEC (XBRL)· 14 Aug 2026verified |
| Current assets | 374.4 m | 379.0 m | 483.3 m | 430.1 m | 480.9 m | 551.8 m | SEC (XBRL)· 14 Aug 2026verified |
| Property, plant & equipment, net | 133.4 m | 128.6 m | 130.9 m | 135.0 m | 160.4 m | 153.0 m | SEC (XBRL)· 14 Aug 2026verified |
| Goodwill | 278.1 m | 267.9 m | 264.8 m | 281.3 m | 610.3 m | 581.6 m | SEC (XBRL)· 14 Aug 2026verified |
| Intangibles (excl. goodwill) | 98.9 m | 85.8 m | 75.7 m | 78.7 m | 225.8 m | 199.5 m | SEC (XBRL)· 14 Aug 2026verified |
| Total assets | 962.2 m | 934.4 m | 1.0 bn | 1.0 bn | 1.6 bn | 1.6 bn | SEC (XBRL)· 14 Aug 2026verified |
| Accounts payable | 74.8 m | 74.5 m | 68.6 m | 63.4 m | 88.0 m | 80.1 m | SEC (XBRL)· 14 Aug 2026verified |
| Long-term debt | 199.5 m | 174.8 m | 173.4 m | 148.9 m | 552.5 m | 518.0 m | SEC (XBRL)· 14 Aug 2026verified |
| Current liabilities | 143.7 m | 150.8 m | 141.0 m | 127.6 m | 167.0 m | 229.5 m | SEC (XBRL)· 14 Aug 2026verified |
| Equity | 506.4 m | 499.3 m | 607.4 m | 621.5 m | 711.7 m † | 755.2 m † | SEC (XBRL)· 14 Aug 2026verified |
| Shares outstanding at year end | — | — | — | 11.9 m | — | — | SEC (XBRL)· 29 Dec 2025verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 83.6 m | 77.7 m | 90.8 m | 92.7 m | 69.6 m | 89.6 m | SEC (XBRL)· 14 Aug 2026verified |
| Capex | 21.8 m | 23.9 m | 24.3 m | 20.3 m | 28.3 m | 25.2 m | SEC (XBRL)· 14 Aug 2026verified |
| Free cash flow | 61.8 m ≈ | 53.8 m ≈ | 66.5 m ≈ | 72.4 m ≈ | 41.3 m ≈ | 64.4 m ≈ | SEC (XBRL)· 14 Aug 2026derived |
| Investing cash flow | -39.1 m | -31.0 m | 41.6 m | -61.6 m | -503.4 m | 43.1 m | SEC (XBRL)· 14 Aug 2026verified |
| Financing cash flow | -31.7 m | -69.4 m | -40.0 m | -69.2 m | 380.5 m | -56.6 m | SEC (XBRL)· 14 Aug 2026verified |
| Dividends paid | 11.4 m | 12.2 m | 13.0 m | 13.9 m | 15.0 m | 16.2 m | SEC (XBRL)· 14 Aug 2026verified |
| Share repurchases | 21.2 m | 31.4 m | 25.5 m | 31.8 m | 9.9 m | 4.4 m | SEC (XBRL)· 14 Aug 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 47 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 3.0 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation15
- Balance sheet79
- Quality73
- Growth26
- Returns46
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 72.42 – 375.58 USD.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)72.42 – 135.33 (Mid 96.23)WACC 8.6% · starting FCFF 85.8 m USD · terminal value share of EV 75%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: no growth between −30% and +40% justifies the price
- Peers: EV/EBITDAunavailable · not enough peers
- Peers: P/E220.57 – 375.58 (Mid 236.02)3 companies used · median multiple 25.1x · quartiles 23.5x – 40.0xALH, HAYW, TNC
- Dividend discount (DDM)outside the aggregate17.61 – 23.68 (Mid 20.20)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 47/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 13.8% | 91 (on a fixed band) | 10% |
| Net margin · Quality | 12.5% | 80 (vs peers) | 6% |
| FCF conversion · Quality | 55.4% | 36 (on a fixed band) | 6% |
| Revenue CAGR 3Y · Growth | 6.4% | 53 (on a fixed band) | 8% |
| EPS CAGR 3Y · Growth | -9.2% | 0 (on a fixed band) | 8% |
| Net debt / EBITDA · Balance sheet | 1.7x | 67 (on a fixed band) | 10% |
| Interest coverage · Balance sheet | 7.0x | 85 (on a fixed band) | 6% |
| Current ratio · Balance sheet | 3.2x | 100 (on a fixed band) | 4% |
| P/E (TTM) · Valuation | 26.8x | 15 (on a fixed band) | 10% |
| EV/EBITDA · Valuation | 14.2x | 7 (on a fixed band) | 10% |
| FCF yield · Valuation | 2.1% | 26 (on a fixed band) | 8% |
| Shareholder yield (distributions) · Returns | 0.7% | 10 (on a fixed band) | 6% |
| Payout ratio (FCF) · Returns | 26.0% | 100 (on a fixed band) | 4% |
Score groups
- Balance sheet79/100 · 3/3 factors with a value
- Growth26/100 · 2/2 factors with a value
- Quality73/100 · 3/3 factors with a value
- Returns46/100 · 2/2 factors with a value
- Valuation15/100 · 3/3 factors with a value
Memo
STANDEX INTERNATIONAL CORP/DE/ (SXI). Latest full fiscal year: 2026; data up to 2026-09-30.
Figures computed from the financial statements: revenue 891.6 m USD in 2026; YoY growth 12.8%; net margin 12.5%; ROE 15.3%; net debt/EBITDA 1.7x.
The estimated value range is 146.49–255.45 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 166.12 USD, the price of 251.42 USD leaves a potential of -33.9% (value / price − 1) and a margin of safety of -51.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 47/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 13.8%
- Net margin: 12.5%
- Interest coverage: 7.0x
- Current ratio: 3.2x
- Payout ratio (FCF): 26.0%
What contradicts it
- EPS CAGR 3Y: -9.2%
- P/E (TTM): 26.8x
- EV/EBITDA: 14.2x
- FCF yield: 2.1%
- Shareholder yield (distributions): 0.7%
- The valuation methods diverge
Versus the vertical median
Refrigeration & Service Industry Machinery (SIC 3580) · same industry (4-digit SIC) · compared with 5 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| MIDDThe Middleby Corporation | 5.8 bn | — | -16.2% | -13.9% | unavailable | +34% / +26% |
| ALHAlliance Laundry Holdings Inc. | 4.6 bn | 25.1 | 109.8% | 10.1% | +13.3% | −3% / unavailable |
| HAYWHayward Holdings, Inc. | 3.5 bn | 21.8 | 10.9% | 14.4% | +6.7% | +3% / +44% |
| SXIStandex International Corp | 3.0 bn | 26.8 | 15.3% | 12.5% | +12.8% | +10% / +86% |
| TNCTennant Co | 1.2 bn | 54.9 | 3.9% | 1.9% | −6.5% | −0% / −15% |
| LBGJLi Bang International Corporation Inc. | 34.5 m | — | -16.6% | -9.1% | +2.9% | −100% / unavailable |
1- and 3-year price returns: for SXI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 151.51 Total return -39% · Per year -39% | 267.63 Total return 7% · Per year 7% | 402.81 Total return 61% · Per year 61% |
| 3 years | 152.59 Total return -38% · Per year -15% | 302.75 Total return 22% · Per year 7% | 499.51 Total return 101% · Per year 26% |
| 5 years | 153.68 Total return -37% · Per year -9% | 342.48 Total return 39% · Per year 7% | 619.44 Total return 151% · Per year 20% |
- Exit P/E± 75.69
- Net margin± 52.98
- Annual revenue growth± 42.73
- Annual dilution± 4.45
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 14 Aug 2026; since then the company filed 8-K (30 Oct 2026 · results), 10-Q (30 Oct 2026).
In brief
Standex International is a diversified industrial manufacturer with four segments: Electronics, Aerospace and Defense, Scientific, and Engraving & Hydraulics. Net sales in fiscal 2026 reached 891.6 million USD, and the company expects mid-to-high single-digit sales growth in fiscal 2027, supported by fast growth markets in grid, defense and life sciences.
SWOT
Strengths
- A diversified industrial portfolio with leading positions in several niches and a clear Customer Intimacy strategy.
- Rising margins and adjusted profit in fiscal 2026, with lower leverage than in earlier years.
- Cash generation that has funded investment, acquisitions and dividends over many years.
Weaknesses
- Dependence on cyclical markets such as automotive and construction equipment makes revenue sensitive to economic slowdowns.
- Exposure to raw material and metal costs could weigh on margins if prices rise quickly.
- Business breadth and integration of recent acquisitions can create operational difficulties and unexpected costs.
Opportunities
- Demand growth in grid networks, defense and space could support sales in the most dynamic segments.
- A large pipeline of new product launches in fiscal 2027 could add further growth.
- Strategic acquisitions and divestitures of non-core businesses could improve scale and portfolio returns.
Threats
- Tariffs on components from China and India could reduce margins and affect investments in those countries.
- Conflict in the Middle East could disrupt transport and raise energy costs.
- Competitive pressure and loss of customers to lower-cost suppliers could limit price increases.
Risks
- Trade tariffshigh
Tariffs on imports from China and India could reduce sales and profits, and their long-term persistence could impair the value of local investments.
- Recession and inflationhigh
An economic downturn could reduce demand in cyclical markets and raise the risk of uncollectible receivables and unsaleable inventory.
- Geopolitics and energymedium
Tensions in the Middle East could disrupt shipping routes and raise energy and freight costs.
- Acquisition integrationmedium
Recent acquisitions might not meet their strategic objectives or synergies, and goodwill impairment could affect results.
- Credit facility covenantslow
Compliance with credit facility covenants depends on future performance, and a breach could restrict access to financing.
Investment thesis
What would need to be true (bull case)
- If organic growth stays at a mid-to-high level and product launches materialize, the company could keep expanding margins and adjusted profit.
- Positions in fast growth markets such as grid networks and defense could support long-term growth.
- A balance sheet with low leverage and strong cash generation could provide flexibility for acquisitions and shareholder returns.
What would break the thesis
- If tariffs and trade tensions worsen, margins could come under pressure and investments in China and India could be affected.
- Cyclical segments such as Engraving & Hydraulics could continue to decline if automotive demand stays weak.
- Integration of acquisitions and new product lines could prove harder than expected, delaying the benefits.
What to watch
- Organic sales growth guidance for fiscal 20272027
- Sales into fast growth markets against targetQ1 2027
- Effect of tariffs on margins and on imports from China and Indianext 10-K
- Launch of new products and their contribution to growth2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 14 Aug 2026; since then the company filed 8-K (30 Oct 2026 · results), 10-Q (30 Oct 2026).
The business
Standex International Corporation, headquartered in Salem, New Hampshire, is a diversified industrial manufacturer supplying customized products and engineered components to commercial and industrial markets. Its approach, which it calls 'Customer Intimacy', has teams working as extensions of customer organizations to develop specific solutions. Growth is pursued through fast growth markets, new products, geographic expansion and strategic acquisitions, while non-core businesses are divested. Net sales in fiscal 2026 were 891.6 million USD, compared with 790.1 million USD a year earlier 1. The company had about 4,100 employees on June 30, 2026 1.
In fiscal 2026 the company completed the divestiture of Federal Industries, combined Hydraulics with Engraving into one segment, and renamed Engineering Technologies as Aerospace & Defense 1. Recent acquisitions including McStarlite, Narayan and Amran expanded its presence in grid electrification and India 1. Gross margin rose to 41.7% in fiscal 2026 from 39.9% a year earlier 1.
Headquarters oversees strategy, development and financial control, and cash generated from operations funds investments, acquisitions, dividends and share buybacks 1. The company has paid dividends each quarter since becoming public in 1964 1.
Segments
Market context
The company focuses investment on long-term growth markets such as power grid, defense, commercial space, life sciences, renewable energy and electric vehicles 1. Sales into fast growth markets were about 264 million USD in fiscal 2026 and are expected to grow roughly 20% 2. Operations in 37 locations outside the United States expose the company to currency and trade policy effects 1.
Demand in automotive and general industrial markets remains sensitive to economic cycles, and market weakness reduced organic sales in Engraving & Hydraulics in the fourth quarter 12.
Trends
- Growth in grid and power marketstailwind
The Amran and Narayan acquisitions expanded the presence in grid networks, and sales into fast growth markets rose significantly, which could support margins if demand holds 12.
- New products and pricingtailwind
New products contributed to growth, and the company plans to launch more than 20 products in fiscal 2027, which could add further growth 2.
- Tariffs and import costsheadwind
Tariffs on components from China and India could reduce sales and profits if they cannot be passed on to customers, and could affect the value of investments in those countries 1.
- Middle East tensionsmixed
Conflict in the region could disrupt shipping and raise energy costs, and the effect on margins could be mixed depending on the ability to pass costs on 1.
Competitive position
Standex says many of its products hold leading positions in their markets, yet it faces competition from domestic and foreign producers across product groups 1. The main competitive factors are industry and design expertise, product performance, price, delivery schedule and service quality 1.
Pricing pressure and customer churn toward lower-cost suppliers are ongoing risks, and the company tries to offset them with new business opportunities 1.
- Domestic and foreign producers of electronic components and automation
The sources refer generically to domestic and foreign producers of the same products without naming specific companies.
- Producers of aerospace and defense components
Competitors are mentioned generically in the sources without identifying listed companies.
- Producers of temperature-controlled laboratory and medical equipment
The sources do not identify specific competitors for the Scientific segment.
- Suppliers in regions with lower inflationary pressure
The company warns that some competitors in other regions could compete more effectively on price.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report30 Oct 2026Results of operations · Financial statements and exhibits
- Quarterly report30 Oct 2026
- Current report26 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Current report23 Oct 2026Shareholder vote
- Current report19 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Proxy statement04 Sept 2026
- Annual report14 Aug 2026
- Current report31 Jul 2026Results of operations · Departure or appointment of officers · Financial statements and exhibits
- Current report02 Jul 2026Material agreement · Termination of a material agreement · Acquisition or disposition of assets · Regulation FD disclosure · Financial statements and exhibits
- Current report14 May 2026Departure or appointment of officers · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-06-30 · SEC / Standex International Corporation · 14 Aug 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / Standex International Corporation · 31 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.