STANDEX INTERNATIONAL CORP/DE/

SALEM, NH – October 29, 2026 — Standex International Corporation (NYSE: SXI) today reported financial results for the first quarter of fiscal year 2027 ended September 30, 2026.

Summary Financial Results - Total
($M except EPS and Dividends)		1Q27				1Q26				4Q26				Y/Y				Q/Q
Net Sales		$	232.6			$	217.4			$	228.3				7.0	%			1.9	%
Operating Income – GAAP		$	40.4			$	29.6			$	37.5				36.4	%			7.6	%
Operating Income – Adjusted		$	47.0			$	41.6			$	45.4				13.1	%			3.6	%
Operating Margin % - GAAP			17.4	%			13.6	%			16.5	%		380 bps				90 bps
Operating Margin % - Adjusted			20.2	%			19.1	%			19.9	%		110 bps				30 bps
Net Income from Continuing Ops – GAAP		$	24.2			$	15.8			$	23.6				53.1	%			2.6	%
Net Income from Continuing Ops – Adjusted		$	29.3			$	24.0			$	29.7				21.8	%			-1.6	%
EBITDA		$	48.9			$	39.7			$	48.1				23.2	%			1.8	%
EBITDA margin			21.0	%			18.3	%			21.1	%		270 bps				- 10 bps
Adjusted EBITDA		$	51.2			$	47.1			$	51.5				8.7	%			-0.6	%
Adjusted EBITDA margin			22.0	%			21.7	%			22.6	%		30 bps				- 60 bps
Diluted EPS – GAAP		$	1.99			$	1.25			$	1.69				59.6	%			17.8	%
Diluted EPS – Adjusted		$	2.41			$	1.99			$	2.45				21.1	%			-1.6	%
Dividends per Share		$	0.34			$	0.32			$	0.34				6.3	%			0.0	%
Free Cash Flow		$	9.1			$	10.4			$	35.0				-12.3	%			-74.1	%
Net Debt to EBITDA		2.0x				2.4x				1.8x					-16.7	%			11.1	%

Commenting on the quarter’s results, President and Chief Executive Officer David Dunbar said, “We are off to a strong start to fiscal 2027. Our strategy with multiple independent growth drivers is accelerating growth and expanding margins. We delivered record sales of $232.6 million, driven by 12.4% organic growth. Strong end market demand driven by electrification, data center and defense needs, new products from our ongoing growth investments, and a recovery in general industrial market contributed to this growth. Our Electronics segment led the way with approximately 30% organic growth and a book-to-bill of 1.23. Sales from fast growth markets were approximately $78 million this quarter, and we are now on track to exceed $315 million in fiscal year 2027. Adjusted operating margin rose 110 basis points year over year to 20.2% with margin expansion across each of our segments. We ended the quarter with net leverage of 2.0x, providing flexibility to continue investing for future growth.

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Considering first quarter results and our expanding backlog, we are raising our fiscal year 2027 outlook based on multiple growth engines.”

Fiscal Second Quarter 2027 Outlook

In fiscal second quarter 2027, on a year-on-year basis, the Company expects moderately higher revenue and adjusted operating margin.

On a sequential basis, the Company expects slightly higher revenue and similar adjusted operating margin.

Fiscal Year 2027 Outlook

For fiscal year 2027, the Company is raising its outlook to high-single digits total sales growth, from mid-to-high single digits previously. The Company now anticipates organic sales to increase by more than $100 million in fiscal year 2027. The Company expects higher sales and adjusted operating margin expansion to drive high teens growth in adjusted earnings per share.

The Company is on track to release more than 20 new products, which are expected to contribute more than 300 bps of incremental growth. Sales from fast growth markets are now expected to grow greater than 20% year-on-year to greater than $315 million.

First Quarter Segment Operating Performance

Electronics (60% of sales; 69% of segment adjusted operating income)

		1Q27				1Q26				% Change
Electronics ($M)
Revenue			140.5				110.6				27.1	%
GAAP Operating Income			37.9				28.3				33.9	%
GAAP Operating Margin %			27.0				25.6
Adjusted Operating Income			41.3				31.9				29.6	%
Adjusted Operating Margin %			29.4				28.8

Revenue increased approximately $29.9 million or 27.1% year-on-year, reflecting organic growth of 29.5%, partially offset by a foreign currency impact of 2.4%. Organic growth was driven by sales into fast growth markets, strong general industrial markets, and increased new product sales. Adjusted operating income increased approximately $9.4 million or 29.6% year-on-year due to higher volume and pricing initiatives, partially offset by growth investments and higher variable compensation expenses.

The segment had a book-to-bill ratio of approximately 1.23 in the fiscal first quarter, with record orders of approximately $173 million.

In fiscal second quarter 2027, on a sequential basis, the Company expects slightly higher revenue and similar adjusted operating margin. On a year-on-year basis, the Company expects significantly higher revenue and slightly higher adjusted operating margin.

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Aerospace & Defense (14% of sales; 10% of segment adjusted operating income)

		1Q27				1Q26				% Change
Aerospace & Defense ($M)
Revenue			31.4				29.9				5.1	%
GAAP Operating Income			5.8				3.6				61.6	%
GAAP Operating Margin %			18.6				12.1
Adjusted Operating Income			6.3				5.0				24.6	%
Adjusted Operating Margin %		19.9					16.8

Revenue increased approximately $1.5 million or 5.1% year-on-year reflecting organic growth from project activity in the space and defense end markets, partially offset by project timing. Adjusted operating income increased approximately $1.2 million or 24.6% year-on-year reflecting higher volume and project mix.

In fiscal second quarter 2027, on a sequential basis, the Company expects significantly higher revenue and slightly higher adjusted operating margin.

Scientific (9% of sales; 10% of segment adjusted operating income)

		1Q27				1Q26				% Change
Scientific ($M)
Revenue		19.8				19.5					1.8	%
GAAP Operating Income			5.6				4.7				19.9	%
GAAP Operating Margin %			28.3				24.1
Adjusted Operating Income			5.8				4.9				18.7	%
Adjusted Operating Margin %			29.5				25.3

Revenue increased approximately $0.3 million or 1.8% year-on-year reflecting organic growth from pricing initiatives and a slight market recovery. Adjusted operating income increased approximately $0.9 million or 18.7% year-on-year.

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

Engraving & Hydraulics (18% of sales; 11% of segment adjusted operating income)

		1Q27				1Q26				% Change
Engraving & Hydraulics ($M)
Revenue			40.9				48.0				-14.9	%
GAAP Operating Income			6.4				7.4				-12.5	%
GAAP Operating Margin %			15.8				15.3
Adjusted Operating Income			6.7				7.7				-12.8	%
Adjusted Operating Margin %			16.4				16.0

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Revenue decreased approximately $7.2 million or 14.9% year-on-year reflecting an organic decline of 15.7% from softness in the North American automotive market, partially offset by a foreign currency benefit of 0.7%. Adjusted operating income decreased approximately $1.0 million or 12.8% year-on-year.

In fiscal second quarter 2027, on a sequential basis, the Company expects slightly lower revenue and adjusted operating margin.

Capital Allocation

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Interest: In fiscal second quarter 2027, the Company expects interest expense between $7.0 million and $7.5 million.

●

Share Repurchase: The Company did not repurchase shares under its share repurchase program during the fiscal first quarter of 2027. On October 27, 2026, the Company’s Board of Directors authorized the repurchase of up to $100 million of the Company’s common stock, replacing and superseding the approximately $23.5 million that remained available under the prior authorization.

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Capital Expenditures: In fiscal first quarter 2027, the Company’s capital expenditures were $6.6 million compared to $6.4 million in the fiscal first quarter of 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. Capital expenditures were $25.2 million in fiscal year 2026.

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Dividend: On October 22, 2026, the Company declared a quarterly cash dividend of $0.36 per share, an approximately 5.9% year-on-year increase. The dividend is payable November 20, 2026, to shareholders of record on November 6, 2026.

Balance Sheet and Cash Flow Highlights

●

Net Debt: Standex had net (cash) debt of $401.2 million on September 30, 2026, compared to $446.0 million at the end of fiscal first quarter 2026. Net (cash) debt for the first quarter of 2027 consisted primarily of long-term debt of $518.1 million and cash and equivalents of $116.8 million.

●

Cash Flow: Net cash provided by continuing operating activities for the three months ended September 30, 2026, was $15.7 million compared to $16.8 million in the prior year’s quarter. Free cash flow after capital expenditures was $9.1 million compared to free cash flow after capital expenditures of $10.4 million in the fiscal first quarter of 2026.

Conference Call Details

Standex will host a conference call for investors tomorrow, October 30, 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 October 30, 2027. To listen to the teleconference playback, please dial in the U.S. (888) 660-6345 or (646) 517-4150 internationally; the passcode is 25368#. The audio playback via phone will be available through November 6, 2026. The webcast replay can be accessed in the “Investor Relations” section of the Company’s website, located at www.standex.com.

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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.

Contact:

Christopher Howe

Director of Investor Relations

(773) 754-5394

e-mail: [email protected]

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Standex International Corporation

Consolidated Statement of Operations

(unaudited)

		Three Months Ended
		September 30,
(In thousands, except per share data)		2026				2025
Net sales		$	232,575				217,431
Cost of sales			129,375				126,998
Gross profit			103,200				90,433
Selling, general and administrative expenses			56,176				49,832
(Gain) Loss on sale of business			900				-
Restructuring costs			1,029				5,997
Amortization of acquired intangible assets			4,302				4,537
Acquisition related costs			375				433
Income from operations			40,418				29,634
Interest expense			7,224				8,912
Other non-operating (income) expense, net			1,036				(265	)
Total			8,260				8,647
Income from continuing operations before income taxes			32,158				20,987
Provision for income taxes			7,931				5,165
Net income from continuing operations			24,227				15,822
Income (loss) from discontinued operations, net of tax			(61	)			(27	)
Net income			24,166				15,795
Less: net income attributable to redeemable noncontrolling interest			-				739
Net income attributable to Standex International		$	24,166			$	15,056
Basic earnings per share:
Income (loss) from discontinued operations			(0.01	)			-
Total income (loss) attributable to Standex International		$	2.00			$	1.26
Diluted earnings per share:
Income (loss) from discontinued operations			(0.01	)			-
Total income (loss) attributable to Standex International		$	1.98			$	1.25
Average Shares Outstanding
Basic			12,069				12,013
Diluted			12,146				12,047

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Standex International Corporation

Condensed Consolidated Balance Sheets

(unaudited)

		September 30,				June 30,
(In thousands)		2026				2026
ASSETS
Current assets:
Cash and cash equivalents		$	116,840				178,734
Accounts receivable, net			168,595				172,896
Inventories			142,692				128,960
Prepaid expenses and other current assets			85,149				71,165
Total current assets			513,276				551,755
Property, plant, equipment, net			153,727				153,024
Intangible assets, net			194,625				199,479
Goodwill			580,782				581,553
Deferred tax asset			4,263				4,409
Operating lease right-of-use asset			42,900				45,400
Other non-current assets			50,155				50,088
Total non-current assets			1,026,452				1,033,953
Total assets		$	1,539,728			$	1,585,708
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable		$	79,410				80,098
Accrued liabilities			65,165				131,999
Income taxes payable			16,261				17,419
Total current liabilities			160,836				229,516
Long-term debt			518,058				517,950
Operating lease long-term liabilities			32,769				35,814
Accrued pension and other non-current liabilities			50,292				47,214
Total non-current liabilities			601,119				600,978
Redeemable non-controlling interest			-				-
Stockholders' equity:
Common stock			41,976				41,976
Additional paid-in capital			130,818				127,621
Retained earnings			1,235,413				1,215,329
Accumulated other comprehensive loss			(196,691	)			(199,061	)
Treasury shares			(433,743	)			(430,651	)
Total stockholders' equity			777,773				755,214
Total liabilities, redeemable noncontrolling interest and stockholders' equity		$	1,539,728			$	1,585,708

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Standex International Corporation and Subsidiaries

Statements of Consolidated Cash Flows

(unaudited)

		Three Months Ended
		September 30,
(In thousands)		2026				2025
Cash Flows from Operating Activities
Net income		$	24,166				15,795
Income (loss) from discontinued operations			(61	)			(27	)
Income from continuing operations			24,227				15,822
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			9,548				9,817
Stock-based compensation			3,534				1,774
Non-cash portion of restructuring charge			-				149
(Gain) Loss on sale of business			900				-
Contributions to defined benefit plans			(159	)			(1,285	)
Net changes in operating assets and liabilities			(22,380	)			(9,469	)
Net cash provided by operating activities - continuing operations			15,670				16,808
Net cash provided by (used in) operating activities - discontinued operations			(79	)			18
Net cash provided by (used in) operating activities			15,591				16,826
Cash Flows from Investing Activities
Capital Expenditures			(6,563	)			(6,420	)
Other investing activities			-				59
Net cash provided by (used in) investing activities			(6,563	)			(6,361	)
Cash Flows from Financing Activities
Proceeds from borrowings			8,000				-
Payments of debt			(8,000	)			(8,000	)
Purchase of/distribution to non-controlling interests			(64,000	)			(725	)
Cash dividend paid			(4,029	)			(3,836	)
Purchase of treasury stock and other			(4,285	)			(4,072	)
Activity under share-based payment plans			856				1,140
Net cash provided by (used in) financing activities			(71,458	)			(15,493	)
Effect of exchange rate changes on cash			536				(861	)
Net changes in cash and cash equivalents			(61,894	)			(5,889	)
Cash and cash equivalents at beginning of year			178,734				104,542
Cash and cash equivalents at end of period		$	116,840			$	98,653

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Standex International Corporation

Selected Segment Data

(unaudited)

		Three Months Ended
		September 30,
(In thousands)		2026				2025
Net Sales
Electronics		$	140,501			$	110,553
Aerospace & Defense			31,428				29,894
Scientific			19,794				19,450
Engraving & Hydraulics			40,852				48,012
Other			-				9,522
Total		$	232,575			$	217,431
Income from operations
Electronics		$	37,866			$	28,283
Aerospace & Defense			5,844				3,617
Scientific			5,607				4,678
Engraving & Hydraulics			6,435				7,351
Other			-				2,075
Restructuring			(1,029	)			(5,997	)
Gain (Loss) on sale of business			(900	)			-
Acquisition related costs			(375	)			(433	)
Corporate			(13,030	)			(9,940	)
Total		$	40,418			$	29,634

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Standex International Corporation

Reconciliation of GAAP to Non-GAAP Financial Measures

(unaudited)

		Three Months Ended
		September 30,
(In thousands, except percentages)		2026				2025				% Change
Adjusted income from operations and adjusted net income from continuing operations:
Net Sales		$	232,575			$	217,431				7.0	%
Income from operations, as reported		$	40,418			$	29,634				36.4	%
Income from operations margin			17.4	%			13.6	%
Adjustments:
Restructuring charges			1,029				5,997
Acquisition-related costs			375				433
Amortization of acquired intangible assets			4,302				4,537
(Gain) Loss on sale of business			900				-
Purchase accounting expenses			-				993
Adjusted income from operations		$	47,024			$	41,594				13.1	%
Adjusted income from operations margin			20.2	%			19.1	%
Interest and other income (expense), net			(8,260	)			(8,647	)
Provision for income taxes			(7,931	)			(5,165	)
Discrete and other tax items			-				-
Tax impact of above adjustments			(1,565	)			(3,005	)
Net income from continuing operations, as adjusted			29,268				24,777
Less: net income attributable to redeemable noncontrolling interest			-				739
Net income from continuing operations attributable to Standex, as adjusted		$	29,268			$	24,038				21.8	%
EBITDA and Adjusted EBITDA:
Net income (loss) from continuing operations, as reported		$	24,227			$	15,822				53.1	%
Net income from continuing operations margin			10.4	%			7.3	%
Add back:
Provision for income taxes			7,931				5,165
Interest expense			7,224				8,912
Depreciation and amortization			9,548				9,817
EBITDA		$	48,930			$	39,716				23.2	%
EBITDA Margin			21.0	%			18.3	%
Adjustments:
Restructuring charges			1,029				5,997
Acquisition-related costs			375				433
(Gain) loss on sale of business			900				-
Purchase accounting expenses			-				993
Adjusted EBITDA		$	51,234			$	47,139				8.7	%
Adjusted EBITDA Margin			22.0	%			21.7	%
Free operating cash flow:
Net cash provided by operating activities - continuing operations, as reported		$	15,670			$	16,808
Less: Capital expenditures			(6,563	)			(6,420	)
Free cash flow from continuing operations		$	9,107			$	10,388

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Standex International Corporation

Reconciliation of GAAP to Non-GAAP Financial Measures

(unaudited)

		Three Months Ended
		September 30,
Adjusted earnings per share from continuing operations		2026				2025				% Change
Diluted earnings per share from continuing operations attributable to Standex, as reported		$	1.99			$	1.25				59.6	%
Adjustments:
Restructuring charges			0.06				0.37
Acquisition-related costs			0.02				0.02
Amortization of acquired intangible assets			0.27				0.29
(Gain) Loss on sale of business			0.06				-
Purchase accounting expenses			-				0.06
Diluted earnings per share from continuing operations attributable to Standex, as adjusted		$	2.41			$	1.99				21.1	%

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