Standex International Corporation
- Open
- 280.00
- Day high
- 280.41
- Day low
- 279.92
- Prev close
- 277.93
- Volume
- 1K
- Mkt cap
- $3.4B
- P/E (TTM)
- 32.3
- EPS (TTM)
- $8.68
- P/B
- 4.5
- P/S
- 3.8
- Yield
- 0.36%
- Per share
- $1.02
- ▼Insiders net selling -$5.0M over the last 3 months (0 open-market buys, 7 sales)
- 🏛Institutions accumulating (13F)
Standex International Corporation (SXI) is a Industrials company listed on NYSE. The stock is up 41% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 7 sales (SEC Form 4). Drillr has 1 published research article covering SXI.
Standex International Corporation (SXI) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SXI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 31, 2026 | $2.32 | $2.45 | +5.6% | $228M | +0.8% |
| May 1, 2026 | $2.22 | $2.21 | -0.5% | $225M | -0.3% |
| Jan 29, 2026 | $2.00 | $2.08 | +4.0% | $221M | -2.9% |
| Oct 30, 2025 | $1.94 | $1.99 | +2.6% | $217M | +0.0% |
| Jul 31, 2025 | $2.10 | $2.28 | +8.6% | $222M | +7.3% |
| May 1, 2025 | $1.93 | $1.95 | +1.0% | $208M | +1.7% |
| Jan 30, 2025 | $1.68 | $1.91 | +13.7% | $190M | +1.2% |
| Aug 1, 2024 | $1.73 | $1.76 | +1.6% | $180M | -0.7% |
| May 2, 2024 | $1.67 | $1.75 | +4.7% | $177M | -1.7% |
| Feb 1, 2024 | $1.73 | $1.78 | +3.2% | $178M | -6.3% |
| Nov 2, 2023 | $1.69 | $1.74 | +2.8% | $185M | +0.1% |
| Aug 3, 2023 | $1.67 | $1.76 | +5.3% | $188M | +1.2% |
SXI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Sep 1, 2026 | Dunbar David A.director, officer: President/CEO/Chairman | Sell | 9,000 | $290.82 |
| Sep 1, 2026 | Dunbar David A.director, officer: President/CEO/Chairman | Sell | 4,000 | $290.81 |
| Aug 26, 2026 | Sarcevic Ademirofficer: Vice President/CFO/Treasurer | Sell | 2,300 | $306.13 |
| Aug 26, 2026 | GLASS ALAN Jofficer: Vice President | Sell | 1,391 | $303.19 |
| Aug 25, 2026 | Dunbar David A.director, officer: President/CEO/Chairman | Grant | 2,285 | — |
| Aug 25, 2026 | Sarcevic Ademirofficer: Vice President/CFO/Treasurer | Tax | 223 | $310.28 |
| Aug 25, 2026 | Kshirsagar Vineetofficer: Chief Strategy Officer | Tax | 46 | $310.28 |
| Aug 25, 2026 | Dunbar David A.director, officer: President/CEO/Chairman | Tax | 817 | $310.28 |
| Aug 25, 2026 | GLASS ALAN Jofficer: CLO, VP & Secretary | Grant | 524 | — |
| Aug 25, 2026 | GLASS ALAN Jofficer: CLO, VP & Secretary | Tax | 180 | $310.28 |
| Aug 25, 2026 | Arets Maxofficer: VP; Chief Information Officer | Grant | 382 | — |
| Aug 25, 2026 | Kshirsagar Vineetofficer: Chief Strategy Officer | Option | 161 | — |
| Aug 25, 2026 | Dunbar David A.director, officer: President/CEO/Chairman | Grant | 32,600 | $341.31 |
| Aug 25, 2026 | Sarcevic Ademirofficer: Vice President/CFO/Treasurer | Option | 602 | — |
| Aug 25, 2026 | GLASS ALAN Jofficer: CLO, VP & Secretary | Tax | 392 | $310.28 |
Source: SXI SEC Form 4 filings, latest Sep 1, 2026. For informational purposes only — not investment advice.
See the full SXI insider & 13F page →Standex International Corporation company profile
Overview
Standex International Corporation (NYSE:SXI) is a diversified industrial manufacturing company founded in 1955 and headquartered in Salem, New Hampshire. The company went public in 1969 and has evolved into a multi-segment manufacturer serving commercial and industrial markets globally. Standex operates through five distinct business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions, each targeting specialized niche markets with engineered products and solutions.
Business
Standex operates as a diversified industrial manufacturer across five specialized segments, each serving distinct markets with engineered components and solutions. The Electronics segment represents the largest portion of the business, generating approximately 45-50% of total revenue. This division manufactures reed relays (electromagnetic switches used in telecommunications and automotive applications), fluid level sensors, proximity sensors, motion sensors, and HVAC condensate sensors. The segment also produces current sense transformers and advanced planar transformer technologies for power conversion applications, particularly in electric vehicles, renewable energy systems, and data centers. Reed relays are miniature switches that use magnetic fields to control electrical circuits, commonly found in test equipment, automotive systems, and industrial controls. The Engraving segment accounts for roughly 15-17% of revenue and provides specialized tooling and surface texturing services. This includes mold texturizing for automotive and consumer products, slush molding tools for automotive interiors, roll engraving for various industrial applications, and hygiene product tooling. The segment also produces low observation vents and provides project management services for stealth aircraft applications, serving aerospace and defense markets. The Scientific segment contributes approximately 9-10% of revenue, manufacturing temperature-controlled laboratory equipment including incubators, ovens, freezers, and environmental chambers. These products serve medical, pharmaceutical, biotechnology, and industrial research markets where precise temperature control is critical for experiments, sample storage, and manufacturing processes. The Engineering Technologies segment generates about 12-15% of revenue, specializing in net-shape and near-net-shape manufacturing processes. This involves creating precision-formed metal components through advanced forming techniques that require minimal additional machining. The segment serves aviation, aerospace, defense, energy, medical, marine, oil and gas, and space markets with customized engineered components. The Specialty Solutions segment accounts for roughly 10-12% of revenue, manufacturing refrigerated and heated merchandising display cases for retail food service, custom fluid pump solutions, and hydraulic cylinders including telescopic and piston rod designs used in various industrial applications.
Revenue model
Standex generates revenue primarily through direct product sales to industrial and commercial customers, operating on a business-to-business model across all segments. The company manufactures engineered components and specialized equipment that customers integrate into their own products or use in their operations. The Electronics segment sells components like reed relays and sensors to original equipment manufacturers (OEMs) in automotive, telecommunications, test equipment, and renewable energy industries. Revenue comes from both standard catalog products and custom-engineered solutions developed specifically for customer applications. The segment benefits from recurring demand as customers incorporate Standex components into their ongoing production. The Engraving segment operates on a project-based model, providing tooling and surface treatment services to automotive manufacturers, consumer goods companies, and aerospace contractors. Revenue is generated through both the creation of specialized tools and ongoing maintenance services. The Scientific segment sells laboratory equipment directly to research institutions, pharmaceutical companies, biotechnology firms, and industrial laboratories. This includes both equipment sales and aftermarket service revenue. Engineering Technologies operates primarily as a contract manufacturer, producing precision components according to customer specifications. Revenue comes from both prototype development and production runs, often with long-term supply agreements. Specialty Solutions sells display cases to food service retailers and provides custom hydraulic solutions to industrial customers, generating revenue through both equipment sales and replacement parts. Several factors influence Standex's profitability margins. Positive margin drivers include the company's focus on engineered, application-specific products that command premium pricing due to their specialized nature and the switching costs customers face when changing suppliers. The company's investments in research and development enable it to launch new products that typically carry higher margins. Additionally, Standex benefits from its exposure to fast-growth markets like electric vehicles, renewable energy, data centers, and space applications, which often support higher pricing due to performance requirements and market growth dynamics. Margin pressures come from raw material cost inflation, particularly for metals and electronic components, though the company has demonstrated ability to pass through price increases to customers. Competition in some segments, particularly more commoditized products, can pressure pricing. Economic downturns affecting end markets like automotive, construction, or general industrial applications can reduce demand and force price competition. Supply chain disruptions and labor cost inflation also impact margins, though the company's diverse geographic footprint and supplier base provide some mitigation.
Competitive moat
Standex possesses moderate competitive advantages that vary significantly across its business segments, with the strongest moats in its Electronics and Scientific divisions. The Electronics segment benefits from several defensive characteristics. Reed relay technology requires specialized manufacturing expertise and significant customer qualification processes, creating switching costs for customers who must extensively test and validate alternative suppliers. The segment's focus on mission-critical applications in automotive safety systems, telecommunications infrastructure, and test equipment means customers prioritize reliability over price, providing pricing power. Additionally, the long product development cycles and custom engineering requirements create sticky customer relationships. The Scientific segment enjoys strong positioning through its established brand reputation in laboratory equipment markets, where reliability and regulatory compliance are paramount. The segment benefits from high switching costs as laboratories are reluctant to change equipment that affects research consistency, and the installed base generates recurring service revenue. The Engineering Technologies segment has moderate moats through its specialized net-shape forming capabilities and long-term customer relationships in aerospace and defense markets, where supplier qualification processes are extensive and relationships tend to be sticky once established. However, Standex faces meaningful competitive threats. The company operates in relatively niche markets that, while providing some protection from large competitors, also limit growth potential. In the Engraving and Specialty Solutions segments, the company faces more commoditized competition and cyclical end markets that can pressure margins during downturns. The company's moderate scale compared to larger industrial conglomerates limits its ability to invest in research and development or weather economic cycles as effectively as larger competitors. The most significant competitive risk comes from technological disruption, particularly in the Electronics segment where solid-state alternatives could potentially replace electromechanical reed relays in some applications. Additionally, the company's exposure to cyclical end markets like automotive and industrial equipment makes it vulnerable to economic downturns that can quickly erode pricing power and volumes.
Risks & safety
Standex demonstrates solid financial stability with moderate leverage and strong liquidity, though recent acquisitions have increased debt levels. • Overall Assessment: The company maintains adequate financial flexibility with manageable debt levels and strong cash generation, though leverage has increased following the Amran/Narayan acquisition. • Cash and Debt Position: As of Q3 2025, cash and short-term investments totaled $109.8 million against total liabilities of $867.6 million. Current debt-to-equity ratio of 0.90x represents an increase from historical levels due to the $462 million Amran/Narayan acquisition, bringing leverage to approximately 2.8x EBITDA. Management has indicated debt reduction as a priority. • Liquidity and Cash Flow: Strong current ratio of 3.4x indicates solid short-term liquidity. Free cash flow generation has been consistent, with $23.3 million in Q3 2025, though this varies quarterly. Operating cash flow of $92.7 million in FY 2024 demonstrates the business's ability to generate cash from operations. • Valuation Metrics: Trading at approximately 22x earnings and 23x EV/EBITDA as of Q3 2025, representing a premium valuation that reflects growth expectations but limits margin of safety. Price-to-book ratio of 2.8x is reasonable for an industrial manufacturer with specialized assets. • Other Considerations: The company's diversified end markets provide some stability, though exposure to cyclical industries creates earnings volatility. Recent acquisition integration and debt reduction requirements may limit financial flexibility in the near term.
Recent development
Over the past few years, Standex has executed a focused strategy centered on portfolio optimization, aggressive new product development, and strategic acquisitions to accelerate growth in fast-growth markets. The company's most significant recent development was the $462 million acquisition of the Amran/Narayan Group in late 2024, which dramatically expanded Standex's presence in the electrical grid modernization market. This acquisition added instrument transformer capabilities and is expected to increase the company's exposure to fast-growth markets from 13% to 25% of total sales. The acquired companies serve the electrical grid infrastructure market, benefiting from trends in grid modernization, data center expansion, and renewable energy integration. Standex has dramatically accelerated its new product development efforts, releasing 13 new products in fiscal 2025 year-to-date, compared to typically launching 3-4 products annually in previous years. The company has increased R&D spending from less than 1% of sales historically to over 2%, with expectations to potentially reach 3%. These new products are specifically targeted at fast-growth markets including electric vehicles, renewable energy, data centers, space applications, and defense systems. New product sales have doubled year-over-year and are expected to contribute over 200 basis points of growth annually. The company has strategically redefined its fast-growth market focus to concentrate on five key areas: electrical grid infrastructure, renewable energy, electric and hybrid vehicles, space applications, and defense systems. Sales into these markets grew from $94 million in fiscal 2024 to a projected $170 million in fiscal 2025, with long-term targets exceeding $340 million by fiscal 2028. Geographically, Standex is expanding its global footprint, particularly through the Amran/Narayan acquisition which provides immediate scale in India and planned expansion into Europe within six months. The company is also investing in manufacturing capacity expansion across multiple segments to support anticipated growth. Management has established ambitious long-term financial targets for fiscal 2028, including sales exceeding $1.15 billion (updated from previous $1 billion target), adjusted operating margins above 23% (increased from 19%), and return on invested capital above 15.5%. These targets reflect confidence in the company's strategic positioning in fast-growth markets and new product development capabilities.
SXI company profile · for informational purposes only — not investment advice.
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