Fri, May 2, 5:25 PM (20 days ago)
**Standex International Corporation (SXI) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** Q1 2025 revenue was $207.8 million, up 17.2% YoY, driven by acquisitions and organic growth in fast-growing markets. - **Profit Margins:** Gross profit margin was 39.7%, up from 38.5% YoY. Operating margin was 12.5%, down from 17.5% YoY due to lower organic sales and acquisition-related costs. - **Earnings:** Net income was $21.9 million, up from $15.8 million YoY. EPS was $1.81, up from $1.33 YoY. - **Cash Flow:** Operating cash flow was $36.2 million, down from $64.6 million YoY due to working capital changes. **Segment Performance:** - **Electronics:** Sales up 38.4% YoY, operating income up 62.2% YoY due to acquisitions and productivity initiatives. - **Engraving:** Sales down 15.7% YoY, operating income down 51.2% YoY due to softness in North America. - **Scientific:** Sales up 8.1% YoY, operating income down 20.4% YoY due to NIH funding cuts. - **Engineering Technologies:** Sales up 36.2% YoY, operating income down 3.0% YoY due to purchase accounting expenses. - **Specialty Solutions:** Sales down 13.9% YoY, operating income down 29.8% YoY due to market softness. **Uncertainties and Future Operations:** - **Tariffs and Inflation:** Potential impacts from tariffs and inflation on supply chain and costs. - **Acquisitions:** Continued focus on strategic acquisitions to drive growth. - **Restructuring:** Ongoing cost-reduction initiatives to improve productivity. **Key Metrics:** - **Backlog:** Total backlog up 25.5% YoY, driven by acquisitions. - **Debt:** Long-term debt increased to $579.4 million, with an effective interest rate of 5.63%. - **Liquidity:** Cash balance of $109.8 million, with $169.1 million available under the credit facility. **Outlook:** - Expectations for increased exposure to high-growth, high-margin markets. - Continued focus on productivity initiatives and strategic investments. - Anticipated stability in key end markets, with potential softness in scientific cold storage demand.