Standex International Q1 Earnings Beat Estimates on $232.6M Revenue

Standex International Corp. (SXI) on Thursday reported fiscal first-quarter earnings of $24.2 million, or $1.98 per share, topping Wall Street expectations. Adjusted earnings, excluding non-recurring costs and discontinued operations, came in at $2.41 per share, beating the $2.34 average estimate of six analysts surveyed by Zacks Investment Research. The Salem, New Hampshire-based equipment manufacturer posted revenue of $232.6 million for the period, also exceeding Street forecasts of $228.8 million.