Standex Reports Strong Q1 Results with Record Sales and Orders

Standex International Corporation announced robust financial results for the first quarter of fiscal year 2026, which concluded on September 30, 2025. The company reported a remarkable increase in sales, which rose by 27.6% year-on-year to reach $217.4 million. This growth was significantly driven by a strong performance in new products, which saw sales increase by over 35%, alongside a notable contribution of approximately 30% from fast growth markets.

In terms of profitability, Standex achieved a GAAP operating margin of 13.6% and an adjusted operating margin of 19.1%, reflecting an improvement of 210 basis points compared to the previous year. The company’s net income from continuing operations stood at $15.8 million under GAAP, while the adjusted net income reached $24 million, marking a year-on-year increase of 9.9%.

Record Orders and Optimistic Outlook

Standex set a record for quarterly order intake, booking approximately $226 million in Q1 FY26. The company reported a book-to-bill ratio of 1.06, indicating strong future demand for its products. President and Chief Executive Officer David Dunbar expressed optimism about the company’s trajectory, noting that the figures indicate a solid start to the fiscal year.

Commenting on the results, Dunbar stated, “Following record operating performance in fiscal year 2025, our fiscal first quarter performance provided a strong start to the fiscal year, positioning us well to surpass our previously provided outlook of greater than $100 million of incremental sales in fiscal year 2026.” He highlighted that sales from fast growth markets, including sectors like the electrical grid and renewable energy, are projected to exceed $270 million for the fiscal year.

The company also reported a decline in net debt, having paid down approximately $8 million in the first quarter. The net debt to EBITDA ratio has improved to 2.4x, reflecting a focus on financial stability and reduced leverage.

Segment Performance Highlights

Standex’s Electronics segment, which accounts for 51% of total sales, demonstrated a strong year-on-year revenue growth of 42.2%, reaching $110.6 million. This increase was bolstered by acquisitions and productivity initiatives. The adjusted operating income for this segment saw a substantial rise of 73% from the previous year.

The Engineering Technologies segment also performed well, with revenues up 45.6% to approximately $29.9 million, driven by strong demand in the defense and aerospace markets.

Despite some challenges, the Scientific segment reported a 9.9% increase in revenue to $19.5 million, although it faced pressure from lower demand at academic institutions due to funding cuts.

Overall, Standex plans to enhance its product offerings further with the launch of more than 15 new products, which are expected to contribute approximately 300 basis points to growth in the upcoming year.

As Standex looks ahead, the company maintains an optimistic outlook for fiscal year 2026, projecting revenue growth of over $110 million, driven by organic growth and recent acquisitions. These results underscore Standex’s strategic focus on innovation and efficiency, positioning the company for continued success in a competitive market.

For further details, Standex will host a conference call for investors on October 31, 2025, at 08:30 ET, where company executives will discuss financial results and operational highlights.