SXI
Published on 04/30/2026 at 04:02 pm EDT
SALEM, N.H., April 30, 2026 /PRNewswire/ -- Standex International Corporation (NYSE: SXI) today reported financial results for the third quarter of fiscal year 2026 ended March 31, 2026.
Summary Financial Results - Total
($M except EPS and Dividends)
3Q26
3Q25
2Q26
Y/Y
Q/Q
Net Sales
$224.6
$207.8
$221.3
8.1 %
1.5 %
Operating Income – GAAP
$90.8
$26.3
$35.6
246.0 %
155.3 %
Operating Income – Adjusted
$44.2
$40.3
$42.2
9.5 %
4.8 %
Operating Margin % - GAAP
40.4 %
12.6 %
16.1 %
2780 bps
2430 bps
Operating Margin % - Adjusted
19.7 %
19.4 %
19.0 %
30 bps
70 bps
Net Income from Continuing Ops – GAAP
$68.6
$22.8
$20.6
201.3 %
232.6 %
Net Income from Continuing Ops – Adjusted
$26.7
$23.5
$25.1
13.5 %
6.5 %
EBITDA
$99.4
$35.7
$45.1
178.7 %
120.7 %
EBITDA margin
44.3 %
17.2 %
20.4 %
2710 bps
2390 bps
Adjusted EBITDA
$48.4
$45.3
$47.2
6.9 %
2.6 %
Adjusted EBITDA margin
21.6 %
21.8 %
21.3 %
- 20 bps
30 bps
Diluted EPS – GAAP
$5.56
$1.81
$0.17
207.3 %
3170.6 %
Diluted EPS – Adjusted
$2.21
$1.95
$2.08
13.5 %
6.3 %
Dividends per Share
$0.34
$0.32
$0.34
6.3 %
0.0 %
Free Cash Flow
$6.3
$3.5
$13.0
81.5 %
-51.6 %
Net Debt to EBITDA
1.9x
3.0x
2.3x
-36.7 %
-17.4 %
Commenting on the quarter's results, President and Chief Executive Officer David Dunbar said, "We delivered another quarter with year-on-year organic growth and strong operating performance. Our sales increased 8.1% year-on-year to $224.6 million driven by 8% contribution from new products and more than 30% contribution from sales into fast growth markets. We realized 6.5% organic growth with a book to bill of 1.05. Our Electronics segment grew 6.8% organically with a book to bill of 1.14. We are well positioned to deliver mid-to-high single-digit organic growth again in the fiscal fourth quarter, primarily driven by new product launches, and strong tailwinds in the electrical grid, space, defense and aviation end markets. Sales from fast growth markets totaled approximately $69 million in the fiscal third quarter and are expected to reach approximately $270 million for the full fiscal year 2026.
Adjusted operating margin expanded by 30 basis points year-on-year to 19.7%. We paid down approximately $62 million of debt in the fiscal third quarter, and our net leverage ratio was reduced to 1.9x.
On March 6th, we completed the divestiture of Federal Industries at an enterprise value of approximately $70 million. The divestiture supports continued portfolio simplification and enables us to focus on larger businesses and fast growth end market opportunities. As such, we will now report under the four operating segments of Electronics, Aerospace & Defense (formerly Engineering Technologies), Scientific, and Engraving & Hydraulics."
Fiscal Fourth Quarter 2026 Outlook
In fiscal fourth quarter 2026, on a year-on-year basis, the Company expects slightly to moderately higher revenue, driven by mid-to-high single digit organic growth from higher sales into fast growth end markets and increased new product sales, partially offset by the impact on revenue from the recently completed divestiture of Federal Industries. The Company expects slightly lower adjusted operating margin as contributions from organic growth and realization of productivity actions are more than offset by growth investments, higher medical costs, and increased variable compensation expenses.
On a sequential basis, the Company expects slightly higher revenue, driven by increased contributions from fast growth end markets and new product sales, and slightly to moderately higher adjusted operating margin due to higher volume and pricing and productivity initiatives, partially offset by growth investments.
Fiscal Year 2026 Outlook
The Company's prior fiscal year 2026 sales outlook included a full year contribution from Federal Industries. Considering the divestiture of Federal Industries and barring any unforeseen economic, global trade, or tariffs related disruptions, the Company now expects revenue to grow by approximately $100 million in fiscal year 2026, which will continue to be driven by mid-to-high single digit organic growth in Electronics and double-digit organic growth in Aerospace & Defense. The Company remains on course to release over fifteen new products that it expects will contribute approximately 300 bps of incremental growth. Sales from fast growth markets are on track to grow approximately 45% year-on-year and reach approximately $270 million.
Third Quarter Segment Operating Performance
The Engineering Technologies segment has been re-named as the Aerospace & Defense segment. The Company believes this name change will improve understanding of the business and its end markets. The Hydraulics business has been combined with the Engraving business under Engraving & Hydraulics segment. As a result, the Company will now report under the four operating segments of Electronics, Aerospace & Defense, Scientific, and Engraving & Hydraulics.
Electronics (53% of sales; 66% of segment adjusted operating income)
3Q26
3Q25
% Change
Electronics ($M)
Revenue
119.7
111.3
7.6 %
GAAP Operating Income
31.7
25.5
24.3 %
GAAP Operating Margin %
26.4
22.9
Adjusted Operating Income
35.1
33.2
5.9 %
Adjusted Operating Margin %
29.3
29.8
Revenue increased approximately $8.4 million or 7.6% year-on-year, reflecting organic growth of 6.8% and a foreign currency benefit of 0.8%. Organic growth was driven by sales into fast growth markets and increased new product sales. Adjusted operating income increased approximately $1.9 million or 5.9% year-on-year due to higher volume, pricing initiatives, and product mix, partially offset by growth investments.
The segment had a book-to-bill ratio of approximately 1.14 in the fiscal third quarter, with orders of approximately $136 million.
In fiscal fourth quarter 2026, on a sequential basis, the Company expects slightly to moderately higher revenue, reflecting higher sales into fast growth end markets and increased new product sales. The Company expects slightly higher adjusted operating margin due to higher revenue, partially offset by continued growth investments.
Aerospace & Defense (16% of sales; 12% of segment adjusted operating income)
3Q26
3Q25
% Change
Aerospace & Defense ($M)
Revenue
36.6
27.4
33.7 %
GAAP Operating Income
5.8
3.4
70.9 %
GAAP Operating Margin %
16.0
12.5
Adjusted Operating Income
6.6
5.1
29.4 %
Adjusted Operating Margin %
18.0
18.6
Revenue increased approximately $9.2 million or 33.7% year-on-year reflecting organic growth of 20.8%, a 12.2% benefit from the McStarlite acquisition, and a foreign currency benefit of 0.7%. Organic growth was primarily driven by increased projects activity in the commercialization of space end market. Adjusted operating income increased approximately $1.5 million or 29.4% year-on-year reflecting higher volume.
In fiscal fourth quarter 2026, on a sequential basis, the Company expects slightly to moderately higher revenue due to growth in new product sales and more favorable project timing, and slightly to moderately higher adjusted operating margin due to higher volume and realization of productivity initiatives.
Scientific (8% of sales; 7% of segment adjusted operating income)
3Q26
3Q25
% Change
Scientific ($M)
Revenue
18.0
18.3
-1.7 %
GAAP Operating Income
3.7
3.9
-4.8 %
GAAP Operating Margin %
20.6
21.3
Adjusted Operating Income
3.9
4.1
-4.8 %
Adjusted Operating Margin %
21.9
22.6
Revenue decreased approximately $0.3 million or 1.7% year-on-year reflecting an organic decline of 1.7% from lower demand at academic and research institutions that were impacted by NIH funding cuts. Adjusted operating income decreased approximately $0.2 million or 4.8% year-on-year due to lower sales.
In fiscal fourth quarter 2026, on a sequential basis, the Company expects slightly higher revenue and similar adjusted operating margin due to product mix.
Engraving & Hydraulics (20% of sales; 12% of segment adjusted operating income)
3Q26
3Q25
% Change
Engraving & Hydraulics ($M)
Revenue
44.8
43.8
2.2 %
GAAP Operating Income
6.1
5.0
22.0 %
GAAP Operating Margin %
13.6
11.3
Adjusted Operating Income
6.4
5.3
20.1 %
Adjusted Operating Margin %
14.3
12.2
Revenue increased approximately $1.0 million or 2.2% year-on-year reflecting a foreign currency benefit of 4.0%, partially offset by an organic decline of 1.8%. The organic decline was primarily driven by general market weakness for hydraulics cylinders. Engraving services had organic growth of 4.0%, driven by slightly improved demand in North America and Asia. Adjusted operating income increased approximately $1.1 million or 20.1% year-on-year due to higher sales and the realization of previously executed restructuring actions.
In fiscal fourth quarter 2026, on a sequential basis, the Company expects slightly lower revenue and similar to slightly higher adjusted operating margin from realization of productivity initiatives.
Capital Allocation
Balance Sheet and Cash Flow Highlights
Conference Call Details
Standex will host a conference call for investors tomorrow, May 1, 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 May 1, 2027. To listen to the teleconference playback, please dial in the U.S. (888) 660-6345 or (646) 517-4150 internationally; the passcode is 06832#. The audio playback via phone will be available through May 8, 2026. The webcast replay can be accessed in the "Investor Relations" section of the Company's website, located at www.standex.com.
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.
About Standex
Standex International Corporation is a multi-industry manufacturer in four broad business segments: Electronics, Aerospace and Defense, Scientific, and Engraving & Hydraulics with operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China. For additional information, visit the Company's website at http://standex.com/.
Forward-Looking Statements
Statements contained in this Press Release that are not based on historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terminology such as "should," "could," "may," "will," "expect," "believe," "estimate," "anticipate," "intend," "continue," or similar terms or variations of those terms or the negative of those terms. There are many factors that affect the Company's business and the results of its operations and that may cause the actual results of operations in future periods to differ materially from those currently expected or anticipated. These factors include, but are not limited to: the impact of global crises or catastrophic events on employees, our supply chain, and the demand for our products and services around the world; materially adverse or unanticipated legal judgments, fines, penalties or settlements; conditions in the financial and banking markets, including fluctuations in exchange rates and the inability to repatriate foreign cash; domestic and international economic conditions, including the impact, length and degree of economic downturns on the customers and markets we serve and more specifically conditions in the electrical grid, automotive, construction, aerospace, defense, transportation, food service equipment, consumer appliance, energy, oil and gas and general industrial markets; lower-cost competition; the relative mix of products which impact margins and operating efficiencies in certain of our businesses; the impact of higher raw material and component costs, particularly steel, certain materials used in electronics parts, petroleum based products, and refrigeration components; the impact of higher transportation and logistics costs, especially with respect to transportation of goods from Asia; the impact of inflation on the costs of providing our products and services; an inability to realize the expected cost savings from restructuring activities including effective completion of plant consolidations, cost reduction efforts including procurement savings and productivity enhancements, capital management improvements, strategic capital expenditures, and the implementation of lean enterprise manufacturing techniques; the potential for losses associated with the exit from or divestiture of businesses that are no longer strategic or no longer meet our growth and return expectations; the inability to achieve the savings expected from global sourcing of raw materials and diversification efforts in emerging markets; the impact on cost structure and on economic conditions as a result of actual and threatened increases in trade tariffs; the inability to attain expected benefits from acquisitions and the inability to effectively consummate and integrate such acquisitions and achieve synergies envisioned by the Company; increased costs from acquisitions to improve and coordinate managerial, operational, financial, and administrative systems, including internal controls over financial reporting and compliance with the Sarbanes-Oxley Act of 2002, and other costs related to such systems in connection with acquired businesses; market acceptance of our products; our ability to design, introduce and sell new products and related product components; the ability to redesign certain of our products to continue meeting evolving regulatory requirements; the impact of delays initiated by our customers; our ability to increase manufacturing production to meet demand including as a result of labor shortages; the impact on our operations of any successful cybersecurity attacks; and potential changes to future pension funding requirements. For a more comprehensive discussion of these and other factors, see the "Risk Factors" section of the Company's most recent annual report on Form 10-K filed with the SEC and available on the Company's website. In addition, any forward-looking statements represent management's estimates only as of the day made and should not be relied upon as representing management's estimates as of any subsequent date. While the Company may elect to update forward-looking statements at some point in the future, the Company and management specifically disclaim any obligation to do so, even if management's estimates change.
Standex International Corporation
Consolidated Statement of Operations
(unaudited)
Three Months Ended
Nine Months Ended
March 31,
March 31,
March 31,
March 31,
(In thousands, except per share data)
2026
2025
2026
2025
Net sales
$
224,595
207,780
$
663,346
$
568,058
Cost of sales
132,663
125,350
388,749
344,108
Gross profit
91,932
82,430
274,597
223,950
Selling, general and administrative expenses
48,067
47,564
149,063
130,796
(Gain) loss on sale of business
(56,837)
-
(56,837)
-
Restructuring costs
2,989
1,976
9,425
3,982
Amortization of acquired intangible assets
4,374
4,485
13,350
9,965
Acquisition related costs
2,513
2,152
3,562
20,392
Income from operations
90,826
26,253
156,034
58,815
Interest expense
7,328
8,363
24,154
14,915
Other non-operating (income) expense, net
828
309
1,054
1,171
Total
8,157
8,672
25,208
16,086
Income from continuing operations before income taxes
82,669
17,581
130,826
42,729
Provision for income taxes
14,037
(5,197)
25,738
475
Net income from continuing operations
68,632
22,778
105,088
42,254
Income (loss) from discontinued operations, net of tax
(115)
(52)
(94)
(56)
Net income
68,517
22,726
104,994
42,198
Less: net income attributable to redeemable noncontrolling interest
755
846
2,076
1,264
Less: change of redeemable noncontrolling interest to redemption value
784
-
18,763
-
Net income attributable to Standex International
$
66,978
$
21,880
$
84,155
$
40,934
Basic earnings per share:
Income (loss) from discontinued operations
(0.01)
-
(0.01)
-
Total income (loss) attributable to Standex International
$
5.57
$
1.83
$
7.00
$
3.44
Diluted earnings per share:
Income (loss) from discontinued operations
(0.01)
-
(0.01)
-
Total income (loss) attributable to Standex International
$
5.56
$
1.81
$
6.99
$
3.41
Average Shares Outstanding
Basic
12,048
11,986
12,033
11,906
Diluted
12,062
12,059
12,053
11,997
Standex International Corporation
Condensed Consolidated Balance Sheets
(unaudited)
March 31,
June 30,
(In thousands)
2026
2025
ASSETS
Current assets:
Cash and cash equivalents
$
103,725
104,542
Accounts receivable, net
179,695
172,702
Inventories
129,563
129,994
Prepaid expenses and other current assets
69,736
73,641
Total current assets
482,719
480,879
Property, plant, equipment, net
152,581
160,364
Intangible assets, net
204,855
225,757
Goodwill
585,503
610,338
Deferred tax asset
9,786
11,971
Operating lease right-of-use asset
45,812
47,998
Other non-current assets
45,521
29,573
Total non-current assets
1,044,058
1,086,001
Total assets
$
1,526,777
$
1,566,880
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
$
77,361
88,001
Accrued liabilities
64,180
63,204
Income taxes payable
16,864
15,770
Total current liabilities
158,405
166,975
Long-term debt
472,841
552,515
Operating lease long-term liabilities
36,586
40,057
Accrued pension and other non-current liabilities
60,539
67,743
Total non-current liabilities
569,966
660,315
Redeemable non-controlling interest
44,227
27,913
Stockholders' equity:
Common stock
41,976
41,976
Additional paid-in capital
142,396
136,082
Retained earnings
1,198,976
1,126,851
Accumulated other comprehensive loss
(198,941)
(164,765)
Treasury shares
(430,228)
(428,467)
Total stockholders' equity
754,179
711,677
Total liabilities, redeemable noncontrolling interest and stockholders' equity
$
1,526,777
$
1,566,880
Standex International Corporation and Subsidiaries
Statements of Consolidated Cash Flows
(unaudited)
Nine Months Ended
March 31,
(In thousands)
2026
2025
Cash Flows from Operating Activities
Net income
$
104,994
42,198
Income (loss) from discontinued operations
(94)
(56)
Income from continuing operations
105,088
42,254
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
29,249
25,310
Stock-based compensation
6,578
7,878
Non-cash portion of restructuring charge
575
(401)
(Gain) loss on sale of business
(56,837)
-
Contributions to defined benefit plans
(5,352)
(6,153)
Net changes in operating assets and liabilities
(32,837)
(32,675)
Net cash provided by operating activities - continuing operations
46,464
36,213
Net cash provided by (used in) operating activities - discontinued operations
(286)
(42)
Net cash provided by (used in) operating activities
46,178
36,171
Cash Flows from Investing Activities
Capital Expenditures
(16,721)
(19,762)
Expenditures for acquisitions, net of cash acquired
-
(477,381)
Proceeds from the sale of business
68,299
-
Other investing activities
(423)
3,800
Net cash provided by (used in) investing activities
51,155
(493,343)
Cash Flows from Financing Activities
Proceeds from borrowings
-
792,313
Payments of debt
(80,000)
(362,109)
Contingent consideration payment
(330)
-
Activity under share-based payment plans
1,775
2,019
Purchase of treasury stock
(3,800)
(9,582)
Distributions to non-controlling interests
(2,324)
-
Cash dividends paid
(12,135)
(11,197)
Other financing activities
-
-
Net cash provided by (used in) financing activities
(96,814)
411,444
Effect of exchange rate changes on cash
(1,336)
1,335
Net changes in cash and cash equivalents
(817)
(44,393)
Cash and cash equivalents at beginning of year
104,542
154,203
Cash and cash equivalents at end of period
$
103,725
$
109,810
Standex International Corporation
Selected Segment Data
(unaudited)
Three Months Ended
Nine Months Ended
March 31,
March 31,
(In thousands)
2026
2025
2026
2025
Net Sales
Electronics
$
119,707
$
111,283
$
345,928
$
284,939
Aerospace & Defense
36,591
27,375
97,121
70,555
Scientific
17,979
18,292
56,931
54,462
Engraving & Hydraulics
44,780
43,815
139,913
132,321
Other
5,538
7,015
23,453
25,781
Total
$
224,595
$
207,780
$
663,346
$
568,058
Income from operations
Electronics
$
31,656
$
25,471
$
89,705
$
59,918
Aerospace & Defense
5,841
3,417
13,836
11,120
Scientific
3,708
3,895
12,874
13,362
Engraving & Hydraylics
6,138
4,974
20,959
18,178
Other
762
1,362
4,046
5,214
Restructuring
(2,989)
(1,976)
(9,425)
(3,982)
Gain (loss) on sale of business
56,837
-
56,837
-
Acquisition related costs
(2,513)
(2,152)
(3,562)
(20,392)
Corporate
(8,614)
(8,738)
(29,236)
(24,603)
Total
$
90,826
$
26,253
$
156,034
$
58,815
Standex International Corporation
Reconciliation of GAAP to Non-GAAP Financial Measures
(unaudited)
Three Months Ended
Nine Months Ended
March 31,
March 31,
(In thousands, except percentages)
2026
2025
% Change
2026
2025
% Change
Adjusted income from operations and adjusted net income from continuing operations:
Net Sales
$
224,595
$
207,780
8.1 %
$
663,346
$
568,058
16.8 %
Income from operations, as reported
$
90,826
$
26,253
246.0 %
$
156,034
$
58,815
165.3 %
Income from operations margin
40.4 %
12.6 %
23.5 %
10.4 %
Adjustments:
Restructuring charges
2,989
1,976
9,425
3,982
Acquisition-related costs
2,513
2,152
3,562
20,392
Amortization of acquired intangible assets
4,374
4,485
13,350
9,965
Litigation (settlement refund) charge
-
-
100
-
(Gain) loss on sale of business
(56,837)
-
(56,837)
-
Purchase accounting expenses
331
5,479
2,316
11,676
Adjusted income from operations
$
44,196
$
40,345
9.5 %
$
127,950
$
104,830
22.1 %
Adjusted income from operations margin
19.7 %
19.4 %
19.3 %
18.5 %
Interest and other income (expense), net
(8,157)
(8,672)
(25,208)
(16,086)
Foreign currency related (gain) loss on acquisition and divestiture activities
-
-
-
554
Provision for income taxes
(14,037)
5,197
(25,738)
(475)
Discrete and other tax items
-
(9,321)
-
(8,946)
Tax impact of above adjustments
5,458
(3,173)
892
(10,314)
Net income from continuing operations, as adjusted
27,461
24,375
77,896
69,563
Less: net income attributable to redeemable noncontrolling interest
1,539
846
20,839
1,264
Add back: change of redeemable noncontrolling interest to redemption value per the acquisition agreement
(784)
-
(18,763)
-
Net income from continuing operations attributable to Standex, as adjusted
$
26,706
$
23,530
13.5 %
$
75,820
$
68,299
11.0 %
EBITDA and Adjusted EBITDA:
Net income (loss) from continuing operations, as reported
$
68,632
$
22,778
201.3 %
$
105,088
$
42,254
Net income from continuing operations margin
30.6 %
11.0 %
15.8 %
7.4 %
Add back:
Provision for income taxes
14,037
(5,197)
25,738
475
Interest expense
7,328
8,363
24,154
14,915
Depreciation and amortization
9,448
9,744
29,249
25,310
EBITDA
$
99,446
$
35,688
178.7 %
$
184,229
$
82,954
122.1 %
EBITDA Margin
44.3 %
17.2 %
27.8 %
14.6 %
Adjustments:
Restructuring charges
2,989
1,976
9,425
3,982
Acquisition-related costs
2,513
2,152
3,562
20,392
Litigation (settlement refund) charge
-
-
100
-
(Gain) loss on sale of business
(56,837)
-
(56,837)
-
Purchase accounting expenses
331
5,479
2,316
11,676
Adjusted EBITDA
$
48,441
$
45,295
6.9 %
$
142,795
$
119,004
20.0 %
Adjusted EBITDA Margin
21.6 %
21.8 %
21.5 %
20.9 %
Free operating cash flow:
Net cash provided by operating activities - continuing operations, as reported
$
8,951
$
9,551
$
46,464
$
36,213
Less: Capital expenditures
(2,637)
(6,072)
(16,721)
(19,762)
Free cash flow from continuing operations
$
6,314
$
3,479
$
29,743
$
16,451
Standex International Corporation
Reconciliation of GAAP to Non-GAAP Financial Measures
(unaudited)
Three Months Ended
Nine Months Ended
Adjusted earnings per share from continuing operations
March 31,
March 31,
2026
2025
%Change
2026
2025
% Change
Diluted earnings per share from continuing operations attributable to Standex, as reported
$
5.56
$
1.81
207.3 %
$
6.99
$
3.41
105.0 %
Adjustments:
Restructuring charges
0.19
0.13
0.59
0.25
Acquisition-related costs
0.16
0.14
0.23
1.36
Amortization of acquired intangible assets
0.28
0.29
0.84
0.63
Litigation (settlement refund) charge
-
-
0.01
-
(Gain) loss on sale of business
(4.06)
-
(4.06)
-
Foreign currency related (gain) loss on acquisition and divestiture activities
-
-
-
0.04
Discrete tax items
-
(0.77)
-
(0.74)
Purchase accounting expenses
0.02
0.35
0.15
0.74
Change of redeemable noncontrolling interest to redemption value per the acquisition agreement
0.06
-
1.56
-
Diluted earnings per share from continuing operations attributable to Standex, as adjusted
$
2.21
$
1.95
13.5 %
$
6.29
$
5.69
10.6 %
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SOURCE Standex International Corporation