Standex International Corporation · NYSE:SXI
Standex International — Q3 2025 Earnings Presentation
16 slides from Standex International's earnings presentation, May 2, 2025
Slide 1: Third Quarter Fiscal 2025 Earnings Call Presentation
Third Quarter Fiscal 2025 Earnings Call Presentation May 2, 2025
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Statements contained in this presentation 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 s
Slide 3: Key Q3 Messages
KEY Q3 MESSAGES SALES PROFILE ▪ In Q3 FY25, sales increased 17.2% with contributions from acquisitions partially offset by organic decline; Highest sales quarter since divestiture of the Refrigeration Group in April 2020 ▪ Electronics Book to Bill of 0.98 indicating market stability; Electronics org
Slide 4: Tariff, Trade and Market Impacts
TARIFF, TRADE AND MARKET IMPACTS ▪ Our Customer Intimacy business model requires that our plants are near customers, limiting exposure to tariff and trade disruptions. We have “in region – for region” operations and >85% of our products are manufactured and sold within the same region ▪ Imports of m
Slide 5: McStarlite Expands Addressable Market by >$300M
MCSTARLITE EXPANDS ADDRESSABLE MARKET BY >$300M On February 5, 2025, Standex acquired McStarlite, a leading provider of complex sheet metal aerospace components, for ~$56.5M in cash. Expansion into Widebody, Military and McStarlite Expansion into MRO Lipskin Segments Space & Defense Sectors Commerci
Slide 6: Q3 FY25 Summary
Q3 FY25 SUMMARY Standex International Corporation Third Quarter Ended March 31 ($ in millions) Q3 FY25 Q3 FY24 Y/Y △% Comments Net sales 207.8 177.3 17.2% Organic growth: (8.1%) Acquisitions/Divestitures: 26.3% F/X: (1.0%) Adjusted operating income 40.3 29.4 37.3% Interest expense 8.4 1.0 781.5% Inc
Slide 7: Electronics
ELECTRONICS YOY Comparison $ in millions Q3 FY25 Q3 FY24 % Change Revenue 111.3 80.4 38.4% GAAP Operating Income 25.5 15.7 62.2% GAAP OI Margin % 22.9% 19.5% Adjusted Operating 33.2 17.9 85.4% Income* Adjusted OI Margin %* 29.8% 22.2% * Excludes the amortization of acquired backlog, the step-up of i
Slide 8: Engraving and Scientific
ENGRAVING Q3 FY25 Summary ▪ Revenue decreased reflecting an organic YOY Comparison decline, primarily due to continued softness in North America and Europe from delays in new $ in millions Q3 FY25 Q3 FY24 % Change platform rollouts Revenue 30.6 36.3 (15.7%) ▪ Adjusted operating income decreased due
Slide 9: Engineering Technologies and Specialty Solutions
ENGINEERING TECHNOLOGIES Q3 FY25 Summary YOY Comparison ▪ Revenue increased primarily driven by recent $ in millions Q3 FY25 Q3 FY24 % Change McStarlite acquisition, more favorable project timing in the space end market, and growth in Revenue 27.4 20.1 36.2% sales from new products GAAP Operating In
Slide 10: Q3 FY25 Capitalization
Q3 FY25 CAPITALIZATION Standex International Corporation CAPITAL SPENDING AND D&A ($ in millions) 3/31/2025 12/31/2024 ▪ $6.1M of CAPEX in Q3 FY25 compared to $5.2M in Q3 FY24 Debt including issuance costs 580.2 534.3 ▪ CAPEX expected to be between $25M to $30M Cash 109.8 121.1 in FY25 Net (Cash) De
Slide 11: Key Takeaways
KEY TAKEAWAYS ▪ Q3 FY25 highlights: ▪ Record adjusted gross margin of 42.3% increased 230 bps YOY ▪ Record adjusted operating margin of 19.4% increased 280 bps YOY ▪ Adjusted EPS of $1.95 ▪ Fast growth markets well on track to FY25 expectations primarily driven by growth in data center demand and gr
Slide 12: Appendix
APPENDIX
Slide 13: Long-Term Targets ~ FY28
LONG-TERM TARGETS ~ FY28 Prior Targets ~ FY28 New Targets ~ FY28 Sales >$1B >$1.15B Adj. Operating Margin * >19% >23% FCF Conversion ~100% GAAP NI ~100% GAAP NI ROIC** >15% >15.5% Above targets assume current portfolio of businesses *Adjusted figures exclude the impact of restructuring charges, purc
Slide 14: Q3 FY25 Segment Snapshot
Q3 FY25 SEGMENT SNAPSHOT Segment Breakdown (In millions, except percentages) Q3 FY25 Q3 FY24 Y/Y △% Comments Net Sales by Segment Electronics 111.3 80.4 38.4% Organic decline of 8.9%; Acquisitions: 48.1%; F/X: -0.8% Engraving 30.6 36.3 (15.7%) Organic decline of 12.6%; F/X: -3.1% Scientific 18.3 16.
Slide 15: Q3 FY25 Revenue Drivers
Q3 FY25 REVENUE DRIVERS Q3 FY25 Electronics Engraving Scientific Engineering Specialty Total YOY Change % Technologies Solutions Organic (8.9%) (12.6%) (8.0%) 9.9% (13.9%) (8.1%) Divestiture 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Acquisitions 48.1% 0.0% 16.1% 26.3% 0.0% 26.3% Currency (0.8%) (3.1%) 0.0% 0.0%
Slide 16: Q3 FY25 GAAP to Non-GAAP Income Bridge
Q3 FY25 GAAP TO NON-GAAP INCOME BRIDGE Standex International Q3 FY25 Q3 FY24 % Change Corporation Pre-tax Noncon Net Pre-tax Net Pre-tax Net Income Tax trolling Income EPS Income Tax Income EPS Income Income EPS Interest Reported - GAAP 17.6 5.2 (0.8) 21.9 1.81 20.3 (4.3) 15.9 1.35 -13.2 37.3 34.1 A
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