Standex International Shares Gain

Standex International shares were higher 6% on Monday after the diversified manufacturing company reported fiscal Q4 non-GAAP net income of $1.40 per diluted share, up from $1.31 for the same period last year and just ahead of the $1.39 estimate from two analysts polled by Capital IQ. Revenues for the quarter ended June 30 were $217.1 million, up from $193.8 million for the year-ago quarter, and beating two-analyst estimate of $210.1 million.

The company said it expects strong momentum to continue in engraving, engineering technologies and electronics. In Hydraulics, it said its markets are fundamentally sound and it plans to capitalize on its pipeline of growth opportunities.

Leave A Reply

Your email address will not be published.