Standex International (SXI) Q4 FY2024 earnings: revenue $180 million, down 4.3% on the year

Standex International Corp. (SXI) reported revenue of $180 million for Q4 FY2024, the quarter ended 30 June 2024, down 4.3% on the same quarter a year earlier. Net income was $20 million, down 2.9% on the year, and diluted earnings per share $1.65. The figures are the company's own, from the 10-K it filed with the SEC on 2 August 2024.

Revenue$180 milliondown 4.3%

Net income$20 milliondown 2.9%

Diluted EPS$1.65

QuarterQ4 FY2024ended 30 June 2024

The quarter, against the one before and a year earlier

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Revenue	180	177	n/a	n/a
Cost of revenue	111	109	n/a	n/a
Gross profit	69.4	68.3	n/a	n/a
Gross margin	38.5%	38.5%	n/a
Research and development	n/a	15.5	n/a	n/a
Selling, general and administrative	41.0	41.8	n/a	n/a
Operating income	27.1	21.8	n/a	n/a
Operating margin	15.1%	12.3%	n/a
Interest expense	1.3	0.9	n/a	n/a
Pre-tax income	25.6	20.3	n/a	n/a
Income tax	5.9	4.3	n/a	n/a
Effective tax rate	23.0%	21.4%	n/a
Net income	19.6	15.8	n/a	n/a
Net margin	10.9%	8.9%	n/a
Diluted EPS	$1.65	$1.33	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Operating cash flow	28.5	24.4	n/a	n/a
Capital expenditure	6.5	5.2	n/a	n/a
Free cash flow	22.0	19.2	n/a	n/a
Free cash flow margin	12.2%	10.8%	n/a
Cash from investing	-7.7	-16.4	n/a	n/a
Cash from financing	-3.4	-8.5	n/a	n/a
Depreciation and amortisation	7.0	7.2	n/a	n/a
Buybacks	0.0	5.1	n/a	n/a
Dividends paid	3.5	3.5	n/a	n/a
Dividend per share	n/a	$0.30	n/a	n/a
Diluted shares, weighted	12m	12m	n/a	n/a
Shares outstanding at period end	12m	12m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Shareholders' equity	622	619	n/a	n/a
Redeemable equity	0.0	n/a	n/a	n/a
Debt	149	149	n/a	n/a
Operating lease liabilities	30.7	29.0	n/a	n/a
Other liabilities	204	197	n/a	n/a
Total liabilities and equity	1,005	994	n/a	n/a
Fixed assets	135	135	n/a	n/a
Goodwill	281	282	n/a	n/a
Intangible assets	78.7	81.9	n/a	n/a
Securities held for sale or to maturity	2.7	2.7	n/a	n/a
Cash and equivalents	154	139	n/a	n/a
Receivables	121	121	n/a	n/a
Inventory	87.1	95.2	n/a	n/a
Other assets	145	137	n/a	n/a
Total assets	1,005	994	n/a	n/a

Questions

What was Standex International's revenue in Q4 FY2024?

Standex International (SXI) reported revenue of $180 million for Q4 FY2024, the quarter ended 30 June 2024, down 4.3% on the same quarter a year earlier.

How much did Standex International earn in Q4 FY2024?

Net income for Q4 FY2024 was $20 million, down 2.9% on the year, and diluted earnings per share $1.65.

When did Standex International report Q4 FY2024 results?

Standex International filed its 10-K for the year that ended with the quarter on 2 August 2024; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025 †	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *
Revenue	185	178	177	180	170	190	208	222	217	221	225	228
Cost of revenue	112	107	109	111	100	118	125	131	127	129	133	131
Gross profit	72.6	71.7	68.3	69.4	70.1	71.4	82.4	91.3	90.4	92.2	91.9	97.4
Gross margin	39%	40%	39%	39%	41%	38%	40%	41%	42%	42%	41%	43%
R&D	n/a	n/a	15.5	n/a	n/a	n/a	5.4	n/a	n/a	n/a	5.6	n/a
SG&A	43.6	43.3	41.8	41.0	43.0	45.7	52.0	52.6	54.4	55.6	52.4	56.9
Operating income	26.9	25.8	21.8	27.1	24.1	8.5	26.3	34.7	29.6	35.6	90.8	37.6
Operating margin	15%	14%	12%	15%	14%	4%	13%	16%	14%	16%	40%	16%
Interest expense	1.3	1.0	0.9	1.3	1.0	5.6	8.4	9.0	8.9	7.9	7.3	6.6
Pre-tax income	24.8	24.5	20.3	25.6	23.1	2.0	17.6	26.1	21.0	27.2	82.7	32.1
Tax rate	24%	22%	21%	23%	21%	36%	-30%	41%	25%	24%	17%	27%
Net income	18.8	18.9	15.8	19.6	18.2	0.9	21.9	14.8	15.1	2.1	67.0	20.5
Net margin	10%	11%	9%	11%	11%	0%	11%	7%	7%	1%	30%	9%
Diluted EPS	$1.58	$1.59	$1.33	$1.65	$1.53	$0.07	$1.81	$1.23	$1.25	$0.17	$5.55	$1.69
Operating cash flow	16.2	23.6	24.4	28.5	17.6	9.1	9.5	33.4	16.8	20.6	11.7	40.4
Capital expenditure	4.3	4.2	5.2	6.5	6.7	7.0	6.1	8.6	6.4	7.7	5.6	5.5
Free cash flow	11.8	19.3	19.2	22.0	10.8	2.1	3.5	24.8	10.4	12.9	6.2	34.9
Buybacks	22.2	4.5	5.1	0.0	4.4	5.2	0.0	0.3	3.7	0.1	0.0	0.6
Dividends paid	3.3	3.6	3.5	3.5	3.5	3.8	3.8	3.8	3.8	4.1	4.2	4.0
Shares outstanding	12m	12m	12m	12m	12m	12m	12m	12m	12m	12m	12m	12m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 30 June 2024, filed 2 August 2024, accession 0001437749-24-024465: the filing on EDGAR. All of Standex International Corp.'s filings: EDGAR company page.

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