SALEM, N.H.–(BUSINESS WIRE)–Standex International Corporation (NYSE:SXI) today announced that it has signed a definitive agreement to sell its Cooking Solutions Group (CSG), which is part of Standex’s Food Service Equipment Group (FSEG) segment, to The Middleby Corporation, a diversified food service equipment company. Upon the closing, Middleby will pay Standex a cash purchase price of $105 million, … Read more

SALEM, N.H.–(BUSINESS WIRE)–Standex International Corporation (NYSE:SXI) today reported financial results for its second quarter of fiscal year 2019 ending December 31, 2018. Second-Quarter Fiscal 2019 Results Net sales increased 5.3% year-over-year to $195.5 million with organic sales up 1.6%. Acquisitions contributed 5.1% to growth and foreign exchange had a negative effect of 1.4%. Net income from continuing … Read more

SALEM, N.H.–(BUSINESS WIRE)– Standex International Corporation (NYSE: SXI) will announce its second-quarter fiscal 2019 financial results on Wednesday, January 30, 2019 after the close of the market and will broadcast its conference call live over the Internet at 10:00 a.m. ET on Thursday, January 31, 2019. On the call, David Dunbar, President and CEO, and Thomas DeByle, … Read more

SALEM, N.H.–(BUSINESS WIRE)–Standex International Corporation (NYSE: SXI) today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share, which is payable February 25, 2019 to shareholders of record February 11, 2019. The dividend is the Company’s 218th consecutive quarterly cash dividend. Standex has paid dividends each quarter since it became a … Read more

SALEM, N.H.–(BUSINESS WIRE)–Please replace the release with the following corrected version due to multiple revisions in the table titled “Reconciliation of Fiscal Q3 and Q4 2018 Financial Results to Reflect Planned Divestiture of Cooking Solutions Group.” The corrected release reads: CORRECTING AND REPLACING STANDEX ANNOUNCES SALE OF MINORITY INTEREST IN COMBI OVEN COOKING BUSINESS; PROVIDES … Read more

SALEM, N.H.–(BUSINESS WIRE)–Standex International Corporation (NYSE:SXI) today reported financial results for the first quarter fiscal year 2019. The Company also announced its intention to pursue strategic alternatives for the Cooking Solutions Group within its Food Service Equipment Segment. Results for the Cooking Solutions Group have been classified as discontinued operations and as such are not included in … Read more

SALEM, N.H.–(BUSINESS WIRE)–Standex International Corporation (NYSE: SXI) today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share, which is payable November 27, 2018 to shareholders of record November 8, 2018. The dividend represents a $0.02 per share increase over the last four quarterly dividends and is the Company’s 217th consecutive … Read more

SALEM, N.H.–(BUSINESS WIRE)–Standex International Corporation (NYSE:SXI) today announced that it has acquired the privately held New Hampshire-based Regional Mfg. Specialists, Inc. (d/b/a Agile Magnetics), a provider of high-reliability magnetics, for $39.0 million in an all-cash transaction. Privately held Agile Magnetics realized revenues of $17.2 million for the trailing twelve-month period ending August 31, 2018. The acquisition is … Read more

SALEM, N.H.–(BUSINESS WIRE)–Standex International Corporation (NYSE:SXI) today reported financial results for its fourth quarter and full fiscal year 2018 ended June 30, 2018. Fourth-Quarter Fiscal 2018 Results Net sales increased 4.8% year-over-year to $227.5 million with total organic sales up 1.2%. Acquisitions contributed 1.8% to growth and foreign exchange had a positive effect of 1.8%. … Read more

SALEM, N.H.–(BUSINESS WIRE)–Standex International Corporation (NYSE:SXI) today announced that it has acquired Michigan-based Tenibac-Graphion, Inc. (Tenibac-Graphion), a provider of chemical and laser texturing services. Privately held Tenibac-Graphion reported revenues of $25 million for the year ended December 31, 2017 and estimated revenues of $13 million for the six-month period ending June 30, 2018. The acquisition is expected … Read more