Standex International Corporation

Standex International is a diversified industrial manufacturer based in Salem, New Hampshire. It designs and builds custom engineered parts and equipment for business customers. Many of them are original equipment manufacturers (OEMs), the companies that build finished products. Sales rose 12.8% to $891.6 million in the fiscal year ended June 30, 2026.

Electronics is the largest segment, at 53.3% of sales. It makes reed switches (magnet-triggered switches), sensors, relays, transformers that monitor power-grid current, and custom magnetic components for appliances, electric vehicles, solar, military and medical equipment. The engraving business (20.4%) creates custom surface textures on molds for car parts and consumer goods. The same segment also makes hydraulic cylinders for construction and refuse-collection equipment. Aerospace and Defense (15.1%) works under the Spincraft and McStarlite names. It forms metal parts such as rocket fuel tanks, aircraft engine housing parts and missile nose cones. Scientific (8.5%) supplies lab and medical refrigerators, freezers and ultra-cold storage tanks to hospitals, pharmacies, labs and drug makers.

The United States made up 58.4% of sales, Asia Pacific 26.2% and Europe, the Middle East and Africa 14.5%. Standex aims to grow through new products, geographic expansion and acquisitions. It focuses on markets with long-term growth prospects, such as the power grid, defense, commercial space and life sciences. It also exits businesses that miss its growth or return goals.

• In Q1 FY2027 (ended Sep 30, 2026), revenue was $232.6M, up 7% from a year earlier, and net income was $24.2M (+60.5%).
• For fiscal 2026, revenue was $891.6M (+12.8% year over year; +6.3% a year from FY2021 to FY2026) with a 11.7% net margin.

• Over FY2022–FY2026: $103.1M in buybacks and $70.4M in dividends.
• Regular dividend per share increased 1 years in a row.
• Regular dividends per share grew +7.3% a year over 5 years (FY2021–FY2026).
• Dividends took 15.5% of earnings and 25.1% of free cash flow in the latest fiscal year.
• Shares outstanding changed -0.9% from Nov 2, 2021 to Oct 27, 2026.

Rank among 1514 US companies

Market value at each year end

Standex International’s market value went from $1.12B at the end of 2016 to $2.96B on Oct 28, 2026, about 2.6 times as much; since the end of 2025 it is up 13%.

Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 2 open-market purchases ($12K) and 6 sales ($4.9M), 4 of them under pre-arranged 10b5-1 trading plans.

Large shareholders (13G filings)

ETFs with the most weight in SXI

1. Tariffs could hurt China and India operations. Standex makes components in China and India, and Asia Pacific made up 26.2% of sales in fiscal 2026. Existing or threatened tariffs could cut sales and profits and reduce the value of its Chinese operations.
2. Growth depends on finding and absorbing acquisitions. Standex grows partly through acquisitions. It may not find suitable deals, may struggle to integrate them or reach expected savings, and could take impairment charges (write-downs of what it paid) if they underperform.
3. Key markets swing with the economy. Sales depend on markets that rise and fall with the economy, such as autos, aviation, energy, heavy construction vehicles and appliances. A recession could bring delayed or canceled orders, price pressure and excess inventory.
4. Dependence on a credit line with conditions. Standex relies on a revolving credit line, a reusable bank loan, for capital and acquisitions. Debt was $518 million against $179 million of cash on June 30, 2026. Breaking lender rules could cut off borrowing.
5. Higher costs for materials and inputs. Higher prices or shortages of the commodities Standex buys could cut sales and profits. The company has largely offset inflation with price increases so far, but may not keep doing so.
6. A share price that can swing sharply. The company warns its share price has been volatile. In the year to October 28, 2026, the stock fell as much as 32.7% from a peak, and it dropped 72.5% in the 2008 crisis.

• Oct 30, 2026 Quarterly results released
• Oct 26, 2026 Executive or board change
• Oct 23, 2026 Shareholder vote results
• Jul 31, 2026 Quarterly results released; Executive or board change
• Jul 2, 2026 Major agreement signed; Major agreement ended; Acquisition or sale of assets completed; Investor presentation or announcement
• May 14, 2026 Executive or board change
• May 5, 2026 Quarterly results released
• Feb 4, 2026 Quarterly results released
• Nov 10, 2025 Executive or board change
• Oct 31, 2025 Shareholder vote results

Standex has paid a dividend every quarter since going public in November 1964. But the yield is small (0.56% as of October 28, 2026), so changes in the share price would drive most of an investor's return. Dividends per share rose from $0.94 in fiscal 2021 to $1.34 in fiscal 2026, about 7.3% a year. The fiscal 2025 figure dipped to $0.94, so its run of annual increases is one year, though total cash paid rose every year. Fiscal 2026 dividends used 15.5% of earnings and 25.1% of free cash flow (cash left after capital spending). Standex spent $103 million repurchasing its own shares over fiscal 2022–2026, but only $4.4 million in fiscal 2026. The share count fell 0.8% over five years.

The stock has fallen hard in downturns: 72.5% in the 2008 financial crisis, 48.1% in the 2020 COVID crash and 27.3% in the 2022 bear market. It took roughly 13, 8 and 6 months to recover. Single stocks carry more risk than diversified funds.