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Companies $SXI
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Standex International Corp logo

Standex International Corp

standex.com

What Do They Do?

Sells sensing and switching components, instrument transformers and magnetic power-conversion equipment to equipment makers and industrial manufacturers.

How Do They Make Money?

Most customers pay for products when they ship. Some long-term custom work in Aerospace & Defense and Engraving & Hydraulics is paid for as work progresses, under contracts covering costs plus a reasonable margin.

FY2026 revenue by reportable segment revenue
SegmentShareRevenue
Electronics Products Group
Sold outright

53%
FY2023: 41%
Aerospace and Defense
Mix

15%
Scientific Group
Sold outright
8.5%
FY2023: 10%
Engraving Group
Mix

20%
FY2023: 21%
Other Operating Segment
Sold outright
2.6%

Who Are Their Customers?

Electronics sells mainly to equipment makers through direct sales teams, agents and distributors; aerospace and defense products go directly to large companies or their suppliers; scientific equipment is sold to distributors, healthcare facilities, laboratories and research organizations.

Do Revenues Turn Into Profits?

Yes. It kept 12 cents of every revenue dollar as net income in FY2026 and turned 7 cents into free cash flow.

Operating income, FY2026
22% of revenue
▲ +107% vs FY2025 ($93.5M, 12%)
Net income, FY2026
12% of revenue
▲ +88% vs FY2025 ($55.8M, 7%)
Free cash flow, FY2026
7% of revenue
▲ +56% vs FY2025 ($41.3M, 5%)

How Are They Changing?

Growing. Revenue grew 21% in 4 years, from $735.3M in FY2022 to $891.6M in FY2026, about 5% a year.

Hydraulics joins Engraving The earlier report describes Engraving as a tooling-texture business; the latest groups it with a hydraulics business selling engineered cylinders and systems.

More grid equipment in Electronics The earlier Electronics description centers on sensing, switching and magnetic power-conversion parts; the latest also describes instrument transformers, current sensors and bushings for the power grid.

Revenue over time
Electronics Products Group Aerospace and Defense Scientific Group Engraving Group Other Operating Segment Corporate Segment and Other Operating Segment Engineering Technologies Group Specialty Solutions Group
$1B$500M$0

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