Standex International Corporation reported its financial results for the third quarter of fiscal year 2025, which ended March 31, 2025. The company achieved record sales of $207.8 million since the divestment of its Refrigeration business in April 2020, representing a 17.2% increase year-on-year.
Standex also reported a record adjusted gross margin of 42.3% and a record adjusted operating margin of 19.4%, up 280 basis points year-on-year. Adjusted diluted EPS for the quarter was $1.95. These results reflect continued strong operational performance from core businesses and the full quarter impact of the Amran/Narayan Group and McStarlite acquisitions.
Fast-growth market sales totaled $60.4 million, approximately 29% of total sales, and are on track to meet the fiscal year expectation of $170 million. The company reaffirmed its long-term target for fast-growth market sales of over $340 million by fiscal year 2028. Standex also launched three new products in the quarter, bringing the year-to-date total to 13, contributing over 2% of incremental sales.
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