Standex International Corporation reported its financial results for the first quarter of fiscal year 2025, which ended September 30, 2024. The company posted net sales of $170.5 million, a 7.7% decrease year-on-year, and adjusted diluted EPS of $1.71, a 1.7% decrease year-on-year.
Despite the top-line decline, Standex achieved a record gross margin of 41.1% and maintained an adjusted operating margin near 16.0%. Sales from fast-growth markets, including electric vehicles, defense, and commercial space, improved year-on-year, but were offset by softness in the Engraving segment's soft trim business.
The company also announced the acquisition of Amran Instrument Transformers and Narayan Powertech Pvt., Ltd. on the same day, which is expected to be immediately accretive to revenue growth, EBITDA margin, operating margin, earnings per share, and free cash flow. For the fiscal second quarter 2025, Standex anticipates moderately to significantly higher revenue, driven by this acquisition and improving demand in other segments.
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