Standex International shares gain momentum as the company reports record quarterly sales of $232.6 million and a 29.5% organic surge in its electronics division, supported by a record order intake of $273 million.
Standex International Corporation (SXI) delivered a robust fiscal first quarter 2027, highlighted by record sales of $232.6 million, representing a 12.4% organic year-over-year increase. The company's performance was bolstered by significant momentum in its Electronics segment, which saw 29.5% organic growth, alongside record order intake of approximately $273 million and a record gross margin of 44.4%.
The company reported a book-to-bill ratio of 1.17.
GAAP and adjusted gross margins reached a record 44.4%, an increase of 240 basis points year-over-year.
Standex International Corporation posted a strong fiscal first quarter 2027, driven by record sales of $232.6 million and a 12.4% organic growth rate. The company achieved record gross margins of 44.4% and a robust book-to-bill ratio of 1.17, signaling sustained momentum in its electronics and fast-growth market segments.
Growth was primarily driven by a 29.5% organic increase in the electronics segment, a 56% rise in new product sales, and a 25% expansion in sales targeting fast-growth markets.