Standex International Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2018
January 30, 2019 at 04:15 pm
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Standex International Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2018. For the quarter, the company reported net sales of $195,522,000 against $185,694,000 a year ago. Income from operations was $20,207,000 against $17,045,000 a year ago. Net income was $13,398,000 against loss of $2,806,000 a year ago. Basic earnings per share from continuing operations was $0.99 against loss per share of $0.34 a year ago. Basic earnings per share was $1.06 against loss per share of $0.22 a year ago. Diluted earnings per share from continuing operations was $0.98 against loss per share of $0.34 a year ago. Diluted earnings per share was $1.05 against loss per share of $0.22 a year ago.
For the six months, the company reported net sales of $388,609,000 against $374,836,000 a year ago. Income from operations was $42,852,000 against $35,697,000 a year ago. Net income was $29,255,000 against $11,193,000 a year ago. Basic earnings per share from continuing operations was $2.11 against $0.65 a year ago. Basic earnings per share was $2.31 against $0.88 a year ago. Diluted earnings per share from continuing operations was $2.10 against $0.64 a year ago. Diluted earnings per share was $2.30 against $0.87 a year ago.
Standex International Corporation is a diversified industrial manufacturing company. The Company operates through five segments. Its Electronics segment manufactures and sells electronic components for applications throughout the end user market spectrum. Its Engraving segment provides mold texturizing, slush molding tools, project management and design services, roll engraving, hygiene product tooling, low observation vents for stealth aircraft, and process machinery for several industries. Its Scientific segment sells specialty temperature-controlled equipment for the medical, scientific, pharmaceutical, biotech and industrial markets. Its Engineering Technologies segment provides net and near net formed single-source customized solutions in the manufacture of engineered components. Its Specialty segment manufactures and sells refrigerated, heated and dry merchandizing display cases and single and double acting telescopic and piston rod hydraulic cylinders.
STANDEX INTERNATIONAL CORPORATION 
