Standex Q1 Sales Hit Record $232.6M, Raises FY27 Outlook
SALEM, N.H. – – October 30, 2026 -- Standex International (NYSE: SXI) posted record first-quarter fiscal 2027 sales of $232.6 million, up 12.4% organically, and raised its full-year outlook. The board also authorized a new $100 million share repurchase program.
Electronics drives growth as orders reach about $273 million
Electronics grew 29.5% organically, led by fast growth markets, general industrial demand and new products. Company-wide order intake hit a record of about $273 million, for a book-to-bill ratio of 1.17. New product sales rose 56%, and sales into fast growth markets rose 25% to about $78 million.
Adjusted gross margin reached a record 44.4%, up 240 basis points year on year. GAAP operating margin was 17.4%. Adjusted operating margin was 20.2%, up 110 basis points, with expansion in every segment.
CEO David Dunbar credited "multiple independent growth drivers," including electrification, data center and defense demand.