Standex reports Q3 adjusted EPS $2.21, consensus $2.21

Reports Q3 revenue $224.6M, consensus $225.16M. Commenting on the quarter’s results, President and CEO, David Dunbar said, “We delivered another quarter with year-on-year organic growth and strong operating performance. Our sales increased 8.1% year-on-year to $224.6M driven by 8% contribution from new products and more than 30% contribution from sales into fast growth markets. We realized 6.5% organic growth with a book to bill of 1.05. Our Electronics segment grew 6.8% organically with a book to bill of 1.14. We are well positioned to deliver mid-to-high single-digit organic growth again in the fiscal Q4, primarily driven by new product launches, and strong tailwinds in the electrical grid, space, defense and aviation end markets. Sales from fast growth markets totaled approximately $69M in the fiscal Q3 and are expected to reach approximately $270M for the FY26. Adjusted operating margin expanded by 30 basis points year-on-year to 19.7%. We paid down approximately $62M of debt in the fiscal Q3, and our net leverage ratio was reduced to 1.9x.