Top-line Growth
Total sales increased 8.1% year‑on‑year to $224.6 million, including 6.5% organic growth.
Record Electronics Revenue
Electronics revenue reached a record $119.7 million, up 7.6% year‑on‑year (6.8% organic); book‑to‑bill of 1.14 and two consecutive months of orders >$50 million indicate strong demand.
Aerospace & Defense Momentum
Engineering Technologies repositioned as Standex Aerospace & Defense: revenue up 33.7% to $36.6 million (20.8% organic; 12.2% from McStarlite acquisition) with robust project activity in commercialization of space.
New Product Acceleration
New product sales grew ~40% to ~$18.7 million in the quarter; company expects pro forma new product sales to increase by $24 million to $64 million for fiscal 2026, adding ~300 basis points to organic growth.
Fast-Growth Markets Mix Shift
Sales into fast-growth end markets were approximately $69 million (≈30% of total sales); company expects ~30% of total sales (~$270 million) to be into fast-growth markets for the year.
Margin and EPS Improvement
Consolidated adjusted operating margin expanded 30 basis points year‑on‑year to 19.7%; adjusted earnings per share increased 13.5% to $2.21.
Balance Sheet and Liquidity Strengthening
Completed divestiture of Federal Industries (enterprise value ~ $70 million) and used proceeds to pay down ~$62 million of debt; net debt reduced to $369.1 million and net leverage to 1.9x; available liquidity ≈ $191 million and cash ≈ $103.7 million.
Free Cash Flow Improvement
Fiscal third quarter free cash flow was $6.3 million versus $3.5 million a year ago (operating cash flow $9.0 million).
Dividend and Capital Allocation
Declared 247th consecutive quarterly cash dividend of $0.34 per share, ~6.3% increase year‑on‑year; company signals continued M&A focus with leverage <2x and active acquisition funnel.
Portfolio Simplification and Strategic Repositioning
Company restructured reporting to four segments (Electronics, Aerospace & Defense, Scientific, Engraving & Hydraulics) and continues deliberate portfolio shift toward higher‑growth, higher‑margin engineered solutions.