Standex Q4 FY24 sales fall 4.3% to $180.2 million; adjusted EPS flat at $1.76
Standex reported fiscal fourth-quarter 2024 results (quarter ended June 30, 2024) in a press release furnished under Item 2.02. Net sales fell 4.3% to $180.2 million, while adjusted diluted EPS was flat at $1.76 and GAAP diluted EPS slipped to $1.66 from $1.68. For full fiscal 2024, the company reported record adjusted EPS of $7.01 and said it expects similar to slightly higher revenue in the first quarter of fiscal 2025.
- Q4 FY24 net sales were $180.2 million, down 4.3% from $188.3 million a year earlier
- Q4 FY24 adjusted diluted EPS was $1.76, flat year over year; GAAP diluted EPS was $1.66 versus $1.68
- Full-year FY24 adjusted diluted EPS was $7.01, up 4.6% from $6.70, and free cash flow from continuing operations was $73.0 million
- Q1 FY25 outlook: similar to slightly higher sales on a sequential basis; Electronics backlog realizable in under one year was about $95 million, down 27%