Standex sales fall 7.7% in fiscal first quarter as it closes $462 million acquisition
Standex reported fiscal first-quarter 2025 results for the quarter ended September 30, 2024, with net sales down 7.7% to $170.5 million and GAAP diluted EPS down 3.2% to $1.53. On October 28, 2024, it also completed the acquisition of Amran Instrument Transformers and Narayan Powertech Pvt. Ltd. for a combined enterprise value of approximately $462 million, funded partly by a $250 million 364-day term loan, and the company describes it as its largest acquisition in its history.
Key points
- Net sales were $170.5 million, down 7.7% from $184.8 million a year earlier; Electronics and Engraving revenue declined.
- GAAP diluted EPS was $1.53 versus $1.58; adjusted diluted EPS was $1.71 versus $1.74.
- Amran and Narayan acquisitions have a combined enterprise value of approximately $462 million, with cash financed by cash-on-hand, credit facilities and a $250 million term loan.
- For fiscal second quarter 2025, the company expects moderately to significantly higher revenue sequentially, driven by the acquisition.
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.