SXINYSERefrigeration & Service Industry MachineryUS GAAP · USD

Standex International Corporation

Standex International is a U.S.-based diversified industrial manufacturer organized around five reportable segments: Electronics, Engineering Technologies, Scientific, Engraving, and Specialty Solutions. Its businesses design and manufacture engineered components, custom equipment, and specialized industrial products for commercial and industrial end markets across North America, Europe, and Asia.

Liikevaihto892milj. USD
+12,8 %v/v
Liikevoitto (EBIT)194milj. USD
+106,9 %v/v
EBIT-marginaali21,7%
+9,9 %-yks.v/v
Nettotulos105milj. USD
+87,6 %v/v
Vapaa kassavirta64,4milj. USD
+56,0 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

02004006008001 000milj. USD2021: EBIT 59 milj. USD20212022: EBIT 88 milj. USD20222023: EBIT 171 milj. USD20232024: EBIT 102 milj. USD20242025: 790 milj. USD2025: EBIT 94 milj. USD20252026: 892 milj. USD2026: EBIT 194 milj. USD2026892194
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Electronics components45 %

Sensing, switching, magnetic, and power-conversion components for industrial and OEM applications.

Engineering technologies15 %

Custom hydraulic cylinders and related engineered products for construction, refuse, mining, and material handling.

Scientific equipment10 %

Specialized scientific and laboratory equipment sold into research and technical environments.

Engraving solutions10 %

Precision engraving and related tooling or service solutions for industrial customers.

Specialty solutions20 %

Display cases and other custom products for food merchandising and niche industrial uses.

Asiakkaat

Standex sells primarily to OEMs and industrial customers that need engineered components or custom-built products for specific applications. Its customer base also includes distributors, service organizations, aftermarket repair outlets, dealers, buying groups, government agencies, and end-users in markets such as appliances, electrification, military, medical, aerospace, transportation, and food retail.

OEMs and industrial manufacturers

Buy sensing, switching, magnetic, and hydraulic components for integration into their equipment.

Distributors and service channels

Buy products for resale, maintenance, and aftermarket replacement across multiple end markets.

End-users and dealers

Purchase specialty products such as display cases and replacement components for direct use.

Government and defense

Buy specialized engineered products used in military, defense, and related technical applications.

Strategia

Standex focuses on customer-specific engineered products, using technical expertise and close customer relationships to win niche positions in its end markets. Its strategy emphasizes organic product development, geographic expansion, and acquisitions that add capabilities or exposure to secular growth areas such as electrification, smart grid, renewable energy, military and defense, and life sciences.

Grow in secular end marketsKeskipitkä aikaväli

The company targets applications with long-term demand drivers and technical barriers to entry.

Expand product and application scopeKeskipitkä aikaväli

New products and adjacent applications deepen customer relationships and broaden revenue opportunities.

Pursue strategic acquisitionsLyhyt aikaväli

Acquisitions can add technology, scale, and access to faster-growing markets.

Improve operational efficiencyLyhyt aikaväli

A more efficient cost structure supports competitiveness in fragmented industrial markets.

Maantiede

Standex is headquartered in Salem, New Hampshire and operates a global manufacturing and sales footprint. Its Electronics products are manufactured in the U.S., Mexico, the U.K., Germany, Japan, China, and India, and the company operates in 41 locations outside the United States across Europe, Canada, China, Japan, India, Singapore, Mexico, Turkey, and Malaysia.

Riskit

Standex faces cyclical demand risk because many of its products are tied to industrial capital spending, OEM production, and aftermarket activity. Its global footprint also exposes it to currency swings, tariffs, regulatory changes, and integration risk from acquisitions, while revenue recognition and long-term contract accounting can affect reported timing of results.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Cyclical industrial demand1Global operating and currency risk2China tariffs and sourcing dependence3Acquisition integration risk4Covenant and capital allocation constraints5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Cyclical industrial demandVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Many end markets depend on capital spending, equipment production, and replacement cycles.

    KohdistuuOEMsIndustrial equipmentAftermarket channels
  2. Global operating and currency riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company operates in multiple countries and is exposed to exchange rates, regulations, and tax changes.

    KohdistuuEuropeChinaJapanIndiaMexicoOther non-U.S. locations
  3. China tariffs and sourcing dependenceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company imports components and finished goods from China and may not fully pass through tariff costs.

    Kohdistuu: Manufacturing and sourcing network

  4. Acquisition integration riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Recent and future acquisitions require systems, operations, and customer integration to realize value.

    Kohdistuu: Electronics segment and broader portfolio

  5. Covenant and capital allocation constraintsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Debt covenants can restrict borrowing, acquisitions, asset sales, and dividends.

    Kohdistuu: Revolving credit facility and shareholder returns

Kysy Clarifolta: Standex International Corporation

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Most contracts recognize revenue at shipment, but some custom contracts recognize over time based on estimated costs to complete.

Vaikutus: Can shift revenue and margin between periods

Business combination accounting

Recent acquisitions require fair value allocation of assets and liabilities and may create goodwill and intangibles.

Vaikutus: Can affect amortization, impairment risk, and reported earnings

Pension assumptions

Benefit expense depends on discount rates and expected asset returns.

Vaikutus: Changes can move operating expense and other comprehensive income

Warranty and contract loss estimates

Assurance warranties and loss-making contracts require accruals and judgment.

Vaikutus: Can affect gross margin and liabilities

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

Standex International Corporation (NYSE) – Refrigeration & Service Industry Machine | Analyysi – Clarifo