Standex International Corporation reported a net sales increase of $69.5 million, or 9.6%, for the fiscal year ending June 30, 2025, reaching $790.1 million compared to $720.6 million in the previous year. The growth was primarily driven by acquisitions, which contributed $123.6 million, or 17.2%, to sales. However, organic sales decreased by $53.8 million, or 7.5%, attributed to economic softness in Europe and North America, particularly affecting the Electronics and Scientific segments. The gross profit margin improved to 39.9% from 39.1% in the prior year, reflecting higher volume and productivity initiatives, despite facing material inflation.
The company undertook several strategic acquisitions during the fiscal year, including McStarlite Co. for $57 million, Nascent Technology Manufacturing for $7.6 million, and the Amran/Narayan Group for approximately $467.5 million. These acquisitions are expected to enhance Standex's capabilities in high-margin markets such as electrical grids and aerospace components. The company also divested its Procon business in early 2023 for $75 million, which allowed for a more focused approach on its core operations.
Operationally, Standex employed approximately 4,100 individuals as of June 30, 2025, with a significant portion of its workforce based in the United States. The company reported a backlog of $245.6 million, a 32.5% increase from the previous year, indicating strong demand for its products. The Electronics segment saw a notable increase in backlog, reflecting the impact of recent acquisitions and ongoing customer engagements. The company also emphasized its commitment to research and development, with expenses amounting to $21.2 million for the fiscal year.
Looking ahead, Standex anticipates revenue growth exceeding $100 million for fiscal year 2026, driven by organic growth in its Electronics and Engineering Technologies segments, as well as contributions from recent acquisitions. The company plans to introduce over fifteen new products, projected to add approximately 300 basis points to growth. Standex aims to maintain its focus on high-growth markets while managing its cost structure effectively to navigate potential economic challenges.
About STANDEX INTERNATIONAL CORP/DE/
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