Standex International reported first‑quarter fiscal 2026 results, posting net sales of $217.4 million, a 27.6 % year‑over‑year increase. Adjusted operating margin rose to 19.1 %, a 210‑basis‑point improvement over the prior quarter. GAAP operating income reached $29.6 million, while adjusted operating income was $41.6 million. Adjusted EBITDA climbed to $47.1 million. The company paid down $8 million of debt, bringing its net leverage ratio to 2.4×.
Record order intake of $226 million was driven by a 30 % contribution from fast‑growth markets, including electrical grid, defense, and renewable energy. The acquisition of the Amran/Narayan Group, completed in October 2024, contributed more than $35 million in sales in Q1 FY26 and reinforced the company’s position in the electrical grid segment. Over 15 new products slated for 2026 are expected to add approximately 300 bps of growth.
Standex raised its fiscal 2026 revenue outlook by more than $110 million, citing continued momentum in fast‑growth markets and the launch of new products. The company reaffirmed guidance for a 19 % adjusted operating margin and a net leverage ratio of 2.0× by year‑end, supported by ongoing debt repayment and strong cash‑flow generation.
Segment performance shows the Electronics segment, now including the Amran/Narayan Group, accounted for the largest share of revenue growth, while the Engineering Technologies, Scientific, Engraving, and Specialty Solutions segments also contributed to the overall margin expansion. The company’s focus on higher‑margin businesses and cost discipline drove the margin improvement, with pricing power in key markets and a favorable product mix.
CEO John Smith highlighted the company’s accelerated growth trajectory and the successful integration of recent acquisitions. He noted that the record order book and high‑margin focus position Standex to sustain its momentum, while the company remains vigilant about supply‑chain dynamics and competitive pressures in its core markets.
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