Earnings Call Summary | Standex International(SXI.US) Q3 2024 Earnings Conference
Earnings Call Summary | Standex International(SXI.US) Q3 2024 Earnings Conference
The following is a summary of the Standex International Corporation (SXI) Q3 2024 Earnings Call Transcript:
以下是Standex國際公司（SXI）2024年第三季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Standex International Corp. reported Q3 sales into fast growth end markets of $26 million, up 9% from the previous year.
There was a decline of 5.7% in organic growth due to transitory market softness.
The firm posted an adjusted gross margin of nearly 40%, in line with the past quarter.
Consolidated adjusted operating margin increased 20 basis points year-on-year to 15.4%, including a 70 basis point impact from a one-time stock compensation charge.
All operating segments reported over 17% adjusted operating margin, with three segments reporting near or over 20%.
Standex achieved record Q3 free cash flow of $19.3 million.
Standex International Corp. 報告稱，第三季度快速增長的終端市場的銷售額爲2600萬美元，比上年增長9％。
由於短暫的市場疲軟，有機增長下降了5.7％。
該公司公佈的調整後毛利率接近40％，與上個季度持平。
調整後的合併營業利潤率同比增長20個點子至15.4％，其中包括一次性股票補償費用產生的70個點子的影響。
所有運營部門報告的調整後營業利潤率均超過17％，其中三個分部的調整後營業利潤率接近或超過20％。
Standex實現了創紀錄的第三季度自由現金流1,930萬美元。
Business Progress:
業務進展：
Standex expanded its relay product offering through the acquisition of Sanyu Switch Company.
They predict slightly or moderately higher revenues for fiscal Q4 2024, due to favorable project timing, increased market demand, and recent acquisitions.
The firm is on target to reach its goal of $200 million in annual sales into fast growth end markets by FY 2028.
Standex aims to return to organic growth rates aligned with their long-term financial objectives in FY 2025, with sales in fast-growing markets expected to outpace general market growth.
Several new products are planned for release in FY 2025 due to increased R&D investments.
The launch of new products with better profit profiles is expected to improve margins.
Standex plans to invest in R&D and sales activities to foster future growth, allocating about 3% to 3.5% of sales towards R&D expenses.
The company stated that cabinets shipped during the COVID-19 pandemic are expected to reach their typical replacement period by the second half of 2025, further boosting sales.
Standex通過收購三宇開關公司擴大了其繼電器產品供應。
他們預測，由於有利的項目時機、市場需求的增加以及最近的收購，2024財年第四季度的收入將略有或適度增加。
該公司的目標是到2028財年在快速增長的終端市場實現年銷售額2億美元的目標。
Standex的目標是在2025財年恢復與其長期財務目標一致的有機增長率，預計快速增長市場的銷售將超過總體市場的增長。
由於研發投資的增加，計劃在2025財年發佈幾款新產品。
利潤狀況更好的新產品的推出有望提高利潤率。
Standex計劃投資研發和銷售活動以促進未來的增長，將銷售額的3％至3.5％用於研發費用。
該公司表示，在 COVID-19 疫情期間出貨的機櫃預計將在 2025 年下半年達到典型的更換期，從而進一步促進銷售。
More details: Standex International IR
更多詳情： Standex 國際 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。