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国际公司（SXI）2024年第三季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
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. 报告称，第三季度快速增长的终端市场的销售额为2600万美元，比上年增长9％。
由于短暂的市场疲软，有机增长下降了5.7％。
该公司公布的调整后毛利率接近40％，与上个季度持平。
调整后的合并营业利润率同比增长20个基点至15.4％，其中包括一次性股票补偿费用产生的70个基点的影响。
所有运营部门报告的调整后营业利润率均超过17％，其中三个分部的调整后营业利润率接近或超过20％。
Standex实现了创纪录的第三季度自由现金流1,930万美元。
Business Progress:
业务进展：
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通过收购三宇开关公司扩大了其继电器产品供应。
他们预测，由于有利的项目时机、市场需求的增加以及最近的收购，2024财年第四季度的收入将略有或适度增加。
该公司的目标是到2028财年在快速增长的终端市场实现年销售额2亿美元的目标。
Standex的目标是在2025财年恢复与其长期财务目标一致的有机增长率，预计快速增长市场的销售将超过总体市场的增长。
由于研发投资的增加，计划在2025财年发布几款新产品。
利润状况更好的新产品的推出有望提高利润率。
Standex计划投资研发和销售活动以促进未来的增长，将销售额的3％至3.5％用于研发费用。
该公司表示，在 COVID-19 疫情期间出货的机柜预计将在 2025 年下半年达到典型的更换期，从而进一步促进销售。
More details: Standex International IR
更多详情： Standex 国际 IR
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译文内容由第三方软件翻译。