Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 495

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 5
Chunk 495
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 Procon in the third quarter of fiscal year 2023 negatively impacted the group by $21.3 million, or 16.7%. 

Income from operations for fiscal year 2024 decreased $5.7 million, or 22.6%, when compared to the prior year. The decrease is due to the Procon divestiture and lower volume in the Display Merchandising and Hydraulics business, partially offset by improved operating performance in the Display Merchandising business. 

Corporate, Restructuring and Other

      2025 compared to 2024 

      2024 compared to 2023 

      (in thousands except 

      % 

      % 

      percentages) 
      
      2025 

      2024 

      Change 

      2024 

      2023 

      Change 

      Corporate - Income from operations 
      
      $ (31,427) 

      $ (32,183) 

      (2.3%) 

      $ (32,183) 

      $ (35,207) 

      (8.6%) 

      Gain (loss) on sale of business 
      
      - 

      $ 274 

      (100.0%) 

      274 

      62,105 

      (99.6%) 

      Restructuring costs 
      
      (6,903) 

      $ (8,206) 

      (15.9%) 

      (8,206) 

      (3,831) 

      114.2% 

      Acquisition related costs 
      
      (21,434) 

      $ (2,622) 

      717.5% 

      (2,622) 

      (557) 

      370.7% 

      Other operating income (expense), net 
      
      - 

      $ (110) 

      (100.0%) 

      (110) 

      611 

      (118.0%) 

Corporate expenses in fiscal year 2025 decreased $0.8 million, or 2.3%, when compared to the prior year, primarily due to reduction in incentive compensation. 

Corporate expenses in fiscal year 2024 decreased $3.0 million, or 8.6%, when compared to the prior year. Corporate expenses in fiscal year 2024 reflect reductions