Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 83

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 1
Chunk 83
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,106 
             
 Total revenue by product line  $790,107  $720,635  $741,048 

   The following table presents revenue from continuing operations disaggregated by geography based on company’s locations (in thousands):

       Year Ended  
 Net sales   June 30, 2025    June 30, 2024    June 30, 2023  
 United States  $467,339  $444,373  $449,820 
 Asia Pacific   194,035   130,423   130,130 
 EMEA (1)   119,610   132,306   144,672 
 Other Americas   9,123   13,533   16,426 
 Total  $790,107  $720,635  $741,048 

   (1)  EMEA consists primarily of Europe, Middle East and S. Africa.

       42

   The following table presents revenue from continuing operations disaggregated by timing of recognition (in thousands):

       Year Ended  
 Timing of Revenue Recognition   June 30, 2025    June 30, 2024    June 30, 2023  
 Products and services transferred at a point in time  $701,806  $642,133  $668,633 
 Products transferred over time   88,301   78,502   72,415 
 Net sales  $790,107  $720,635  $741,048 

   Contract Balances
    
   Contract assets represent sales recognized in excess of billings related to work completed but not yet shipped for which revenue is recognized over time. Contract assets are recorded as prepaid expenses and other current assets. Contract liabilities are customer deposits for which revenue has not been recognized. Current contract liabilities are recorded as accrued liabilities.
    
   The timing of revenue recognition, invoicing and cash collections results in billed receivables, contract assets and contract liabilities on the consolidated balance sheets.
    
   When consideration is received from a customer prior to transferring goods or services to the customer under the terms of a contract, a contract liability is recorded.  Contract liabilities are recognized as revenue after control of the goods and services are transferred to the customer and all revenue recognition criteria have been met.
    
   The following table provides information about contract assets and liability