Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 825

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 2
Chunk 825
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 approximately 300 bps of incremental growth. Sales from fast growth markets are expected to grow approximately 45% year-on-year and exceed $265 million. In fiscal year 2026, the Company is on track to further reduce its net debt to EBITDA ratio, positioning the Company well to fund future organic and inorganic opportunities. 

In general, for fiscal year 2026, we expect:

     ●
      increased exposure to the high growth, high margin electrical grid end market as a result of the Amran/Narayan Group acquisition; 

     ●
      growth of new product sales to continue to accelerate as recently released products continue to ramp and new products slated for release in 2026 enter the market 

     ●
      commercial aviation and defense end markets demand to increase based on current program expectations and new product development; 

     ●
      space markets to remain attractive, with volume to slightly increase from fiscal year 2025 due to new product development for existing customer; 

     ●
      continued stability in hybrid and electric vehicle programs despite softness in general automotive end markets and planned new platform launches; 

      ● 
      scientific cold storage demand to decline due to anticipated effects of NIH funding cuts; 

      ● 
      refuse and dump end markets to remain stable; 

     ●
      stable demand levels in food service equipment markets.  

      20

Electronics

      2025 compared to 2024 

      2024 compared to 2023 

      (in thousands except 

      % 

      % 

      percentages) 
      
      2025 

      2024 

      Change 

      2024 

      2023 

      Change 

      Net sales 
      
     $400,130

     $321,956

      24.3% 

     $321,956

     $305,872

      5.3% 

      Income from operations 
      
     87,927

     64,030

      37.3% 

     64,030

     68,979

      (7.2%) 

      Operating income margin 
      
      22.0% 

      19.9% 

      19.9% 

      22.6% 

Net sales in fiscal year 2025 increased $78.2 million, or 24.3%, when compared to the prior year. Acquisitions added $