Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 597

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 7
Chunk 597
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 law changes did not have a material impact on the Company's financial statements for fiscal 2025.

      19

Capital Expenditures

Our capital spending is focused on growth initiatives, cost reduction activities, and upgrades to extend the capabilities of our capital assets.  In general, we anticipate our capital expenditures over the long-term will be approximately 3% to 5% of net sales. 

During fiscal year 2025, capital expenditures were $28.8 million or 3.6% of net sales, as compared to $20.3 million, or 2.8%, of net sales in the prior year. We expect 2026 capital spending to be between $33 million and $38 million.

Backlog

Backlog includes all active or open orders for goods and services.  Backlog also includes any future deliveries based on executed customer contracts, so long as such deliveries are based on agreed upon delivery schedules. Backlog orders are not necessarily an indicator of future sales levels because of variations in lead times and customer production demand pull systems, with the exception of Engineering Technologies. Customers may delay delivery of products or cancel orders prior to shipment, subject to possible cancellation penalties. Due to the nature of long-term agreements in the Engineering Technologies segment, the timing of orders and delivery dates can vary considerably resulting in significant backlog changes from one period to another. 

Backlog orders are as follows (in thousands): 

      As of June 30, 2025 

      As of June 30, 2024 

      Total 

      Backlog under 

      Total 

      Backlog under 

      Backlog 

      1 year 

      Backlog 

      1 year 

      Electronics 
      
     $
     144,971

     $
     121,276

     $
     107,006

     $
     94,982

      Engineering Technologies 

     91,025

     82,273

     64,592

     50,122

      Scientific 

     3,974

     3,974

     2,646

     2,646

      Engraving 

     22,460

     22,123

     22,483

     20,874

      Specialty Solutions 

     16,045

     15,950

     16,691

     16,672

      Total 
      
     $
     278,475