Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 1016

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 6
Chunk 1016
---
,691

     16,672

      Total 
      
     $
     278,475

     $
     245,596

     $
     213,418

     $
     185,296

Total backlog realizable within one year increased $60.3 million, or 32.5% to $245.6 million at June 30, 2025 from $185.2 million at June 30, 2024.  Changes in backlog under 1 year are as follows (in thousands):

      As of June 30, 2025 

      Backlog under 1 year, prior year period 
      
     $
     185,296

      Components of change in backlog: 

      Organic change 

     (10,165)

      Effect of acquisitions 

     70,465

      Backlog under 1 year, current period 
      
     $
     245,596

Segment Analysis (in thousands)

Overall Outlook

Looking forward to fiscal year 2026, barring any unforeseen economic, global trade, or tariff related disruptions, we expect revenue to grow by over $100 million, primarily driven by mid-to-high-single-digit organic growth in Electronics, double-digit organic growth in Engineering Technologies, and the contribution from recent acquisitions. We plan to release over fifteen new products which are projected to contribute 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