Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 34

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 1
Chunk 34
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 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 $104.4 million, or 32.4% to net sales in 2025. Organic sales decreased by $26.8 million, or 8.3%, due to general market softness in Europe and North America. Declines occurred across most markets, particularly industrial applications, transportation and utilities. The foreign currency impact increased sales by $0.6 million, or 0.2%. The Amran Narayan acquisition took place in 2025 while the 2024 acquisitions included Minntronix, Sanyu and SEPL.

Income from operations in the fiscal year 2025 increased $23.9 million, or 37.3%, when compared to the prior year. Acquisitions contributed $25.8 million income from operations. Pricing, and productivity initiatives, and favorable product mix were partially offset by lower core volume.

Net sales in fiscal year 2024 increased 16