Record-Breaking Adjusted Margins
Standex achieved a record adjusted gross margin of 42.3% and a record adjusted operating margin of 19.4% in fiscal Q3 2025. Adjusted gross margin increased by 230 basis points year-on-year, while adjusted operating margin increased by 280 basis points year-on-year.
Significant Sales Increase
Total revenue increased by 17.2% year-on-year to $207.8 million, driven by a 26.3% benefit from recent acquisitions, despite an organic revenue decline of 8.1%.
Growth in Fast-Growth Markets
Sales into fast-growing markets increased to 29% of total company sales, primarily driven by electrical grid, commercialization of space, defense applications, and renewable energy.
Successful Acquisitions
The acquisitions of Amran/Narayan and McStarlite have been successful, with Amran/Narayan performing ahead of expectations and contributing significantly to the growth.
Expansion Plans
Standex is planning expansions in India, Europe, and the USA, with a new greenfield site in Europe expected to be operational within six months.
New Product Success
New product sales totaled $13.4 million in fiscal Q3 2025, doubling year-on-year and contributing approximately 3% to top line sales.