Standex International Corporation (NYSE: SXI) reported financial results for the first quarter of fiscal 2027, ending September 30, 2026, which included record sales and raised guidance for the full year. The company reported total net sales of $232.6 million for the quarter, representing a 12.4% year-over-year increase on an organic basis. The Electronics segment led the growth, with organic sales rising 29.5% year-over-year to $140.5 million. The company also noted that sales into fast growth markets reached approximately $78 million this quarter, with management projecting these markets to exceed $315 million in fiscal 2027.
On the bottom line, the company reported GAAP operating income of $40.4 million, up 36.4% year-over-year, resulting in a GAAP operating margin of 17.4%. Adjusted operating income was $47.0 million, yielding an adjusted operating margin of 20.2%, an increase of 110 basis points compared to the prior year. The company’s order intake reached approximately $273 million, resulting in a book-to-bill ratio of 1.17. The Board of Directors authorized a new share repurchase program of up to $100 million on October 27, 2026, replacing the approximately $23.5 million remaining under the prior authorization.
Standex updated its fiscal year 2027 outlook, raising total sales growth expectations to high-single digits from mid-to-high single digits. The company anticipates organic sales to increase by more than $100 million and adjusted earnings per share to grow in the high teens. The company also expects to release more than 20 new products during the fiscal year, which are projected to contribute more than 300 basis points of incremental growth. In terms of capital allocation, the company declared a quarterly cash dividend of $0.36 per share on October 22, 2026, an increase of approximately 5.9% year-over-year, payable to shareholders of record on November 6, 2026.
