Standex Expects High-Single-Digit Sales Growth in Fiscal 2027

Standex International Corporation expects sales to grow at a high-single-digit rate in fiscal 2027, with high-teens adjusted earnings per share growth, after posting record first-quarter sales. Fiscal first-quarter sales were about $233 million, with double-digit organic growth. The Electronics segment grew organically by nearly 30%, and order intake also reached a record. Standex expects data centers to account for about 30% of more than $100 million in organic growth this fiscal year. The company is expanding grid capacity and expects production from Croatia to begin shipping within the quarter, followed by a stronger ramp in fiscal third and fourth quarters.

Source: TokenPost