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Fourth Quarter and Fiscal Year 2026 July 31, 2026 Earnings Call Presentation
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Statements contained in this presentation that are not based on historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terminology such as “should,” “could,” “may,” “will,” “expect,” “believe,” “estimate,” “anticipate,” “intends,” “continue,” or similar terms or variations of those terms or the negative of those terms. There are many factors that affect the Company’s business and the results of its operations and that may cause the actual results of operations in future periods to differ materially from those currently expected or anticipated. These factors include, but are not limited to: our supply chain and the demand for our products and services around the world; materially adverse or unanticipated legal judgments, fines, penalties or settlements; conditions in the financial and banking markets, including fluctuations in exchange rates and the inability to repatriate foreign cash; domestic and international economic conditions, including the impact, length and degree of economic downturns on the customers and markets we serve and more specifically conditions in the electrical grid, automotive, construction, aerospace, transportation, food service equipment, consumer appliance, energy, oil and gas and general industrial markets; lower- cost competition; the relative mix of products which impact margins and operating efficiencies in certain of our businesses; the impact of higher raw material and component costs, particularly steel, certain materials used in electronics parts, petroleum based products, and refrigeration components; the impact of higher transportation and logistics costs, especially with respect to transportation of goods from Asia; an inability to realize the expected cost savings from restructuring activities including effective completion of plant consolidations, cost reduction efforts including procurement savings and productivity enhancements, capital management improvements, strategic capital expenditures, and the implementation of lean enterprise manufacturing techniques; the potential for losses associated with the exit from or divestiture of businesses that are no longer strategic or no longer meet our growth and return expectations; the inability to achieve the savings expected from global sourcing of raw materials and diversification efforts in emerging markets; the impact on cost structure and on economic conditions as a result of actual and threatened increases in trade tariffs; the inability to attain expected benefits from acquisitions and the inability to effectively consummate and integrate such acquisitions and achieve synergies envisioned by the Company; increased costs from acquisitions to improve and coordinate managerial, operational, financial, and administrative systems, including internal controls over financial reporting and compliance with the Sarbanes-Oxley Act of 2002, and other costs related to such systems in connection with acquired businesses; market acceptance of our products; our ability to design, introduce and sell new products and related product components; the ability to redesign certain of our products to continue meeting evolving regulatory requirements; the impact of delays initiated by our customers; our ability to increase manufacturing production to meet demand; and potential changes to future pension funding requirements. For a more comprehensive discussion of these and other factors, see the “Risk Factors” section of the Company’s most recent annual report on Form 10-K filed with the SEC and available on the Company’s website. In addition, any forward-looking statements represent management’s estimates only as of the day made and should not be relied upon as representing management’s estimates as of any subsequent date. While the Company may elect to update forward-looking statements at some point in the future, the Company and management specifically disclaim any obligation to do so, even if management’s estimates change. SAFE HARBOR STATEMENT 2
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3 Q4 AND FY26 RESULTS • In Q4 FY26, Sales of $228.3 million increased 7.7% organically; Electronics increased 12.9% organically • New product sales grew ~43% to ~$23.0 million; Fast growth markets contributed 31% of total sales • Record order intake of ~$270 million; Book to Bill of 1.18; Electronics Book to Bill of 1.27 • In FY26, Sales increased >$100 million and 5.5% organically; Electronics increased 7.5% organically • Record adjusted EPS of $2.45 in Q4 FY26; Record FCF of $35.0 million in Q4 FY26 • Record profit generation in FY26 • Record adjusted gross margin of 42.0% in FY26, up 30 bps YOY • Record adjusted operating margin of 19.4% in FY26, up 30 bps YOY • Record Adjusted EPS of $8.74 in FY26, up 9.6% YOY • In Q1 FY27, on a sequential basis, expect slightly higher revenue and similar adjusted operating margin • In Q1 FY27, on a year-on-year basis, expect moderately higher revenue with high-single digit to low-double digit organic growth and slightly to moderately higher adjusted operating margin • In FY27, expect mid-to-high single digit sales growth with high-single digit to low-double digit organic growth and continued adjusted operating margin expansion OPERATING PERFORMANCE SALES PROFILE OUTLOOK
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4 GRID CAPACITY EXPANSION FUELS SIGNIFICANT OPPORTUNITY 100 156 340 100 CY2024 FY26 Productivity & Automation Croatia Mexico Texas Expansion India Additonal Shifts India Footprint FY30 100 148 40 75 25 60 45 50 ~440 Upside 2.5x - 3x Planned capacity increase by source ($M) • FY26 focus - lean transformations in India, added new shifts in Texas and started Croatia facility • FY27 focus – continue lean, add automation and new shifts in India, ramp capacity in Croatia, start Mexico • FY28 focus – Texas mega facility starts production, continue to ramp Croatia At the time of acquisition Plan in Place to Capture Significant Growth Opportunities in Grid
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5 Q4 FY26 SUMMARY Standex International Corporation ($ in millions) Q4 FY26 Q4 FY25 Y/Y △% Comments Net sales 228.3 222.0 2.8% Organic growth: 7.7% Acquisitions/Divestitures: (4.5%) F/X: (0.4%) Adjusted operating income 45.4 45.8 (0.8%) Interest expense 6.6 9.0 (27.3%) Non-op expense / (income) (1.1) (0.4) 208.6% Non-GAAP provision for income taxes 9.4 8.9 5.3% Minority interests 0.8 0.7 24.8% Adjusted net income from continuing operations 29.7 27.5 7.8% Adjusted EPS 2.45 2.28 7.4% Record adjusted EPS Diluted average shares 12.1 12.1 0.0% Percent of Revenues: Q4 FY25 Q4 FY25 Y/Y △% Adjusted operating margin 19.9% 20.6% (70 bps) Free Cash Flow Data: Cash provided by continuing operations 40.5 33.4 21.2% Capital expenditures 5.5 8.6 (35.6%) Free cash flow 35.0 24.9 40.7% Record FCF Fourth Quarter Ended June 30 ________________________ Note: In millions, except percentages and EPS; some totals will not foot due to rounding.
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ELECTRONICS $ in millions Q4 FY26 Q4 FY25 % Change Revenue 129.1 115.2 12.1% GAAP Operating Income 31.6 28.0 12.9% GAAP OI Margin % 24.5% 24.3% Adjusted Operating Income 35.1 32.9 6.7% Adjusted OI Margin % 27.2% 28.5% YOY Comparison Q1 FY27 Outlook • Sequentially, expect slightly higher revenue and moderately higher adjusted operating margin • Expect double digit organic growth year-on- year Q4 FY26 Summary • Revenue increased due to organic growth • Adjusted operating income increased due to higher volume and pricing initiatives, partially offset by growth investments and unfavorable mix from transitory operational issues in the Edge business • Book to bill ratio of 1.27 AEROSPACE & DEFENSE $ in millions Q4 FY26 Q4 FY25 % Change Revenue 37.9 32.0 18.3% GAAP Operating Income 8.1 4.3 88.4% GAAP OI Margin % 21.4% 13.5% Adjusted Operating Income 8.5 5.9 44.8% Adjusted OI Margin % 22.5% 18.4% Q4 FY26 Summary • Revenue increased due to organic growth • Adjusted operating income increased reflecting higher volume and project mix YOY Comparison Q1 FY27 Outlook • Sequentially, expect moderately lower revenue and adjusted operating margin • Expect double digit organic growth year-on- year 6
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7 SCIENTIFIC Q4 FY26 SummaryYOY Comparison Q1 FY27 Outlook $ in millions Q4 FY26 Q4 FY25 % Change Revenue 18.8 17.9 5.0% GAAP Operating Income 5.2 4.1 25.6% GAAP OI Margin % 27.4% 22.9% Adjusted Operating Income 5.4 4.3 23.9% Adjusted OI Margin % 28.6% 24.3% Q4 FY26 Summary • Revenue increased due to organic growth from pricing initiatives and slight market recovery • Adjusted operating income increased due to higher sales and tariff refunds YOY Comparison Q1 FY27 Outlook • Sequentially, expect moderately higher revenue and similar adjusted operating margin ENGRAVING & HYDRAULICS $ in millions Q4 FY26 Q4 FY25 % Change Revenue 42.4 47.0 (9.7%) GAAP Operating Income 6.4 7.0 (7.9%) GAAP OI Margin % 15.2% 14.9% Adjusted Operating Income 6.7 7.4 (8.5%) Adjusted OI Margin % 15.8% 15.7% • Revenue decreased due to organic decline and foreign currency impact • Adjusted operating income decreased due to lower volume • Sequentially, expect slightly to moderately higher revenue and similar to slightly higher adjusted operating margin
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8 Q4 FY26 CAPITALIZATION CAPITAL SPENDING AND D&A • $5.5M of CAPEX in Q4 FY26 compared to $8.6M in Q4 FY25 • CAPEX expected to be between $45M to $55M in FY27, primarily due to Grid growth investments • Expect depreciation between $18M and $20.5M in FY27 • Expect amortization between $10.5M and $12.5M in FY27 FAVORABLE LIQUIDITY PROFILE • Net debt to Adj. EBITDA of 1.8x • ~$148M of available liquidity • In Q1 FY27, expect interest expense of approximately $7M Standex International Corporation ($ in millions) 6/30/2026 3/31/2026 Debt including issuance costs 518.0 472.8 Cash 178.7 103.7 Net (Cash) Debt 339.2 369.1 Net Debt to Capital Ratio 30.1% 32.3% Funded Debt to Capital 39.7% 38.0% TTM Adjusted EBITDA 188.2 195.0 Funded Debt to Adjusted EBITDA per the Credit Facility 2.4x 2.2x Net Debt to Adjusted EBITDA 1.8x 1.9x
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9 KEY TAKEAWAYS • Organic growth of 7.7% in Q4 FY26, with book to bill of 1.18 • Electronics organic growth of 12.9% • Aerospace & Defense organic growth of 18.4% • Continued momentum from new products and fast growth markets • Expect sales to grow mid-to-high single digits in FY27, driven by high- single digit to low-double digit organic growth, and continued adjusted operating margin expansion • Considering the Federal Industries divestiture, we expect to be on track to achieve >$1.1B in sales and >23% adjusted operating margin by the end of FY28
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APPENDIX
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11 Q4 FY26 SEGMENT SNAPSHOT ________________________ Note: Some totals will not foot due to rounding. Segment Breakdown (In millions, except percentages) Q4 FY26 Q4 FY25 Y/Y △% Comments Net Sales by Segment Electronics 129.1 115.2 12.1% Organic growth of 12.9%; F/X: (0.8%) Aerospace & Defense 37.9 32.0 18.3% Organic growth of 18.4% Scientific 18.8 17.9 5.0% Organic growth of 5.0% Engraving & Hydraulics 42.4 47.0 (9.7%) Organic decline of 9.6%; F/X: (0.1%) Other 0.0 9.9 (100.0%) Divestiture of non-core product line Total 228.3 222.0 2.8% Adjusted Income from Operations by Segment Electronics 35.1 32.9 6.7% Aerospace & Defense 8.5 5.9 44.8% Scientific 5.4 4.3 23.9% Engraving & Hydraulics 6.7 7.4 (8.5%) Other 0.0 2.1 (100.0%) Corporate (10.3) (6.8) 52.1% Total Adjusted Income from Operations 45.4 45.8 (0.8%) Adjusted Operating Income Margin by Segment Electronics 27.2% 28.5% (140 bps) Aerospace & Defense 22.5% 18.4% 410 bps Scientific 28.6% 24.3% 440 bps Engraving & Hydraulics 15.8% 15.7% 20 bps Other NM 21.2% NM Total Adjusted Operating Income Margin 19.9% 20.6% (70 bps)
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12 Q4 FY26 REVENUE DRIVERS Q4 FY26 YOY Change % Electronics Aerospace & Defense Scientific Engraving & Hydraulics Other Total Organic 12.9% 18.4% 5.0% (9.6%) 0.0% 7.7% Divestiture 0.0% 0.0% 0.0% 0.0% (100.0%) (4.5%) Acquisitions 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Currency (0.8%) 0.0% 0.0% (0.1%) 0.0% (0.4%) Total 12.1% 18.3% 5.0% (9.7%) (100.0%) 2.8% Note: Some totals will not foot due to rounding
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13 FY26 SEGMENT SNAPSHOT Note: Some totals will not foot due to rounding Segment Breakdown ($ in millions) FY26 FY25 Y/Y △% Comments Net Sales by Segment Electronics 475.0 400.1 18.7% Organic growth of 7.5%; Acquisitions: 11.1%; F/X: (0.1%) Aerospace & Defense 135.0 102.6 31.6% Organic growth of 14.1%; Acquisitions: 17.1%; F/X: 0.4% Scientific 75.7 72.4 4.7% Organic decline of 2.0%; Acquisitions: 6.6% Engraving & Hydraulics 182.3 179.3 1.7% Organic decline of 0.2%; F/X: 1.9% Other 23.5 35.7 (34.3%) Organic growth of 1.6%; Divestiture: (35.9%) Total 891.6 790.1 12.8% Adjusted Income from Operations by Segment Electronics 135.3 110.9 22.0% Aerospace & Defense 25.9 18.7 38.7% Scientific 19.0 18.4 2.8% Engraving & Hydraulics 28.5 26.6 7.1% Other 4.0 7.3 (44.7%) Corporate (39.5) (31.4) 25.7% Total Adjusted Income from Operations 173.3 150.6 15.1% Adjusted Operating Income Margin by Segment Electronics 28.5% 27.7% 80 bps Aerospace & Defense 19.2% 18.2% 100 bps Scientific 25.0% 25.5% (50 bps) Engraving & Hydraulics 15.7% 14.9% 80 bps Other 17.2% 20.5% (330 bps) Total Adjusted Operating Income Margin 19.4% 19.1% 30 bps
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14 TOTAL FY26 REVENUE DRIVERS FY26 YOY Change % Electronics Aerospace & Defense Scientific Engraving & Hydraulics Other Total Organic 7.5% 14.1% (2.0%) (0.2%) 1.6% 5.5% Divestiture 0.0% 0.0% 0.0% 0.0% (35.9%) (1.6%) Acquisitions 11.1% 17.1% 6.6% 0.0% 0.0% 8.5% Currency (0.1%) 0.4% 0.0% 1.9% 0.0% 0.5% Total 18.7% 31.6% 4.7% 1.7% (34.3%) 12.8% Note: Some totals will not foot due to rounding
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15 Q4 FY26 GAAP TO NON-GAAP INCOME BRIDGE ________________________ Note: In millions, except percentages and EPS; some totals will not foot due to rounding. Pre-tax Noncontrolling Net Pre-tax Noncontrolling Net Pre-tax Net Income Tax Interest (3) Income (1) EPS (2) Income Tax Interest (3) Income (1) EPS Income Income EPS Reported - GAAP 32.1$ (8.5)$ (3.1)$ 20.5$ 1.69$ 26.1$ (10.6)$ (0.7)$ 14.8$ 1.23$ 23.1% 38.6% 37.4% Add: Restructuring charges 2.8 (0.6) - 2.1 0.18 2.9 (0.5) - 2.4 0.20 Purchase accounting - - - - - 2.4 (0.4) - 2.0 0.17 Acquisition-related costs 0.5 (0.1) - 0.4 0.03 1.0 (0.2) - 0.8 0.07 Amortization of acquired intangibles 4.3 (1.0) - 3.3 0.27 4.6 (0.7) - 3.9 0.32 Lititgation charge 0.5 (0.1) - 0.3 0.03 - - - - (Gain) loss on sale of business (0.2) (0.1) - (0.3) (0.03) - - - - Change of redeemable noncontrolling interest to redemption value per the acquisition agreement 2.2 - - 2.2 0.19 - - - - Less: Discrete tax Items - 1.1 - 1.1 0.09 - 3.5 - 3.5 0.29 Adjusted 42.2$ (9.4)$ (3.1)$ 29.7$ 2.45$ 37.1$ (8.9)$ (0.7)$ 27.5$ 2.28$ 13.7% 5.5% 7.5% Diluted Shares 12,121 12,076 (1) Net income attributable to Standex International (2) Diluted earnings per share from continuing operations attributable to Standex (3) Net income attributable to redeemable noncontrolling interest Q4 FY26 Q4 FY25 % Change