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First Quarter Fiscal 2027 October 30, 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 OUR STRATEGY IS ACCELERATING GROWTH AND EXPANDING MARGINS • Record sales of $232.6 million increased 12.4% organically; Electronics increased 29.5% organically • New product sales grew ~56% to ~$17.4 million; Fast growth markets grew 25% to ~$77.8 million • Record order intake of ~$273 million; Book to Bill of 1.17 • Record adjusted gross margin of 44.4%, up 240 bps YOY • Adjusted operating margin of 20.2%, up 110 bps YOY • Adjusted earnings per share of $2.41, up 21.1% YOY • In Q2 FY27, expect moderately higher revenue and adjusted operating margin on a year-on-year basis and slightly higher revenue and similar adjusted operating margin on a sequential basis • Raising FY27 outlook; expect organic sales to increase >$100 million and total sales to grow high-single digits, versus prior range of mid-to-high single digits • In FY27, expect high-teens growth in adjusted earnings per share • Announced new $100 million share repurchase authorization, effective October 27, 2026 OPERATIONAL EXECUTION DELIVERS HIGHER MARGINS STRATEGIC INVESTMENTS DRIVE ACCELERATING ORGANIC GROWTH STRONG MOMENTUM SUPPORTS A RAISED FY27 OUTLOOK
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4 MULTIPLE INDEPENDENT DRIVERS DELIVERING ROBUST SALES GROWTH $30–35M $10–15M $25–30M $15M $20M $100–115M FY26 Data Centers Grid (Non-DC) Defense New Products General Industrial FY27E Organic Sales Bridge, FY26 to FY27 Data Centers: $30-35M • Primarily driven by data center power demands Grid (Non-DC): $10-15M • Increases in base grid capacity and growing electrification Defense: $25-30M • Participation in PrSM, SM-3 and ATACMS missile programs New Products: $15M • Growth of new product sales outside these growth markets General Industrial: $20M • Recovery in global industrial markets and North America laboratory equipment market Growth Drivers Have a Long Runway Ahead of Them (Other Markets)
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5 Q1 FY27 SUMMARY Standex International Corporation ($ in millions) Q1 FY27 Q1 FY26 Y/Y △% Comments Net sales 232.6 217.4 7.0% Organic growth: 12.4% Acquisitions/Divestitures: (4.4%) F/X: (1.0%) Adjusted operating income 47.0 41.6 13.1% Interest expense 7.2 8.9 (18.9%) Non-op expense / (income) 1.0 (0.3) NM Non-GAAP provision for income taxes 9.5 8.2 16.2% Minority interests 0.0 0.7 NM Adjusted net income from continuing operations 29.3 24.0 21.8% Adjusted EPS 2.41 1.99 21.1% Diluted average shares 12.1 12.0 0.8% Percent of Revenues: Adjusted operating margin 20.2% 19.1% 110 bps Free Cash Flow Data: Cash provided by continuing operations 15.7 16.8 (6.8%) Capital expenditures 6.6 6.4 2.2% Free cash flow 9.1 10.4 (12.3%) First Quarter Ended September 30 ________________________ Note: In millions, except percentages and EPS; some totals will not foot due to rounding.
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ELECTRONICS $ in millions Q1 FY27 Q1 FY26 % Change Revenue 140.5 110.6 27.1% GAAP Operating Income 37.9 28.3 33.9% GAAP OI Margin % 27.0% 25.6% Adjusted Operating Income 41.3 31.9 29.6% Adjusted OI Margin % 29.4% 28.8% YOY Comparison Q2 FY27 Outlook • Sequentially, expect slightly higher revenue and similar adjusted operating margin • Expect double digit organic growth year-on- year Q1 FY27 Summary • Revenue increased due to sales into fast growth markets, strong general industrial markets, and increased new product sales • Adjusted operating income increased due to higher volume and pricing initiatives, partially offset by growth investments and higher variable compensation expenses • Book to bill ratio of 1.23 AEROSPACE & DEFENSE $ in millions Q1 FY27 Q1 FY26 % Change Revenue 31.4 29.9 5.1% GAAP Operating Income 5.8 3.6 61.6% GAAP OI Margin % 18.6% 12.1% Adjusted Operating Income 6.3 5.0 24.6% Adjusted OI Margin % 19.9% 16.8% Q1 FY27 Summary • Revenue increased due to project activity in the space and defense end markets • Adjusted operating income increased reflecting higher volume and project mix YOY Comparison Q2 FY27 Outlook • Sequentially, expect significantly higher revenue and slightly higher adjusted operating margin • Expect double digit organic growth year-on- year 6
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7 SCIENTIFIC Q1 FY27 SummaryYOY Comparison Q2 FY27 Outlook $ in millions Q1 FY27 Q1 FY26 % Change Revenue 19.8 19.5 1.8% GAAP Operating Income 5.6 4.7 19.9% GAAP OI Margin % 28.3% 24.1% Adjusted Operating Income 5.8 4.9 18.7% Adjusted OI Margin % 29.5% 25.3% Q1 FY27 Summary • Revenue increased due to pricing initiatives and slight market recovery • Adjusted operating income increased due to higher sales YOY Comparison Q2 FY27 Outlook • Sequentially, expect similar to slightly higher revenue and similar adjusted operating margin ENGRAVING & HYDRAULICS $ in millions Q1 FY27 Q1 FY26 % Change Revenue 40.9 48.0 (14.9%) GAAP Operating Income 6.4 7.4 (12.5%) GAAP OI Margin % 15.8% 15.3% Adjusted Operating Income 6.7 7.7 (12.8%) Adjusted OI Margin % 16.4% 16.0% • Revenue decreased primarily due to softness in the North American automotive market • Adjusted operating income decreased due to lower volume • Sequentially, expect slightly lower revenue and adjusted operating margin
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8 Q1 FY27 CAPITALIZATION CAPITAL SPENDING AND D&A • $6.6M of CAPEX in Q1 FY27 compared to $6.4M in Q1 FY26 • 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 2.0x • ~$168.5M of available liquidity • In Q2 FY27, expect interest expense between $7M and $7.5M Standex International Corporation ($ in millions) 9/30/2026 6/30/2026 Debt including issuance costs 518.1 518.0 Cash 116.8 178.7 Net (Cash) Debt 401.2 339.2 Net Debt to Capital Ratio 34.0% 30.0% Funded Debt to Capital 40.0% 39.5% TTM Adjusted EBITDA 198.4 194.3 Funded Debt to Adjusted EBITDA per the Credit Facility 2.3x 2.4x Net Debt to Adjusted EBITDA 2.0x 1.8x
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9 KEY TAKEAWAYS • Organic growth of 12.4% in Q1 FY27, with book to bill of 1.17 • Electronics organic growth of 29.5% • Continued momentum from new products and fast growth markets • Raising FY27 sales outlook: Expect organic sales to increase >$100 million and total sales to grow high-single digits, versus prior range of mid-to-high single digits • In FY27, expect high-teens growth in adjusted earnings per share • 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 Q1 FY27 SEGMENT SNAPSHOT ________________________ Note: Some totals will not foot due to rounding. Segment Breakdown (In millions, except percentages) Q1 FY27 Q1 FY26 Y/Y △% Comments Net Sales by Segment Electronics 140.5 110.6 27.1% Organic growth of 29.5%; F/X: (2.4%) Aerospace & Defense 31.4 29.9 5.1% Organic growth of 5.1% Scientific 19.8 19.5 1.8% Organic growth of 1.8% Engraving & Hydraulics 40.9 48.0 (14.9%) Organic decline of 15.7%; F/X: 0.7% Other 0.0 9.5 (100.0%) Divestiture of non-core product line Total 232.6 217.4 7.0% Adjusted Income from Operations by Segment Electronics 41.3 31.9 29.6% Aerospace & Defense 6.3 5.0 24.6% Scientific 5.8 4.9 18.7% Engraving & Hydraulics 6.7 7.7 (12.8%) Other 0.0 2.1 (100.0%) Corporate (13.0) (9.9) 31.1% Total Adjusted Income from Operations 47.0 41.6 13.1% Adjusted Operating Income Margin by Segment Electronics 29.4% 28.8% 60 bps Aerospace & Defense 19.9% 16.8% 310 bps Scientific 29.5% 25.3% 420 bps Engraving & Hydraulics 16.4% 16.0% 40 bps Other NM 21.8% NM Total Adjusted Operating Income Margin 20.2% 19.1% 110 bps
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12 Q1 FY27 REVENUE DRIVERS Q1 FY27 YOY Change % Electronics Aerospace & Defense Scientific Engraving & Hydraulics Other Total Organic 29.5% 5.1% 1.8% (15.7%) 0.0% 12.4% Divestiture 0.0% 0.0% 0.0% 0.0% (100.0%) (4.4%) Acquisitions 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Currency (2.4%) 0.0% 0.0% 0.7% 0.0% (1.0%) Total 27.1% 5.1% 1.8% (14.9%) (100.0%) 7.0% Note: Some totals will not foot due to rounding
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13 Q1 FY27 GAAP TO NON-GAAP INCOME BRIDGE ________________________ Note: In millions, except percentages and EPS; some totals will not foot due to rounding. Pre-tax Net Pre-tax Noncontrolling Net Pre-tax Net Income Tax Income EPS Income Tax Interest (3) Income (1) EPS (2) Income Income EPS Reported - GAAP (4) 32.2$ (7.9)$ 24.2$ 1.99$ 21.0$ (5.2)$ (0.7)$ 15.1$ 1.25$ 53.2% 60.6% 59.6% Add: Restructuring charges 1.0 (0.3) 0.8 0.06 6.0 (1.6) - 4.4 0.37 Purchase accounting - - - - 1.0 (0.2) - 0.8 0.06 Acquisition-related costs 0.4 (0.1) 0.3 0.02 0.4 (0.1) - 0.3 0.02 Amortization of acquired intangibles 4.3 (1.0) 3.3 0.27 4.5 (1.1) - 3.5 0.29 (Gain) loss on sale of business 0.9 (0.2) 0.7 0.06 - - - - - Adjusted 38.8$ (9.5)$ 29.3$ 2.41$ 32.9$ (8.2)$ (0.7)$ 24.0$ 1.99$ 17.7% 21.8% 21.1% Diluted Shares 12,146 12,047 (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 (4) Rounding may impact summation of amounts. Q1 FY27 Q1 FY26 % Change