Yahoo Finance Standex International Third Quarter 2024 Earnings: Misses Expectations
Standex International (NYSE:SXI) Third Quarter 2024 Results
Key Financial Results
Revenue: US$177.3m (down 3.8% from 3Q 2023).
Net income: US$15.9m (down 80% from 3Q 2023).
Profit margin: 9.0% (down from 44% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
EPS: US$1.35 (down from US$6.82 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Standex International Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are up 1.2% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Standex International that you need to be mindful of.
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