Standex shares jumped 5.2% in afternoon trading after the industrial manufacturer reported second-quarter results that surpassed Wall Street expectations for revenue and profit. Sales increased 2.8% year-over-year to $228.3 million, and adjusted earnings per share came in at $2.45, beating consensus estimates. Free cash flow reached $40.5 million, a significant increase from the same period last year, though adjusted EBITDA slightly missed analyst forecasts. Investors appeared to focus on the headline beats and strong cash generation, signaling healthy operational performance.
Standex International CorporationSecond-quarter revenue and EPS beat estimates, with strong free cash flow, driving shares up 5.2%.