SALEM, N.H. (AP) — SALEM, N.H. (AP) — Standex International Corp. (SXI) on Thursday reported fiscal fourth-quarter profit of $14.8 million.
The Salem, New Hampshire-based company said it had net income of $1.23 per share. Earnings, adjusted for one-time gains and costs, were $2.28 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share.
The equipment manufacturing company posted revenue of $222 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $214.4 million.
For the year, the company reported profit of $55.8 million, or $4.64 per share. Revenue was reported as $790.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SXI at https://www.zacks.com/ap/SXI
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