SALEM, N.H. (AP) — SALEM, N.H. (AP) — Standex International Corp. (SXI) on Thursday reported fiscal fourth-quarter earnings of $20.5 million.
The Salem, New Hampshire-based company said it had net income of $1.69 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $2.45 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.35 per share.
The equipment manufacturing company posted revenue of $228.3 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $226.5 million.
For the year, the company reported profit of $104.6 million, or $8.67 per share. Revenue was reported as $891.6 million.
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