Standex International Corporation (SXI): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind Standex International Corporation (SXI), a global industrials company? Founded in 1955, Standex has navigated numerous market cycles and today stands as one of the few companies listed on the New York Stock Exchange since 1965. Keep reading to discover how Standex operates across five key segments, generating a trailing 12-month revenue of $718 million as of December 2024, and how it continues to evolve through strategic acquisitions and a commitment to innovation.

Standex International Corporation (SXI) History

Standex International Corporation Founding Timeline

Year established

The company was established in 1955.

Original location

The original location of Standex International Corporation was in Salem, New Hampshire.

Founding team members

The founding team members included Daniel E. Hogan, who served as the first president, and John Bolten, Jr., who was the first chairman.

Initial capital/funding

Initially capitalized with $20,000, the company was originally named Standard Electronic Corporation.

Standex International Corporation Evolution Milestones

Standex International Corporation Transformative Moments

• Strategic Diversification: Standex's shift from its original focus on electronics into a diversified industrial conglomerate marked a pivotal change. This was achieved through strategic acquisitions in areas like engraving, commercial food service equipment, hydraulics, and scientific solutions.
• Global Expansion: The company's evolution into an international corporation significantly broadened its market reach and revenue streams. This expansion included establishing manufacturing and sales operations in key regions around the world.
• Focus on High-Margin Businesses: Standex has strategically divested non-core assets, such as the Fastener Division in 2006, to concentrate on sectors with higher growth potential and profitability.
• Operational Excellence and Lean Manufacturing: Implementing lean manufacturing principles across its various business units has improved efficiency, reduced costs, and enhanced product quality.
• Technological Innovation: Investing in research and development to introduce innovative products and solutions in its core markets has helped Standex maintain a competitive edge. For example, advancements in electronic components and hydraulic systems have strengthened its market position.

You might be interested in Exploring Standex International Corporation (SXI) Investor Profile: Who’s Buying and Why?

Standex International Corporation (SXI) Ownership Structure

Standex International Corporation operates as a publicly traded company, meaning its ownership is distributed among public shareholders. A variety of institutional investors, mutual funds, and individual shareholders own the company’s stock.

Standex International Corporation’s Current Status

Standex International Corporation is a public company, trading on the New York Stock Exchange (NYSE) under the ticker symbol SXI. As a publicly held entity, it is subject to regulatory requirements and reporting standards set forth by the U.S. Securities and Exchange Commission (SEC).

Standex International Corporation’s Ownership Breakdown

The ownership of Standex International Corporation is distributed among various shareholders, including institutional investors, mutual funds, and individual investors. Here’s an overview:

Standex International Corporation’s Leadership

The leadership team of Standex International Corporation is responsible for the strategic direction and operational management of the company. Key figures include:

• David Dunbar: Chairman, President and Chief Executive Officer
• Ademir Sarcevic: Vice President and Chief Financial Officer

These individuals, along with other executive leaders, guide the company’s business segments and overall performance. For more detailed insights into Standex International Corporation, explore this resource: Exploring Standex International Corporation (SXI) Investor Profile: Who’s Buying and Why?

Standex International Corporation (SXI) Mission and Values

Standex International Corporation aims to deliver innovative solutions through its various segments, guided by a commitment to integrity and customer satisfaction. The company's values emphasize collaboration, continuous improvement, and a focus on creating long-term value for its stakeholders.

Standex International Corporation's Core Purpose

Official mission statement

Standex’s mission is to provide diverse solutions, which include:

• Food Service Equipment: Providing customized solutions and consistent performance.
• Engraving: Offering precision engineered solutions.
• Electronics: Delivering application-specific solutions.
• Engineering Technologies: Providing custom solutions for highly engineered applications.
• Scientific: Delivering enabling solutions.

More information about Standex International Corporation (SXI) mission and vision can be found here: Mission Statement, Vision, & Core Values of Standex International Corporation (SXI).

Vision statement

Standex’s vision is focused on:

• Profitable growth through innovation.
• Operational excellence.
• Strategic capital allocation.

Company slogan/tagline

Standex doesn't have a widely publicized official slogan or tagline. However, the company's focus on 'diverse solutions' and 'precision engineered solutions' encapsulates its approach to meeting varied customer needs across its segments.

Standex International Corporation (SXI) How It Works

Standex International Corporation operates through five segments, offering a diverse range of products and services to various markets. These segments include Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.

Standex International Corporation's Product/Service Portfolio

Standex International Corporation's Operational Framework

Standex International Corporation’s operational framework is characterized by a focus on:

• Customer-Centric Approach: Standex prioritizes understanding and meeting the unique needs of its diverse customer base across various industries.
• Engineering Expertise: With a strong emphasis on engineering and design capabilities, Standex delivers customized solutions that address specific customer challenges and requirements.
• Operational Efficiency: Standex focuses on streamlining its manufacturing processes, optimizing supply chain management, and implementing lean principles to enhance productivity and reduce costs.
• Quality Assurance: Standex maintains rigorous quality control standards throughout its operations to ensure the reliability, durability, and performance of its products and services.
• Global Footprint: Standex operates manufacturing facilities and sales offices in multiple countries, allowing it to serve customers worldwide and capitalize on global market opportunities.

Standex International Corporation's Strategic Advantages

Standex International Corporation maintains several strategic advantages that contribute to its market success:

• Diversified Product Portfolio: Standex offers a wide array of products and services across multiple segments, reducing its reliance on any single market or industry.
• Customization Capabilities: Standex's ability to provide tailored solutions that meet specific customer needs sets it apart from competitors offering standardized products.
• Strong Market Presence: With a well-established presence in key markets and industries, Standex benefits from brand recognition, customer loyalty, and long-standing relationships.
• Innovation and Technology: Standex continuously invests in research and development to develop innovative products and technologies that address evolving customer demands and market trends.
• Experienced Management Team: Standex is led by a seasoned management team with a proven track record of driving growth, improving profitability, and creating shareholder value.

To gain more insights into the company's financial performance, consider exploring: Breaking Down Standex International Corporation (SXI) Financial Health: Key Insights for Investors

Standex International Corporation (SXI) How It Makes Money

Standex International operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. Each segment contributes to the company's overall revenue by providing specialized products and services to various industries.

Standex International's Revenue Breakdown

Standex International's Business Economics

Standex International's business economics are shaped by several key factors that influence its profitability and market position:

• Pricing Strategies: Standex employs a mix of cost-plus and value-based pricing strategies across its segments. In the Electronics segment, pricing is often competitive, reflecting market conditions and component costs. The Engraving segment benefits from value-based pricing due to the precision and customization required.
• Economic Drivers: The demand for Standex's products and services is closely tied to broader economic trends and specific industry needs. For instance, the Electronics segment benefits from the growth in the semiconductor and telecommunications industries. The Engraving segment sees demand fluctuate with manufacturing and branding activities.
• Cost Structure: Standex manages its cost structure through operational efficiencies and strategic sourcing. The company focuses on reducing manufacturing costs and optimizing its supply chain to maintain competitive pricing. Research and development investments are also crucial, particularly in the Electronics and Scientific segments, to drive innovation and product differentiation.

Standex International's Financial Performance

Standex International's financial performance is characterized by consistent revenue growth and strategic investments aimed at enhancing profitability.

• Revenue: For the fiscal year 2024, Standex International reported revenue of $636.4 million, reflecting a 2.4% decrease compared to the prior year.
• Gross Profit: The company's gross profit for fiscal year 2024 was $216.4 million, or 34.0% of revenue.
• Net Income: Standex reported net income of $27.4 million for fiscal year 2024, compared to $37.5 million in the previous year.
• Earnings Per Share (EPS): Diluted earnings per share were $2.13 in fiscal year 2024, down from $2.91 in fiscal year 2023.
• Strategic Investments: Standex continues to invest in research and development, particularly within its Electronics and Scientific segments, to foster innovation and maintain a competitive edge. These investments are aimed at developing new products and technologies that can drive future growth.

For insights into the company's core values, see: Mission Statement, Vision, & Core Values of Standex International Corporation (SXI).

Standex International Corporation (SXI) Market Position & Future Outlook

As of April 2025, Standex International Corporation is strategically positioned to leverage its diverse portfolio and operational efficiencies to drive future growth. The company aims to capitalize on emerging market trends while navigating potential challenges to enhance shareholder value. More information about the company's values can be found here: Mission Statement, Vision, & Core Values of Standex International Corporation (SXI).

Competitive Landscape

Opportunities & Challenges

Industry Position

Standex International maintains a solid position within its key industries, leveraging its specialized expertise and customer-focused approach.

• The company is recognized for its engineering capabilities and ability to provide customized solutions.
• Standex's diverse portfolio helps mitigate risks associated with specific market segments.
• Strategic initiatives focus on operational efficiency and innovation to drive long-term growth.