Standex International Sees Q2 2024 Slightly Lower Revenue Due To Softness In General Industrial And Appliances End Markets In China And Europe Served By Electronics And Unfavorable Foreign Currency
Portfolio Pulse from Benzinga Newsdesk
Standex International (SXI) expects slightly lower revenue for Q2 2024 due to softness in general industrial and appliances end markets in China and Europe served by electronics and unfavorable foreign currency.

November 02, 2023 | 9:38 pm
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Standex International's Q2 2024 revenue is expected to be slightly lower due to weak demand in China and Europe's industrial and appliances markets and unfavorable foreign currency.
Standex International's revenue is expected to be impacted negatively due to weak demand in the industrial and appliances markets in China and Europe, which are served by electronics. Additionally, unfavorable foreign currency is also expected to contribute to the lower revenue. This news is highly relevant and important for SXI investors as it directly impacts the company's financial performance and could potentially affect its stock price.
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