Standex Expects Slightly To Moderately Higher Revenue In Q4 On A Sequential Basis
Portfolio Pulse from Benzinga Newsdesk
Standex expects a slight to moderate increase in Q4 revenue sequentially, driven by favorable project timing in Engineering Technologies, increased demand in Specialty Solutions, and the Sanyu acquisition. The company also anticipates a higher adjusted operating margin due to sales leverage and productivity actions, reaffirming its $200 million sales target by FY2028.
May 02, 2024 | 9:07 pm
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Standex expects Q4 revenue growth and improved margins from project timing, demand, and Sanyu acquisition, aiming for $200M sales by FY2028.
The positive outlook for Q4 revenue and margins, driven by strategic project timing, increased market demand, and the recent acquisition of Sanyu, suggests a bullish short-term impact on SXI's stock. The reaffirmation of the long-term sales target adds to the positive sentiment, indicating strong future growth prospects.
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