Standex International Corporation (NYSE: SXI) reported a 6.4% increase in sales for Q2 FY2025, driven by acquisitions but partially offset by an organic decline. The company achieved its highest sales quarter since divesting its Refrigeration Group in 2020. GAAP gross margin was 37.6%, with an adjusted gross margin of 40.9%, up 60 basis points year-over-year. The GAAP operating margin was 4.5%, while the adjusted operating margin reached a record 18.7%, up 150 basis points year-over-year. The electronics book to bill ratio of 1.02 suggests continued market recovery, with sales into the electrical grid end market expected to boost the second half of FY2025.