Standex International Corp (SXI) has announced its fourth-quarter earnings, which, despite a year-over-year decrease, surpassed Wall Street's expectations.
The company's net earnings for the fourth quarter were $19.59 million, or $1.65 per share, compared to $20.17 million, or $1.68 per share, in the same quarter last year.
On an adjusted basis, excluding special items, Standex reported earnings of $20.89 million, or $1.76 per share. This exceeded the analysts' consensus estimate of $1.72 per share, according to data compiled by Thomson Reuters.
Revenue for the quarter declined by 4.3% to $180.194 million, down from $188.327 million in the previous year.
### Standex International Corp Earnings Summary (GAAP):
- **Net Earnings (Q4):** $19.59 million vs. $20.17 million last year
- **Earnings Per Share (EPS) (Q4):** $1.65 vs. $1.68 last year
- **Revenue (Q4):** $180.194 million vs. $188.327 million last year
