SXI - Standex Positioned For Growth With Solid Balance Sheet And Little Debt
2024-02-14 12:17:41 ET
Summary
- Standex International Corporation reports better-than-expected EPS and announces new acquisitions and restructuring efforts for 2024 and 2025.
- The company is positioned for growth in renewable energy and electric vehicles, with a solid balance sheet and little debt.
- Tariffs and competition are risks, but the stock price shows upside potential.
Standex International Corporation (SXI) recently delivered better than expected EPS Actual, and announced new transactions to be closed in 2024 as well as restructuring efforts for 2024 and 2025. Moreover, with expositions to growing sectors, like renewable energy and electric vehicles, and a solid balance sheet with little debt, Standex will most likely deliver organic and inorganic growth in the coming years. Tariffs and intense competition appear to be risky, and goodwill impairments could happen, however SXI appears to show upside potential in the stock price.
Standex International
Standex International Corporation runs an industrial manufacturing business model, headquartered in Salem, New Hampshire, and excels in diverse markets with six key operating segments: Electronics, Engraving, Scientific, Engineering Technologies, hydraulics, and Specialty Solutions....
Standex Positioned For Growth With Solid Balance Sheet And Little Debt