Q2 2024 Standex International Corp Earnings Call

Contributing sentiments towards policy:

63% : We remain confident in our ability to increase share and accelerate our presence in fast-growing end markets such as industrial automation, smart grid, renewable energy and EV related markets sequentially in fiscal third quarter 2020 for the excess like we expect slightly to moderately higher revenue and slightly higher operating margin from stronger volume and the contribution from the pending acquisition of Sun.
58% : So obviously being impacted by delays in government funding, you're expecting a big increase Q4 just to maybe a little bit more about how much visibility you have on that? David Dunbar
48% : Sequentially, we expect similar revenue reflecting improvement across most end markets, offset by lower defense end market sales caused by delays in government funding and similar to slightly lower operating margin.
42% : This reflected organic revenue decline of 7.4%, partially offset by 1.9% net impact from the recent Electronics acquisition and prior Protocom divestiture and 0.6% benefit from foreign exchange.
41% : Adjusted operating income grew 0.3% on a 5% consolidated revenue decrease year on year, reflecting continued focus on driving margin improvement through OpEx and pricing initiatives.

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