Standex International Corp Reveals 17% Drop In Q1 Bottom Line

(RTTNews) - Standex International Corp (SXI) revealed earnings for first quarter that retreated compared to the same period last year.

The company said its profit fell to $14.2 million, or $1.11 per share. This was down from $17.2 million, or $1.34 per share, in last year's first quarter.

Analysts had expected the company to earn $1.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.5% to $179.60 million. This was down from $198.40 million last year.

Standex International Corp earnings at a glance:

-Earnings (Q1): $14.2 Mln. vs. $17.2 Mln. last year. -Earnings Decline (Y-o-Y): -17.4% -EPS (Q1): $1.11 vs. $1.34 last year. -EPS Decline (Y-o-Y): -17.2% -Analysts Estimate: $1.25 -Revenue (Q1): $179.60 Mln vs. $198.40 Mln last year. -Revenue Change (Y-o-Y): -9.5%