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Article: Standex Reports First Quarter Fiscal 2006 Financial Results; Announces Major Strategic Initiative; Investment Banker Retained to Identify Potential Buyers for Consumer Products Group Businesses.
- Article from:
- Business Wire
- Article date:
- October 27, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SALEM, N.H. -- Standex International Corporation (NYSE:SXI) today reported financial results for the first quarter of fiscal 2006 ended September 30, 2005. Additionally, the company announced that it has retained an investment banker to identify potential buyers for its Consumer Products Group businesses. These businesses include Standard Publishing, a recognized leader in providing Christian resources and publications; Berean Christian Stores, a Christian book retailer; and Standex Direct, a direct retailer of food products.
--Revenue for the first quarter of fiscal 2006 was $170.4 million, compared with $160.7 million in the first quarter of fiscal 2005. Sales ...