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Article: Standex Reports Continued Margin Improvement on 16% Sales Decline in First Quarter Fiscal 2010.(Financial report)
- Article from:
- Journal of Engineering
- Article date:
- November 4, 2009
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Standex International Corporation (NYSE:SXI) reported financial results for the first quarter of fiscal year 2010.
Net sales for the first quarter of fiscal 2010 decreased 15.8% to $152.1 million from $180.7 million in the first quarter of fiscal 2009.
Income from operations for the first quarter of fiscal 2010 increased 21.5% to $13.1 million from $10.8 million in the first quarter of last year. Operating income for the first quarter of 2010 includes a $1.6 million pre-tax restructuring charge related to the closure of two facilities. Operating income for the first quarter of last year includes a $4.3 million pre-tax restructuring expense, related to the ...