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Headquartered in Salem, New Hampshire, we have six operating segments aggregated into five reportable segments:
−Removed: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.
+Added: Electronics, Engineering Technologies, Scientific, Engraving and Specialty Solutions.
Two operating segments are aggregated into Specialty Solutions.
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(3) expanding geographically where meaningful business opportunities exist;
−Removed: and (4) undertaking strategically aligned acquisitions that strengthen and/or expand these core businesses.
+Added: and (4) undertaking strategically aligned acquisitions that strengthen and/or expand our core businesses.
We direct our investments towards markets with long term, secular growth prospects such as renewable energy, electric vehicles, smart power grid, military and defense and life sciences.
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We use cash flow generated from operations to fund investments in capital assets to upgrade our facilities, improve productivity and lower costs, invest in the strategic growth programs described above, including organic and inorganic growth, and to return cash to our shareholders through payment of dividends and stock buybacks.
+Added: Where appropriate, we use a disciplined approach to leverage, in the form of our unsecured revolving credit facility, to fund important inorganic strategic initiatives.
Please visit our website at www.standex.com to learn more about us or to review our most recent SEC filings.
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Description of Segments
−Removed: Our Electronics group is a global component and value-added solutions provider of both sensing and switching technologies as well as magnetic power conversion components and assemblies.
+Added: Our Electronics group is a global component and value-added solutions provider of sensing and switching technologies, high precision instruments transformers, and high reliability magnetic power conversion and measurement components and assemblies.
Electronics competes on the basis of Customer Intimacy by designing, engineering, and manufacturing innovative solutions, components and assemblies to solve our customers’ application needs through our Partner/Solve/Deliver® approach.
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The end-user of our engineered solution is typically an original equipment manufacturer (“OEM”) or industrial equipment manufacturer.
−Removed: End-user markets include, but are not limited to, appliances, electrification (electric vehicles, solar, smart-grid, alternative energy), security, military, medical, aerospace, test and measurement, power distribution, transportation, and general industrial applications.
−Removed: Business unit names are Standex Electronics, Standex-Meder Electronics, Renco Electronics, Northlake Engineering, Agile Magnetics, Sensor Solutions, Standex Electronics Japan, Minntronix and Sanyu.
+Added: End-user markets include, but are not limited to, appliances, electrification (electric vehicles, solar, smart-grid, alternative energy), military, medical, aerospace, test and measurement, power distribution, security, general industrial applications, and transportation.
+Added: Business unit names are Standex Electronics, Standex-Meder Electronics, Renco Electronics, Northlake Engineering, Agile Magnetics, Sensor Solutions, Standex Electronics Japan, Minntronix, Nascentechnology, Sanyu, Amran Instruments and Narayan Powertech.
Other associated brand names include the MEDER, KENT, and KOFU reed switch brands.
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Sensing based solutions include reed relays, fluid level, proximity, motion, flow, HVAC condensate as well as custom electronic sensors containing our core technologies.
+Added: Our grid technologies products include instrument transformers, current sensors and bushings.
The magnetics or power conversion products include custom wound transformers and inductors for low and high frequency applications, current sense technology, advanced planar transformer technology, value added assemblies, and mechanical packaging.
The business sells globally to a wide variety of mainly OEM customers focused in the end markets noted previously through a direct sales force, regional sales managers, field applications engineers, commissioned agents, representative groups, and distribution channels.
−Removed: Our Engraving group is a global creator and provider of custom textures and surface finishes on tooling that enhance the beauty and function of a wide range of consumer good and automotive products.
+Added: Engineering Technologies
+Added: Our Engineering Technologies Group (ETG) is a provider of innovative, metal-formed solutions for OEM and Tier 1 manufacturers for use in their advanced engineering designs.
+Added: Our solutions seek to address unique customer design challenges such as reduction of input weight, material cost, part count, and complexity involving all formable materials with particular focus on challenge geometries, large thickness to thin-wall construction, and/or single-piece construction requirements.
+Added: Engineering Technologies devises and manufactures these cost-effective components and assemblies by combining a portfolio of best-in-class forming technologies and technical experience, vertically integrated manufacturing processes, and group wide technical and design expertise.
+Added: We intend to grow sales and product offerings by investing in advancements in our current and new technologies and identifying new cutting-edge solutions for these capabilities in existing and adjacent markets via customer and research collaboration.
+Added: Our segment is comprised of our Spincraft businesses with locations in Billerica, MA, New Berlin, WI, and Newcastle upon Tyne in the U.K., and our McStarlite business located in Harbor City, CA.
+Added: Markets and Applications
+Added: Engineering Technologies products serve applications within the space, aviation, defense, energy, medical, and general industrial markets.
+Added: The space market we serve is comprised of components and assemblies for space launch vehicles, engines, crewed and uncrewed spacecraft and other space infrastructure.
+Added: The aviation market offerings include a large portfolio of components for commercial and regional aircraft nacelles, engines, and fuel systems.
+Added: The defense market we serve covers a wide spectrum of applications including components and sub-assemblies for missiles, naval propulsion, and military aircraft nacelle and engine solutions.
+Added: Applications within the energy market include components and assemblies for new and MRO gas turbines, as well as solutions for oil & gas exploration operations.
+Added: Our products are sold under the brands - Spincraft and McStarlite.
+Added: Products and Services
+Added: Fuel tanks and fuel tank domes, rocket engine components, crew vehicle and unmanned spacecraft structures and bulkheads
+Added: Nacelle inlet lipskins & ducts, engine components and fuel tank elements
+Added: Missile nose cones & sub-assemblies, naval propulsion components, exhaust assemblies, and military aircraft engine nacelle & exhaust components
+Added: Power generation turbine & other assemblies, oil & gas exploration connection components
+Added: Engineering Technologies components are sold directly to large space, aviation, defense, energy and medical companies, or suppliers to those companies.
+Added: Our Scientific business specializes in providing specialty temperature-controlled equipment for the medical, scientific, pharmaceutical, biotech, and industrial markets.
+Added: We design and produce these products in Summerville, SC and Bruce Township, MI, ensuring high quality and reliability.
+Added: We offer a range of products in our portfolio that control the temperatures of critical healthcare products, medications, vaccines, and laboratory samples.
+Added: Our focus is on solving customer problems for these critical applications, delivering innovative products and solutions that meet stringent regulatory requirements and the unique needs of our customers.
+Added: Markets and Applications
+Added: The scientific and healthcare equipment that we design, assemble and manufacture is used in hospitals, pharmacies, clinical laboratories, reference laboratories, physicians’ offices, life science laboratories, government and academic facilities, and industrial testing laboratories.
+Added: Our product offerings include:
+Added: Laboratory and medical grade refrigerators, freezers and accessories,
+Added: Cryogenic storage tanks and accessories,
+Added: Blood bank refrigerators and plasma freezers,
+Added: Benchtop and high-capacity controller rate freezers,
+Added: Ultra low temperature freezers, and
+Added: Environmental stability chambers and incubators.
+Added: Our products are sold under various brands including American BioTech Supply (ABS), Lab Research Products (LRP), Corepoint, Cryosafe and CryoGuard, and Custom Biogenic Systems.
+Added: Products and Services
+Added: We manufacture and provide specialty-controlled temperature equipment purpose-built for the medical, scientific, pharmaceutical, biotech and industrial markets.
+Added: Our comprehensive portfolio includes a range of innovative storage solutions for medications, vaccines, blood products, patient samples, biologics and laboratory samples.
+Added: Scientific products are sold to medical and laboratory distributors, healthcare facilities, research universities, pharmaceutical and biotech companies, pharmacies and industrial facilities.
+Added: Our Engraving group is a global creator and provider of custom textures and surface finishes on tooling that enhance the beauty and function of a wide range of consumer good and automotive products as well as production of specialized, differentiated parts requiring our unique capabilities.
We focus on continuing to meet the needs of a changing marketplace by offering experienced craftsmanship while investing in new technologies such as laser engraving and soft surface skin texturized tooling.
Our growth strategy is to continue to develop and/or acquire technologies to enhance surface textures that also allow our customers to introduce more sustainable manufacturing processes and reduce their own energy consumption.
−Removed: We are one company operating in 18 countries using a consistent approach to guarantee harmony on global programs in service of our customers.
+Added: We are operating as one company with global reach, using a consistent approach to guarantee harmony on global programs to serve of our customers.
Markets and Applications
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From start to finish, these services include the design of bespoke textures, the verification of the texture on a prototype, engraving a mold, enhancing and polishing it, and then offering on-site try-out support with ongoing tool maintenance and texture repair capabilities.
−Removed: In addition to these services, we also produce soft trim tooling such as in mold graining (IMG) and nickel shells.
+Added: In addition to these services, we also produce soft trim tooling such as in mold graining (IMG) and nickel shells as well as production of specialized parts requiring deep knowledge of the soft trim manufacturing process.
In addition to the Mold Tech brand, Engraving companies and brands also include:
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Tooling Performance services include the enhancement, finishing and repair of a tool to improve its use during manufacturing.
−Removed: Tool Enhancement services increase the wear resistance of the mold.
−Removed: Processes include advanced tool finishing services, anti-scratch, laser hardening in localized areas, Tribocoat® and Release Coat.
−Removed: Tool Finishing and Repair allows customers to achieve outstanding quality while saving valuable time.
−Removed: These services include laser micro-welding, polishing and lapping, laser cladding to accommodate engineering changes, mold assembly, tool management, maintenance, texture repair and on-site support.
Soft Trim Tooling and nickel shell molds are used to produce soft surfaces that emulate the feel of natural materials.
The IMG process we support consumes significantly less energy in our customers' operations than the traditional slush molding process.
+Added: Our deep knowledge of this process positions us to manufacture certain demanding parts.
The Engraving business has become the global leader providing these products and services by offering a full range of services to automotive OEM’s, product designers, Tier 1 suppliers, and toolmakers all around the world.
−Removed: Our Scientific business specializes in providing specialty temperature-controlled equipment for the medical, scientific, pharmaceutical, biotech, and industrial markets.
−Removed: We design and produce these products in Summerville, SC, ensuring high quality and reliability
−Removed: We offer a range of products in our portfolio that control the temperatures of critical healthcare products, medications, vaccines, and laboratory samples.
−Removed: Our focus is on solving customer problems for these critical applications, delivering innovative products and solutions that meet stringent regulatory requirements and the unique needs of our customers.
−Removed: Markets and Applications
−Removed: The scientific and healthcare equipment that we design, assemble and manufacture is used in hospitals, pharmacies, clinical laboratories, reference laboratories, physicians’ offices, life science laboratories, government and academic facilities, and industrial testing laboratories.
−Removed: Our product offerings include:
−Removed: Laboratory and medical grade refrigerators, freezers and accessories,
−Removed: Cryogenic storage tanks and accessories,
−Removed: Blood bank refrigerators and plasma freezers,
−Removed: Ultra low temperature freezers, and
−Removed: Environmental stability chambers and incubators.
−Removed: Our products are sold under various brands including American BioTech Supply (ABS), Lab Research Products (LRP),Corepoint, Cryosafe and CryoGuard.
−Removed: Products and Services
−Removed: We manufacture and provide specialty-controlled temperature equipment purpose-built for the medical, scientific, pharmaceutical, biotech and industrial markets.
−Removed: Our comprehensive portfolio includes a range of innovative storage solutions for medications, vaccines, blood products, patient samples, biologics and laboratory samples.
−Removed: Scientific products are sold to medical and laboratory distributors, healthcare facilities, research universities, pharmaceutical and biotech companies, pharmacies and industrial facilities.
−Removed: Engineering Technologies
−Removed: Our Engineering Technologies Group (ETG) is a provider of innovative, metal-formed solutions for OEM and Tier 1 manufacturers for use in their advanced engineering designs.
−Removed: Our solutions seek to address unique customer design challenges such as reduction of input weight, material cost, part count, and complexity involving all formable materials with particular focus on large dimensions, large thickness or thin-wall construction, complex shapes and contours, and/or single-piece construction requirements.
−Removed: Engineering Technologies devises and manufactures these cost-effective components and assemblies by combining a portfolio of best-in-class forming technologies and technical experience, vertically integrated manufacturing processes, and group wide technical and design expertise.
−Removed: We intend to grow sales and product offerings by investing in advancements in our current and new technologies and identifying new cutting-edge solutions for these capabilities in existing and adjacent markets via customer and research collaboration.
−Removed: Our segment is comprised of our Spincraft businesses with locations in Billerica, MA, New Berlin, WI, and Newcastle upon Tyne in the U.K.
−Removed: Markets and Applications
−Removed: Spincraft products serve applications within the space, aviation, defense, energy, medical, and general industrial markets.
−Removed: The space market we serve is comprised of components and assemblies for space launch vehicles, engines, crewed and uncrewed spacecraft and other space infrastructure.
−Removed: The aviation market offerings include a large portfolio of components and assemblies for commercial and private aircraft engines, nacelles and fuel systems.
−Removed: The defense market we serve covers a wide spectrum of applications including components for missiles, naval propulsion and structures, large dimension exhaust systems and military aircraft engine solutions.
−Removed: Applications within the energy market include components and assemblies for new and MRO gas turbines, as well as solutions for oil & gas exploration operations.
−Removed: This group's brand name is Spincraft.
−Removed: Products and Services
−Removed: Fuel tanks and fuel tank domes, rocket engine components, crew vehicle and unmanned spacecraft structures and bulkheads
−Removed: Nacelle inlet lipskins & ducts, engine components and fuel tank elements
−Removed: Missile nose cones & structures, naval propulsion components and structures, exhaust assemblies, and military aircraft engine & exhaust components
−Removed: Power generation turbine & other assemblies, oil & gas exploration connection components
−Removed: Engineering Technologies components are sold directly to large space, aviation, defense, energy and medical companies, or suppliers to those companies.
Specialty Solutions
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International Operations
−Removed: International operations are conducted at 42 locations, including Europe, Canada, China, Japan, India, Southeast Asia, Korea and Mexico.
−Removed: See the Notes to Consolidated Financial Statements for international operations financial data.
−Removed: Our net sales from continuing international operation s decreased slightly from 39% in fiscal year 2023 to 38% in fiscal year 2024.
+Added: International operations are conducted at 41 locations, including Europe, Canada, China, Japan, India, Southeast Asia and Mexico.
+Added: See the Notes to C onsolidated Financial Statements for international operations financial data.
+Added: The percentage of our overall net sales from continuing international operations increased from 38% in fiscal year 2024 to 41% in fiscal year 2025 .
International operations are subject to certain inherent risks in connection with the conduct of business in foreign countries including, exchange controls, price controls, limitations on participation in local enterprises, nationalizations, expropriation and other governmental action, restrictions of repatriation of earnings, and changes in currency exchange rates.
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We develop and design new products to meet customer needs in order to offer enhanced products or to provide customized solutions for customers.
−Removed: Developing new and improved products, broadening the application of established products, and continuing efforts to improve our methods, processes, and equipment continues to drive our success.
+Added: Developing new and improved products, broadening the application of established products, and continuing efforts to improve our methods, processes, and equipment continue to drive our success.
Research and development costs are quantified in the Notes to Consolidated Financial Statements.
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Our global Standex Safety Council, which includes representatives from all Standex sites, meets regularly to enhance our safety culture and monitor our Total Recordable Incident Rate.
−Removed: The Chief Human Resources Officer frequently collaborates with the Chief Executive Officer to align Human Capital strategies and initiatives with our business goals.
+Added: The Chief Human Resources Officer frequently collaborates with the Chief Executive Officer and the Executive Leadership Team to align Human Capital strategies and initiatives with our business goals.
We aim to provide a rewarding employee experience across the company by continuously reviewing our Human Capital Resources metrics, such as safety metrics, turnover rates, and culture survey responses.
These reviews help us promote a safe, inclusive, and engaging work environment.
+Added: Our annual Organization and Talent Review is a structured process that supports succession planning and provides visibility into our diverse leadership pipeline.
+Added: It enables us to assess and develop key talent across the organization to ensure strong, future-ready leaders.
Our LEAP performance management and development process emphasizes both manager engagement and employee ownership.
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Insights from these surveys drive senior management’s efforts to continually improve our company culture and operations.
−Removed: In fiscal year 2025, we will implement a Human Capital Management System to further support our commitment to our workforce.
−Removed: This system will enhance our ability to manage and develop our talent, streamline operations enhance employee development and satisfaction ensuring that we continue to provide a rewarding and supportive environment for all employees.
+Added: Action plans are developed and reviewed quarterly, and progress is a key performance indicator for every business annually.
+Added: In fiscal year 2025, we implemented a global Human Capital Management System to further support our commitment to our workforce.
+Added: This system enhances our ability to attract, manage and develop our talent, streamline operations, and improve overall employee satisfaction, providing a platform of standard work, tools, processes and analytics that better enable us to provide a rewarding and supportive environment for all employees.
Standex hosts an annual meeting event in the first quarter of the fiscal year with the extended global leadership team, representative of all our business segments and corporate functions, in which participants join together to align on business and culture goals, participate in leadership development training, share best practices and build unity across the company.
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Additionally, we launched the Women and Leadership Employee Resource Group in fiscal year 2023, aiming to increase the representation of women at all levels, enhancing the company’s success through relationships and partnerships.
−Removed: Work continues to add additional ERGs in partnership with the IAC.
+Added: We continue to explore additional ERGs in partnership with the IAC.
+Added: Standex Cares is our community engagement program that supports local initiatives and charitable activities in the areas where we operate.
+Added: It reflects our commitment to social responsibility and strengthens employee pride and connection through volunteerism and service.
+Added: Together with our focus on safety, talent development, and culture, Standex Cares underscores our broader commitment to investing in our people and the communities we serve.
Executive Officers of Standex
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Various positions of increasing responsibility in IT Audit, finance systems, project management and information systems and with Tyco International and Pentair from 2005 to March 2024 ending as Vice President, Digital Enterprise.
−Removed: Vice President, Chief Accounting Officer of the Company since January 2024.
−Removed: Corporate Controller from September 2021 to January 2024 and Assistant Controller from March 2020 to September 2021.
−Removed: Assistant Controller at Vapotherm, Inc.
−Removed: from 2018 until joining the Company in March 2020.
+Added: Danielle Rangel
+Added: Vice President, Chief Accounting Officer of the Company since May 2025.
+Added: Vice President of Internal Audit and Investigations from May 2023 to May 2025.
+Added: Various positions of increasing responsibility at Pentair, Emerson, and Binks ending as Global Controller until joining the Company in May 2023.
The executive officers are elected each year at the first meeting of the Board of Directors subsequent to the annual meeting of stockholders, to serve for one-year terms of office.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.