Standex International Corp.

Standex International Corp.

Standex International Corp.

Overview
Date Founded

1955

Headquarters

11 KEEWAYDIN DRIVE, SALEM, NH, 03079

Type of Company

Public

Employees (Worldwide)

5,000

Industries

Industrial Machinery & Manufacturing
Other Manufacturing

Company Description

Standex International Corp. manufactures products and services for commercial and industrial markets. It operates through the following segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics. The Food Service Equipment segment is engaged in the provision of refrigeration, display merchandising and component pumps for the commercial food service and life sciences markets. The Engraving segment creates textures and surface finishes on tooling to enhance the beauty and function of a wide range of consumer goods and automotive products. The Engineering Technologies segment offers net and near net formed single-source customized solutions in the manufacture of engineered components for the aviation, aerospace, defence, energy, industrial, medical, marine, oil and gas, and manned and unmanned space markets. The Electronics segment relates to the manufacture and sale of electronic components for applications throughout the end-user market spectrum. The Hydraulics segment pertains to manufacturing and selling of single and double-acting telescopic and piston rod hydraulic cylinders. The company was founded by John Bolten in 1955 and is headquartered in Salem, NH.

Contact Data
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Executives & Employees

Chief Executive Officer

Chairman, President & Chief Executive Officer

Corporate Governance Officer & Assistant Secretary

Chief Financial Officer, Treasurer & Vice President

Secretary, Chief Legal Officer & Vice President

Chief Accounting Officer & Assistant Treasurer

Tax Director

Vice President, Human Resources

Vice President, Operational Excellence to Management

Vice President, Operations & Supply Chain

Board of Directors

President & Chief Executive Officer at Standex International Corp.

Vice President at Kay Chemical Company

Former Senior Vice President & General Manager-Residential & Wiring Device Business at Eaton Corporation

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Owners & Shareholders
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Copeland Capital Management (CCM) manages dividend growth investment strategies across all capitalization ranges in traditional, tactical, international and alternative products. Their strategies are available as separate accounts, manager models, mutual funds, and hedge funds.CCM's domestic dividend growth strategies include Large-Cap, Mid-Cap, SMID-Cap, Small-Cap, Micro-Cap, All-Cap Risk-Managed, Large-Cap Relative Value, and Fixed Income/Balanced. Copeland's international dividend growth strategies include: International Risk-Managed, International All-Cap, International Small-Cap, and Global Equity.Copeland manages the Copeland Trust, a registered investment company consisting of the Copeland Risk Managed Dividend Growth Fund, the Copeland International Risk Managed Dividend Growth Fund, and the Copeland SMID-Cap Dividend Growth Fund. They also manage the Katama Capital Fund LP, a hedge fund. In addition, the firm provides investment supervisory services on a discretionary basis to clients under various wrap fee programs.

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CSC uses the fundamental analysis method in formulating their investment advice and/or managing client assets. They attempt to measure the intrinsic value of a security by looking at economic and financial factors which include, but are not limited to, the overall economy, industry conditions, and the financial condition and management of the company itself to assess in our opinion if a security is underpriced relative to its market value. If the firm assesses that the company is underpriced relative to their estimate of intrinsic value, they are potential buyers. If it is overpriced, the firm will not make a purchase or may sell the security if they own it. CSC uses the following investment strategies in managing client accounts: small cap value; small cup plus; small cap focus; all cap value; and strategic value.

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Wilen Investment Management Corp. manages investment advisory accounts through the purchase and sale of stocks, bonds, notes, warrants and other securities. In addition, the firm may exercise conversion or redemption privileges pertaining to the securities held in their clients' accounts. Wilen is strongly inclined to equity investing because they believe common stocks provide the best opportunity for increasing wealth and buying power. The firm focuses on investments in companies that are easy to understand, mundane and sometimes boring. They avoid investing in volatile sectors such as high-technology and banking. Wilen only buys only when P/E ratios are low enough to meet their criteria, when balance sheet analysis indicates assets can be purchased at a discount, when significant free cash flows are unrecognized or when fundamental changes are taking place within a company make it a good investment candidate. The firm is always interested in opportunities arising from the disposition of a money-losing subsidiary or the acquisition of a complementary business at a favorable price. Wilen's investment philosophy is designed to provide downside protection and to cushion portfolios from extreme losses. They are patient investors and are willing to hold to positions for long periods of time.

Recent Transactions
Details Hidden

The Middleby Corp. purchases Standex International Corp. /Cooking Solutions Group from Standex International Corp.

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Standex International Corp. purchases Agile Magnetics, Inc. from Coppermine Capital LLC

Details Hidden

Standex International Corp. purchases Tenibac-Graphion, Inc.

Insider Transactions
Details Hidden
Transaction Advisors
Accountant

Advised onStandex International Corp. purchases Magnetico, Inc.

Investment Advisor

Advised onJMH Capital LLC purchases Berean Christian Stores LLC from Standex International Corp.

Legal Advisor

Advised onStandex International Corp. purchases Standex Electronics Japan Corp. from Oki Electric Industry Co., Ltd.

Corporate Trust

Advised onStandex International Corp. purchases Associated American Industries LLC

Advisors & Consultants
Advisor

Senior Vice President & Chief Financial Officer at NN, Inc.

Key Stats and Financials As of 2019
Market Capitalization
$677M
Total Enterprise Value
$1.03B
Earnings Per Share
$3.75
Revenue
$792M
EBITDAMargin
15.36%
Enterprise Value Sales
1.3x
Enterprise Value EBITDAOperating
8.46x
TEVNet Income
21.71x
Debt TEV
0.19x
Total Equity
$464M
EBITDA
$122M
Total Debt
$198M
Net Profit
$47.4M
Three Year Compounded Annual Growth Rate Of Revenue
1.07%
Five Year Compounded Annual Growth Rate Of Revenue
2.02%
Non-Profit Donations & Grants
$10K - $25K
2018
$10K - $25K
2017
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