08:08 AM EDT, 10/29/2024 (MT Newswires) -- Standex International ( SXI ) reported fiscal Q1 adjusted earnings Tuesday of $1.71 per diluted share, down from $1.74 a year ago.

Four analysts polled by Capital IQ expected $1.65.

Net sales for the quarter ended Sept. 30 were $170.5 million, down from $184.8 million a year earlier.

Analysts surveyed by Capital IQ expected $178.9 million.

For Q2, the company said it expects revenue to be "moderately to significantly higher" compared with Q1, driven by the recent acquisition of Amran/Narayan Group, favorable project timing in engraving, and rising demand in electronics and specialty.

Standex ( SXI ) also said it expects the Amran/Narayan acquisition to be "slightly accretive" to fiscal Q2 adjusted EPS.

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