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Press Release: Standex Reports Fiscal Second -4-

· 02/04/2021 16:20
adjustments - (722) (196) (722) Tax impact of above adjustments (226) (714) (662) (973) Net income from continuing operations, as adjusted $12,862 $12,349 4.1% $24,678 $23,572 4.7% EBITDA and Adjusted EBITDA: Net income (loss) from continuing operations, as reported $12,008 $12,292 -2.3% $22,352 $22,863 Net income from continuing operations margin 7.7% 8.0% 7.3% 7.4% Add back: Provision for income taxes 3,189 2,831 5,885 6,909 Interest expense 1,601 1,928 3,086 4,050 Depreciation and amortization 8,328 8,085 16,521 16,066 EBITDA $25,126 $25,136 0.0% $47,844 $49,888 -4.1% EBITDA Margin 16.1% 16.4% 15.6% 16.1% Adjustments: Acquisition-related costs 570 773 596 1,507 Restructuring charges 509 720 1,996 2,199 Life insurance benefit - - - (1,302) Purchase accounting expenses - - 592 - Adjusted EBITDA $26,205 $26,629 -1.6% $51,028 $52,292 -2.4% Adjusted EBITDA Margin 16.8% 17.3% 16.6% 16.9% Free operating cash flow: Net cash provided by operating activities - continuing operations, as reported $22,276 $7,289 $31,508 $16,730 Less: Capital expenditures (5,325) (3,688) (10,145) (10,376) Free operating cash flow $16,951 $3,601 $21,363 $6,354 Standex International Corporation Reconciliation of GAAP to Non-GAAP Financial Measures (unaudited) Three Months Six Months Ended Ended Adjusted earnings per share from continuing operations December 31, December 31, % % 2020 2019 Change 2020 2019 Change Diluted earnings per share from continuing operations, as reported $0.98 $0.99 -1.0% $1.82 $1.84 -1.1% Adjustments: Acquisition-related costs 0.04 0.03 0.04 0.09 Restructuring charges 0.03 0.03 0.13 0.13 Life insurance benefit - - - (0.10) Other foreign tax adjustments - (0.06) (0.02) (0.06) Purchase accounting expenses - - 0.04 - Diluted earnings per share from continuing operations, as adjusted $1.05 $0.99 6.1% $2.01 $1.90 5.9%

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SOURCE Standex International Corporation

/CONTACT: Ademir Sarcevic, CFO, (603) 893-9701, e-mail : InvestorRelations@Standex.com

/Web site: www.standex.com

(END) Dow Jones Newswires

February 04, 2021 16:20 ET (21:20 GMT)