Standex International Corporation (NYSE:SXI) Q4 2022 Earnings Conference Call August 5, 2022 9:30 AM ET

Company Participants

Gary Farber - Founder & Managing Director, Clearview Advisors

David Dunbar - President and Chief Executive Officer

Ademir Sarcevic - Vice President, Chief Financial Officer and Treasurer

Conference Call Participants

Christopher Moore - CJS Securities

Christopher Howe - Barrington Research

Operator

Good morning, and welcome to the Standex International Fiscal Fourth Quarter 2022 Conference Call. All participants will be listen-only mode. [Operator Instructions]. Please note this event is being recorded.

I would now like to turn the conference over to Gary Farber of Clearview Advisors. Please go ahead.

Gary Farber

Thank you, operator, and good morning. Please note that the presentation accompanying management's remarks can be found on the Investor Relations portion of the company's website at www.standex.com.

Please refer to Standex' safe harbor statement on Slide 2. Matters that Standex management will discuss on today's conference call include predictions, estimates, expectations and other forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially. You could refer to Standex' most recent annual report on Form 10-K as well as other SEC filings and public announcements for a detailed list of risk factors.

In addition, I'd like to remind you that today's discussion will include references to the non-GAAP measures of EBIT, which is earnings before interest and taxes; adjusted EBIT, which is EBIT excluding restructuring, purchase accounting, acquisition-related expenses and one-time items; EBITDA, which is earnings before interest, taxes, depreciation and amortization; adjusted EBITDA, which is EBITDA excluding restructuring, purchase accounting, acquisition-related expenses and onetime items; EBITDA margin; and adjusted EBITDA margin.

We will also refer to other non-GAAP measures, including adjusted net income, adjusted operating income, adjusted net income from continuing operations, adjusted earnings per share, adjusted operating margin, free operating cash flow and pro forma net debt to EBITDA. These non-GAAP financial measures are intended to serve as a complement to results provided in accordance with accounting principles generally accepted in the United States. Standex believes that such information provides an additional measurement and consistent historical comparison of the company's financial performance.

On the call today is Standex' Chairman, President and Chief Executive Officer, David Dunbar; and Chief Financial Officer and Treasurer, Ademir Sarcevic.

David Dunbar

Thank you, Gary. Good morning, and welcome to our fiscal fourth quarter 2022 conference call. We are very pleased with our strong fourth quarter performance, which concluded a highly successful fiscal 2022. The significant transformation of Standex, combined with solid operational execution, has strengthened our market positions and delivered record financial results. We are entering fiscal 2023 with an active pipeline of new business opportunities and productivity initiatives to further build on our momentum. I want to thank our employees, our executives and the Board of Directors for their continued dedication and support.