Standex International Corporation (NYSE:SXI) Q3 2022 Earnings Conference Call May 6, 2022 8:30 AM ET

Company Participants

David Dunbar – Chairman, President & Chief Executive Officer

Ademir Sarcevic – Chief Financial Officer and Treasurer

Gary Farber - ClearView Advisors

Conference Call Participants

Christopher McGinnis – Sidoti & Company

Christopher Howe – Barrington Research

Christopher Moore - CJS Securities

Operator

Welcome to the Standex International Fiscal Third Quarter 2022, Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions]. Please note today's event is being recorded. I'd now like to turn this over to Gary Farber, with 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's 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 should refer to Standex's most recent Annual Report of 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 one-time items, EBITDA margin, and Adjusted EBITDA margin.

We will also refer to other non-GAAP measures included, 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 the 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 performance. A reconciliation from such non-GAAP measures to the most analogous GAAP measures may be found in the company's earnings release issued yesterday. On the call is Standex's Chairman, President and Chief Executive Officer, David Dunbar, and Chief Financial Officer and Treasurer, Ademir Sarcevic.