Standex International Corporation. (NYSE:SXI) Q2 2024 Earnings Conference Call February 2, 2024 8:30 AM ET

Company Participants

Christopher Howe - Director of Investor Relations

David Dunbar - Chairman, President, and Chief Executive Officer

Ademir Sarcevic - Chief Financial Officer and Treasurer

Conference Call Participants

Christopher Moore - CJS Securities

Michael Legg - Benchmark

Michael Shlisky - D.A. Davidson

Ross Sparenblek - William Blair

Gary Prestopino - Barrington Research

Operator

Good morning, and welcome to the Standex International Fiscal Second Quarter 2024 Financial Results Conference Call. All participants’ lines are in a listen-only mode. [Operator Instructions] This call is being recorded on Friday 02, February 2024.

I would now like to turn the conference over to Mr. Chris Howe, Director of Investor Relations. Please go ahead sir.

Christopher Howe

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 two.

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 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 onetime 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's Chairman, President, and Chief Executive Officer David Dunbar; and Chief Financial Officer and Treasurer, Ademir Sarcevic.