Standex Announces Second Quarter Results and Expected Divestiture of Air ...
Results from Continuing Operations*
Net sales increased 9.0% to $154.9 million from $142.1 million in the second quarter of fiscal 2011. Income from operations was $14.4 million, compared with $13.4 million in the second quarter of fiscal 2011. Operating income for the second quarter of 2012 includes pretax, $0.7 million in restructuring expenses. The second quarter of fiscal 2011 included, pretax, $0.4 million in restructuring expenses, a $0.3 million gain on a real estate sale, and $0.2 million in acquisition-related expenses. Excluding these items from both periods, the Company reported non-GAAP second-quarter fiscal 2012 operating income of $15.1 million compared with $13.7 million in the year-earlier quarter, an increase of 9.9%. Net income from continuing operations was $10.1 million, or $0.79 per diluted share, including, after tax, a $0.5 million restructuring



