The industrial manufacturer targets mid- to high single-digit sales growth for fiscal 2027 as part of its capacity expansion plan.
Standex International outlined a capacity plan for its Standex Grid segment, aiming for $340M-$440M in sales by fiscal 2030. The company cited an inflection point, with organic sales growth of 5.5% in the past year and meaningful contributions from new product development efforts.
Management previously projected mid- to high single-digit sales growth for fiscal 2027, reinforcing long-term expansion goals. The fiscal 2026 fourth-quarter results highlighted ongoing momentum in product innovation and market demand.
No immediate market reaction was disclosed in the earnings call summary.