Standex Reports Q2 EPS of $.71

Standex International Corporation SXI today reported financial results for the second quarter of fiscal 2011 ended December 31, 2010. Net sales increased 12% to $155.5 million from $138.9 million in the second quarter of fiscal 2010. Net income from continuing operations was $9.1 million, or $0.71 per diluted share, including a $0.3 million restructuring charge, a $0.2 million gain from a real estate transaction, $0.2 million in acquisition-related expenses, and a $0.3 million gain from discrete tax items.