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BreakingNews.ie
a day ago
- BreakingNews.ie
Alleged 'dodgy box' operator may have earned €450,000 per year, court told
Broadcaster and telecommunications giant Sky has claimed in the High Court that a Co Wexford man may have earned up to €450,000 a year from operating a so-called 'dodgy box' service. Sky TV Limited alleges David Dunbar has operated an illegal service providing thousands with access to its copyrighted broadcast material since 2018. Advertisement Last month, Sky was granted various orders aimed at gathering evidence of Mr Dunbar's alleged infringement, including permission to seize devices belonging to him. In a sworn statement to the court, a Sky anti-piracy investigator says Mr Dunbar is considered by Sky to be a 'top-level' copyright infringer, and that his activity 'is likely to have been to the very serious detriment' of Sky and broadcasters and legitimate streaming services in Ireland. Last November, investigators at Sky became aware of a social media account involved in selling an Internet Protocol television service (IPTV). IPTV is the technology behind 'dodgy box' services. This account was later linked to Mr Dunbar, the investigator says. Advertisement Separately, Sky investigators were informed of an anonymous tip-off received by An Garda Síochána's Crime Stoppers initiative, alleging Mr Dunbar's operation of the service. The investigator estimates Mr Dunbar to have up to 5,000 customers paying for his service, generating about €450,000 per year from the operation. Sky's investigation found Mr Dunbar allegedly charged two annual subscription rates for the service, priced at €80 and €100 respectively. The investigator says he believes Mr Dunbar has at least 1,682 customers, but the true number is likely much higher. On Thursday, barristers for Sky said Mr Dunbar, with an address at Manor Crescent, Roxborough Manor, Co Wexford, had breached a number of the court's orders, and was in contempt of court. Advertisement Theo Donnelly BL, appearing for Sky and instructed by Philip Lee solicitors, said statements made by Mr Dunbar in the proceedings contained inaccuracies and inconsistencies, and failed to explain certain breaches of orders. Mr Donnelly said bank statements exhibited to an unsworn statement, received by his side this week and due to be filed with the court, appeared to show a dissipation of funds, in breach of freezing orders granted by the court. Ireland 'Dodgy box' operator jailed for possession of over... Read More Mr Donnelly suggested that Mr Dunbar be given a final opportunity to clarify Sky's concerns, brought on by his statements. Adam Dodd, a solicitor representing Mr Dunbar, said his client had provided a 'fulsome' affidavit, 'warts and all'. He said his client had admitted to his contempt of court, and has indicated that he is seeking to comply with the orders of the court. Mr Justice Mark Sanfey said he was of the view that Mr Dunbar should 'put his best foot forward' and answer queries raised by Sky regarding his statements to the court. Mr Justice Sanfey warned Mr Dodd that there was a limit to his patience. The judge adjourned the case to next month.
Yahoo
16-05-2025
- Business
- Yahoo
SXI Q1 Earnings Call: Acquisitions and New Product Growth Offset Organic Weakness, Margins Hold Steady
Industrial manufacturer Standex (NYSE:SXI) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 17.2% year on year to $207.8 million. Its non-GAAP profit of $1.95 per share was 1.5% above analysts' consensus estimates. Is now the time to buy SXI? Find out in our full research report (it's free). Revenue: $207.8 million vs analyst estimates of $204.2 million (17.2% year-on-year growth, 1.7% beat) Adjusted EPS: $1.95 vs analyst estimates of $1.92 (1.5% beat) Adjusted EBITDA: $45.3 million vs analyst estimates of $45.64 million (21.8% margin, 0.8% miss) Operating Margin: 14.6%, in line with the same quarter last year Free Cash Flow Margin: 1.7%, down from 10.8% in the same quarter last year Market Capitalization: $1.89 billion Standex's first quarter results reflected the company's ongoing shift towards growth in fast-expanding end markets and successful integration of recent acquisitions. Management pointed to higher sales contributions from the Amran/Narayan Group and McStarlite, as well as an acceleration in new product launches, as key drivers behind the quarter's revenue increase. CEO David Dunbar highlighted that 'sales into fast-growth markets increased to 29% of total company sales,' underlining the company's focus on sectors like electrical grid modernization and aerospace. Looking ahead, management signaled that new product ramp-ups and continued investment in capacity expansion—particularly in Europe and India—will be central themes. Dunbar indicated that customer commitments for Amran/Narayan products 'extend years into the future,' giving the company confidence in ongoing expansion. However, he acknowledged ongoing macro uncertainties, including tariffs and slower demand in scientific and certain industrial markets, with the company planning additional pricing and productivity actions to mitigate these headwinds. Standex's management attributed first quarter performance primarily to acquisition contributions and targeted growth in select end markets, while addressing challenges in organic growth and tariff impacts. Acquisition-Driven Revenue Gains: Standex's revenue growth was bolstered by the contributions from the Amran/Narayan Group (electronics) and recent McStarlite (aerospace components) acquisitions. These acquisitions expanded the company's exposure to fast-growing markets, with Amran/Narayan's integration performing ahead of expectations. Expansion in Fast-Growth Markets: Sales into markets such as electrical grid modernization, space, defense, and renewable energy represented a larger share of the portfolio. Management noted that these segments not only provided top-line growth but also supported higher margins due to favorable product mix and value-added offerings. New Product Momentum: The company doubled year-on-year new product sales, with 13 product launches year-to-date. Management expects new products to contribute over 200 basis points of incremental growth for the full year, emphasizing the long ramp-up cycle typical for products integrated into OEM platforms. Tariff and Supply Chain Management: While new tariffs—especially on imports from China—presented a risk, management downplayed the overall impact, citing regional manufacturing strategies and the ability to offset most tariff costs through pricing and productivity improvements. They noted that only about 6% of total cost of goods sold was exposed to Chinese imports. Margin and Cash Flow Dynamics: Operating margin remained stable despite organic sales declines, benefitting from price and productivity initiatives. However, free cash flow declined significantly year-on-year due to transaction-related payments, longer customer credit terms from acquired businesses, and annual tax payments. Management highlighted ongoing efforts to improve working capital efficiency in upcoming quarters. Management's outlook for the coming quarters centers on executing expansion plans for recent acquisitions, ramping up new product launches, and navigating external cost pressures. The focus is on sustaining growth in targeted end markets while managing margin and cash flow headwinds. Capacity Expansion Progress: The company is investing in expanded manufacturing capacity for Amran/Narayan in India, the United States, and a new European site, with initial investment levels described as modest. Management expects these expansions to support growing demand from major OEM customers, particularly in the electrical grid and data center sectors. Organic Growth Resumption: While organic revenue declined in the latest quarter, management expressed confidence in an inflection towards organic growth in electronics and engineering technologies, citing improving order trends in Asia and stable demand from core customers. Tariff and Demand Risks: Management acknowledged risks from tariffs and ongoing softness in scientific and general industrial end markets. The company is responding with a combination of price increases, productivity initiatives, and supply chain adjustments, but scientific remains the most exposed segment to tariff-related margin pressure. Chris Moore (CJS Securities): Asked about the impact and mitigation strategies for tariffs across segments; management detailed pricing and productivity actions, highlighting scientific as the most challenging area for full cost recovery. Matt Koranda (ROTH Capital): Inquired about capacity utilization and margin implications of Amran/Narayan's European expansion; management responded that current capacity is sufficient and margin impact from the expansion is expected to be minimal. Ross Sparenblek (William Blair): Sought clarity on organic growth outlook and restocking trends in electronics; management indicated improvement in Asia and confidence in returning to organic growth in the next fiscal year. Gary Prestopino (Barrington Research): Questioned the margin profile of fast-growth markets and how Amran/Narayan affects it; management confirmed that these markets yield higher margins, with Amran/Narayan adding 'a couple of hundred basis points' to segment margins. Mike Shlisky (D.A. Davidson): Asked about working capital improvements and the overall impact of tariffs; management outlined ongoing efforts to optimize receivables and inventories and reiterated that tariff exposure is minor at the corporate level. In the next few quarters, our analysts will be monitoring (1) the pace and execution of capacity expansion for Amran/Narayan in Europe and India, (2) the ramp-up and market adoption of recently launched products, and (3) progress in improving working capital efficiency to support free cash flow recovery. Sustained strength in fast-growth markets and successful mitigation of tariff and demand headwinds will also be key markers for operational execution. Standex currently trades at a forward P/E ratio of 17.5×. At this valuation, is it a buy or sell post earnings? The answer lies in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
Q1 Earnings Outperformers: Standex (NYSE:SXI) And The Rest Of The Gas and Liquid Handling Stocks
As the Q1 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the gas and liquid handling industry, including Standex (NYSE:SXI) and its peers. Gas and liquid handling companies possess the technical know-how and specialized equipment to handle valuable (and sometimes dangerous) substances. Lately, water conservation and carbon capture–which requires hydrogen and other gasses as well as specialized infrastructure–have been trending up, creating new demand for products such as filters, pumps, and valves. On the other hand, gas and liquid handling companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. The 11 gas and liquid handling stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 0.9% while next quarter's revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 9.1% on average since the latest earnings results. Holding over 500 patents globally, Standex (NYSE:SXI) is a manufacturer and distributor of industrial components for various sectors. Standex reported revenues of $207.8 million, up 17.2% year on year. This print exceeded analysts' expectations by 1.7%. Overall, it was a satisfactory quarter for the company with a narrow beat of analysts' EPS estimates but a slight miss of analysts' EBITDA estimates. Commenting on the quarter's results, President and Chief Executive Officer David Dunbar said, "Following strong operating performance in the fiscal second quarter, we achieved several new records in our fiscal third quarter: record sales since the divestment of the Refrigeration business in April 2020, record adjusted gross margin of 42.3%, and record adjusted operating margin of 19.4%. These results reflect the continued solid operational performance from core businesses, a full quarter of ownership of the fast-growing Amran/Narayan group, and contribution from the recent McStarlite acquisition. Our fast growth market sales totaled $60.4 million or approximately 29% of total sales and are well on track to our expectations for the fiscal year of approximately $170 million. We remain confident about the Company's exposure to positive secular trends in electrical grid, electric and hybrid vehicles, renewable energy, commercialization of space, and defense, and we are reaffirming our long-term target for fast growth market sales of $340 million plus by fiscal year 2028. In addition, we launched three additional new products in the fiscal third quarter totaling 13 year-to-date, achieving our previously committed target of over a dozen and delivering more than 2% of incremental sales." Standex pulled off the fastest revenue growth of the whole group. Unsurprisingly, the stock is up 5.8% since reporting and currently trades at $153.49. Is now the time to buy Standex? Access our full analysis of the earnings results here, it's free. Manufacturing the largest pump ever built for nuclear power generation, Flowserve (NYSE:FLS) manufactures and sells flow control equipment for various industries. Flowserve reported revenues of $1.14 billion, up 5.2% year on year, outperforming analysts' expectations by 3.6%. The business had an exceptional quarter with a solid beat of analysts' EBITDA estimates. The market seems happy with the results as the stock is up 6.7% since reporting. It currently trades at $47.91. Is now the time to buy Flowserve? Access our full analysis of the earnings results here, it's free. Started with the invention of the steam drill, Ingersoll Rand (NYSE:IR) provides mission-critical air, gas, liquid, and solid flow creation solutions. Ingersoll Rand reported revenues of $1.72 billion, up 2.8% year on year, in line with analysts' expectations. It was a slower quarter as it posted full-year EBITDA guidance missing analysts' expectations. Interestingly, the stock is up 4% since the results and currently trades at $79.23. Read our full analysis of Ingersoll Rand's results here. Founded in 1988, IDEX (NYSE:IEX) is a global manufacturer specializing in highly engineered products such as pumps, flow meters, and fluidics systems for various industries. IDEX reported revenues of $814.3 million, up 1.7% year on year. This print beat analysts' expectations by 1.1%. Overall, it was a very strong quarter as it also put up an impressive beat of analysts' adjusted operating income estimates. The stock is up 6.3% since reporting and currently trades at $184.65. Read our full, actionable report on IDEX here, it's free. Founded in 1926, Graco (NYSE:GGG) is an industrial company specializing in the development and manufacturing of fluid-handling systems and products. Graco reported revenues of $528.3 million, up 7.3% year on year. This number met analysts' expectations. More broadly, it was a satisfactory quarter as it also recorded a decent beat of analysts' EPS estimates but a miss of analysts' Process revenue estimates. The stock is up 6.2% since reporting and currently trades at $83.76. Read our full, actionable report on Graco here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. 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Yahoo
30-01-2025
- Business
- Yahoo
Standex's (NYSE:SXI) Q4 Sales Beat Estimates
Industrial manufacturer Standex (NYSE:SXI) reported Q4 CY2024 results exceeding the market's revenue expectations , with sales up 6.4% year on year to $189.8 million. Its non-GAAP profit of $1.91 per share was 14.4% above analysts' consensus estimates. Is now the time to buy Standex? Find out in our full research report. Revenue: $189.8 million vs analyst estimates of $188.8 million (6.4% year-on-year growth, 0.5% beat) Adjusted EPS: $1.91 vs analyst estimates of $1.67 (14.4% beat) Adjusted EBITDA: $39.6 million vs analyst estimates of $40.22 million (20.9% margin, 1.6% miss) Operating Margin: 4.5%, down from 15.9% in the same quarter last year Free Cash Flow Margin: 1.1%, down from 10.8% in the same quarter last year Market Capitalization: $2.24 billion Commenting on the quarter's results, President and Chief Executive Officer David Dunbar said, "Following solid operational performance in the fiscal first quarter, we delivered the highest sales since the divestment of the Refrigeration business in April 2020 and record adjusted operating margin in the fiscal second quarter. These improvements reflected solid operational performance from core businesses and contribution from the recent Amran/Narayan acquisition. Completed in the quarter, this was the largest acquisition in the history of the Company and its sales exceeded our expectations. The continued strength of the electrical grid end market positions us well for continued growth and margin improvement in the second half of fiscal 2025." Holding over 500 patents globally, Standex (NYSE:SXI) is a manufacturer and distributor of industrial components for various sectors. Gas and liquid handling companies possess the technical know-how and specialized equipment to handle valuable (and sometimes dangerous) substances. Lately, water conservation and carbon capture–which requires hydrogen and other gasses as well as specialized infrastructure–have been trending up, creating new demand for products such as filters, pumps, and valves. On the other hand, gas and liquid handling companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. Reviewing a company's long-term sales performance reveals insights into its quality. Any business can have short-term success, but a top-tier one grows for years. Over the last five years, Standex grew its sales at a sluggish 2.4% compounded annual growth rate. This was below our standards and is a poor baseline for our analysis. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Standex's history shows it grew in the past but relinquished its gains over the last two years, as its revenue fell by 1.7% annually. This quarter, Standex reported year-on-year revenue growth of 6.4%, and its $189.8 million of revenue exceeded Wall Street's estimates by 0.5%. Looking ahead, sell-side analysts expect revenue to grow 17.4% over the next 12 months, an improvement versus the last two years. This projection is eye-popping and implies its newer products and services will fuel better top-line performance. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Standex has been an optimally-run company over the last five years. It was one of the more profitable businesses in the industrials sector, boasting an average operating margin of 13.4%. This result isn't surprising as its high gross margin gives it a favorable starting point. Looking at the trend in its profitability, Standex's operating margin rose by 2.1 percentage points over the last five years, showing its efficiency has improved. In Q4, Standex generated an operating profit margin of 4.5%, down 11.5 percentage points year on year. Since Standex's operating margin decreased more than its gross margin, we can assume it was recently less efficient because expenses such as marketing, R&D, and administrative overhead increased. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Standex's EPS grew at a remarkable 13.4% compounded annual growth rate over the last five years, higher than its 2.4% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. Diving into Standex's quality of earnings can give us a better understanding of its performance. As we mentioned earlier, Standex's operating margin declined this quarter but expanded by 2.1 percentage points over the last five years. Its share count also shrank by 3.5%, and these factors together are positive signs for shareholders because improving profitability and share buybacks turbocharge EPS growth relative to revenue growth. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For Standex, its two-year annual EPS growth of 5.4% was lower than its five-year trend. We hope its growth can accelerate in the future. In Q4, Standex reported EPS at $1.91, up from $1.78 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Standex's full-year EPS of $7.13 to grow 19.8%. We enjoyed seeing Standex exceed analysts' EPS expectations this quarter. We were also happy its revenue narrowly outperformed Wall Street's estimates. Overall, this quarter had some key positives. The stock remained flat at $186.56 immediately following the results. Is Standex an attractive investment opportunity at the current price? We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
