Standex International Corp 2026年季度报告

Securities registered pursuant to Section 12(b) of the Act: PART I.FINANCIAL INFORMATION: STANDEX INTERNATIONAL CORPORATIONNotes to UnauditedCondensed Consolidated Financial Statements 1)Management Statement Standex International Corporation (“Standex” or the “Company”) is a diversified industrial manufacturer infivebroad businesssegments: Electronics, Engineering Technologies, Scientific, Engraving and Specialty Solutions with operations in the UnitedStates, Europe, Canada, Japan, Singapore, Mexico, Turkey,India, and China. The accompanying consolidated financial statementsinclude the accounts of Standex International Corporation and its subsidiaries and are prepared in accordance with accountingprinciples generally accepted in the United States of America (“GAAP”). All intercompany accounts and transactions have been The Company considers events or transactions that occur after the balance sheet date, but before the financial statements are issuedto provide additional evidence relative to certain estimates or to identify matters that require additional disclosure. The In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustmentsnecessary to present fairly the results of operations for the three and six months ended December 31, 2025 and 2024, the cash flowsfor the sixmonths ended December 31, 2025 and 2024 and the financial position of Standex International Corporation (“Standex”,the “Company”, “we”, “us”, or “our”), at December 31, 2025. The interim results are not necessarily indicative of results for a fullyear. The accompanyingunaudited condensed consolidated financial statements have been prepared pursuant to the rules andregulations of the Securities and Exchange Commission. Certain information and note disclosures normally included in annualfinancial statements prepared in accordance with generally accepted accounting principles have been condensed or omittedpursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make theinformation not misleading. The unaudited condensed consolidated financial statements and notes do not contain information which The preparation of consolidated financial statements in conformity with GAAP requires the use of estimates, judgments andassumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assetsand liabilities at the date of the financial statements and for the period then ended. Estimates are based on historical experience,actuarial estimates, current conditions and various other assumptions that are believed to be reasonable under the circumstances.These estimates form the basis for making judgments about the carrying values of assets and liabilities when they arenotreadilyapparent from other sources. These estimates assist in the identification and assessment of the accounting treatment necessary withrespect to commitments and contingencies. Actual resultsmay differ from these estimates under different assumptions or Research and development expenditures are expensed as incurred. Total research and development costs, which are classified underselling, general, and administrative expenses were $6.3million and $5.3million for the three months ended December 31, Recently Issued Accounting Pronouncements The Organization for Economic Co-operation and Development (OECD) and the G20 Inclusive Framework on Base Erosion andProfit Shifting (the "Inclusive Framework") have put forth Pillar Two proposals that ensure a minimal level of taxation. Severalcountries in which the Company operates, including several European Union member states, have adopted domestic legislation to From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that theCompanyadopts as of the specified effective date. Unless otherwise discussed below, the Company doesnotbelieve that the In December 2023, the FASB issued ASU 2023- 09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures. ThisASU is expected to enhance the transparency and decision usefulness of income tax disclosures by requiring public businessentities on an annual basis to disclose specific categories in the rate reconciliation, additional information for reconciling items thatmeet a quantitative threshold, and certain information about income taxes paid. This ASU is effective for fiscal years beginning InNovember 2024,the FASB issued ASU2024-03,Income Statement - Reporting Comprehensive Income (Topic220): ExpenseDisaggregation Disclosures. Additionally, inJanuary 2025,the FASB issued ASU2025-01to clarify the effective date ofASU2024-03.This ASU provides guidance to expand disclosures related to the disaggregation of income statement expenses. ThisASU also requires, in the notes to the financial statements, disclosure of specified information about certain costs and expenses