<SEC-DOCUMENT>0001157523-19-000182.txt : 20190130
<SEC-HEADER>0001157523-19-000182.hdr.sgml : 20190130
<ACCEPTANCE-DATETIME>20190130162025
ACCESSION NUMBER:		0001157523-19-000182
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190130
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190130
DATE AS OF CHANGE:		20190130

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STANDEX INTERNATIONAL CORP/DE/
		CENTRAL INDEX KEY:			0000310354
		STANDARD INDUSTRIAL CLASSIFICATION:	REFRIGERATION & SERVICE INDUSTRY MACHINERY [3580]
		IRS NUMBER:				310596149
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07233
		FILM NUMBER:		19552173

	BUSINESS ADDRESS:	
		STREET 1:		11 KEEWAYDIN DRIVE
		STREET 2:		SUITE 300
		CITY:			SALEM
		STATE:			NH
		ZIP:			03079
		BUSINESS PHONE:		603-893-9701

	MAIL ADDRESS:	
		STREET 1:		11 KEEWAYDIN DRIVE
		STREET 2:		SUITE 300
		CITY:			SALEM
		STATE:			NH
		ZIP:			03079
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51932912.htm
<DESCRIPTION>STANDEX INTERNATIONAL CORPORATION 8-K
<TEXT>
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    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 16pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 16pt"><br style="font-size: 16pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 16pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-family: Times New Roman; font-size: 10pt"><b>Washington,
      D.C. 20549</b></font><br><br>
    </p>
    <hr style="text-align: center; color: #000000; width: 25%; height: 4.0 pt">


    <p style="text-align: center">
      <br>

    </p>
    <p style="text-align: center">
      <font style="font-size: 16pt"><b>FORM 8-K</b></font><b><font style="font-size: 18pt">
      </font></b><br><br>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Current
      Report</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Pursuant
      to Section 13 or 15(d) of</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>the
      Securities Exchange Act of 1934</b></font><br><br>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>Date of
      Report (Date of earliest event reported):</b></font><font style="font-family: Times New Roman; font-size: 10pt">
      </font><font style="font-family: Times New Roman; font-size: 10pt"><b>January
      30, 2019</b></font><br><br><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 20pt"><b>STANDEX INTERNATIONAL CORPORATION</b></font><br><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      name of registrant as specified in its charter)</font><br><br>
    </p>
    <hr style="text-align: center; color: #000000; width: 25%; height: 4.0 pt">


    <p style="text-align: center">
      <br>
      <br>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 33%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; width: 34%; text-align: center; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1-7233</b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; width: 33%; text-align: center; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>31-0596149</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 33%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(State or other jurisdiction of<br>incorporation or
            organization)</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; width: 34%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(Commission</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>File Number)</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; width: 33%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(IRS Employer</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Identification No.)</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 50%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>11 Keewaydin Drive, Salem, New Hampshire</b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; width: 50%; text-align: center; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>03079</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 50%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>(Address
            of principal executive offices)</b></font>
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; width: 50%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>(Zip
            Code)</b></font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Registrant&#8217;s
      telephone number, including area code:</b></font><font style="font-size: 10pt; font-family: Times New Roman">
      </font><b>(603) 893-9701 </b><br><br>
    </p>
    <p style="text-align: center">
      <b>Not applicable </b><br><font style="font-size: 10pt; font-family: Times New Roman"><b>(Former
      name or former address, if changed since last report)</b></font><br><br><br>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Indicate by
      check mark whether the registrant is an emerging growth company as
      defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this
      chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).</font>
    </p>
    <p>
      <font style="font-size: 10pt">Emerging growth company</font><font style="font-size: 10pt; font-family: Arial Unicode MS">&#160;</font>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">If an
      emerging growth company, indicate by check mark if the registrant has
      elected not to use the extended transition period for complying with any
      new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.</font> <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>

    </p>
    <div style="width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
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          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <hr style="width: 100%; text-align: center; height: 4.0 pt; color: #000000">


    <p style="text-align: center">
      <br>

    </p>
    <p style="text-align: center">
      <b>Standex International Corporation </b>
    </p>
    <p>

    </p>
    <p>
      <b>SECTION 2 &#8211; FINANCIAL INFORMATION<br></b><br><b>ITEM 2.02 &#8211;
      RESULTS OF OPERATIONS AND FINANCIAL CONDITIONS</b>
    </p>
    <p>
      On January 30, 2019, the registrant issued a press release announcing
      earnings for the second quarter ended December&#160;31, 2018.&#160;&#160;A copy of the
      release is furnished herewith as Exhibit 99 and is incorporated herein
      by reference.&#160;&#160;This Current Report on Form 8-K and the press release
      attached hereto are being furnished by Standex International Corporation
      pursuant to item 2.02 of Form 8-K.<br><br><br><b>SECTION&#160;&#160;9 -&#160;&#160;FINANCIAL
      STATEMENTS AND EXHIBITS</b><br><br>
    </p>
    <p style="white-space: nowrap">
      <b>ITEM 9.01&#160;&#160;FINANCIAL STATEMENTS AND EXHIBITS</b>
    </p>
    <p style="white-space: nowrap">
      (c)&#160;&#160;Exhibits &#8211; The following exhibit is provided as part of the
      information furnished under Item 2.02 of this Current Report on Form 8-K.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="width: 4%">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 26%; text-align: left">
          Exhibit No.
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 70%; text-align: left">
          Description
        </td>
      </tr>
      <tr>
        <td style="width: 4%">

        </td>
        <td style="width: 26%">

        </td>
        <td style="width: 70%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 4%">

        </td>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; width: 26%; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51932912ex99.htm">99</a>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 70%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51932912ex99.htm">Press Release of Standex International
            Corporation dated January 30, 2019</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap; margin-left: 180.0px">

    </p>
    <p>
      <b>FORWARD-LOOKING STATEMENTS </b>
    </p>
    <p>
      This current report on Form 8-K contains &#8220;forward-looking statements&#8221;
      within the meaning of the Private Securities Litigation Act of 1995 (the
      &#8220;Act&#8221;) that are intended to come within the safe harbor protection
      provided by the Act.&#160;&#160;By their nature, all forward-looking statements
      involve risks and uncertainties, and actual results may differ
      materially from those contemplated by the forward-looking
      statements.&#160;&#160;Several factors that could materially effect the
      Corporation&#8217;s actual results are identified in the press release as well
      as in the Corporation&#8217;s Annual Report on Form 10-K for the fiscal year
      ended June 30, 2018.
    </p>
    <p>

    </p>
    <p>

    </p>
    <div style="width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <hr style="width: 100%; text-align: center; height: 4.0 pt; color: #000000">


    <p>

    </p>
    <p style="text-align: center">
      <u><font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURE</b></font></u>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>STANDEX INTERNATIONAL CORPORATION</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Registrant)
          </p>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><i>/s/ Thomas DeByle</i></u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Thomas DeByle</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Chief Financial Officer</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Date: January 30, 2019
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Signing on behalf of the registrant and as<br>principal financial
            officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a51932912ex99.htm
<DESCRIPTION>EXHIBIT 99
<TEXT>
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    <title></title>
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  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Standex
      Reports Second-Quarter 2019 Financial Results</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Revenue
      Increases 5.3%</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>GAAP
      Operating Income Increases 18.5%; Adjusted Operating Income Grows 9.1%</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>GAAP
      Operating Income Margin Expands 117 Basis Points; Adjusted Operating
      Income Margin Grows 38 BPS</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Net New
      Business Grows 42% from Growth Laneways</b></font>
    </p>
    <p>
      SALEM, N.H.--(BUSINESS WIRE)--January 30, 2019--Standex International
      Corporation <b>(NYSE:SXI)</b> today reported financial results for its
      second quarter of fiscal year 2019 ending December 31, 2018.
    </p>
    <p>
      <i><b>Second-Quarter Fiscal 2019 Results</b></i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Net sales increased 5.3% year-over-year to $195.5 million with organic
        sales up 1.6%. Acquisitions contributed 5.1% to growth and foreign
        exchange had a negative effect of 1.4%.
      </li>
    </ul>
    <ul>
      <li style="margin-bottom: 10.0px">
        Net income from continuing operations was $12.5 million, or $0.98 per
        share including a discrete tax benefit of $0.7 million offset by
        tax-effected acquisition related charges of $0.6 million and
        restructuring expenses of $0.1 million. This compares with a
        second-quarter fiscal 2018 net loss from continuing operations of $4.3
        million, or a loss of $0.34 per share, including $15.0 million of
        discrete tax charges related to US Tax Reform along with $1.3 million
        and $0.5 million of tax adjusted restructuring and acquisition related
        expenses respectively. Adjusted net income from continuing operations
        for the second quarter of 2019 was $12.5 million, or $0.98 per diluted
        share, in line with the prior-year period results.
      </li>
      <li style="margin-bottom: 10.0px">
        Net working capital (defined as accounts receivable plus inventories
        less accounts payable) was $164.9 million at the end of the second
        quarter of fiscal 2019, compared with $142.5 million a year earlier.
      </li>
    </ul>
    <ul>
      <li style="margin-bottom: 10.0px">
        The Company closed the quarter with net debt (defined as debt less
        cash) of $196.5 million, compared with $190.2 million at the end of
        the first quarter fiscal 2019.
      </li>
    </ul>
    <p>
      A reconciliation from reported GAAP amounts to the non-GAAP measures of
      adjusted operating income, adjusted operating income margin, adjusted
      diluted earnings per share, EBITDA, adjusted EBITDA, EBITDA margin,
      adjusted EBITDA margin and free operating cash flow is included later in
      this release.
    </p>
    <p>
      <i><b>Management Comments</b></i>
    </p>
    <p>
      &#8220;Our focus on improving the quality of our earnings through organic and
      inorganic efforts continues to pay off as EBITDA margins increased 76
      basis points in the quarter,&#8221; said President and Chief Executive Officer
      David Dunbar. &#8220;We delivered strong organic growth in our Electronics,
      Engineering Technologies, Scientific and Hydraulics businesses. Notably,
      growth laneway sales generated new business growth of 42% to $14.5
      million. From an operating perspective, we are beginning to see
      Engineering Technologies&#8217; profitability improving as we delivered
      another sequential quarter of margin improvement.
    </p>
    <p>
      &#8220;Our second quarter performance was impacted by several headwinds that
      we are monitoring closely and actively addressing including ongoing
      softness in the North American Refrigeration market in addition to
      tariff-related softness in China, and material inflation,&#8221; continued
      Dunbar.
    </p>
    <p>
      &#8220;We are focused on completing the divestiture of the Cooking Solutions
      business, which is proceeding on schedule. Going forward, we remain
      focused on executing our strategy to transform Standex into a
      world-class operating company and optimize Standex&#8217;s growth and margin
      performance. We are committed to investing in our growth platforms, both
      organically and through acquisitions, while making strategically
      informed portfolio decisions that allow us to redeploy capital to
      opportunities that improve the quality of our earnings.&#8221;
    </p>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i><b>Segment Review</b></i>
    </p>
    <p>
      Food Service Equipment<i><b> </b></i>sales from continuing operations
      decreased 6.2% year-over-year, and operating income decreased 13.0%.
    </p>
    <p>
      &#8220;Food Service Equipment revenues and operating income declined as
      continued market softness in the Refrigeration businesses offset double
      digit growth in Scientific,&#8221; said Dunbar. &#8220;Refrigeration sales were down
      double digits as we experienced ongoing soft demand from Drug Retail,
      Dollar Stores, Quick Service Restaurants and dealers in line with
      national industry-wide spending levels.
    </p>
    <p>
      &#8220;Looking ahead, we remain focused on continuing to grow differentiated
      products through the promotion and introduction of new offerings in the
      Scientific, Merchandising and Specialty Pump businesses. In addition, we
      are implementing additional productivity and operational excellence
      actions to better align the Refrigeration business with current market
      conditions, and to better position our well-established NorLake and
      Master Bilt brands to capitalize when the markets recover.&#8221;
    </p>
    <p>
      Engraving<i><b> </b></i>sales increased 13.6% year-over-year. Operating
      income declined 1.6%.
    </p>
    <p>
      &#8220;Engraving sales grew with the addition of the Tenibac-Graphion business
      that we acquired in the first quarter,&#8221; said Dunbar. &#8220;Sales to global
      auto programs increased by 7%, but were offset by decreases in non-auto
      programs. In addition, organic sales decreased as strong China domestic
      sales were offset by a decline in Chinese exports due to the impact of
      tariffs on Chinese toolmakers. Engraving profitability was impacted by
      three distinct items: outsourcing expenses related to laser capacity, a
      tariff-related program cancelation, and delays in an Innovent drum order
      for a consumer goods customer.
    </p>
    <p>
      &#8220;Looking ahead, we have added laser capacity and<i><b> </b></i>we
      remain focused on completing the Tenibac integration, which is
      progressing well. In addition, we will continue to execute on growth
      laneways like Architexture, Nickel Shell, Laser and performance surfaces
      that position Standex to capitalize on robust automotive program roll
      outs and the proliferation of Electric vehicles.&#8221;
    </p>
    <p>
      Engineering Technologies sales increased 7.5% year-over-year, and
      operating income increased 33.6%.
    </p>
    <p>
      &#8220;Engineering Technologies revenue grew year over year due to strength in
      Space, Energy and Aviation lipskin components, which was partially
      offset by lower Aviation engine component sales,&#8221; said Dunbar.
      &#8220;Operating income margin grew to 8.7% during the quarter, the second
      sequential increase in a row.
    </p>
    <p>
      &#8220;Going forward, we are focused on delivering sales and margin
      improvement in the second half of our fiscal year as we capitalize on
      increased demand in the Aviation, Space, Energy and Defense markets as
      well as productivity improvements in our plants.&#8221;
    </p>
    <p>
      Electronics sales were up 14.5% year-over-year. Operating income was up
      1.0% year over year.
    </p>
    <p>
      &#8220;The year-over-year sales increase in Electronics was driven by double
      digit growth on sensors, switches, relays and planar technologies, which
      was partially offset by a tariff-related demand slowdown in Asia,&#8221; said
      Dunbar. &#8220;The Agile acquisition contributed to overall Electronics sales
      growth but was partially offset by a slowdown in the semi-conductor
      market, while the segment as a whole was impacted by material inflation.
    </p>
    <p>
      &#8220;Looking ahead, we are focused on capitalizing on new business
      opportunities and advancing the integration of Agile to further enhance
      our ability to service the high-reliability, mission-critical, and
      custom-designed magnetics market.&#8221;
    </p>
    <p>
      Hydraulics reported a 13.4% year-over-year sales increase and a 27.2%
      operating income increase.
    </p>
    <p>
      &#8220;Hydraulics sales, orders and backlog increased double digits, driven by
      robust market strength in our end markets,&#8221; said Dunbar. &#8220;The business
      was positively impacted by the favorable elimination of Section 301
      Tariffs on certain products from our Chinese subsidiary as well as
      productivity improvements. In addition, we are well positioned to
      benefit from the strong market environment and the anticipated softening
      of metal prices in the next few quarters.&#8221;
    </p>
    <div style="width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i><b>Business Outlook</b></i>
    </p>
    <p>
      &#8220;As we turn into the second half of 2019, we expect to deliver strong
      results in our Scientific, Hydraulics and Engineering Technologies
      businesses and to capitalize on growth laneways and new business
      opportunities in Electronics and Engraving to counter market softening
      in Europe and Asia,&#8221; said Dunbar. &#8220;We continue to focus our investments
      on our large funnel of organic initiatives and acquisitions that enhance
      high-return businesses such as Electronics and Engraving and set Standex
      up to capitalize on potential upside across several platforms. Although
      we expect to face ongoing headwinds like North American Refrigeration
      market softness and material inflation, we are confident that we are
      taking the actions necessary to align the business with market demand,
      while also positioning Standex to deliver on our long-term financial
      targets and fulfill our mission to become a best-in-class operating
      company.&#8221;
    </p>
    <p>
      <i><b>Conference Call Details</b></i>
    </p>
    <p>
      Standex will host a conference call for investors tomorrow, January 31,
      2019 at 10:00 a.m. ET. On the call, David Dunbar, President and CEO, and
      Thomas DeByle, CFO, will review the Company&#8217;s financial results and
      business and operating highlights. Investors interested in listening to
      the webcast and viewing the slide presentation should log on to the
      &#8220;Investors&#8221; section of Standex&#8217;s website under the subheading, &#8220;Events
      and Presentations&#8221;, located at <u>www.standex.com</u>. A replay of
      the webcast will also be available on the Company&#8217;s website shortly
      after the conclusion of the presentation through February 14, 2019. To
      listen to the playback, please dial (800) 585-8367 in the U.S. or (404)
      537-3406 internationally; the passcode is 7488729. The webcast replay
      also can be accessed in the &#8220;Investor Relations&#8221; section of the
      Company&#8217;s website, located at <u>www.standex.com</u>.
    </p>
    <p>
      <b>Use of Non-GAAP Financial Measures</b>
    </p>
    <p>
      In addition to the financial measures prepared in accordance with
      generally accepted accounting principles (&#8220;GAAP&#8221;), the Company uses
      certain non-GAAP financial measures, including income from operations,
      adjusted operating margin, adjusted net income from continuing
      operations, free operating cash flow, EBITDA (earnings before interest,
      taxes, depreciation and amortization), adjusted EBITDA, EBITDA margin,
      adjusted EBITDA margin and adjusted earnings per share. The attached
      financial tables reconcile non-GAAP measures used in this press release
      to the most directly comparable GAAP measures. The Company believes that
      the use of non-GAAP measures, including the impact of restructuring
      charges, purchase accounting, discrete tax events, and acquisition
      costs, helps investors to obtain a better understanding of our operating
      results and prospects, consistent with how management measures and
      forecasts the Company's performance, especially when comparing such
      results to previous periods. An understanding of the impact in a
      particular quarter of specific restructuring costs, acquisition
      expenses, or other gains and losses, on net income (absolute as well as
      on a per-share basis), operating income or EBITDA can give management
      and investors additional insight into core financial performance,
      especially when compared to quarters in which such items had a greater
      or lesser effect, or no effect. Non-GAAP measures should be considered
      in addition to, and not as a replacement for, the corresponding GAAP
      measures, and may not be comparable to similarly titled measures
      reported by other companies.
    </p>
    <p>
      <b>About Standex</b>
    </p>
    <p>
      Standex International Corporation is a multi-industry manufacturer in
      five broad business segments: Food Service Equipment, Engraving,
      Engineering Technologies, Electronics, and Hydraulics with operations in
      the United States, Europe, Canada, Japan, Australia, Singapore, Mexico,
      Brazil, Argentina, Turkey, South Africa, India and China. For additional
      information, visit the Company's website at <u>http://standex.com/</u>.
    </p>
    <div style="width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 8pt; margin-bottom: 10.0px">
      <tr>
        <td colspan="17">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="17">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Standex International Corporation</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="17">
          <b>Consolidated Statement of Operations</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="17">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="5">
          <b>Three Months Ended</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="5">
          <b>Six Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid" colspan="5">
          <b>December 31,</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid" colspan="5">
          <b>December 31,</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          (In thousands, except share data)
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2017</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Net sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          195,522
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          185,694
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          388,609
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          374,836
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Cost of sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          128,586
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          122,377
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          252,421
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          245,848
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Gross profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          66,936
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          63,317
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          136,188
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          128,988
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Selling, general and administrative expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          45,693
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          43,794
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          91,165
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          86,851
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Restructuring costs
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          177
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,775
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          624
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          4,732
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Acquisition related costs
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          859
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          703
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          1,547
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          1,708
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Income from operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          20,207
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          17,045
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          42,852
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          35,697
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Interest expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          3,123
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,793
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          5,368
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          3,514
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Other (income) expense, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          750
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          242
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          1,015
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          336
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Total
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          3,873
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          2,035
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          6,383
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          3,850
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Income from continuing operations before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          16,334
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          15,010
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          36,469
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          31,847
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Provision for income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          3,860
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          19,359
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          9,702
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          23,622
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Net income (loss) from continuing operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          12,474
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (4,349)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          26,767
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          8,225
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Income (loss) from discontinued operations, net of tax
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          924
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          1,543
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          2,488
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          2,968
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          Net income (loss)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          13,398
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          (2,806)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          29,255
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          11,193
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <i>Basic earnings per share:</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Income (loss) from continuing operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          0.99
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (0.34)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          2.11
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          0.65
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Income (loss) from discontinued operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          0.07
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          0.12
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          0.20
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          0.23
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          Total
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          1.06
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          (0.22)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          2.31
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          0.88
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <i>Diluted earnings per share:</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Income (loss) from continuing operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          0.98
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (0.34)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          2.10
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          0.64
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Income (loss) from discontinued operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          0.07
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          0.12
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          0.20
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          0.23
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          Total
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          1.05
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          (0.22)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          2.30
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          0.87
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <i>Average Shares Outstanding</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          Basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          12,636
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          12,704
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          12,667
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          12,689
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          12,685
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          12,704
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          12,737
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          12,778
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 8pt; margin-bottom: 10.0px">
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="9">
          <b>Standex International Corporation</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="9">
          <b>Condensed Consolidated Balance Sheets</b>
        </td>
      </tr>
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px">
          <b>(Unaudited)</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px">
          <b>December 31,</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px">
          <b>June 30,</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          (In thousands)
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>ASSETS</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Current assets:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          118,174
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          109,602
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          111,905
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          119,783
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          Inventories
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          109,423
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          104,300
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          Prepaid expenses and other current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          21,425
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          10,255
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          Income taxes receivable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,486
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          2,348
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          Current assets- Discontinued Operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          36,092
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          37,671
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          398,505
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          383,959
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Property, plant, equipment, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          142,332
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          136,934
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Intangible assets, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          115,495
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          84,938
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Goodwill
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          261,569
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          211,751
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Deferred tax asset
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          6,313
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          7,447
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Other non-current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          28,384
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          29,749
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Long-term Assets- Discontinued Operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          61,454
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          62,159
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left">
          Total non-current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          615,547
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          532,978
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          Total assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          1,014,052
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          916,937
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>LIABILITIES AND STOCKHOLDERS' EQUITY</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Current liabilities:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          Accounts payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          56,460
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          78,947
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          Accrued liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          61,262
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          57,679
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          Income taxes payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          7,672
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          6,050
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          Current liabilities- Discontinued Operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          18,906
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          18,665
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          144,300
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          161,341
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Long-term debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          314,661
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          193,772
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Accrued pension and other non-current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          102,215
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          110,979
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Non-current liabilities- Discontinued Operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          50
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          50
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left">
          Total non-current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          416,926
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          304,801
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Stockholders' equity:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          Common stock
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          41,976
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          41,976
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          Additional paid-in capital
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          63,024
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          61,328
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          Retained earnings
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          784,687
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          761,430
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          Accumulated other comprehensive loss
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (126,777)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (121,859)
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          Treasury shares
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (310,084)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (292,080)
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          Total stockholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          452,826
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          450,795
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          Total liabilities and stockholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          1,014,052
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          916,937
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 8pt; margin-bottom: 10.0px">
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="9">
          <b>Standex International Corporation and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="9">
          <b>Statements of Consolidated Cash Flows</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="9">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="5">
          <b>Six Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid" colspan="5">
          <b>December 31,</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          (In thousands)
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Cash Flows from Operating Activities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Net income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          29,255
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          11,193
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Income (loss) from discontinued operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          2,488
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          2,968
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Income from continuing operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          26,767
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          8,225
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Adjustments to reconcile net income to net cash provided by
          operating activities:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          14,817
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          12,843
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Stock-based compensation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          2,029
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          2,877
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Non-cash portion of restructuring charge
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (132)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          664
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Contributions to defined benefit plans
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (499)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (530)
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Net changes in operating assets and liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (29,132)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          822
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Net cash provided by operating activities - continuing operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          13,850
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          24,901
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Net cash (used in) operating activities - discontinued operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          5,411
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          726
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Net cash provided by operating activities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          19,261
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          25,627
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Cash Flows from Investing Activities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 20.0px; text-align: left">
          Expenditures for property, plant and equipment
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (16,192)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (14,723)
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 20.0px; text-align: left">
          Expenditures for acquisitions, net of cash acquired
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (95,918)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (10,397)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Proceeds from life insurance policies
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          2,217
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left">
          Other investing activities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          3,144
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          1,087
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Net cash (used in) investing activities from continuing operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (108,966)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (21,816)
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Net cash provided by (used in) investing activities from
          discontinued operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          2,690
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (960)
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Net cash (used in) investing activities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (106,276)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (22,776)
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Cash Flows from Financing Activities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 20.0px; text-align: left">
          Proceeds from borrowings
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          509,500
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          108,500
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 20.0px; text-align: left">
          Payments of debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (387,500)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (87,288)
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 20.0px; text-align: left">
          Contingent consideration payment
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (910)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          -
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 20.0px; text-align: left">
          Activity under share-based payment plans
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          797
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          622
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 20.0px; text-align: left">
          Purchase of treasury stock
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (19,135)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (1,924)
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left">
          Cash dividends paid
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (4,825)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (4,312)
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Net cash provided by financing activities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          97, 927
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          15,598
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Effect of exchange rate changes on cash
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (2,340)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          2,374
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Net changes in cash and cash equivalents
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          8,572
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          20,823
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Cash and cash equivalents at beginning of year
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          109,602
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          88,566
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          Cash and cash equivalents at end of period
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          118,174
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          109,389
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 8pt; margin-bottom: 10.0px">
      <tr>
        <td colspan="17">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="17">
          <b>Standex International Corporation</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="17">
          <b>Selected Segment Data</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="17">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="5">
          <b>Three Months Ended</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="5">
          <b>Six Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid" colspan="5">
          <b>December 31,</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid" colspan="5">
          <b>December 31,</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          (In thousands)
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2017</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Net Sales</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Food Service Equipment
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          68,653
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          73,165
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          140,991
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          150,992
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Engraving
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          38,485
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          33,879
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          74,466
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          66,708
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Engineering Technologies
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          23,568
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          21,928
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          44,351
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          42,195
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Electronics
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          52,700
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          46,035
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          104,150
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          92,851
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Hydraulics
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          12,116
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          10,687
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          24,651
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          22,090
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          Total
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          195,522
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          185,694
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          388,609
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          374,836
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Income from operations</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Food Service Equipment
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          5,190
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          5,968
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          11,857
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          14,287
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Engraving
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          6,849
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          6,958
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          14,398
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          14,540
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Engineering Technologies
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          2,061
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,543
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          3,836
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          2,724
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Electronics
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          10,376
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          10,269
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          23,163
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          20,552
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Hydraulics
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,929
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,517
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          3,512
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          3,389
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Restructuring
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (177)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (1,775)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (624)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (4,732)
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Acquisition related costs
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (859)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (703)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (1,547)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (1,708)
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Corporate
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (5,162)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (6,732)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (11,743)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (13,355)
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          Total
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          20,207
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          17,045
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          42,852
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          35,697
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 8pt; margin-bottom: 10.0px">
      <tr>
        <td colspan="4">
          &#160;
        </td>
        <td colspan="9">

        </td>
        <td colspan="11">

        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="24">
          <b>Standex International Corporation</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="24">
          <b>Reconciliation of GAAP to Non-GAAP Financial Measures</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="24">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="5">
          <b>Three Months Ended</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="5">
          <b>Six Months Ended</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid" colspan="5">
          <b>December 31,</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid" colspan="5">
          <b>December 31,</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; border-bottom-style: double" colspan="2">
          (In thousands, except percentages)
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2017</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>% Change</b>
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2017</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>% Change</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left" colspan="13">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><i>Adjusted income from operations and adjusted net income from
            continuing operations:</i></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" colspan="2">
          <b>Net Sales</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          195,522
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          185,694
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          5.3%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          388,609
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          374,836
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          3.7 %
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          <b>Income from operations, as reported</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          20,207
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          17,045
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          18.6%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          42,852
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          35,697
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          20.0 %
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left" colspan="2">
          Income from operations margin
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          10.3%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          9.2%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          11.0%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          9.5%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          Adjustments:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Restructuring charges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          177
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,775
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          624
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          4,732
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Acquisition-related costs
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          859
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          703
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,547
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,708
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Purchase accounting
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          55
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          511
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          204
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="2">
          <b>Adjusted income from operations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          21,298
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          19,523
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          9.1%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          45,534
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          42,341
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          7.5%
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left" colspan="2">
          Adjusted income from operations margin
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          10.9%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          10.5%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          11.7%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          11.3%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          Interest and other income (expense), net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (3,873)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (2,035)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (6,383)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (3,850)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          Provision for income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (3,860)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (19,359)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (9,702)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (23,622)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Discrete and other tax items
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (779)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          15,016
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (779)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          15,016
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Tax impact of above adjustments
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (309)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (629)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (759)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (1,688)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" colspan="2">
          <b>Net income from continuing operations, as adjusted</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          12,477
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          12,516
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          -0.3%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          27,911
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          28,197
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          -1.0%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          <i>EBITDA and Adjusted EBITDA:</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          <b>Net income from continuing operations, as reported</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          12,474
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (4,349)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          26,767
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          8,225
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left" colspan="2">
          Net income from continuing operations margin
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          6.4%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          NM
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          6.9%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          2.2%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          Add back:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Provision for Income Taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          3,860
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          19,359
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          9,702
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          23,622
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Interest expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          3,123
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,793
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          5,368
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          3,514
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          8,161
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          6,572
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          14,817
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          12,843
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="2">
          <b>EBITDA</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          27,618
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          23,375
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          18.2%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          56,654
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          48,204
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          17.5%
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 25.0px; text-align: left" colspan="2">
          EBITDA Margin
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          14.1%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          12.6%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          14.6%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          12.9%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          Adjustments:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Restructuring charges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          177
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,775
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          624
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          4,732
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Acquisition-related costs
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          859
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          703
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,547
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1,708
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Purchase accounting
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          55
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          511
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          204
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="2">
          <b>Adjusted EBITDA</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          28,709
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          25,853
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          11.0%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          59,336
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          54,848
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          8.2%
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Adjusted EBITDA Margin
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          14.7%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          13.9%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          15.3%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          14.6%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          <i>Free operating cash flow:</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          <b>Net cash provided by operating activities - continuing
          operations, as reported</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          16,421
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          30,356
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          13,850
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          24,901
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="2">
          Less: Capital expenditures
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (8,727)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (5,867)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (16,192)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (14,723)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          <b>Free operating cash flow</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          7,694
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          24,489
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (2,342)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          10,178
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          Net income from continuing operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          12,474
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (4,349)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          26,767
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          8,225
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="2">
          Discrete tax item - tax on foreign cash
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (779)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          15,016
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (779)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          15,016
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="2">
          Adjusted net income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          11,695
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          10,667
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          25,988
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          23,241
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" colspan="2">
          <b>Conversion of free operating cash flow</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          65.8%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          229.6%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          NM
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          43.8%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 8pt; margin-bottom: 10.0px">
      <tr>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="6">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="9">

        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="24">
          <b>Standex International Corporation</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="24">
          <b>Reconciliation of GAAP to Non-GAAP Financial Measures</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="24">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="6">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="5">
          <b>Three Months Ended</b>
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" colspan="5">
          <b>Six Months Ended</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; white-space: nowrap; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid" colspan="5">
          <b>December 31,</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid" colspan="5">
          <b>December 31,</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double" colspan="2">
          <i>Adjusted earnings per share </i>

          <p style="margin-top: 0px; margin-bottom: 0px">
            <i>from continuing operations</i>
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2017</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>% Change</b>
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <b>2017</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>% Change</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="2">
          <b>Diluted earnings per share from continuing operations, as reported</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          0.98
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          (0.34)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          388.2%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          2.10
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          0.64
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          228.1%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          Adjustments:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Restructuring charges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          0.01
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          0.10
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          0.04
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          0.28
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Acquisition-related costs
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          0.05
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          0.04
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          0.09
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          0.10
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Discrete Tax Items
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (0.06)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1.18
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          (0.06)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px">
          1.18
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Purchase accounting expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          0.03
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-style: solid">
          0.01
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" colspan="2">
          <b>Diluted earnings per share from continuing operations, as adjusted</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          0.98
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          0.98
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          0.0%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          2.20
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px; text-align: left; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          2.21
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-style: double">
          (0.5%)
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i><b>Safe Harbor Language</b></i><br>Statements in this news release
      include, or may be based upon, management's current expectations,
      estimates and/or projections about Standex's markets and industries.
      These statements are forward-looking statements within the meaning of
      The Private Securities Litigation Reform Act of 1995. Actual results may
      materially differ from those indicated by such forward-looking
      statements as a result of certain risks, uncertainties and assumptions
      that are difficult to predict. Among the factors that could cause actual
      results to differ are the impact of implementation of government
      regulations and programs affecting our businesses, unanticipated legal
      judgments, fines or settlements, uncertainty in conditions in the
      financial and banking markets, general domestic and international
      economic conditions in the markets we serve, the impact of foreign
      exchange, increases in raw material costs, the ability to substitute
      less expensive alternative raw materials, changes in the heavy
      construction vehicle market, the ability to continue to successfully
      implement productivity improvements, market acceptance of our products,
      our ability to design, introduce and sell new products and related
      product components, the ability to redesign certain of our products to
      continue meeting evolving regulatory requirements, the impact of delays
      initiated by our customers, our ability to increase manufacturing
      production to meet demand, increase market share, access new markets,
      introduce new products, enhance our presence in strategic channels, the
      successful expansion and automation of manufacturing capabilities and
      diversification efforts in emerging markets, the ability to continue to
      achieve cost savings through lean manufacturing, cost reduction
      activities, and low cost sourcing, effective completion of plant
      consolidations, successful completion and integration of acquisitions,
      changes in pension funding requirements, the impact of trade tariffs as
      well as recently passed tax reform legislation in the United States and
      the other factors discussed in the Annual Report of Standex on Form 10-K
      for the fiscal year ending June 30, 2018, which is on file with the
      Securities and Exchange Commission, and any subsequent periodic reports
      filed by the Company with the Securities and Exchange Commission. In
      addition, any forward-looking statements represent management's
      estimates only as of the day made and should not be relied upon as
      representing management's estimates as of any subsequent date. While the
      Company may elect to update forward-looking statements at some point in
      the future, the Company and management specifically disclaim any
      obligation to do so, even if management's estimates change.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br><b>Thomas DeByle, CFO</b><br><b>(603) 893-9701</b><br><b>e-mail:
      <u>InvestorRelations@Standex.com</u></b>
    </p>
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</DOCUMENT>
</SEC-DOCUMENT>
