Magnetics Business & Technology - September/October 2021 - 29

INDUSTRY NEWS
proximately $9.9 million or 168% year-over-year which reflected
operating leverage associated with revenue growth, profit contribution
from Renco which it acquired last year for $28 million,
and pricing and productivity initiatives. At 13.3%, the company
operating margin was the strongest ever reported for a quarter.
The electronics segment accounted for about 41% of company
sales.
" Over the past several years, we
have transformed our portfolio
around businesses with attractive
growth and margin profiles as well
as strong customer value propositions.
Today's announcement
reflects our focus on accelerating
deployment of our deep technical
and applications expertise to meet
customer needs in emerging growth
markets such as renewable energy,
electric vehicles, smart grid and
functional surfaces " said President
and CEO David Dunbar.
" We are entering fiscal 2022 well-positioned for improved financial
performance as we continue to build on our portfolio of highquality
businesses. We expect positive trends in end markets
such as electric vehicles, renewable energy, and smart grid. In
addition, there are new business opportunities in the space and
aviation sectors complemented by ongoing company-wide new
product development efforts, " he said.
The company also announced on August 12 that Flavio Maschera,
president of the engraving segment, is being elevated to
chief innovation and technology officer, a newly created position
in the company. He will lead a corporate innovation and development
team while working with the segment presidents and their
teams to drive the development of new technologies and improve
internal innovation processes.
David Dunbar, President
and CEO of Standex
" In fiscal 2022, we have a healthy pipeline of productivity and
efficiency initiatives which will provide further margin opportunity.
In particular, our focus on mitigating material inflation and
improving our cost position in the Electronics segment through
changes in reed switch production and material substitution are
expected to be substantially complete by the end of fiscal 2022, "
noted Dunbar.
The electronics group is a global component and value-added
solutions provider of both sensing and switching technologies
along with magnetic power conversion components and assemblies.
Business unit names are Standex Electronics, StandexMeder
Electronics, Northlake Engineering, Agile Magnetics,
Standex Electronics Japan, and the MEDER, KENT, and KOFU
reed switch brands. Components are manufactured in plants
located in the U.S., Mexico, the UK, Germany, Japan, China and
India.
For more info, see www.standex.com.
magnetic
instrumentation
* Magnetizers &
Demagnetizers
* Production & Prototype
Magnetizing Fixtures
* Automated Flux Scanners
* Hard & Soft Hysteresigraphs
* Gaussmeters & Fluxmeters
* Helmholtz Coils
* KJS Associates™
Measurement Services
* ISO 17025 Accredited
Calibration
* Magnetizing Services
* Magnetic Consulting
* Prototype Design &
Fabrication
* FEA Services
* Professional Seminars
Production
Magnetizing
Systems
Standard & Custom
Systems built
with Advanced
Technologies
(317) 842-7500 * MAGINST.COM
www.MagneticsMag.com
September/October 2021 * Magnetics Business & Technology 29
http://www.standex.com http://www.MAGINST.COM http://www.MagneticsMag.com

Magnetics Business & Technology - September/October 2021

Table of Contents for the Digital Edition of Magnetics Business & Technology - September/October 2021

Magnetics Business & Technology - September/October 2021
Editor’s Choice/ Features
Reduced-Helium Magnets from Philips a Game-Changer in MRI Scanners
Driven by Global Pandemic, Magnetic Diagnostics Tools from Luminex Take Part in 98% Jump in Business
World’s Most Powerful Tidal Turbine Launched Offshore Scotland
Research & Development
Product News
Industry News
Events Calendar/ Advertising Index
Magnetic Levitation Studied at JPL for Moving Payloads Around the Moon
Visions
Magnetics Business & Technology - September/October 2021 - Magnetics Business & Technology - September/October 2021
Magnetics Business & Technology - September/October 2021 - Cover2
Magnetics Business & Technology - September/October 2021 - 3
Magnetics Business & Technology - September/October 2021 - Editor’s Choice/ Features
Magnetics Business & Technology - September/October 2021 - 5
Magnetics Business & Technology - September/October 2021 - Reduced-Helium Magnets from Philips a Game-Changer in MRI Scanners
Magnetics Business & Technology - September/October 2021 - 7
Magnetics Business & Technology - September/October 2021 - Driven by Global Pandemic, Magnetic Diagnostics Tools from Luminex Take Part in 98% Jump in Business
Magnetics Business & Technology - September/October 2021 - 9
Magnetics Business & Technology - September/October 2021 - 10
Magnetics Business & Technology - September/October 2021 - 11
Magnetics Business & Technology - September/October 2021 - 12
Magnetics Business & Technology - September/October 2021 - 13
Magnetics Business & Technology - September/October 2021 - 14
Magnetics Business & Technology - September/October 2021 - 15
Magnetics Business & Technology - September/October 2021 - World’s Most Powerful Tidal Turbine Launched Offshore Scotland
Magnetics Business & Technology - September/October 2021 - 17
Magnetics Business & Technology - September/October 2021 - Research & Development
Magnetics Business & Technology - September/October 2021 - 19
Magnetics Business & Technology - September/October 2021 - Product News
Magnetics Business & Technology - September/October 2021 - 21
Magnetics Business & Technology - September/October 2021 - 22
Magnetics Business & Technology - September/October 2021 - 23
Magnetics Business & Technology - September/October 2021 - 24
Magnetics Business & Technology - September/October 2021 - 25
Magnetics Business & Technology - September/October 2021 - Industry News
Magnetics Business & Technology - September/October 2021 - 27
Magnetics Business & Technology - September/October 2021 - 28
Magnetics Business & Technology - September/October 2021 - 29
Magnetics Business & Technology - September/October 2021 - 30
Magnetics Business & Technology - September/October 2021 - 31
Magnetics Business & Technology - September/October 2021 - Events Calendar/ Advertising Index
Magnetics Business & Technology - September/October 2021 - 33
Magnetics Business & Technology - September/October 2021 - Visions
Magnetics Business & Technology - September/October 2021 - Cover3
Magnetics Business & Technology - September/October 2021 - Cover4
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2023januaryfebruary
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2022novemberdecember
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2022septemberoctober
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2022julyaugust
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2022mayjune
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2022marchapril
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2022januaryfebruary
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2021novemberdecember
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2021septemberoctober
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2021julyaugust
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2021mayjune
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2021marchapril
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2021januaryfebruary
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2020novemberdecember
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2020septemberoctober
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2020julyaugust
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2020mayjune
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2020marchapril
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2020januaryfebruary
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2019novemberdecember
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2019septemberoctober
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2019julyaug
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2019mayjune
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2019marchapril
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2019janfeb
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2018winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2018summer
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2018spring
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2017winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2017summer
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2017spring
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2016winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2016summer
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2016spring
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2015winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2015summer
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2015spring
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2014winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2014summer
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2014spring
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2013winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2013fall
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2013summer
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2013spring
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2012winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2012fall
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2012summer
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2012spring
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2011winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2011fall
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2011summer
https://www.nxtbookmedia.com