CONSOLIDATED BALANCE SHEETS
Standex International Corporation and Subsidiaries
June 30 1999 1998
Assets
Current Assets
Cash and cash equivalents $ 5,909,283 $ 9,256,316
Receivables - less allowance of $3,590,000 in 1999
and $3,551,000 in 1998 97,871,014 98,530,861
Inventories 119,955,298 122,949,519
Prepaid expenses 4,773,403 4,493,110
Total current assets 228,508,998 235,229,806
Property, Plant and Equipment
Land and buildings 76,098,470 74,432,382
Machinery and equipment 172,814,389 177,916,799
Total 248,912,859 252,349,181
Less accumulated depreciation 144,129,886 149,375,776
Property, plant and equipment - net 104,782,973 102,973,405
Other Assets
Prepaid pension cost 32,623,677 29,254,916
Goodwill - net 32,110,262 33,148,961
Other 12,370,530 10,634,968
Total other assets 77,104,469 73,038,845
Total $410,396,440 $411,242,056
Liabilities and Stockholders' Equity
Current Liabilities
Current portion of debt $ 3,962,765 $ 2,995,231
Accounts payable 35,975,395 37,747,901
Accrued payroll and employee benefits 18,221,481 17,667,979
Income taxes 6,202,160 5,754,464
Other 17,633,469 22,121,209
Total current liabilities 81,995,270 86,286,784
Long-Term Debt - less current portion 148,111,366 163,447,647
Deferred Income Taxes 14,736,000 11,937,000
Other Non-current Liabilities 3,253,260 3,373,396
Commitments and Contingencies
Stockholders' Equity
Common stock - authorized, 60,000,000 shares
in 1999 and 30,000,000 shares in
1998; par value, $1.50 per share;
issued 27,984,278 shares in 1999 and 1998 41,976,417 41,976,417
Additional paid-in capital 9,157,664 8,516,344
Retained earnings 345,613,410 324,130,407
Accumulated other comprehensive income (3,478,156) (2,728,589)
Less cost of treasury shares: 15,088,716 shares
in 1999 and 14,917,945 in 1998 (230,968,791) (225,697,350)
Total stockholders' equity 162,300,544 146,197,229
Total $410,396,440 $411,242,056
See notes to consolidated financial statements.