SPX Technologies, Inc. is a supplier of engineered products and technologies in the HVAC and detection and measurement markets. The company was founded in 1912 and is headquartered in Charlotte, NC.

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SPX (SPXC) exceeds Q4 expectations, eyes growth through digital initiatives

SPX (SPXC) delivered strong Q4 2022 results, with revenue and margin growth in key segments and a positive outlook for 2023.
The company's focus on digital initiatives and new CFO appointment position it well for future growth.
Challenges include working capital normalization and questions on sales outlook and margin guidance.
Opportunities lie in cooling product opportunities, digital initiatives, and long-term revenue stream building.

SPX Technologies excels in Q1, eyes growth through strategic acquisitions

SPX Technologies reported exceptional Q1 results, with strong revenue growth and margin expansion in the HVAC segment. Acquisitions and strategic initiatives are set to drive further growth, while challenges around potential recession impacts and labor competition persist. The company remains optimistic about future opportunities and is well-positioned for continued success.

SPX Technologies excels in Q2, raises guidance amid growth prospects

SPX Technologies delivered impressive Q2 results, raising full-year adjusted EPS guidance and positioning for continued growth. Executives expressed confidence in future growth, addressing pricing power, demand trends, and acquisitions progress. The company remains positive about opportunities in key segments and is focused on margin sustainability.

SPX Technologies reports strong Q3 growth and eyes future opportunities

SPX Technologies demonstrated robust growth in Q3, raising full-year guidance and showcasing strength in key segments.
While challenges like managing debt and evolving standards exist, the company is well-positioned to capitalize on growth opportunities.
With a focus on innovation, sustainability, and strategic partnerships, SPX is poised for continued success in the future.
Investors can be optimistic about SPX's performance and strategic direction, supported by strong financial metrics and growth prospects.

SPX Technologies posts strong Q4 results, eyes growth opportunities

SPX Technologies reported a robust Q4 performance with significant growth in adjusted EBITDA and EPS, driven by strategic acquisitions.
While facing challenges such as organic revenue decline and margin pressures, the company remains well-positioned for future growth.
Opportunities lie in leveraging recent acquisitions, improving organic growth strategies, and optimizing capital structure for sustained success.
Overall, SPX's financial strength, operational efficiency, and strategic guidance for 2024 signal a positive outlook for investors.

SPX (SPXC) reports strong Q1 performance, raises full-year guidance

SPX (SPXC) delivered a robust Q1 performance with significant revenue and profit growth, prompting an increase in full-year guidance. While challenges exist in maintaining growth and managing debt, the company's strategic focus on key segments and financial discipline position it well for future opportunities.

SPX Technologies excels in Q2, raises full-year guidance

SPX Technologies had a robust Q2, marked by significant revenue and profit growth, particularly in the HVAC segment. Despite challenges in the Detection & Measurement segment, the company's strategic initiatives and product successes are positioning it for continued success. With improved guidance and a focus on innovation, SPX is poised for sustained growth.

SPX Technologies reports robust Q3 results, eyes sustainable growth strategies

SPX Technologies demonstrated strong financial performance in Q3 2024, driven by robust revenue growth in the HVAC segment and improved margins despite challenges in the Detection & Measurement segment.
Maintaining guidance and focusing on sustainability initiatives indicate a proactive approach to future growth and market adaptation, while addressing analyst inquiries reflects transparency and strategic planning.
With a solid financial position, strategic focus on growth areas, and opportunities for expansion and innovation, SPX Technologies is poised for continued success and value creation in the market.

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SPX Technologies, Inc. engages in the supply of infrastructure equipment. It operates through the HVAC and Detection and Measurement segments. The HVAC segment engineers, designs, manufactures, installs, and services cooling products and engineered air quality solutions to the HVAC and industrial markets, as well as heating and ventilation products for the residential and commercial markets. The Detection and Measurement segment engineers, designs, manufactures, services, and installs underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems, fare collection systems, communication technologies, and obstruction lighting. The company was founded in 1912 and is headquartered in Charlotte, NC.

SPX Technologies (SPXC) came out with quarterly earnings of $1.25 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.17 per share a year ago.

SPX Technologies (SPXC) Q4 Earnings Meet Estimates

GAAP EPS of $0.67 in Q4 2023 Compared with $(0.55) in Q4 2022  GAAP EPS of $3.10 in Full-Year 2023 Compared with $0.43 in Full-Year 2022  GAAP Net Income of $89.9 million in Full-Year 2023 Compared with $0.2 million in Full-Year 2022  Q4 and Full-Year Adjusted EPS* of $1.25 and $4.31 in 2023 Compared with $1.17 and $3.10 in 2022  Introducing 2024 Full-Year Adjusted EPS* Guidance Range of $4.85-$5.15

SPX Reports Fourth Quarter and Full-Year 2023 Results

CHARLOTTE, N.C., Feb. 20, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) today announced that it will host an Investor Day in New York City on Tuesday, March 26, 2024. Gene Lowe, President and Chief Executive Officer of SPX Technologies and other members of the management team will provide an in-depth review of the Company's strategy, growth drivers, financial outlook and key initiatives. The event will include formal presentations as well as a Q&A session with senior leadership.

SPX Technologies to Host 2024 Investor Day on March 26th

Beyond analysts' top -and-bottom-line estimates for SPX Technologies (SPXC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

Wall Street's Insights Into Key Metrics Ahead of SPX Technologies (SPXC) Q4 Earnings

Further Expands Strategic Positioning in Engineered Air MovementAccretive to HVAC Segment Growth and Margin CHARLOTTE, N.C., Feb. 07, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it has acquired privately held Ingénia Technologies (“Ingénia”) for approximately CA$405 million (approximately US$300 million) in cash, including acquired real estate.

SPX Technologies Announces Acquisition of Ingénia

CHARLOTTE, N.C., Jan. 30, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it will release its financial results for the fourth quarter and full-year of fiscal year 2023 after the U.S. financial markets close on Thursday, February 22, 2024.

SPX Technologies to Report Fourth Quarter and Full-Year 2023 Financial Results and Present 2024 Financial Guidance

SPX Technologies (SPXC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

SPX Technologies, Inc. (SPXC) Soars to 52-Week High, Time to Cash Out?

Thomson Reuters

Investors interested in stocks from the Technology Services sector have probably already heard of SPX Technologies (SPXC) and Thomson Reuters (TRI). But which of these two stocks presents investors with the better value opportunity right now?

SPXC vs. TRI: Which Stock Is the Better Value Option?

SPX Technologies, Inc. (SPXC) Hits Fresh High: Is There Still Room to Run?

Investors with an interest in Technology Services stocks have likely encountered both SPX Technologies (SPXC) and Thomson Reuters (TRI). But which of these two stocks is more attractive to value investors?

SPXC or TRI: Which Is the Better Value Stock Right Now?

SPX Technologies is expected to benefit from strong demand in its end markets, including reshoring trends and federal stimulus funds. The company has shown improvement in margins and is expected to see further upside in FY24. SPX Technologies has good growth prospects driven by a healthy backlog, strong end markets, and inorganic growth opportunities.

SPX Technologies: Good Growth Prospects And Potential For A Re-Rating

SPX Technologies (SPXC) could produce exceptional returns because of its solid growth attributes.

Is SPX Technologies (SPXC) a Solid Growth Stock? 3 Reasons to Think "Yes"

SPX Technologies, Inc. (NYSE:SPXC ) Q3 2023 Earnings Conference Call November 2, 2023 4:45 PM ET Company Participants Paul Clegg - Vice President of Investor Relations & Communications Eugene Lowe - President, Chief Executive Officer & Director Mark Carano - Vice President, Chief Financial Officer & Treasurer Conference Call Participants Bryan Blair - Oppenheimer Lawrence De Maria - William Blair & Company Stephen Ferazani - Sidoti & Company Walter Liptak - Seaport Research Partners Damian Karas - UBS Operator Good day and thank you for standing by. Welcome to the Q3 2023 SPX Technologies Earnings Conference Call.

SPX Technologies, Inc. (SPXC) Q3 2023 Earnings Call Transcript

The headline numbers for SPX Technologies (SPXC) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About SPX Technologies (SPXC) Q3 Earnings

Q3 GAAP EPS of $0.76; Adjusted EPS* of $1.06 Raising Full-Year 2023 Adjusted EPS* Guidance to Range of $4.22-4.32

SPX Technologies Reports Third Quarter 2023 Results

Beyond analysts' top -and-bottom-line estimates for SPX Technologies (SPXC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2023.

Countdown to SPX Technologies (SPXC) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS

CHARLOTTE, N.C., Oct. 12, 2023 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX Technologies” or the “Company”) announced today that it will release its financial results for the third quarter of fiscal year 2023 after the U.S. financial markets close on Thursday, November 2, 2023.

SPX Technologies to Report Third Quarter 2023 Financial Results

SPX Technologies, Inc. is expected to benefit from strong demand and backlog levels in its HVAC and Detection & Measurement segments. The company's revenue increased 19.6% YoY in Q2 2023, driven by organic growth and acquisitions. SPXC's long-term margin outlook is positive, with improvements expected from operational execution and volume leverage.

SPX Technologies: A Good Buy At Current Levels

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CHARLOTTE, N.C., Sept. 14, 2023 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that its sixth annual sustainability report with data covering 2022 is available on the company's website at (https://www.spx.com/our-company/esg-reporting/).

SPX Introduces Sixth Annual Sustainability Report

SPX Technologies, Inc. (NYSE:SPXC ) Q2 2023 Earnings Conference Call August 2, 2023 4:45 PM ET Company Participants Paul Clegg - VP, IR & Communications Eugene Lowe - President, CEO & Director Mark Carano - VP, CFO & Treasurer Conference Call Participants Bryan Blair - Oppenheimer Lawrence De Maria - William Blair & Company Stephen Ferazani - Sidoti & Company Walter Liptak - Seaport Research Partners Damian Karas - UBS Operator Good day, and thank you for standing by. Welcome to the Q2 2023 SPX Technologies Earnings Conference Call.

SPX Technologies, Inc. (SPXC) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for SPX Technologies (SPXC) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

SPX Technologies (SPXC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

SPX Technologies (SPXC) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.71 per share a year ago.

SPX Technologies (SPXC) Surpasses Q2 Earnings and Revenue Estimates

Q2 GAAP EPS of $0.82 ; Adjusted EPS* of $1.06  Raising Full-Year 2023 Adjusted EPS* Guidance to Range of $4.15-4.30

SPX Technologies Reports Second Quarter 2023 Results

SPX Technologies' (SPXC) second-quarter 2023 earnings and revenues are likely to have increased year over year.

News for SPX Stock (SPXC)