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.

CHARLOTTE, N.C., Aug. 03, 2021 (GLOBE NEWSWIRE) -- SPX Corporation (“SPX”) (NYSE: SPXC) today announced that it has completed the acquisition of Enterprise Control Systems Ltd (“ECS”). Headquartered near Northampton, UK, ECS is a leader in the design and manufacture of highly-engineered tactical datalinks and radio frequency (RF) countermeasures, including counter-drone and counter-IED RF jammers.

SPX Announces Acquisition of Enterprise Control Systems Ltd; Expands and Strengthens SPX's Communication Technologies Platform

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Over the past five years, SPX has undergone a complete transition. With the sale of the last engineered business, the transition is now complete as investors have a cautious reaction amidst a modest sales multiple fetched and dilution incurred.

SPX Corporation: Transformation Complete

Transaction Expected to Close in the Second Half of 2021;Updating Full-Year 2021 Guidance for Transaction;Management to Host Call at 8:30 am ET Today

SPX Announces Agreement to Sell SPX Transformer Solutions to GE-Prolec Transformers

Shares of SPX (NYSE:SPXC) moved lower in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 9.68% over the past year to $0.68, which beat the estimate of $0.66.

Recap: SPX Q1 Earnings

Q1 2021 GAAP EPS of $0.60; Q1 2021 Adjusted EPS* of $0.68; Updating 2021 Full-Year Guidance for Sealite Acquisition;   Anticipate Full-Year Adjusted EPS* in a Range of $3.06-$3.26

SPX Reports First Quarter 2021 Results

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SPX (SPXC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

SPX (SPXC) Reports Next Week: Wall Street Expects Earnings Growth

Further Expands and Strengthens SPX's Position in Engineered Lighting Solutions Further Expands and Strengthens SPX's Position in Engineered Lighting Solutions

SPX Announces Acquisition of Sealite Pty Ltd

CHARLOTTE, N.C., April 15, 2021 (GLOBE NEWSWIRE) -- SPX Corporation (NYSE:SPXC) announced today that it will release its first quarter 2021 financial results after market close on Thursday, May 6, 2021.

SPX to Report First Quarter 2021 Financial Results on May 6th

Angel Shelton Willis Expected to Serve on Nominating and Governance Committee Angel Shelton Willis Expected to Serve on Nominating and Governance Committee

SPX Announces Nomination of New Board Member

Shares of SPX (NYSE:SPXC) moved lower in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 7.29% year over year to $0.89, which missed the estimate of $0.94.

Recap: SPX Q4 Earnings

Q4 and Full-Year 2020 GAAP EPS of $0.58 and $2.20 Q4 and Full-Year 2020 Adjusted EPS* of $0.89 and $2.80 Introducing 2021 Full-Year Adjusted EPS* Guidance Range of $3.00-$3.20

SPX Reports Fourth Quarter and Full-Year 2020 Results

CHARLOTTE, N.C., Feb. 02, 2021 (GLOBE NEWSWIRE) -- SPX Corporation (NYSE:SPXC) announced today that it will release its fourth quarter and full-year 2020 financial results after market close on Tuesday, February 23, 2021.

SPX to Report Fourth Quarter and Full-Year 2020 Results and Present 2021 Financial Guidance on February 23rd

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Is SPX Corporation (SPXC) a great pick from the value investor's perspective right now? Read on to know more.

Can Value Investors Pick SPX Corporation (SPXC) Stock Now?

CHARLOTTE, N.C., Nov. 12, 2020 (GLOBE NEWSWIRE) -- SPX Corporation (NYSE:SPXC) today announced that it has completed the acquisition of Sensors & Software Inc. (“Sensors & Software”), based in Mississauga, Ontario. Sensors & Software is a manufacturer and distributor of Ground Penetrating Radar (GPR) products used for locating underground utilities, detecting unexploded ordinance, and geotechnical and geological investigations.

SPX Announces Purchase of Sensors & Software Inc.

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

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

SPX (SPXC) delivered earnings and revenue surprises of 23.08% and 1.51%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

SPX (SPXC) Q3 Earnings and Revenues Top Estimates

CHARLOTTE, N.C., Oct. 29, 2020 (GLOBE NEWSWIRE) -- SPX Corporation (NYSE:SPXC) today announced that Ankush Kumar, who joined the company in 2018 as President of the company's HVAC Cooling business, has been appointed as an Executive Officer of the company. Mr. Kumar will also now assume leadership for SPX's Process Cooling organization, giving him responsibility for all Cooling operations globally.   

SPX Announces Appointment of Ankush Kumar as Executive Officer and Leader of Global Cooling Businesses

Q3 GAAP EPS of $0.49; Adjusted EPS* of $0.64 Anticipate Full Year 2020 Earnings To Be Modestly-Higher-Than 2019 Growth and Continuous Improvement Initiatives Accelerating

SPX Reports Third Quarter 2020 Results

Earnings Preview: SPX (SPXC) Q3 Earnings Expected to Decline

As of late, it has definitely been a great time to be an investor in SPX.

SPX's Shares March Higher, Can It Continue?

CHARLOTTE, N.C., Oct. 08, 2020 (GLOBE NEWSWIRE) -- SPX Corporation (NYSE:SPXC) announced today that it will release its third quarter 2020 financial results after market close on Thursday, October 29, 2020.

SPX to Report Third Quarter 2020 Financial Results on October 29th

SPX Corporation is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

News for SPX Stock (SPXC)