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.

NEW YORK , April 6, 2023 /PRNewswire/ -- A. Buchholtz & Company ("AB&C") is pleased to announce the acquisition of its client, T.

A. Buchholtz & Company Closes Sale of TAMCO to SPX Technologies

Expands Position in Engineered Air Movement;Accretive to HVAC Segment Growth and Margin

SPX Technologies Announces Acquisition of TAMCO

CHARLOTTE, N.C., March 15, 2023 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it will deliver a presentation and host one-on-one meetings with investors on March 22, 2023, at the Sidoti March Virtual Investor Conference. Representing the company will be Gene Lowe, President and Chief Executive Officer, and Mark Carano, Vice President and Chief Financial Officer.

SPX Technologies to Present at the Sidoti Virtual Conference on March 22nd

SPX Technologies, Inc. (NYSE:SPXC ) Q4 2022 Earnings Conference Call February 23, 2023 4:45 PM ET Company Participants Paul Clegg - Investor Relations Gene Lowe - President and Chief Executive Officer Mark Carano - Chief Financial Officer Mike Reilly - Chief Accounting Officer Conference Call Participants Damian Karas - UBS Bryan Blair - Oppenheimer Steve Ferazani - Sidoti Damian Karas - UBS Operator Good day and thank you for standing by. Welcome to the Q4 2022 SPX Technologies Earnings Conference Call.

SPX Technologies, Inc. (SPXC) Q4 2022 Earnings Call Transcript

SPX Technologies (SPXC) delivered earnings and revenue surprises of 19.39% and 2.70%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

SPX Technologies (SPXC) Q4 Earnings and Revenues Beat Estimates

Q4 and Full-Year GAAP EPS of $(0.55) and $0.43  Q4 and Full-Year Adjusted EPS* of $1.17 and $3.10  Introducing 2023 Full-Year Adjusted EPS* Guidance Range of $3.30-$3.55

SPX Reports Fourth Quarter and Full-Year 2022 Results

CHARLOTTE, N.C., Jan. 26, 2023 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the fourth quarter and full-year of fiscal year 2022 after the U.S. financial markets close on Thursday, February 23, 2023.

SPX Technologies to Report Fourth Quarter and Full-Year 2022 Financial Results and Present 2023 Financial Guidance

SPX Technologies is turning itself around, eyeing a breakout as this industrial machinery stock builds a base. The post SPX Technologies Is Building A Base; Can This Machinery Stock Pump Out A Breakout?

SPX Technologies Is Building A Base; Can This Machinery Stock Pump Out A Breakout?

CHARLOTTE, N.C., Dec. 07, 2022 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (“SPX Technologies,” or “SPX”) (NYSE:SPXC) today announced the appointment of Mark A. Carano as Vice President, Chief Financial Officer and Treasurer, effective January 3, 2023. Mr. Carano joins SPX Technologies with extensive executive experience in finance, accounting, strategy, and business development, including senior leadership roles in public companies.

SPX Technologies Announces Appointment of Mark Carano as Chief Financial Officer

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) Hit a 52 Week High, Can the Run Continue?

SPX Technologies, Inc. (NYSE:SPXC ) Q3 2022 Results Conference Call November 3, 2022 4:45 PM ET Company Participants Paul Clegg - VP, IR and Communications Gene Lowe - President and CEO Mike Reilly - Chief Accounting Officer and Interim CFO Conference Call Participants Damian Karas - UBS Bryan Blair - Oppenheimer Steve Ferazani - Sidoti Walter Liptak - Seaport Research Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q3 2022 SPX Corporation Earnings Call. [Operator Instructions] I would now like to turn the call over to your host, Paul Clegg, VP, Investor Relations and Communications.

SPX Technologies, Inc. (SPXC) Q3 2022 Earnings Call Transcript

SPX Technologies (SPXC) delivered earnings and revenue surprises of 22.73% and 5.26%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

SPX Technologies (SPXC) Q3 Earnings and Revenues Beat Estimates

CHARLOTTE, N.C., Nov. 03, 2022 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it has released its fifth annual sustainability report with data covering 2021. The report is available on the company's website at (https://www.spx.com/our-company/esg-reporting/).

SPX Introduces Fifth Annual Sustainability Report

Q3 GAAP EPS of $0.27 ; Adjusted EPS* of $0.81 Organic Growth Across All Platforms; Solid Contribution from Acquisitions Raising Full-Year 2022 Adjusted EPS* Guidance to Range of $2.85-2.95

SPX Reports Third Quarter 2022 Results

CHARLOTTE, N.C., Nov. 01, 2022 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (“SPX Technologies,” or “SPX”) (NYSE:SPXC) today announced that it has divested three wholly-owned subsidiaries (“the subsidiaries”) that hold asbestos liabilities and certain assets, including related insurance assets, to Canvas Holdco LLC (“Canvas”), an entity formed by a joint venture of Global Risk Capital LLC and an affiliate of Premia Holdings Ltd. In connection with this transaction, SPX contributed $138.8 million in cash to the subsidiaries, financed with cash on hand; while Canvas made a capital contribution to the subsidiaries of $8 million. SPX anticipates that the divestiture will result in an annual benefit to its Adjusted Earnings Per Share of $0.08 to $0.10 beginning in 2023.

SPX Technologies Divests Legacy Asbestos Liabilities

CHARLOTTE, N.C., Oct. 17, 2022 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (“SPX Technologies,” or “SPX”) (NYSE:SPXC) today announced two new senior leaders in areas essential to the company's growth strategy. SPX has named Darnell Smith as the company's new Chief Information Officer (CIO), bringing over 30 years of Information Technology experience across a wide array of industries and organizations, and Michael Daly as VP, Global Head of Strategy and Business Development, bringing decades of global M&A leadership experience in diversified industrials.

SPX Names CIO and VP Strategy & Development

CHARLOTTE, N.C., Oct. 12, 2022 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the third quarter of fiscal year 2022 after the U.S. financial markets close on Thursday, November 3, 2022.

SPX to Report Third Quarter 2022 Financial Results

CHARLOTTE, N.C., Sept. 26, 2022 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (“SPX Technologies”) today announced the appointment of Sean McClenaghan as President, Global Cooling and an Executive Officer of SPX Technologies.

SPX Announces Appointment of Sean McClenaghan as President, Global Cooling and Executive Officer of SPX Technologies, Inc.

CHARLOTTE, N.C., Sept. 01, 2022 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) today announced that Jamie Harris, Vice President, Chief Financial Officer and Treasurer has informed the Company of his decision to resign effective September 23, 2022 in order to pursue a new opportunity as the CFO of another public company. SPX has begun a process to search for a new CFO and will provide an update at a future date. During this transition period, Mike Reilly, SPX's Chief Accounting Officer & VP, Finance, has been named interim CFO.

SPX Announces Resignation of Jamie Harris, Chief Financial Officer and Treasurer

Thomson Reuters

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

SPXC vs. TRI: Which Stock Should Value Investors Buy Now?

CHARLOTTE, N.C., Aug. 15, 2022 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (“SPX Technologies”) (NYSE:SPXC), as the successor registrant to SPX Corporation, announced today that it has finalized the reorganization of its corporate legal structure, pursuant to Section 251(g) of the Delaware General Corporation Law.

SPX Completes Corporate Legal Structure Reorganization; SPX Technologies, Inc. is Now the Publicly Traded Entity

SPX Corp (NYSE:SPXC ) Q2 2022 Earnings Conference Call August 4, 2022 4:45 PM ET Company Participants Paul Clegg - VP, IR & Communications Eugene Lowe - President, CEO & Director James Harris - CFO, VP & Treasurer Conference Call Participants Damian Karas - UBS Bryan Blair - Oppenheimer Stephen Ferazani - Sidoti & Company Walter Liptak - Seaport Research Partners Operator Thank you for standing by, and welcome to the Second Quarter 2022 SPX Corporation Earnings Conference Call. [Operator Instructions].

SPX Corp (SPXC) CEO Eugene Lowe on Q2 2022 Results - Earnings Call Transcript

SPX (SPXC) delivered earnings and revenue surprises of 16.39% and 3.68%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

SPX (SPXC) Q2 Earnings and Revenues Top Estimates

Q2 GAAP EPS of $0.41; Adjusted EPS* of $0.71 Raising Full-Year 2022 Adjusted EPS* Guidance to Range of $2.70-2.85 Repurchased $34 Million of Common Stock Announcing Plan to Reorganize Legal Structure

SPX Reports Second Quarter 2022 Results

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.

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