SPX Corporation supplies infrastructure equipment serving the heating, ventilation and cooling (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. The HVAC segment engineers, designs, manufactures, installs, and services cooling products for the HVAC and industrial markets under the Marley and Recold brands; boilers, comfort heating, and ventilation products for the residential and commercial markets under the Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, and Williamson-Thermoflo brand names; and cooling towers. The Detection and Measurement segment offers underground pipe and cable locators, and inspection and rehabilitation equipment, and robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Warren G-V, Cues, and ULC Robotics brands; and bus fare collection systems, communication technologies, and obstruction lighting products under the Genfare, TCI, Flash Technology, and Sabik Marine brand names. The Engineered Solutions segment provides transformers for the power transmission and distribution markets; and process cooling equipment for the industrial and power generation markets. This segment sells transformers for publicly and privately held utilities under the Waukesha brand name; and process cooling products under the SPX Cooling and Marley brand names. The company markets its products through independent manufacturing representatives, third-party distributors, and retailers, as well as direct to customers. SPX Corporation was founded in 1912 and is headquartered in Charlotte, North Carolina.
IPO Year:
Exchange: NYSE
Website: spx.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/18/2024 | Outperform → Perform | Oppenheimer | |
7/5/2023 | $80.00 → $90.00 | Buy → Neutral | UBS |
4/17/2023 | $80.00 | Outperform | William Blair |
11/4/2021 | Outperform → Market Perform | William Blair | |
8/6/2021 | $72.00 → $74.00 | Outperform | Oppenheimer |
8-K - SPX Technologies, Inc. (0000088205) (Filer)
8-K - SPX Technologies, Inc. (0000088205) (Filer)
11-K - SPX Technologies, Inc. (0000088205) (Filer)
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8-K - SPX Technologies, Inc. (0000088205) (Filer)
8-K - SPX Technologies, Inc. (0000088205) (Filer)
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Q2 GAAP EPS of $0.96; Adjusted EPS* of $1.42Raising Full-Year 2024 Adjusted EPS* Guidance to Range of $5.45-$5.60 CHARLOTTE, N.C., Aug. 01, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the second quarter ended June 29, 2024. Gene Lowe, President and CEO, remarked, "I'm very pleased with our strong Q2 performance, which included substantial growth in all of our key profit measures and significant margin expansion in both segments. During the quarter we continued to see solid demand across several key markets and our businesses executed well operationally." Mr. Lowe continued, "During Q2, we made s
CHARLOTTE, N.C., July 11, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it will release its financial results for the second quarter of fiscal year 2024 after the U.S. financial markets close on Thursday, August 1, 2024. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Thursday, August 1, 2024, at 4:45 p.m. (Eastern Time). A live webcast of the call and the slide presentation will be available on the "Investor Relations" page
CHARLOTTE, N.C., June 10, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", or the "Company), is pleased to announce the appointment of Cherée Johnson as its new Chief Legal Officer and Secretary, effective June 10, 2024. She succeeds John W. Nurkin, who earlier this year announced his decision to retire. Ms. Johnson joins SPX with a diverse background of global operations and legal experience across multiple industries. Gene Lowe, President and CEO, commented, "We are very pleased to welcome Cherée to the SPX Technologies team. Her extensive legal and executive leadership expertise is an excellent fit with SPX's growth and operational initiatives, including M&A, sust
Q1 GAAP EPS of $1.05; Adjusted EPS* of $1.25 Strong Demand and Execution in HVAC Raising 2024 Full-Year Adjusted EPS* Guidance to a Range of $5.15 to $5.40 CHARLOTTE, N.C., May 02, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the first quarter ended March 30, 2024. Gene Lowe, President and CEO, remarked, "I'm very pleased with our strong Q1 performance, which included substantial growth in all of our key profit measures and significant margin expansion in both segments. During the quarter we continued to see solid demand across several key markets and our businesses executed well operationally." Mr. Low
CHARLOTTE, N.C., April 15, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it will release its financial results for the first quarter of fiscal year 2024 after the U.S. financial markets close on Thursday, May 2, 2024. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Thursday, May 2, 2024, at 4:45 p.m. (Eastern Time). A live webcast of the call and the slide presentation will be available on the "Investor Relations" page of the
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 CHARLOTTE, N.C., Feb. 22, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the fourth quarter and year ended December 31, 2023. Gene Lowe, President and CEO, remarked, "I am very pleased with our full-year 2023 resul
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. Key presenters will include: Gene Lowe, Chief Executive OfficerMark Carano, Chief Financial OfficerSean McClenaghan, President, HVAC SegmentJohn Swann, President, Detection & Measurement SegmentRandy Data
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. Headquartered in Mirabel, Quebec, Canada, Ingénia specializes in the design and manufacture of custom air handling units and has a strong reputation for superior performance and quality. Ingénia's products are favored for applications that demand high levels of precision and reliability in healthcare, pharmaceutical
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. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Thursday, February 22, 2024, at 4:45 p.m. (Eastern Time). A live webcast of the call and the slide presentation will be available on the "Inv
GRAND JUNCTION, Colo., Nov. 06, 2023 (GLOBE NEWSWIRE) -- ProStar Holdings Inc., ("ProStar®" or "the Company") (TSXV:MAPS) (OTCQX:MAPPF) (FSE: 5D00), a world leader in Precision Mapping Solutions, is pleased to announce that ProStar and Radiodetection, a division of SPX Technologies, Inc. (NYSE:SPXC), have entered into a commercial business collaboration, whereby ProStar has granted Radiodetection a non-exclusive worldwide license to distribute PointMan and the rights to use PointMan to support the sale of Radiodetection utility locators. Radiodetection is a world leader in the management of critical infrastructure and utilities, providing equipment and solutions designed to prevent damage
Oppenheimer downgraded SPX Technologies from Outperform to Perform
UBS downgraded SPX Corp from Buy to Neutral and set a new price target of $90.00 from $80.00 previously
William Blair resumed coverage of SPX Corp with a rating of Outperform and set a new price target of $80.00
William Blair downgraded SPX from Outperform to Market Perform
Oppenheimer reiterated coverage of SPX with a rating of Outperform and set a new price target of $74.00 from $72.00 previously
Oppenheimer resumed coverage of SPX with a rating of Buy and set a new price target of $64.00
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Q2 GAAP EPS of $0.96; Adjusted EPS* of $1.42Raising Full-Year 2024 Adjusted EPS* Guidance to Range of $5.45-$5.60 CHARLOTTE, N.C., Aug. 01, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the second quarter ended June 29, 2024. Gene Lowe, President and CEO, remarked, "I'm very pleased with our strong Q2 performance, which included substantial growth in all of our key profit measures and significant margin expansion in both segments. During the quarter we continued to see solid demand across several key markets and our businesses executed well operationally." Mr. Lowe continued, "During Q2, we made s
CHARLOTTE, N.C., July 11, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it will release its financial results for the second quarter of fiscal year 2024 after the U.S. financial markets close on Thursday, August 1, 2024. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Thursday, August 1, 2024, at 4:45 p.m. (Eastern Time). A live webcast of the call and the slide presentation will be available on the "Investor Relations" page
Q1 GAAP EPS of $1.05; Adjusted EPS* of $1.25 Strong Demand and Execution in HVAC Raising 2024 Full-Year Adjusted EPS* Guidance to a Range of $5.15 to $5.40 CHARLOTTE, N.C., May 02, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the first quarter ended March 30, 2024. Gene Lowe, President and CEO, remarked, "I'm very pleased with our strong Q1 performance, which included substantial growth in all of our key profit measures and significant margin expansion in both segments. During the quarter we continued to see solid demand across several key markets and our businesses executed well operationally." Mr. Low
CHARLOTTE, N.C., April 15, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it will release its financial results for the first quarter of fiscal year 2024 after the U.S. financial markets close on Thursday, May 2, 2024. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Thursday, May 2, 2024, at 4:45 p.m. (Eastern Time). A live webcast of the call and the slide presentation will be available on the "Investor Relations" page of the
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 CHARLOTTE, N.C., Feb. 22, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the fourth quarter and year ended December 31, 2023. Gene Lowe, President and CEO, remarked, "I am very pleased with our full-year 2023 resul
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. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Thursday, February 22, 2024, at 4:45 p.m. (Eastern Time). A live webcast of the call and the slide presentation will be available on the "Inv
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 CHARLOTTE, N.C., Nov. 02, 2023 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the third quarter ended September 30, 2023. Gene Lowe, President and CEO remarked, "During Q3, our businesses continued to perform well, and the overall demand for our products remained strong. We achieved significant year-on-year revenue and margin growth, and our recent acquisitions delivered solid results." Mr. Lowe continued, "Considering our year-to-date performance and outlook, we are increasing our full-year 2023 guidan
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. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Thursday, November 2, 2023, at 4:45 p.m. (Eastern Time). A live webcast of the call and the slide presentation will
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 CHARLOTTE, N.C., Aug. 02, 2023 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the second quarter ended July 1, 2023. Gene Lowe, President and CEO, remarked, "I am very pleased with our Q2 and year-to-date results, which were driven by overall strong demand and execution. Our HVAC Cooling platform, in particular, continued to achieve strong performance facilitated by our investments in efficiency and continuous improvement, and benefited from a high level of backlog and more stable labor and supply c
CHARLOTTE, N.C., July 14, 2023 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it will release its financial results for the second quarter of fiscal year 2023 after the U.S. financial markets close on Wednesday, August 2, 2023. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook during a conference call on Wednesday, August 2, 2023, at 4:45 p.m. (Eastern Time). A live webcast of the call and the slide presentation will be available on the "Investor Relations" p
CHARLOTTE, N.C., June 10, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", or the "Company), is pleased to announce the appointment of Cherée Johnson as its new Chief Legal Officer and Secretary, effective June 10, 2024. She succeeds John W. Nurkin, who earlier this year announced his decision to retire. Ms. Johnson joins SPX with a diverse background of global operations and legal experience across multiple industries. Gene Lowe, President and CEO, commented, "We are very pleased to welcome Cherée to the SPX Technologies team. Her extensive legal and executive leadership expertise is an excellent fit with SPX's growth and operational initiatives, including M&A, sust
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. Gene Lowe, President and CEO, commented, "We are very pleased to welcome Mark to the SPX Technologies team. His impressive track record as a public-company CFO, and his strong background in engineered products and growth investments are an excellent fit with S
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. Mr. McClenaghan brings over 25 years of extensive executive leadership experience to the SPX team. He joins SPX from Reliance Worldwide Corporation (RWC), where he served as Chief Executive Officer of RWC Americas. Before joining RWC in 2014, he spent over fifteen years in various strategic consulting and business development roles with McKinsey & Company, CHB Capital Partners, and Egon Zehnder. He began his career with DuPont, holding several operational and management
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. Gene Lowe, President and CEO of SPX Technologies commented, "I want to thank Jamie for his leadership and his contributions. Over the last two years, Jamie
Oppenheimer analyst Bryan Blair downgrades SPX Techs (NYSE:SPXC) from Outperform to Perform.
SPX Techs's (NYSE:SPXC) short percent of float has risen 19.73% since its last report. The company recently reported that it has 575 thousand shares sold short, which is 1.76% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.26 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
SPX Techs (NYSE:SPXC) has outperformed the market over the past 5 years by 20.77% on an annualized basis producing an average annual return of 33.93%. Currently, SPX Techs has a market capitalization of $6.62 billion. Buying $100 In SPXC: If an investor had bought $100 of SPXC stock 5 years ago, it would be worth $429.43 today based on a price of $143.30 for SPXC at the time of writing. SPX Techs's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and revie
SPX Techs's (NYSE:SPXC) short percent of float has risen 10.0% since its last report. The company recently reported that it has 608 thousand shares sold short, which is 1.87% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.04 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is i
SPX Techs (NYSE:SPXC) has outperformed the market over the past 5 years by 20.28% on an annualized basis producing an average annual return of 33.11%. Currently, SPX Techs has a market capitalization of $6.18 billion. Buying $1000 In SPXC: If an investor had bought $1000 of SPXC stock 5 years ago, it would be worth $4,235.35 today based on a price of $133.71 for SPXC at the time of writing. SPX Techs's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and r
SPX Techs (NYSE:SPXC) has outperformed the market over the past 5 years by 23.18% on an annualized basis producing an average annual return of 37.15%. Currently, SPX Techs has a market capitalization of $6.67 billion. Buying $1000 In SPXC: If an investor had bought $1000 of SPXC stock 5 years ago, it would be worth $4,758.98 today based on a price of $144.34 for SPXC at the time of writing. SPX Techs's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and r
UBS analyst Damian Karas maintains SPX Techs (NYSE:SPXC) with a Neutral and raises the price target from $126 to $142.
SPX Techs's (NYSE:SPXC) short percent of float has fallen 9.29% since its last report. The company recently reported that it has 540 thousand shares sold short, which is 1.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.35 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is