SPX FLOW, Inc., together with its subsidiaries, designs, delivers, and services process technology solutions that perform mixing, blending, fluid handling, separation, thermal heat transfer, and other activities. It operates in two segments, Food and Beverage; and Industrial. The Food and Beverage segment offers homogenizers, pumps, valves, separators, and heat exchangers primarily under the APV, Gerstenberg Schroeder, Seital, and Waukesha Cherry-Burrell brands. The Industrial segment offers air dryers, filtration equipment, mixers, pumps, hydraulic technologies, and heat exchangers primarily under the Airpel, APV, Bolting Systems, Bran+Luebbe, Deltech, Hankison, Jemaco, Johnson Pump, LIGHTNIN, POSI LOCK, Power Team, and Stone brands. This segment primarily serves customers in the chemical, air treatment, mining, pharmaceutical, marine, infrastructure construction, general industrial, and water treatment industries. It serves customers through distributors and independent representatives in the United States, China, Germany, Denmark, France, and internationally. The company was incorporated in 2015 and is headquartered in Charlotte, North Carolina.
IPO Year: 2015
Exchange: NYSE
Website: spxflow.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/7/2022 | $4.50 | Buy | EF Hutton |
| 1/4/2022 | $75.00 → $86.00 | Equal-Weight | Barclays |
| 11/11/2021 | $77.00 → $79.00 | Sector Perform | RBC Capital |
| 9/27/2021 | $75.00 | Underperform | BofA Securities |
CHARLOTTE, N.C., Nov. 10, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and precision solutions markets, today reported results for the quarter ended October 2, 2021. "SPX FLOW's strong performance in the first nine months of the year is a direct result of our strategic plan and the inspired work of our solution makers," said Marc Michael, SPX FLOW President and CEO. "Throughout the year, the team has overcome the unique challenges of the current environment and helped deliver better-than-expected operating results. Demand for our essential products remains strong and our value-based pricing strategy, combined with our supp
CHARLOTTE, N.C., Oct. 27, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, announced today its plan to report third quarter 2021 financial results on November 10, 2021. During a conference call at 8 a.m. EST, SPX FLOW President and Chief Executive Officer Marc Michael and Vice President and Chief Financial Officer Jaime Easley will discuss the company's third quarter 2021 results. Those interested in participating in the conference call should dial in five minutes prior to the start of the call. The call will be webcast simultaneously via the company's website at www.spxflow.com, and the slide presentat
CHARLOTTE, N.C., Sept. 17, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, announced today that its Board of Directors has declared a quarterly dividend on the Company's common stock of $0.09 per share, payable on October 13, 2021 to stockholders of record as of the close of business on September 30, 2021. About SPX FLOW, Inc.: Based in Charlotte, N.C., SPX FLOW, Inc. (NYSE:FLOW) improves the world through innovative and sustainable solutions. The company's product offering is concentra
CHARLOTTE, N.C., Aug. 4, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and precision solutions markets, today reported results for the quarter ended July 3, 2021. "Our strong first half results demonstrate significant progress in the strategic plan the Company outlined at the start of 2021. We are demonstrating the ability to deliver organic growth, meaningful margin expansion, and strong free cash flow," said Marc Michael, SPX FLOW President and CEO. "The strategic assessments we conducted over the past two years created clarity on the products, services and markets that allow us to grow profitably with our customers. And
CHARLOTTE, N.C., July 21, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, announced today its plan to report second quarter 2021 financial results on Aug. 4, 2021. During a conference call at 9 a.m. EDT, SPX FLOW President and Chief Executive Officer Marc Michael and Vice President and Chief Financial Officer Jaime Easley will discuss the company's second quarter 2021 results. Those interested in participating in the conference call should dial in five minutes prior to the start of the call. The call will be webcast simultaneously via the company's website at www.spxflow.com, and the slide presentation
CHARLOTTE, N.C., June 17, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, announced today that its Board of Directors has declared a quarterly dividend on the Company's common stock of $0.09 per share, payable on July 14, 2021 to stockholders of record as of the close of business on June 30, 2021. About SPX FLOW, Inc.: Based in Charlotte, N.C., SPX FLOW, Inc. (NYSE:FLOW) improves the world through innovative and sustainable solutions. The company's product offering is concentrated in pro
CHARLOTTE, N.C., May 5, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW) a leading provider of process solutions for the nutrition, health and industrial markets, today reported results for the quarter ended April 3, 2021. "Our strong first quarter results highlight the increasing momentum in our strategy to be a premier process solution company, and our talented team's capabilities to meet our commitments of growth and improved operating performance," said Marc Michael, SPX FLOW President and CEO. "We've built an efficient operational model with a culture of productivity, and we are investing in our business to deliver reliable outcomes through economic cycles. Our implementation of 80/20 pr
CHARLOTTE, N.C., March 10, 2021 /PRNewswire/ -- SPX FLOW, Inc. (the "Company"), a leading provider in process solutions, announced today that its Board of Directors has declared a quarterly dividend on the Company's common stock of $0.09 per share, payable on April 14, 2021 to stockholders of record as of the close of business on March 24, 2021. About SPX FLOW, Inc.:Based in Charlotte, N.C., SPX FLOW, Inc. (NYSE: FLOW) improves the world through innovative and sustainable solutions. The company's product offering is concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer and other activities that are integral to processes perform
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EF Hutton initiated coverage of Flow Beverage with a rating of Buy and set a new price target of $4.50
Barclays reiterated coverage of SPX FLOW with a rating of Equal-Weight and set a new price target of $86.00 from $75.00 previously
RBC Capital reiterated coverage of SPX FLOW with a rating of Sector Perform and set a new price target of $79.00 from $77.00 previously
BofA Securities initiated coverage of SPX FLOW with a rating of Underperform and set a new price target of $75.00
Morgan Stanley reiterated coverage of SPX FLOW with a rating of Underweight and set a new price target of $70.00 from $65.00 previously
Morgan Stanley initiated coverage of SPX FLOW with a rating of Underweight and set a new price target of $65.00
Royal Bank of Canada reiterated coverage of SPX FLOW with a rating of Sector Perform and set a new price target of $72.00 from $62.00 previously
Royal Bank of Canada upgraded SPX FLOW from Underperform to Sector Perform and set a new price target of $62.00 from $48.00 previously
RBC Capital upgraded SPX FLOW from Underperform to Sector Perform and set a new price target of $62.00 from $48.00 previously
Royal Bank of Canada upgraded SPX FLOW from Underperform to Sector Perform
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Flow Beverage Corp. and Live Nation Canada new carton designs showcase Tetra Pak® Custom Printing's unique advertising opportunities DENTON, Texas, Sept. 12 2023 /PRNewswire/ -- Tetra Pak, a pioneer and world-leading food processing and packaging solutions company, is pleased to announce the first Custom Printing collaboration. The launch follows the successful validation of the Tetra Pak® Custom Printing solution, encompassing over 100 million packages, and is set to unleash new business and marketing opportunities with increased flexibility and customization, all within the package in the consumer's hand. Flow Beverage Corp. (TSX:FLOW, OTCQX:FLWBF) ("Flow" or the "Company"), distributing
Savoy Magazine 2022 List of Trailblazing Executives includes President & CEO Dwight Gibson and CPO Kevin Henry (L-R) BlueLinx President and CEO, Dwight Gibson, and Chief People Officer, Kevin Henry MARIETTA, Ga., July 19, 2022 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE:BXC) ("BlueLinx") is proud to announce that its President and Chief Executive Officer, Dwight Gibson, as well as Chief People Officer Kevin Henry are included in Savoy Magazine's prestigious 2022 Most Influential Black Executives in Corporate America issue. Savoy Magazine is the leading African American business and lifestyle magazine. Its esteemed annual Most Influential Black Executives in Corporate America publ
The new mixing portfolio better serves new and existing customers across an array of industries CHARLOTTE, N.C., April 13, 2022 /PRNewswire/ -- SPX FLOW, Inc., a leading provider of process solutions for the Industrial, and Nutrition & Health markets, has fully integrated the additions to its mixing solutions portfolio, creating a bigger, more technologically advanced offering for customers. By combining these legacy companies and brands — Lightnin, Plenty, Stelzer, Uutechnic, and Philadelphia Mixing Solutions — both new and existing customers now have access to the best solution across all brands.
NEW YORK, April 5, 2022 /PRNewswire/ -- Gogo Inc. (NASD:GOGO) will replace SPX FLOW Inc. (NYSE:FLOW) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, April 8. Lone Star Funds has acquired SPX Flow in a transaction that closed today. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector April 8, 2022 S&P SmallCap 600 Addition Gogo GOGO Communication Services S&P SmallCap 600 Deletion SPX FLOW FLOW Industrials For more information about S&P Dow Jones Indices, please visit www.spdji.com ABOUT S&P DOW JONES INDICES S&P Dow Jones Indices is
The PCM Combination Dryer cuts energy usage by 83% and use is expanding throughout South Korean steel industries CHARLOTTE, N.C., March 22, 2022 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, is proud that the use of its award-winning PCM Combination Dryer, which cuts energy usage by 83 percent, is expanding throughout POSCO Group facilities in Korea, a leader of the steel-making industry. The PCM Combination dryer stands for phase change material. The patented technology uses phase change m
CHARLOTTE, N.C., March 3, 2022 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW) (the "Company"), a leading provider of process solutions for the nutrition, health and industrial markets, announced today that its stockholders approved the proposed merger of the Company and Redwood Star Merger Sub, Inc. ("Merger Sub"), a Delaware corporation and a wholly owned subsidiary of LSF11 Redwood Acquisitions, LLC ("Parent"), a Delaware limited liability company and an affiliate of Lone Star Funds ("Lone Star"), a leading private equity firm, pursuant to the Agreement and Plan of Merger, dated as of December 12, 2021 (the "Merger Agreement"), by and among the Company, Merger Sub and Parent (the "Merger").
CHARLOTTE, N.C., Feb. 16, 2022 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, today reported results for the fourth quarter and full year ended December 31, 2021. Demand remained strong throughout the fourth quarter with orders up 3% organically leading to record year-end backlog of $610 million, up 7.5% organically year-over-year. As anticipated, revenue was down 4% organically in the quarter due to timing of Nutrition and Health systems, selectivity in Precision Solutions, and the impact of six fewer days in the fourth quarter of 2021 versus the fourth quarter of 2020. Adjusted EBITDA* margin was 13.8% f
CHARLOTTE, N.C., Feb. 7, 2022 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, launched a sustainability initiative that drastically reduces the total amount of clean water a homogenizer uses. The Homogenizer Water Recycling System (HWRS) is designed to recycle up to 97% of the water used by homogenizers. Traditionally, a continual flow of water gets supplied to homogenizers to cool the transmission oil and lubricate the plungers. The HWRS technology recaptures that water, sanitizes and chills
CHARLOTTE, N.C., Dec. 15, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, is celebrating the 75th anniversary of its Assen manufacturing facility in the Netherlands. Assen's team of 85 employees make critical components for processing plants worldwide, producing both standard and customized pumps. The team has also spearheaded initiatives to improve safety, increase productivity, shorten lead times and drive customer satisfaction. "We're especially proud of this team, not just for the p
CHARLOTTE, N.C., Dec. 13, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, announced today it entered into an agreement to be acquired by an affiliate of Lone Star Funds ("Lone Star") in an all-cash transaction valued at $3.8 billion, including the assumption of debt. The purchase price represents a premium of nearly 40% over SPX FLOW's closing stock price on July 16, 2021, the last trading day prior to the publication of an article in the July 19, 2021, edition of The Wall Street Journa
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Gogo Inc (NASDAQ:GOGO) would replace SPX FLOW Inc (NYSE:FLOW) in the S&P SmallCap 600 effective before trading on April 8. Lone Star Funds acquired SPX Flow. The transaction closed on April 5. Gogo is an in-flight connectivity system and service provider. Gogo beat Q4 consensus clocking 19% revenue growth in Q4 FY21. Service revenue grew 22% Y/Y to $69.3 million. Equipment revenue rose 11% Y/Y to $23 million. "Demand for connectivity in business aviation, combined with the excellent performance of our AVANCE platform, are driving record sales of equipment and high-margin service plans for Gogo," said Oakleigh Thorne, Chair and CEO. "We remain on track for commercial deployment of our
Pulled from Benzinga Pro data, SPX FLOW (NYSE:FLOW) showed a loss in earnings since Q3, totaling $13.80 million. Sales, on the other hand, increased by 1.13% to $394.00 million during Q4. SPX FLOW reached earnings of $23.60 million and sales of $389.60 million in Q3. Why Is ROCE Significant? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q4, SPX FLOW posted an ROCE of 0.01%. Keep in m
Companies Reporting Before The Bell • IDEAYA Biosciences (NASDAQ:IDYA) is likely to report quarterly loss at $0.31 per share on revenue of $8.98 million. • Citi Trends (NASDAQ:CTRN) is projected to report quarterly earnings at $1.12 per share on revenue of $250.54 million. • Precision BioSciences (NASDAQ:DTIL) is likely to report quarterly loss at $0.47 per share on revenue of $7.75 million. • SPX FLOW (NYSE:FLOW) is estimated to report quarterly loss at $0.17 per share on revenue of $10.88 million. • Brickell Biotech (NASDAQ:BBI) is likely to report quarterly loss at $0.08 per share on revenue of $150.00 thousand. • Imara (NASDAQ:IMRA) is expected to report earnings for its fourth
Merger activity increased last week with six new deals announced and six deals completed. Three of the six new deals announced were potential deals in the works. Healthcare Trust of America (NYSE:HTA) Founded in 2006, Healthcare Trust of America is a healthcare focused REIT and the largest operator of dedicated medical office buildings (MOB) in the United States. The company owns real estate though 461 on-campus and off-campus properties around hospitals and Universities in 32 states. We added HTA to our ‘Deals in the Works‘ tool on October 6, 2021, when Bloomberg reported that activist investor Elliott Investment Management was pushing for the company to launch a strategic review that inc
SPX FLOW, Inc. (NYSE:FLOW) (the "Company"), a leading provider of process solutions for the nutrition, health and industrial markets, announced today that its stockholders approved the proposed merger of the Company and Redwood Star Merger Sub, Inc. ("Merger Sub"), a Delaware corporation and a wholly owned subsidiary of LSF11 Redwood Acquisitions, LLC ("Parent"), a Delaware limited liability company and an affiliate of Lone Star Funds ("Lone Star"), a leading private equity firm, pursuant to the Agreement and Plan of Merger, dated as of December 12, 2021 (the "Merger Agreement"), by and among the Company, Merger Sub and Parent (the "Merger"). Subject to the satisfaction or waiver of the rem
According to Benzinga Pro data SPX FLOW (NYSE:FLOW) posted a 41.53% decrease in earnings from Q3. Sales, however, increased by 1.13% over the previous quarter to $394.00 million. Despite the increase in sales this quarter, the decrease in earnings may suggest SPX FLOW is not utilizing their capital as effectively as possible. In Q3, SPX FLOW earned $23.60 million and total sales reached $389.60 million. What Is Return On Capital Employed? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and
SPX FLOW (NYSE:FLOW) reported its Q4 earnings results on Wednesday, February 16, 2022 at 06:30 AM. Here's what investors need to know about the announcement. Earnings SPX FLOW missed estimated earnings by 18.09%, reporting an EPS of $0.77 versus an estimate of $0.94. Revenue was up $2.10 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.09, which was followed by a 1.13% increase in the share price the next day. Here's a look at SPX FLOW's past performance: Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020 EPS Estimate 0.70 0.59 0.35 0.37 EPS Actual 0.79 0.63 0.61
SPX FLOW (NYSE:FLOW) reported quarterly earnings of $0.77 per share. This is a 37.5 percent increase over earnings of $0.56 per share from the same period last year. The company reported $394.00 million in sales this quarter. This is a 0.53 percent decrease over sales of $396.10 million the same period last year.
Upgrades For Enova International Inc (NYSE:ENVA), Maxim Group upgraded the previous rating of Hold to Buy. For the fourth quarter, Enova International had an EPS of $1.61, compared to year-ago quarter EPS of $2.39. The current stock performance of Enova International shows a 52-week-high of $44.43 and a 52-week-low of $23.88. Moreover, at the end of the last trading period, the closing price was at $41.22. Argus Research upgraded the previous rating for Nasdaq Inc (NASDAQ:NDAQ) from Hold to Buy. For the fourth quarter, Nasdaq had an EPS of $1.93, compared to year-ago quarter EPS of $1.60. The current stock performance of Nasdaq shows a 52-week-high of $214.96 and a 52-week-low of $135.57.
Barclays analyst Julian Mitchell adjusts price targets for several multi-industry companies. Mitchell expects inflation to boost sales for multi-industry companies in Q4, but he sees margin pressure in the near term. The analyst's 2022 earnings estimates are slightly above consensus, and he thinks Street numbers need to be more backend loaded. The stronger U.S. dollar is also an "emerging headwind," says Mitchell. The analyst raised Johnson Controls International PLC's (NYSE:JCI) price target to $86 (an upside of 6%) from $85 and kept an Overweight rating on the shares. The analyst lowered 3M Co (NYSE:MMM) price target to $177 (a downside of 2%) from $182 and kept an Underweight ra