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Last $74.17 USD
Change Today -0.54 / -0.72%
Volume 511.0K
As of 8:04 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

spx corp (SPW) Snapshot

Open
$74.55
Previous Close
$74.71
Day High
$74.72
Day Low
$73.36
52 Week High
07/3/14 - $111.47
52 Week Low
05/28/15 - $73.36
Market Cap
3.0B
Average Volume 10 Days
465.4K
EPS TTM
$2.95
Shares Outstanding
41.0M
EX-Date
06/12/15
P/E TM
25.1x
Dividend
$1.50
Dividend Yield
2.02%
Current Stock Chart for SPX CORP (SPW)

spx corp (SPW) Related Businessweek News

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spx corp (SPW) Details

SPX Corporation provides specialized engineered solutions worldwide. The company operates through two segments, Flow Technology, and Thermal Equipment and Services. The Flow Technology segment designs, engineers, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids for original equipment installation, including turnkey and skidded systems, and components, as well as aftermarket components and support services. This segment primarily offers engineered pumps, valves, mixers, plate heat exchangers, and dehydration and filtration technologies. It serves customers in food and beverage, power and energy, and industrial end markets. The Thermal Equipment and Services segment engineers, designs, manufactures, installs, and services thermal heat transfer products, such as evaporative and hybrid cooling systems, rotating and stationary heat exchangers, and pollution control systems for the power generation, HVAC, and industrial markets, as well as boilers, heating, and ventilation products for the residential and commercial markets. The company also designs, manufactures, and markets power transformers, industrial tools and hydraulic units, obstruction lights and monitoring equipment, communications and signal monitoring systems, fare collection systems, and portable cable and pipe locators. SPX Corporation markets its products through various channels, such as stocking distributors, independent manufacturing representatives, direct sales, and third-party distributors and retailers. The company was formerly known as Piston Ring Company and changed its name to SPX Corporation in 1988. SPX Corporation was founded in 1911 and is headquartered in Charlotte, North Carolina.

14,000 Employees
Last Reported Date: 02/20/15
Founded in 1911

spx corp (SPW) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.2M
Chief Financial Officer and Vice President
Total Annual Compensation: $556.9K
President of Global Manufacturing Operations
Total Annual Compensation: $1.7M
Executive Vice President of Global Business S...
Total Annual Compensation: $832.8K
Vice President of Corporate Development
Total Annual Compensation: $521.1K
Compensation as of Fiscal Year 2014.

spx corp (SPW) Key Developments

SPX Corporation Approves Amendments to Certificate of Incorporation

The shareholders of SPX Corporation approved amendments to company's certificate of incorporation to reduce par value at the AGM held on May 8, 2015.

SPX Corporation Presents at Electrical Products Group 2015 Conference, May-18-2015 02:45 PM

SPX Corporation Presents at Electrical Products Group 2015 Conference, May-18-2015 02:45 PM. Venue: The Resort at Longboat Key Club, Longboat Key, Florida, United States. Speakers: Christopher J. Kearney, Chairman, Chief Executive Officer and President, Eugene Joseph Lowe, President of Thermal Equipment and Services Segment.

SPX Corporation Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 28, 2015 ; Provides Consolidated Earnings Guidance for the Second Quarter, Second Half and Full Year 2015

SPX Corporation announced unaudited consolidated earnings results for first quarter ended March 28, 2015. For the quarter, the company reported revenues of $946.9 million, operating income of $14.8 million, loss from continuing operations before income taxes of $0.1 million, loss from continuing operations of $9.6 million or $0.17 per diluted share, net loss attributable to company common shareholders of $7.1 million or $0.18 per diluted share, net cash used in operating activities of $108.8 million, capital expenditures of $14.4 million compared to the revenues of $1,077.1 million, operating income of $15.7 million, income from continuing operations before income taxes of $456.7 million, income from continuing operations of $296.7 million or $6.59 per diluted share, net income attributable to company common shareholders of $318.2 million or $7.06 per diluted share, net cash used in operating activities of $60.6 million, capital expenditures of $11.3 million for the same quarter a year ago. For the second quarter, the company’s modeling targets, consistent with the first quarter, The company expects revenue to be down about 12%. The company expects organic revenue to decline 4% to 6% due primarily to lower power and energy sales in Flow and Thermal segments. For the second half, The company expects to generate 2/3 of full year segment income. This is partly due to normal seasonality, particularly in comfort heating and aftermarket businesses. In the second half of the year, the company also expect to begin recognizing revenue on several of the recent large Food and Beverage awards. For the year 2015, the company expected net income of $177.0 million, net interest expense of $68.0 million, income before interest and taxes of $325.0 million, depreciation and amortization expense of $104.0 million, EBITDA $429.0 million, and consolidated EBITDA of $520.0 million. On a consolidated basis, the company now expecting revenue to decline 6% to 10% year-over-year to about $4.36 billion at the midpoint. This includes a 6% headwind from currency translation. On an organic basis, the company expects revenue to be flat to down 4%.

 

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Industry Analysis

SPW

Industry Average

Valuation SPW Industry Range
Price/Earnings 36.5x
Price/Sales 0.7x
Price/Book 1.8x
Price/Cash Flow 29.6x
TEV/Sales 0.3x
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