Last €78.82 EUR
Change Today -1.35 / -1.68%
Volume 0.0
SPW On Other Exchanges
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Exchange
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As of 6:20 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

spx corp (SPW) Snapshot

Open
€79.10
Previous Close
€80.16
Day High
€79.10
Day Low
€78.72
52 Week High
09/9/14 - €81.99
52 Week Low
12/17/14 - €61.80
Market Cap
3.2B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
41.0M
EX-Date
12/11/14
P/E TM
--
Dividend
€1.36
Dividend Yield
1.44%
Current Stock Chart for SPX CORP (SPW)

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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: $6.3M
Chief Financial Officer and Vice President
Total Annual Compensation: $1.7M
President of Global Manufacturing Operations
Total Annual Compensation: $1.7M
Executive Vice President of Global Business S...
Total Annual Compensation: $2.3M
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2013.

spx corp (SPW) Key Developments

SPX Wins Contract from Arla Foods for New Processing Systems at Large Dairy Plant in Aylesbury, UK

SPX Corporation announced that its Flow Food and Beverage business has been awarded a second- phase process contract from Arla Foods, a global dairy company and co-operative owned by 13,500 dairy farmers across Europe. Under the terms of the contract, SPX will design and install a new processing system for Arla Foods' fresh milk dairy located in Aylesbury, UK, which is currently the world's largest. Arla is the number one dairy company in the UK and produces some of the UK's best known dairy brands, including Anchor, Cravendale, Lurpak and Tickler. The Aylesbury site officially opened in May of 2014 and, upon completion of this second phase, will be capable of producing up to 240,000 litres per hour and one billion litres per year. The milk is supplied by 900 British farmers, the majority of whom are farmer-owners. This marks the second contract that Arla has awarded to SPX for its Aylesbury dairy processing plant. The first contract, awarded in 2011, called for SPX to provide a full-line, customized dairy processing system capable of producing 650 million litres of fresh milk per year. When this latest second phase is installed, the Aylesbury plant is expected to have the capacity to produce approximately one billion litres of fresh milk per year. The facility was designed to set a new standard for sustainability by being the to generate zero emissions. According to Arla, it has already achieved zero waste to landfill and will harness renewable energy opportunities.

SPX Seeks Acquisitions

SPX Corporation (NYSE:SPW) is looking for acquisition opportunities. SPX has a shelf registration statement for 8.3 shares of common stock that may be issued for acquisitions. In addition, other financing instruments may be used from time to time, including, but not limited to, private placement instruments, operating leases, capital leases and securitizations. SPX expect that they will continue to access these markets as appropriate to maintain liquidity and to provide sources of funds for general corporate purposes, acquisitions or to refinance existing debt. SPX will continually review each businesses in order to determine their long-term strategic fit. These reviews could result in selected acquisitions to expand an existing business or result in the disposition of an existing business. Additionally, SPX may consider a larger acquisition in the future, with more than $1,000.0 in revenues, if certain criteria are met.

SPX Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2014; Provides Consolidated Earnings Guidance for 2015

SPX Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, revenue was $1,277.7 million against $1,328.9 million last year. Revenue was $1.28 billion, down 4% year-over-year due to currency and the South Africa projects. Operating loss was $10.7 million against operating income of $133.5 million last year. Loss from continuing operations before income taxes was $32.0 million against income from continuing operations before income taxes of $110.8 million last year. Loss from continuing operations was $40.0 million against income from continuing operations of $85.1 million last year. Net loss attributable to SPX Corporation common shareholders was $35.0 million or $0.86 per basic and diluted share against net income attributable to SPX Corporation common shareholders of $87.0 million or $1.91 per diluted share last year. Loss from continuing operations, net of tax attributable to SPX Corporation common shareholders was $31.8 million or $0.78 per basic and diluted share against income from continuing operations, net of tax attributable to SPX Corporation common shareholders of $85.2 million or $1.87 per diluted share last year. Net cash from operating activities was $139.4 million against $262.8 million last year. Capital expenditures were $19.6 million against $12.4 million last year. Adjusted diluted net income per share of common stock from continuing operations attributable to SPX Corporation common shareholders was $2.36 against $1.87 last year. For the year, revenue was $4,721.1 million against $4,773.3 million last year. Operating income was $201.9 million against operating income of $345.1 million last year. Income from continuing operations before income taxes was $594.2 million against income from continuing operations before income taxes of $271.6 million last year. Income from continuing operations was $380.1 million against income from continuing operations of $211.3 million last year. Net income attributable to SPX Corporation common shareholders was $397.9 million or $9.25 per diluted share against net income attributable to SPX Corporation common shareholders of $210.2 million or $4.57 per diluted share last year. Income from continuing operations, net of tax attributable to SPX Corporation common shareholders was $389.6 million or $9.05 per diluted share against income from continuing operations, net of tax attributable to SPX Corporation common shareholders of $209.1 million or $4.55 per diluted share last year. Net cash from operating activities was $76.4 million against $105.3 million last year. Capital expenditures were $61.1 million against $55.1 million last year. Adjusted diluted net income per share of common stock from continuing operations attributable to SPX Corporation common shareholders was $5.53 against $4.55 last year. For the quarter, impairment of goodwill and other long-term assets was $38.1 million against $4.7 million last year. For 2015, the company expects net income midpoint of $230.0 million, net interest expense midpoint of $68.0 million, income before interest and taxes midpoint of $387.0 million, depreciation and intangible amortization expense midpoint of $108.0 million, EBITDA midpoint of $495.0 million, consolidated EBITDA midpoint of $575.0 million. For 2015, the company is targeting organic growth to be flat to up 4% and expect segment income margins to expand 90 points. The company is targeting consolidated EBITDA in the range of $550 million to $600 million. The company expects total revenues in the range of negative 5% to 1% and free cash flow of 100% of operating income. The company estimates the full year effective tax rate to be in the high 20s and diluted shares outstanding to be approximately 41 million shares.

 

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SPW

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Valuation SPW Industry Range
Price/Earnings 9.9x
Price/Sales 0.8x
Price/Book 2.0x
Price/Cash Flow 8.6x
TEV/Sales 0.4x
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