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Last 3,090 GBp
Change Today +26.00 / 0.85%
Volume 77.4K
SPX On Other Exchanges
As of 11:35 AM 11/27/15 All times are local (Market data is delayed by at least 15 minutes).

spirax-sarco engineering plc (SPX) Snapshot

3,052 GBp
Previous Close
3,064 GBp
Day High
3,097 GBp
Day Low
3,050 GBp
52 Week High
05/8/15 - 3,637 GBp
52 Week Low
12/16/14 - 2,716 GBp
Market Cap
Average Volume 10 Days
1.26 GBp
Shares Outstanding
73.11 GBp
Dividend Yield

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spirax-sarco engineering plc (SPX) Details

Spirax-Sarco Engineering plc provides engineered solutions for the design, maintenance, and provision of industrial and commercial steam systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and energy management products comprising metering products, boiler house products, heat transfer packages, and energy services. The company also designs, manufactures, and sells peristaltic pumps and associated fluid path technologies for biotechnology and pharmaceutical processes, including peristaltic tube pumps, precision tubing products, aseptic filling and capping systems, heavy-duty hose pumps, sinusoidal pumps, pump heads and panel-mount drives, single-use tubing connector systems, and valves and magnetic mixers. It serves food, brewing and distilling, OEM machinery, refining and petrochemical, pharmaceutical, healthcare, precious metals processing, chemical, water treatment, power generation, and pulp and paper sectors. The company’s products are also used to provide space heating, humidification, and hot water in public and private buildings. It operates in Europe, the Middle East, and Africa; the Asia Pacific; and the Americas. Spirax-Sarco Engineering plc was incorporated in 1958 and is headquartered in Cheltenham, United Kingdom.

4,750 Employees
Last Reported Date: 03/4/15
Founded in 1958

spirax-sarco engineering plc (SPX) Top Compensated Officers

Group Chief Executive, Chief Operating Office...
Total Annual Compensation: 729.6K GBP
Finance Director and Executive Director
Total Annual Compensation: 493.8K GBP
Executive Director of EMEA, Executive Directo...
Total Annual Compensation: 456.1K GBP
Executive Director of WMPG, Executive Directo...
Total Annual Compensation: 427.5K GBP
Compensation as of Fiscal Year 2014.

spirax-sarco engineering plc (SPX) Key Developments

Spirax-Sarco Engineering plc Reports Earnings Results for the Period Ended October 31, 2015

Spirax-Sarco Engineering plc reported earnings results for the period ended October 31, 2015. For the period, the company reported organic sales growth in the first ten months slowed modestly, as expected, from the growth achieved in the first half.  In EMEA, organic growth has continued at nearly the same pace as during the first half year, with the majority of companies showing progress. As anticipated, there has been a small improvement overall in Asia Pacific in the second half, although sales remained below the prior year, moderating slightly the sales decline in the ten months to October compared with that in the first half year. Sales in China have continued broadly flat and the level of order books in Korea and China remain a little above this time last year.  In the Americas, overall organic sales growth in the ten months to October has slowed a little compared to the first half, largely due to the anticipated deterioration in Brazil. As anticipated at the half year stage, the exceptional rate of organic sales growth in Watson-Marlow Fluid Technology Group (WMFTG) has been much reduced in the second half due to comparison with a period of very strong growth in the second half of 2014. Overall, currency headwinds in the second half year have continued to strengthen, reducing Group sales on translation in the first ten months by over 3% versus full-year 2014 average exchange rates. The Group's acquisitions and disposals in 2015 are anticipated to add a net 0.5% to sales for the full-year. Group operating profit was slightly ahead of the comparable ten-month period at constant currency, despite the impact of start-up costs in India. The impact on profit of the lower sales growth in the second half of this year has been offset by the benefit of cost reduction actions took in the first half year, cost savings and improved efficiency. Unfavourable currency movements have negatively impacted reported Group operating profit by 4% versus full-year 2014 average exchange rates.

Spirax-Sarco Engineering plc Announces Executive Changes

Spirax-Sarco Engineering plc announced that David Meredith, group Finance Director and Executive Director, has informed the board of his desire and intention to retire from the Group after 27 years of service. David will retire at the AGM on May 10, 2016. The company also announced that Kevin Boyd will join the company on April 11, 2016 and succeed David Meredith as Group Finance Director and Executive Director on May 10, 2016, allowing a period of handover. Kevin (51) is both a Chartered Accountant and a Chartered Engineer and is currently and has been since 2006 group Finance Director for Oxford Instruments plc.

Spirax-Sarco Engineering plc to Report 4 Months Period Ending Oct 31, 2015 Sales/Trading Statement Results on Nov 17, 2015

Spirax-Sarco Engineering plc announced that they will report 4 months, period ending Oct 31, 2015 sales/trading statement results on Nov 17, 2015


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