April 19, 2018 1:39 PM ET

Machinery

Company Overview of SPX Corporation

Company Overview

SPX Corporation supplies infrastructure equipment serving the heating and ventilation (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. It operates through three segments: HVAC, Detection and Measurement, and Engineered Solutions. The HVAC segment engineers, designs, manufactures, installs, and services cooling products for the HVAC and industrial markets, as well as boilers, comfort heating, and ventilation products for the residential and commercial markets. The Detection and Measurement segment offers underground pipe and cable locators, and inspection equipment, ...

13320-A Ballantyne Corporate Place

Charlotte, NC 28277

United States

5,000 Employees

Phone:

980-474-3700

Key Executives for SPX Corporation

SPX Corporation does not have any Key Executives recorded.

SPX Corporation Key Developments

SPX Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Full Year of 2018

SPX Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported revenues of $387.0 million compared to $395.3 million a year ago. Operating income was $1.7 million compared to $1.8 million a year ago. Loss from continuing operations before income taxes was $1.9 million compared to loss of $4.0 million a year ago. Income from continuing operations was $60.0 million or $1.35 per basic and diluted share compared to loss of $3.0 million or $0.07 per diluted share a year ago. Net income was $58.6 million compared to loss $86.1 million a year ago. Net income attributable to the company’s common shareholders was $58.6 million or $1.32 per basic and diluted share compared to loss $86.1 million or $2.06 per basic and diluted share a year ago. Net cash from operating activities was $56.1 million compared to $52.1 million a year ago. Capital expenditures were $2.6 million compared to $3.9 million a year ago. The company’s adjusted operating income was $40.3 million, compared with adjusted operating income of $43.6 million in the fourth quarter of 2016. Adjusted earnings per share in the fourth quarter of 2017 were $0.60, compared with $0.69 in the fourth quarter of 2016. For the year, the company reported revenues of $1,425.8 million compared to $1,472.3 million a year ago. Operating income was $54.8 million compared to $55.0 million a year ago. Income from continuing operations before income taxes was $36.1 million compared to $39.4 million a year ago. Income from continuing operations was $84.0 million or $1.98 per basic and diluted share compared to $30.3 million or $0.30 per basic and diluted share a year ago. Net income was $89.3 million compared to loss $67.6 million a year ago. Net income attributable to the company’s common shareholders was $89.3 million or $2.11 per diluted share compared to loss $67.6 million or $2.05 per basic and diluted share a year ago.Net cash from operating activities was $47.6 million compared to $6.5 million a year ago. Capital expenditures were $11.0 million compared to $11.7 million a year ago. The company’s adjusted operating income was $120.8 million, compared and adjusted operating income of $97.2 million in 2016. Adjusted earnings per share in 2017 were $1.78, compared with $1.47 in The company is targeting 2018 Core revenue in a range of $1.35 to $1.40 billion with Core segment income margin of 14.0-14.5%. Adjusted operating income margin is expected to be approximately 10%. Adjusted earnings per share is expected to be in a range of $2.03 to $2.18.

SPX Corporation to Report Q4, 2017 Results on Feb 15, 2018

SPX Corporation announced that they will report Q4, 2017 results at 4:45 PM, US Eastern Standard Time on Feb 15, 2018

SPX Corporation, Q4 2017 Earnings Call, Feb 15, 2018

SPX Corporation, Q4 2017 Earnings Call, Feb 15, 2018

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