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SPX Technologies Inc - SPXC STOCK NEWS

Welcome to our dedicated news page for SPX Technologies (Ticker: SPXC), a resource for investors and traders seeking the latest updates and insights on SPX Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SPX Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SPX Technologies's position in the market.

Rhea-AI Summary
SPX Technologies (SPXC) will report its first quarter 2024 financial results on May 2, 2024, after the U.S. financial markets close. President Gene Lowe and CFO Mark Carano will discuss the results and business outlook in a conference call. A live webcast will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.31%
Tags
conferences earnings
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Rhea-AI Summary
SPX Technologies, Inc. reported strong financial results for Q4 2023 and full-year 2023, with significant growth in GAAP EPS, net income, and adjusted EPS. The company also provided optimistic guidance for 2024, expecting growth in revenue, adjusted EBITDA, and adjusted EPS. Strategic acquisitions in the HVAC segment contributed to revenue growth. SPX aims to file its Form 10-K by February 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.52%
Tags
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Rhea-AI Summary
SPX Technologies (SPXC) will host an Investor Day in New York City on March 26, 2024. The event will feature key executives providing insights on the company's strategy, financial outlook, and key initiatives. Institutional investors and analysts can attend in person or via live webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
Tags
conferences
Rhea-AI Summary
SPX Technologies (SPXC) has acquired Ingénia Technologies for approximately US$300 million in cash, expanding its position in Engineered Air Movement (EAM) solutions. Ingénia, known for its custom air handling units, is expected to contribute approximately US$100 million in annual revenue for 2024, with higher margins and revenue growth rate than the HVAC segment average.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
Tags
-
Rhea-AI Summary
SPX Technologies (NYSE:SPXC) will release its financial results for the fourth quarter and full-year of fiscal year 2023 after the U.S. financial markets close on Thursday, February 22, 2024. President and CEO Gene Lowe and CFO Mark Carano will discuss the results and business outlook during a conference call on the same day at 4:45 p.m. (Eastern Time). A live webcast of the call will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.91%
Tags
conferences earnings
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Rhea-AI Summary
SPX Technologies, Inc. reported Q3 revenue of $448.7 million, a YoY increase of 21.1%. Diluted EPS from continuing operations was $0.76, compared to $0.27 in Q3 2022. Adjusted EPS was $1.06, up from $0.81 in Q3 2022. The company raised its full-year 2023 adjusted EPS guidance to a range of $4.22 to $4.32, reflecting a YoY growth at the midpoint of approximately 38%. HVAC segment revenue increased by 27.0% YoY, and Detection & Measurement segment revenue increased by 11.8% YoY. SPX also finalized an agreement with Mitsubishi to settle all claims related to projects in South Africa.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
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Rhea-AI Summary
SPX Technologies to release Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
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conferences earnings
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Rhea-AI Summary
SPX Technologies releases sixth annual sustainability report showcasing progress in ESG efforts
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
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none
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Rhea-AI Summary
SPX Technologies to present at Jefferies Industrials Conference on September 7, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
Tags
conferences
Rhea-AI Summary
SPX Technologies, Inc. (NYSE: SPXC) reported Q2 GAAP EPS of $0.82 and Adjusted EPS of $1.06, raising full-year 2023 Adjusted EPS guidance to $4.15-4.30. Revenue for Q2 2023 was $423.3 million with operating income of $51.3 million. HVAC Cooling platform drove strong performance. The company is confident in achieving updated guidance and progressing toward 'SPX 2025' target of $5 per share of Adjusted EPS.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.75%
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SPX Technologies Inc

NYSE:SPXC

SPXC Rankings

SPXC Stock Data

5.59B
44.62M
2.29%
94.84%
1.17%
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