Welcome to our dedicated page for SPX TECHNOLOGIES news (Ticker: SPXC), a resource for investors and traders seeking the latest updates and insights on SPX TECHNOLOGIES stock.
SPX Technologies Inc (SPXC) delivers engineered solutions and advanced measurement systems for critical infrastructure and industrial markets. This news hub provides investors and industry professionals with essential updates on corporate developments, strategic initiatives, and technological advancements.
Access real-time announcements including quarterly earnings, product innovations, and acquisition activity. Our curated feed ensures you stay informed about SPXC's HVAC system enhancements and detection technology breakthroughs without market speculation.
Key updates cover operational expansions, leadership changes, and partnerships driving digital interoperability in tactical networks. Bookmark this page for direct access to SEC filings, press releases, and objective analysis of market-moving events.
Return regularly for comprehensive coverage of SPXC's global engineering projects and maintenance service updates across commercial and defense sectors. All content undergoes strict editorial review to maintain factual accuracy and relevance for decision-makers.
On July 11, 2024, SPX Technologies (NYSE: SPXC) announced it will release its Q2 2024 financial results after the U.S. markets close on August 1, 2024. The company’s President and CEO, Gene Lowe, and CFO, Mark Carano, will discuss the results and business outlook in a conference call at 4:45 p.m. (ET) the same day. A live webcast and slide presentation will be available on SPX's Investor Relations page. Dial-in details for the call can be obtained via a provided link. A replay of the webcast will be accessible on the company’s website for a time.
SPX Technologies (NYSE: SPXC) announced the appointment of Cherée Johnson as the new Chief Legal Officer and Secretary, effective June 10, 2024. She succeeds John W. Nurkin, who is retiring. Johnson brings over 20 years of senior executive experience across multiple industries. Her previous roles include senior vice president and Chief Legal Officer at Dentsply Sirona, General Counsel at W.R. Grace & Company, and legal executive positions at McCormick, Kraft Heinz, and 3M. She holds a law degree from the University of Minnesota and a Chemical Engineering degree from Florida A&M University.
SPX Technologies, Inc. reported strong Q1 2024 results, highlighting Q1 GAAP EPS of $1.05 and adjusted EPS of $1.25. Revenue increased to $465.2 million, operating income reached $64.6 million, and net income was $49.0 million. Adjusted EBITDA grew by 46.7% to $92.0 million. HVAC segment revenue increased by 20.2%, while the Detection & Measurement segment saw a 9.9% revenue increase. SPX raised its 2024 full-year adjusted EPS guidance to $5.15-$5.40, reflecting a 23% year-on-year growth.
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