Wall Street analysts expect SPX Technologies (SPXC) to post quarterly earnings of $1.50 per share in its upcoming report, which indicates a year-over-year increase of 20%. Revenues are expected to be $531.23 million, up 13.2% from the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a company's earnings announc ...

Core Viewpoint - SPX Technologies, Inc. has completed the acquisition of Kranze Technology Solutions, Inc. (KTS), enhancing its Communication Technologies platform and expected to positively impact adjusted earnings per share in 2025 [1][2]. Group 1: Acquisition Details - The acquisition of KTS, a leader in digital interoperability and tactical networking solutions, is expected to be modestly accretive to SPX's adjusted earnings per share from continuing operations in 2025 [1]. - KTS's technology is highly complementary to SPX's existing offerings in tactical datalinks, communications intelligence, and RF countermeasures, thereby expanding SPX's market position [2]. Group 2: Company Background - SPX Technologies is a supplier of engineered products and technologies, holding leadership positions in HVAC and detection and measurement markets, with over 4,100 employees across 15 countries [3]. - The company is publicly traded on the New York Stock Exchange under the ticker symbol "SPXC" [3]. Group 3: Leadership Statements - Gene Lowe, President and CEO of SPX Technologies, expressed excitement about the acquisition, highlighting the growth opportunities it presents across global markets [2]. - Richard Kranze, co-founder of KTS, emphasized the potential for enhanced value creation for employees, customers, and shareholders through the integration of resources and technology [2].

Core Viewpoint - SPX Technologies has completed the acquisition of Kranze Technology Solutions, enhancing its Communication Technologies platform and expected to positively impact adjusted earnings per share in 2025 [1][2]. Company Overview - SPX Technologies is a supplier of engineered products and technologies, holding leadership positions in HVAC and detection and measurement markets, with over 4,100 employees across 15 countries [3]. Acquisition Details - Kranze Technology Solutions, founded in 2008, specializes in digital interoperability and tactical networking solutions, which are expected to complement SPX's existing offerings in tactical datalinks and communications intelligence [2][3]. - The acquisition is anticipated to be modestly accretive to SPX's adjusted earnings per share from continuing operations in 2025, with further guidance to be provided on February 25, 2025 [1][2]. Strategic Implications - The acquisition significantly scales SPX's position in Communication Technologies and expands value creation opportunities in complementary growth markets [2]. - The integration of KTS's technology and customer relationships is expected to create numerous growth opportunities for SPX's employees, customers, and shareholders [2].

CHARLOTTE, N.C., Jan. 23, 2025 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the fourth quarter and full-year of fiscal year 2024 after the U.S. financial markets close on Tuesday, February 25, 2025. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results an ...

Group 1 - SPX Technologies, Inc. (SPXC) is experiencing significant attention from investors due to high implied volatility in its options market, particularly the Mar 21, 2025 $70.00 Call option [1] - Implied volatility indicates the market's expectation of future stock movement, suggesting potential upcoming events that could lead to substantial price changes [2] - Analysts currently rate SPX Technologies as a Zacks Rank 3 (Hold) within the Technology Services industry, which is in the top 30% of the Zacks Industry Rank [3] Group 2 - Over the past 60 days, one analyst has raised their earnings estimate for SPX Technologies for the current quarter, increasing the Zacks Consensus Estimate from $1.49 to $1.51 per share [3] - The high implied volatility may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay [4]

Core Insights - Walgreens Boots Alliance Inc (WBA) has significantly declined, dropping 63.9% in 2024 and reaching a record low of $8.08 on November 21, marking it as the worst-performing stock on the S&P 500 Index [1][4] - The stock has seen increased options trading activity, with 32,235 calls traded compared to 5,003 puts over the past two weeks, indicating a bullish sentiment among traders [2] - The upcoming fiscal first-quarter earnings report on January 9 is anticipated to be a pivotal moment for the stock, with the options market pricing in a 9.7% post-earnings move [4][6] Trading Activity - The elevated Schaeffer's Volatility Scorecard (SVS) of 95 out of 100 suggests that WBA has a tendency to outperform volatility expectations, which may attract premium players [3] - The 10-day call/put volume ratio of 6.44 indicates a rare skew in options trading, with short interest rising by 15.8% in recent reporting periods, potentially reflecting hedging strategies by short sellers [5] Historical Performance - WBA has a mixed history of post-earnings reactions, with a notable 15.8% increase following the October earnings report, contrasted by a 22.2% decline after the June report [6]

Core Viewpoint - SPX Technologies has announced a definitive agreement to acquire Kranze Technology Solutions, Inc. for approximately $350 million in cash, enhancing its Communication Technologies platform within the Detection & Measurement segment [1][6]. Group 1: Acquisition Details - The acquisition is expected to close in the first quarter of 2025, pending regulatory approval under the Hart-Scott-Rodino Act [2]. - SPX Technologies plans to finance the acquisition through its revolving credit facility, with the deal anticipated to be modestly accretive to adjusted earnings per share in 2025 after interest costs [2][6]. Group 2: Strategic Fit and Growth Potential - KTS will strengthen SPX's long-term customer relationships and geographic footprint, particularly within the US military sector, where KTS has established a significant installed base [3][5]. - The acquisition will scale SPX's CommTech platform to over $200 million in revenue, providing a solid foundation for further growth in adjacent markets [7]. Group 3: Company Profiles - SPX Technologies is a supplier of engineered products and technologies, with over 4,100 employees across 15 countries, and is listed on the New York Stock Exchange under the ticker symbol "SPXC" [3]. - KTS, founded in 2008, specializes in digital interoperability and tactical networking solutions, enhancing situational awareness and operational effectiveness for clients, particularly the US Marine Corps [8].

Further Strengthens and Scales Communications Technologies Platform;Significant Installed Base and Attractive Pipeline of Growth Opportunities CHARLOTTE, N.C., Dec. 23, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it has entered into a definitive agreement to purchase Kranze Technology Solutions, Inc. (“KTS”), a leader in digital interoperability and tactical networking solutions. Upon closing, KTS will become a part of SPX Technologies’ Communication Technologies (“CommTech”) ...

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CHARLOTTE, N.C., Nov. 29, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it will participate in the Wolfe Research Small and Mid-Cap Conference in New York City on December 4th and virtually participate in the Sidoti Small Cap Conference on December 5th. SPX Technologies’ President and Chief Executive Officer Gene Lowe and SPX Technologies’ Vice President, Chief Financial Officer and Treasurer Mark Carano will participate in meetings with investors at both conferences. At the Sid ...