SPX Technologies, Inc. (NYSE:SPXC) Q2 2024 Results Conference Call August 1, 2024 4:45 PM ET Company Participants Paul Clegg - Vice President-Investor Relations Gene Lowe - President and Chief Executive Officer Mark Carano - Chief Financial Officer Conference Call Participants Ross Sparenblek - William Blair Bryan Blair - Oppenheimer Damian Karas - UBS Steve Ferazani - Sidoti Walter Liptak - Seaport Research Operator Thank you for standing by, and welcome to SPX Technologies Second Quarter 2024 Earnings Con ...

For the quarter ended June 2024, SPX Technologies (SPXC) reported revenue of $501.3 million, up 18.4% over the same period last year. EPS came in at $1.42, compared to $1.06 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $490.93 million, representing a surprise of +2.11%. The company delivered an EPS surprise of +12.70%, with the consensus EPS estimate being $1.26. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

SPX Technologies (SPXC) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.70%. A quarter ago, it was expected that this infrastructure equipment supplier would post earnings of $1.06 per share when it actually produced earnings of $1.25, delivering a surprise of 17.92%. Over the las ...

Exhibit 99.1 SPX Technologies Reports Second Quarter 2024 Results Q2 GAAP EPS of $0.96; Adjusted EPS* of $1.42 Raising Full-Year 2024 Adjusted EPS* Guidance to Range of $5.45-$5.60 CHARLOTTE, N.C., August 1, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", the "Company", "we" or "our") today reported results for the second quarter ended June 29, 2024. Gene Lowe, President and CEO, remarked, "I'm very pleased with our strong Q2 performance, which included substantial growth in all of our k ...

SPX Technologies is one of 315 individual stocks in the Business Services sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. For Seagate, the consensus EPS estimate for the current year has increased 32.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Investors interested in the Business Services secto ...

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. SPX Technologies (SPXC) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the ac ...

Call Access: To access the call by phone, please use the following link to receive dial-in details https://register.vevent.com/register/BI897f7ff93cf54486873d06ecf7d4508e. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at www.spx.com. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice ...

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Gene Lowe Thanks Paul. Good afternoon, everyone, and thank you for joining us. On the call today, weÂ'll provide you with an update on our consolidated and segment results for the first quarter of 2024. WeÂ're also increasing our guidance for the full year. We had a strong start to the year. In Q1, our company continued to execute well and drove substantial growth in all of our key profit measures, with significant year-on-year increases in margin. We continue to experience robust demand across key markets. ...

Long-term debt MAY 2, 2024 1 Reconciliations of non-GAAP guidance measures to US GAAP financial measures are not practicable and accordingly are not included in the Appendix to this presentation. 20 | Major product lines (1) Adjustment represents the removal of certain acquisition and strategic/transformation related costs ($2.4). (2) Adjustment represents the removal of (i) integration costs of $1.7 and (ii) an inventory step-up charge related to the Ingénia acquisition of $0.9 within the HVAC reportable s ...