CHARLOTTE, N.C., Sept. 30, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that its seventh annual sustainability report with data covering 2023 is available on the company's website at (https://www.spx.com/our-company/sustainability-reporting/). Gene Lowe, President and CEO of SPX Technologies commented, "I am pleased to present our latest sustainability report, sharing another year of progress. Sustainability is a key component of our value creation framework, and is embedded i ...

CHARLOTTE, N.C., Sept. 26, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", or the "Company"), is pleased to announce the appointment of Jennifer Carpenter as its new Chief Human Resources Officer (CHRO), effective September 30, 2024. She succeeds Tausha White, who earlier this year announced her decision to retire. Ms. Carpenter joins SPX with an extensive background of human resources and leadership experience. Gene Lowe, President and CEO, commented, "We are very pleased to welcome Jen ...

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has SPX Technologies (SPXC) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question. SPX Technologies is a member of the Business Services sector. This group includes 317 individual stocks and currently holds a Zacks Sector Rank of #6. The Za ...

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is SPX Technologies (SPXC) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question. SPX Technologies is one of 316 companies in the Business Services group. The Business Services group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank in ...

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 ...