Core Insights - SPX Technologies, Inc. reported significant growth in both Q4 and full-year 2024 financial results, with GAAP EPS increasing by 78% in Q4 and 38% for the full year compared to 2023 [1][6] - The company introduced guidance for 2025, projecting adjusted EPS in the range of $6.00 to $6.25, indicating continued confidence in growth [1][20] Financial Performance - Q4 2024 revenue reached $533.7 million, up from $469.4 million in Q4 2023, marking an increase of 13.7% [3][10] - Full-year 2024 revenue was $1,983.9 million, compared to $1,741.2 million in 2023, reflecting a growth of 13.9% [6][10] - Adjusted EPS for Q4 2024 was $1.51, a 20.8% increase from $1.25 in Q4 2023, while full-year adjusted EPS was $5.58, up 29.5% from $4.31 in 2023 [5][9] Segment Performance - The HVAC segment saw Q4 2024 revenue of $370.5 million, an 18.6% increase from $312.5 million in Q4 2023, driven by higher volumes of cooling products [11][12] - Detection & Measurement segment revenue for Q4 2024 was $163.2 million, a 4.0% increase from $156.9 million in Q4 2023, with organic revenue growth of 4.2% [15][16] Operational Highlights - SPX Technologies achieved an Adjusted EBITDA growth of 36% and Adjusted EPS growth of 29% for the full year 2024, nearing the top end of the guidance range [2] - The company made strategic acquisitions, including Ingénia in the HVAC segment and Kranze Technology Solutions in the Detection & Measurement segment, enhancing its market position [2] Cash Flow and Debt - As of December 31, 2024, SPX had total outstanding debt of $614.7 million and total cash of $161.4 million, with net operating cash from continuing operations of $166.7 million for Q4 2024 [19] - Capital expenditures for continuing operations were $9.8 million in Q4 2024 and $38.0 million for the full year [19] Future Outlook - The company anticipates healthy demand in key markets and expects another year of double-digit growth in Adjusted EBITDA and Adjusted EPS for 2025 [2][20]

Group 1 - SPX Technologies (SPXC) is expected to report quarterly earnings of $1.50 per share, reflecting a year-over-year increase of 20% [1] - Revenues for SPXC are projected to be $531.23 million, which represents a 13.2% increase from the same quarter last year [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, indicating stability in analysts' forecasts [1] Group 2 - Analysts predict that 'Revenues- Detection & Measurement' will reach $153.22 million, showing a decline of 2.4% year-over-year [4] - The 'Revenues- HVAC' segment is expected to generate $378.10 million, indicating a 21% increase compared to the previous year [4] - 'Segment Income- Detection & Measurement' is projected to be $31.80 million, up from $29.60 million year-over-year [4] Group 3 - 'Segment Income- HVAC' is anticipated to reach $90.86 million, compared to $73.20 million from the previous year [5] - SPX Technologies shares have decreased by 7.7% in the past month, contrasting with the Zacks S&P 500 composite's decline of 0.5% [6] - SPXC holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [6]

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].

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].

Group 1 - SPX Technologies, Inc. will release its financial results for Q4 and full-year fiscal year 2024 on February 25, 2025, after U.S. financial markets close [1] - The conference call to discuss the financial results and business outlook will take place on February 25, 2025, at 4:45 p.m. Eastern Time [2] - The call will be available via webcast, and slides will be accessible in the Investor Relations section of the company's website [3] Group 2 - SPX Technologies is a supplier of highly engineered products and technologies, with leadership positions in the HVAC and detection and measurement markets [5] - The company is based in Charlotte, North Carolina, and employs over 4,100 people across 15 countries [5] - SPX Technologies is listed on the New York Stock Exchange under the ticker symbol "SPXC" [5]

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].

Core Insights - SPX Technologies has announced the acquisition of Kranze Technology Solutions, Inc. (KTS) for approximately $350 million in cash, which will enhance its Communication Technologies platform within the Detection & Measurement segment [2][3][4] - KTS is expected to generate approximately $90 million in revenue for the full year 2025, with performance metrics above the segment average [3][4] - This acquisition marks SPX's 15th since 2018, reinforcing its strategy to build high-quality, market-leading platforms [6] Company Overview - KTS, founded in 2008, specializes in digital interoperability and tactical networking solutions, enhancing situational awareness and interoperability across various platforms [5] - 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 [5][7] Strategic Implications - The acquisition is expected to scale SPX's CommTech platform to over $200 million in revenue, providing a strong foundation for growth in adjacent markets [6] - KTS's technology is highly complementary to SPX's existing tactical datalinks and RF countermeasure offerings, presenting significant growth opportunities [4][6] - The transaction is anticipated to close in the first quarter of 2025, subject to regulatory clearance, and is expected to be modestly accretive to SPX's adjusted earnings per share in 2025 [5]

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