Revenue Performance - HVAC reportable segment revenues were $752.1 million in 2021, up from $740.8 million in 2020, and $738.7 million in 2019[29] - Detection and Measurement reportable segment revenues increased to $467.4 million in 2021 from $387.3 million in 2020 and $384.9 million in 2019[30] - Sales outside the United States reached $228.0 million in 2021, compared to $192.4 million in 2020 and $150.9 million in 2019[36] Backlog and Revenue Recognition - As of December 31, 2021, HVAC segment backlog was $226.9 million, with approximately 97% expected to be recognized as revenue in 2022[29] - Detection and Measurement segment backlog was $153.6 million as of December 31, 2021, with about 71% expected to be recognized as revenue in 2022[30] - Approximately 97% of the HVAC segment's backlog and 71% of the Detection and Measurement segment's backlog are expected to be recognized as revenue during 2022[29][30] Acquisitions and Divestitures - The company completed the acquisition of Cincinnati Fan on December 15, 2021, enhancing its HVAC segment[23] - The divestiture of SPX Transformer Solutions was completed on October 1, 2021, and is reported as a discontinued operation[22] - The company completed the acquisition of Sabik Marine on February 1, 2019, which is now part of its Detection and Measurement segment[18] - The company acquired Sealite and ECS in 2021, expanding its Detection and Measurement capabilities[21] Workforce and Operations - The company has operations in over 15 countries, employing approximately 3,100 people globally[24] - Approximately 3,100 employees were reported as of December 31, 2021, with around 2,400 based in the United States[49] - The company has focused on enhancing its Diversity, Equity & Inclusion programs, including training over 500 employees to create an inclusive environment[53] - The company has implemented a talent management framework known as RiSE to strengthen and engage its workforce[52] - The company has experienced satisfactory labor relations, although it remains subject to potential union campaigns and labor disputes[49] Financial Management and Strategy - The company has maintained sufficient working capital levels to support customer requirements, particularly in inventory management[55] - The company has successfully offset increases in raw material costs in recent years, despite facing price fluctuations in key materials like petroleum and steel[42] - The company has a diverse supplier base and is not significantly dependent on any single supplier, ensuring competitive pricing for raw materials[43] Research and Development - The company emphasizes research and development to improve existing products and develop new solutions for customers[38] - The company intends to expand its detection and measurement product portfolio through innovative hardware and software solutions[26] - The company owns 163 domestic and 265 foreign patents, including 34 patents issued in 2021, which are crucial for its product and manufacturing methods[40] Future Outlook - The company anticipates stronger business performance in the second half of the year, reflecting historical seasonal trends[56]

| --- | --- | --- | --- | |-----------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | Q4 2021 | | | | | Earnings Presentation | | | | | February 23, 2022 | | | | SPX Corporation 2019 Investor Event - New York Certain statements contained in this presentation that are not historical facts, including any statements as to future market conditions, results of operations, products introductions, and financial projections, are forward-looking statements within the meaning of Sectio ...

SPX Corporation (NYSE:SPXC) Q4 2021 Earnings Conference Call February 23, 2022 4:45 PM ET Company Participants Paul Clegg - Vice President of Investor Relations Gene Lowe - President & Chief Executive Officer Jamie Harris - Chief Financial Officer Conference Call Participants Bryan Blair - Oppenheimer Damian Karas - UBS Steve Ferazani - Sidoti Walter Liptak - Seaport Operator [Call starts abruptly] Paul Clegg Thank you, operator and good afternoon, everyone. Thanks for joining us. With me on the call today ...

| --- | --- | --- | --- | --- | --- | |-----------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | Q3 2021 | | | | | | | Earnings Presentation | | | | | | | | | | | | | | November 3, 2021 | | | | | | SPX Corporation 2019 Investor Event - New York Certain statements contained in this presentation that are not historical facts, including any statements as to future market conditions, results of operations, products introductions, and financial projections, are ...

SPX Corporation (NYSE:SPXC) Q3 2021 Results Earnings Conference Call November 3, 2021 4:45 PM ET Company Participants Paul Clegg - Vice President, Investor Relations and Communications Gene Lowe - President and Chief Executive Officer Jamie Harris - Chief Financial Officer, Vice President and Treasurer Conference Call Participants Bryan Blair - Oppenheimer & Co. Inc. Damian Karas - UBS Investment Bank Steve Ferazani - Sidoti & Company, LLC Walter Liptak - Seaport Research Partner Operator Good day and thank ...

| --- | --- | --- | --- | |-----------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q2 2021 | | | | | Earnings Presentation | | | | | August 5, 2021 | | | | SPX Corporation 2019 Investor Event - New York Certain statements contained in this presentation that are not historical facts, including any statements as to future market conditions, results of operations, products introductions, and financial projections, are forward-looking statements within the ...

SPX Corporation (NYSE:SPXC) Q2 2021 Earnings Conference Call August 5, 2021 4:45 PM ET Company Participants Paul Clegg – Vice President-Investor Relations and Communications Gene Lowe – President and Chief Executive Officer Jamie Harris – Chief Financial Officer Conference Call Participants Bryan Blair – Oppenheimer Damian Karas – UBS Steve Ferazani – Sidoti Walter Liptak – Seaport Research Operator Thank you for standing by, and welcome to the Second Quarter 2021 SPX Corporation Earnings Conference Call. A ...

| --- | --- | --- | |-------|----------------------------------------------------------|-------| | | | | | | | | | | | | | | | | | | SPX Corporation | | | | Divestiture of Transformers Business & Strategic Update | | | | June 9, 2021 | | SPX Corporation 2019 Investor Event - New York Certain statements contained in this presentation that are not historical facts, including any statements as to the completion, and the timing of completion, of the sale of the Transformers business, future market conditions, r ...

SPX Corporation (NYSE:SPXC) Q1 2021 Earnings Conference Call May 6, 2021 4:30 PM ET Company Participants Paul Clegg – Vice President of Investor Relations and Communications Gene Lowe – President and Chief Executive Officer Jamie Harris – Chief Financial Officer Conference Call Participants Bryan Blair – Oppenheimer Damian Karas – UBS Steve Ferazani – Sidoti Operator Thank you for standing by and welcome to the Q1 2021 SPX Corporation Earnings Conference Call. At this time, all participants are in a listen- ...

| --- | --- | --- | --- | --- | |-----------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | Q4 2020 | | | | | | Earnings Presentation | | | | | | February 23, 2021 | | | | | SPX Corporation 2019 Investor Event - New York Certain statements contained in this presentation that are not historical facts, including any statements as to future market conditions, results of operations, products introductions, and financial projections, are forward-looking statements ...