SPX(SPXC)

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SPX(SPXC) - 2023 Q2 - Earnings Call Presentation
2023-08-03 01:22
| --- | --- | --- | --- | |-----------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | SPX Technologies | | | | | Q2 2023 | | | | | | | | | | Earnings Presentation | | | | | August 2, 2023 | | | | These risks, uncertainties and other factors include the following: cyclical changes and specific industry events in the company's markets; changes in anticipated capital investment and maintenance expenditures by customers; availability, limitations or cost increases of raw material ...
SPX(SPXC) - 2023 Q1 - Earnings Call Transcript
2023-05-07 11:58
Company Participants Conference Call Participants Operator I would like now to hand the conference over to Paul Clegg, VP of Investor Relations and Communications. Thank you, operator, and good afternoon, everyone. Thanks for joining us. With me on the call today are Eugene Lowe, our President and Chief Executive Officer; and Mark Carano, our Chief Financial Officer. Our comments today will largely focus on adjusted financial results and comparisons will be to the results of continued operations only. You c ...
SPX(SPXC) - 2022 Q4 - Earnings Call Transcript
2023-02-26 17:38
SPX Technologies, Inc. (NYSE:SPXC) Q4 2022 Earnings Conference Call February 23, 2023 4:45 PM ET Company Participants Paul Clegg - Investor Relations Gene Lowe - President and Chief Executive Officer Mark Carano - Chief Financial Officer Mike Reilly - Chief Accounting Officer Conference Call Participants Damian Karas - UBS Bryan Blair - Oppenheimer Steve Ferazani - Sidoti Damian Karas - UBS Operator Good day and thank you for standing by. Welcome to the Q4 2022 SPX Technologies Earnings Conference Call. At ...
SPX(SPXC) - 2022 Q4 - Earnings Call Presentation
2023-02-26 17:37
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------|-------|-------|-------|-------|-------|-------|-------------------------------------|-------|-------|-------|-------| | | | Q1 | | | Q2 | | Q3 | | Q4 | | 2021 | | HVAC segment income | | | | | | | $ 23.0 $ 26.6 $ 23.6 $ 34.5 $ 107.7 | | | | | | Detection & Measurement segment income | | | | | | | 24.0 18.1 18.0 32.8 92.9 | | | | | | Consolidated segment income | | | | | | | $ 47.0 $ 44.7 ...
SPX(SPXC) - 2022 Q4 - Annual Report
2023-02-23 22:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 1-6948 SPX Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 88-3567996 (State or other jurisdiction of ...
SPX(SPXC) - 2022 Q3 - Earnings Call Transcript
2022-11-05 23:06
SPX Technologies, Inc. (NYSE:SPXC) Q3 2022 Results Conference Call November 3, 2022 4:45 PM ET Company Participants Paul Clegg - VP, IR and Communications Gene Lowe - President and CEO Mike Reilly - Chief Accounting Officer and Interim CFO Conference Call Participants Damian Karas - UBS Bryan Blair - Oppenheimer Steve Ferazani - Sidoti Walter Liptak - Seaport Research Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q3 2022 SPX Corporation Earnings Call. [Operator Instructions] I ...
SPX(SPXC) - 2022 Q1 - Earnings Call Transcript
2022-05-08 07:08
SPX Corporation (NYSE:SPXC) Q1 2022 Earnings Conference Call May 4, 2022 4:45 PM ET Company Participants Paul Clegg - VP of IR and Communications Gene Lowe - President and CEO James Harris - CFO, VP & Treasurer Conference Call Participants Damian Karas - UBS Steve Ferazani - Sidoti Walter Liptak - Seaport Global Operator Thank you for standing by. And welcome to the SPX Corporation's First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker pres ...
SPX(SPXC) - 2022 Q1 - Earnings Call Presentation
2022-05-06 02:20
| --- | --- | --- | --- | --- | |-----------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | Q1 2022 | | | | | | Earnings Presentation | | | | | | May 4, 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 ...
SPX(SPXC) - 2021 Q4 - Annual Report
2022-02-25 22:32
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]
SPX(SPXC) - 2021 Q4 - Earnings Call Presentation
2022-02-24 15:36
| --- | --- | --- | --- | |-----------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | 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 ...