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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CHARLOTTE, N.C., Nov. 29, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it will participate in the Wolfe Research Small and Mid-Cap Conference in New York City on December 4th and virtually participate in the Sidoti Small Cap Conference on December 5th. SPX Technologies’ President and Chief Executive Officer Gene Lowe and SPX Technologies’ Vice President, Chief Financial Officer and Treasurer Mark Carano will participate in meetings with investors at both conferences. At the Sid ...

A downtrend has been apparent in SPX Technologies (SPXC) lately with too much selling pressure. The stock has declined 9.5% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, fo ...

For the quarter ended September 2024, SPX Technologies (SPXC) reported revenue of $483.7 million, up 7.8% over the same period last year. EPS came in at $1.39, compared to $1.06 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $500.23 million, representing a surprise of -3.31%. The company delivered an EPS surprise of +0.72%, with the consensus EPS estimate being $1.38. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

SPX Technologies, Inc (NYSE:SPXC) Q3 2024 Results Conference Call October 30, 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 Walter Liptak - Seaport Research Steve Ferazani - Sidoti Operator Good afternoon, and welcome to the SPX Technologies Q3 2024 Earnings Conference Call. [Ope ...