SPX(US:SPXC)2024-02-22 22:30Financial Performance Highlights - FY2023 Adjusted EBITDA increased by approximately 50% year-over-year[72] - Q4 2023 revenue increased by 93% year-over-year[67] - Q4 2023 Adjusted Operating Income increased by 187% year-over-year, with a 150 bps margin expansion[67] - The company anticipates approximately 25% year-over-year Adjusted EBITDA growth in 2024[72] - The company anticipates approximately 16% Adjusted EPS growth at midpoint in 2024[72] Segment Performance - HVAC segment experienced a 20% organic decline in Q4 2023, but this was offset by growth in Cooling volumes and acquisitions[87] - Detection & Measurement segment experienced a 02% organic decline in Q4 2023 due to lower run-rate sales[89] - Consolidated Segment Income increased by $197 million[7] Guidance and Outlook - The company projects 2024 revenue between $193 billion and $200 billion, with HVAC revenue between $1325 billion and $1375 billion, and Detection & Measurement revenue between $605 million and $625 million[17] - The company projects 2024 Adjusted EBITDA between $375 million and $405 million[18] - The company anticipates achieving key Adjusted EPS between $485 and $515[38]