SPX Q2 2021 adj EPS $0.49 beats prior year; raises FY adj EPS guidance to $2.25-$2.45

SPX Technologies, Inc.

2021-Q2 EPS reported $1.90 revenue$584,600,000

Q2 2021 revenue $296.7M, GAAP EPS $0.32, adjusted EPS $0.49 vs $0.34 prior year.
HVAC revenue $185.4M (+12.2% YoY); Detection & Measurement revenue $111.2M (+20.7% YoY).
Acquired Enterprise Control Systems (ECS) on Aug 3, 2021; announced sale of Transformer Solutions.
Updated FY2021 adjusted EPS guidance to $2.25-$2.45 from $2.17-$2.37, implying ~27% YoY growth.
Net leverage 1.6x; H1 net cash from operations $38.9M.

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