earnings
confidence high
sentiment negative
materiality 0.75
SPX Q3 GAAP EPS $0.17, Adj EPS $0.41; Guidance Cut on Supply Chain Issues
SPX Technologies, Inc.
2021-Q3 EPS reported
$9.03
revenue$870,400,000
- Q3 GAAP EPS $0.17, down from $0.34 YoY; adjusted EPS $0.41 vs $0.48 YoY.
- Revenue $285.8M, +6.5% YoY; supply chain constraints pressured margins.
- HVAC segment adjusted margin fell 280bps to 12.3%; Detection & Measurement margin down 270bps to 17.0%.
- Closed sale of Transformer Solutions at quarter-end, strengthening balance sheet.
- Full-year adjusted EPS guidance lowered to $2.18-$2.27; segment margin targets reduced.