secwatch.observer — SEC 8-K summary
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Issuer:     SPX Technologies, Inc. (SPXC)
CIK:        0000088205
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0000088205-21-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPX Q3 GAAP EPS $0.17, Adj EPS $0.41; Guidance Cut on Supply Chain Issues
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88205/000008820521000040/0000088205-21-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88205/000008820521000040/spxc-20211103.htm
  HTML page:      https://secwatch.observer/filing/0000088205-21-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer