earnings
confidence high
sentiment neutral
materiality 0.75
SPX reports Q4 GAAP EPS $0.10, adj. EPS $0.88; 2022 adj. EPS guidance $2.50-$2.80
SPX Technologies, Inc.
2021-FY EPS reported
$9.15
revenue$1,219,500,000
- Q4 revenue $350M vs $348M YoY; GAAP operating income $13.9M vs $29.1M; adjusted operating income $48.4M vs $47.4M.
- Q4 GAAP EPS $0.10 vs $0.44; adjusted EPS $0.88 vs $0.94; full-year adjusted EPS $2.33 vs $2.12 in 2020.
- HVAC revenue down 8% (organic -9%) to $212M; Detection & Measurement revenue up 17% (organic +4.2%) to $138M.
- 2022 guidance: adjusted EPS $2.50-$2.80; revenue $1.34-$1.41B; HVAC segment margin 14.0%-14.5%, D&M 19.0%-21.0%.
- Balance sheet: total debt $246M, cash $388M; operating cash flow from cont. ops $131.2M in full-year 2021.