secwatch.observer — SEC 8-K summary
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Issuer:     SPX Technologies, Inc. (SPXC)
CIK:        0000088205
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0000088205-22-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPX reports Q4 GAAP EPS $0.10, adj. EPS $0.88; 2022 adj. EPS guidance $2.50-$2.80
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88205/000008820522000005/0000088205-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88205/000008820522000005/spxc-20220223.htm
  HTML page:      https://secwatch.observer/filing/0000088205-22-000005

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