secwatch.observer — SEC 8-K summary
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Issuer:     SPX Technologies, Inc. (SPXC)
CIK:        0000088205
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0000088205-22-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPX Q1 2022 GAAP EPS $0.28, adjusted EPS $0.40; raises full-year guidance
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- Q1 revenue $307.1M (+7% YoY); GAAP EPS $0.28 vs $0.50; adjusted EPS $0.40 vs $0.49.
- HVAC revenue $193.1M (+10%), but adjusted segment income margin down 240 bps to 10.7% on supply chain and labor constraints.
- Detection & Measurement revenue $114.0M (+2.2%); adjusted segment income margin down 480 bps to 16.7% on lower organic revenue.
- Full-year 2022 guidance raised: revenue $1.36-1.43B, adjusted EPS $2.55-2.85 (vs $2.50-2.80 prior) reflecting ITL acquisition.
- Ended Q1 with $269.5M cash and $242.7M debt; $100M share repurchase authorization in place.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88205/000008820522000019/0000088205-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88205/000008820522000019/spxc-20220504.htm
  HTML page:      https://secwatch.observer/filing/0000088205-22-000019

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