SPX reports Q4 adjusted EPS $1.17, full-year $3.10; guides FY2023 adjusted EPS $3.30-$3.55

SPX Technologies, Inc.

2022-FY EPS reported $0.00 revenue$1,460,900,000

Q4 GAAP EPS loss $(0.55) includes $73.9M asbestos portfolio sale loss and $13.4M impairment.
Q4 revenue $429.3M (+22.7% YoY); HVAC organic growth 21.1%, Detection & Measurement organic 14.4%.
Full-year 2022 revenue $1,460.9M (+19.8% YoY); adjusted operating income $187.4M vs $135.1M in 2021.
FY2023 guidance: revenue $1.50-$1.54B, adjusted EPS $3.30-$3.55 (midpoint ~10% YoY growth).
HVAC segment margin improved to 19.5% in Q4 (16.3% in Q4 2021); Detection & Measurement margin 23.9%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SPX Technologies, Inc. reported the fourth quarter and year ended December 31, 2022 results: revenue $429.3 million, net income ($0.55), EPS $(0.55).

Period: the fourth quarter and year ended December 31, 2022
Revenue: $429.3 million
Net income: ($0.55)
EPS: $(0.55)
Result: reported results

Exact text from the filing

we are well-positioned to continue driving value, and remain on track to achieve our ‘SPX 2025’ plan.” Fourth Quarter 2022 Overview: Revenue for the fourth quarter of 2022 was $429.3 million, compared with $350.0 million in the fourth quarter of 2021. Operating loss in the fourth quarter of 2022 was $24.9 million, which includes the effects of a $73.9 million loss

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Source: SEC EDGAR

accession 0000088205-23-000005

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