secwatch.observer — SEC 8-K summary
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Issuer:     SPX Technologies, Inc. (SPXC)
CIK:        0000088205
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0000088205-23-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88205/000008820523000005/0000088205-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88205/000008820523000005/spxc-20230223.htm
  HTML page:      https://secwatch.observer/filing/0000088205-23-000005

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