SPX Technologies Q1 GAAP EPS $0.84, rev $399.8M; raises FY adjusted EPS guidance to $3.80-$3.95

SPX Technologies, Inc.

2023-Q1 EPS reported $0.92 revenue$399,800,000

Q1 revenue $399.8M (+30% YoY); GAAP EPS $0.84 (from $0.28); adjusted EPS $0.93 (from $0.40).
HVAC segment revenue $251.6M (+30% YoY), segment margin 19.0% vs 10.7% last year, a record Q1.
Detection & Measurement revenue $148.2M (+30% YoY), segment margin improved to 18.0% from 16.7%.
FY 2023 guidance raised: revenue ~$1.61-$1.65B (was $1.50-$1.54B), adjusted EPS $3.80-$3.95 (was $3.30-$3.55).
Acquired TAMCO; announced ASPEQ Heating Group acquisition, expected to close Q2 2023 subject to HSR clearance.

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 1.0

SPX Technologies, Inc. reported first quarter ended April 1, 2023 results: revenue $399.8 million, EPS $0.84. Guidance raised.

Period: first quarter ended April 1, 2023
Revenue: $399.8 million
EPS: $0.84
Guidance: raised
Result: reported results

Exact text from the filing

For the first quarter of 2023, the company reported revenue of $399.8 million and operating income of $49.8 million

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168 earnings releases filed in the last 30 days. Browse all earnings releases →

SPX Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0000088205-23-000017

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