secwatch.observer — SEC 8-K summary
======================================

Issuer:     SPX Technologies, Inc. (SPXC)
CIK:        0000088205
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000088205-23-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88205/000008820523000017/0000088205-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88205/000008820523000017/spxc-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000088205-23-000017

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