SPX Q2 adj EPS $1.06 beats prior year; raises FY adj EPS guide to $4.15-4.30

SPX Technologies, Inc.

2023-Q2 EPS reported $1.69 revenue$823,100,000

Q2 GAAP EPS $0.82 (vs $0.41); adj EPS $1.06 (vs $0.71); revenue $423.3M (+19.6% YoY).
HVAC segment revenue $269.0M (+23% YoY); segment income margin expanded to 20.5% from 12.9%.
Detection & Measurement revenue $154.3M (+14% YoY, organic); margin 18.9% down 160bps on mix.
FY 2023 adj EPS guidance raised to $4.15-4.30 (midpoint +36% YoY); revenue guidance up to $1.72-1.75B.
Q2 net operating cash flow $73.8M; total debt $675.6M, cash $95.6M; capex $4.7M.

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 the second quarter ended July 1, 2023 results: revenue $423.3 million, net income $38.3 million, EPS $0.82. Guidance raised.

Period: the second quarter ended July 1, 2023
Revenue: $423.3 million
Net income: $38.3 million
EPS: $0.82
Guidance: raised
Result: reported results

Exact text from the filing

progressing toward our ‘SPX 2025’ target of $5 per share of Adjusted EPS*.” Second Quarter 2023 Overview: For the second quarter of 2023, the company reported revenue of $423.3 million and operating income of $51.3 million, compared with revenue of $354.0 million and operating income of $27.2 million in the second quarter of 2022. Diluted income per share from

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Source: SEC EDGAR

accession 0000088205-23-000029

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