SPX Q3 adj EPS $1.06 beats; rev $448.7M (+21%); raises FY adj EPS to $4.22-4.32

SPX Technologies, Inc.

2023-Q3 EPS reported $1.25 revenue$1,271,800,000

Q3 revenue $448.7M (+21% YoY); GAAP EPS $0.76; adjusted EPS $1.06 vs $0.81 prior year.
HVAC revenue up 27% (organic +10.6%, acquisitions +16.3%); segment margin 20.2% vs 14.5%.
Detection & Measurement revenue up 11.8% (organic +10.4%); segment margin 20.9% vs 21.2%.
FY 2023 adjusted EPS guidance raised to $4.22-4.32 (prior $4.15-4.30) on rev ~$1.74-1.77B.
Reached settlement with Mitsubishi resolving all South Africa power project claims.

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 0.96

SPX Technologies, Inc. reported third quarter ended September 30, 2023 results: revenue $448.7 million, net income Income from continuing operations 35.7, EPS $0.76. Guidance raised.

Period: third quarter ended September 30, 2023
Revenue: $448.7 million
Net income: Income from continuing operations 35.7
EPS: $0.76
Guidance: raised
Result: reported results

Exact text from the filing

ends our involvement with these projects and allows us to further focus on growth.” Third Quarter 2023 Overview: For the third quarter of 2023, the Company reported reve nue of $448.7 million and operating income of $57.7 million, compared with revenue of $370.5 million and operating income of $37.3 million in the third quarter of 2022. Diluted income per share from

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SPX Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0000088205-23-000035

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