SPX reports Q4 GAAP EPS $0.67, full-year $3.10; guides 2024 adj. EPS $4.85-$5.15

SPX Technologies, Inc.

2023-FY EPS reported $1.93 revenue$1,741,200,000

GAAP EPS Q4 $0.67 vs ($0.55); full-year $3.10 vs $0.43; net income $89.9M (2023) vs $0.2M (2022).
Revenue Q4 $469.4M (+9% YoY); full-year $1,741M (+19% YoY); adjusted EBITDA $310.3M (+50%).
Adjusted EPS Q4 $1.25 vs $1.17; full-year $4.31 vs $3.10; guides 2024 adj. EPS $4.85-$5.15.
HVAC segment income margin improved to 23.4% in Q4 (up 390 bps); Detection & Measurement margin down to 18.9%.
Completed two HVAC acquisitions (TAMCO, ASPEQ) in 2023; acquired Ingénia; 2024 rev guidance $1.93-$2.0B.

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 0.95

SPX Technologies, Inc. reported the year ended December 31, 2023 results: revenue $1,741.2 million, net income $144.7 million, EPS $3.10.

Period: the year ended December 31, 2023
Revenue: $1,741.2 million
Net income: $144.7 million
EPS: $3.10
Result: reported results

Exact text from the filing

For the full year of 2023, the Company reported revenue of $1,741.2 million and operating income of $221.9 million, compared with revenue of $1,460.9 million and operating income of $51.0 million in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SPX Technologies, Inc. reported Full-Year 2024 results: EPS $4.85 to $5.15. Guidance initiated.

Period: Full-Year 2024
EPS: $4.85 to $5.15
Guidance: initiated
Result: guidance update

Exact text from the filing

Introducing 2024 Full-Year Adjusted EPS* Guidance Range of $4.85-$5.15

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SPX Technologies, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $469.4 million, net income $31.6 million, EPS $0.67.

Period: the fourth quarter ended December 31, 2023
Revenue: $469.4 million
Net income: $31.6 million
EPS: $0.67
Result: reported results

Exact text from the filing

midpoint, and Adjusted EPS* in a range of $4.85 to $5.15, which reflects 16% growth at the midpoint.” Fourth Quarter 2023 Overview: Revenue for the fourth quarter of 2023 was $469.4 million, compared with $429.3 million in the fourth quarter of 2022. Operating income in the fourth quarter of 2023 was $63.1 million. This compares with an operating loss of $(24.9)

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SPX Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0000088205-24-000006

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