secwatch.observer — SEC 8-K summary
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Issuer:     SPX Technologies, Inc. (SPXC)
CIK:        0000088205
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000088205-24-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88205/000008820524000006/0000088205-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88205/000008820524000006/spxc-20240222.htm
  HTML page:      https://secwatch.observer/filing/0000088205-24-000006

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