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

Issuer:     SPX Technologies, Inc. (SPXC)
CIK:        0000088205
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000088205-24-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPX Technologies beats Q1 expectations; raises full-year adjusted EPS guidance to $5.15-$5.40
--------------------------------------------------------------------------------

- Q1 GAAP EPS $1.05, adjusted EPS $1.25, revenue $465.2M (+16.4% YoY).
- HVAC segment rev $302.4M (+20.2%), income margin 22.6% (+360 bps); Detection & Measurement rev $162.8M (+9.9%), margin 19.3% (+130 bps).
- Adjusted EBITDA $92.0M, up 46.7% YoY; operating cash flow $10.7M; capex $9.9M.
- Full-year guidance raised: revenue $1.965-$2.025B, adjusted EBITDA $390-$420M, adjusted EPS $5.15-$5.40 (from $4.85-$5.15).
- Acquisitions (Ingénia, ASPEQ, TAMCO) contributed 22.2% to HVAC growth; organic HVAC declined 1.9% due to warm weather.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88205/000008820524000037/0000088205-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88205/000008820524000037/spxc-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000088205-24-000037

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